According to the research report titled, “
India Large Kitchen Appliances Market - Growth, Demand, Trends, Opportunity, Forecasts (2021 - 2027)”, available with MarketStudyReport, India large kitchen appliances market is anticipated to reach USD 3.5 billion by the end of the forecast period 2021-2027.
As per the report findings, the demand in India large kitchen appliances market is mainly fueled by expanding middle-class population and affluent consumers, improving lifestyle standards, along with growing awareness of energy-efficient, eco-friendly appliances.
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For the uninitiated, kitchen appliances are household appliances that are specifically designed to make kitchen tasks go more smoothly. These appliances involved are primarily operated by electricity, cooking fuel, renewable or solar energy. Refrigerator, stove, and dishwashers are a few types of large kitchen appliances.
Notably, more and more customers are opting for advanced and sophisticated built-in kitchen appliances to enhance aesthetic value of kitchen, enhancing the remuneration prospects for India large kitchen appliances market. Furthermore, launch of technology driven kitchen appliances is encouraging consumers to transform their basic kitchen into a smart kitchen.
Apart from the aforementioned, the research document factors in the restraints in this business sphere and suggest multiple ways to combat their impact.
Based on appliances, the market is fragmented into cook tops, built-in hobs, free-standing hobs, and cooker hoods. Factors influencing the growth of each sub-market is included in the document. Moreover, past data and projections regarding the demand, shares, sizes, growth rate, and other variables of each segmentation is given as well.
From competitive landscape perspective, leading companies in India large kitchen appliances market are Butterfly Gandhimathi Appliances Limited, Philips India, Stove Kraft Limited, Hawkins Cookers Limited and TTK Prestige Limited Appliances Limited.
Industry players focusing on introducing low-cost products to tier II and III cities in an effort to widen their customer base and amplify profit margins. Besides, production capacity expansion is also anticipated to help businesses strengthen their position in this domain.