PRN: India Kitchen Appliances Market to Grow at Over 25% Till 2019, Says TechSci Research

13/nov/2014 15:31:09 PR Newswire Turismo Contatta l'autore

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India Kitchen Appliances Market to Grow at Over 25% Till 2019, Says TechSci Research

 
[13-November-2014]
 

BURNABY, Canada, November 13, 2014 /PRNewswire/ --

Expanding middle class, growing working population and improving consumer lifestyle continue to boost kitchen appliances market in India  

According to a recently published report by TechSci Research "India Kitchen Appliances Market Forecast & Opportunities, 2019", the kitchen appliances market in India is projected to grow at a CAGR of more than 25% during 2014-19. The demand for kitchen appliances in the country is expected to continue growing on account of expanding base of middle class and affluent consumers, increasing working population and improving consumer lifestyle. India has a large base of young consumers who form majority of the workforce and hardly find time for traditional cooking due to their busy schedules, thereby creating huge demand for western kitchen appliances that facilitate easy and quick cooking.

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Rising per capita disposable income of consumers, especially upper and lower middle income groups, continues to drive India's kitchen appliances market. However, majority of Indian consumers are price conscious, which poses a challenge for the manufacturers and suppliers as even a small price variation hugely affects the consumer preference for a specific brand or product. Consequently, the kitchen appliance companies are constantly focused on offering high-quality kitchen appliances at lowest possible prices.

"Retail chains such as Big Bazar, Easyday, Croma, Relaince Digital, etc. are significantly contributing towards increasing the product awareness among consumers, thereby boosting the demand for kitchen appliances in India. However, such chains are not currently present in semi-urban and rural pockets of the country. To overcome this issue, various retail majors are focusing on expanding their reach in rural areas over the coming years, which is expected to drive the kitchen appliances market until 2019." said Ms. Varsha Singh, Research Consultant with TechSci Research, a research based global management consulting firm. Major players currently operating in the Indian kitchen appliances market include Glen, TTK Prestige, Bajaj Electricals, LG, Samsung, Inalsa, IFB, Panasonic, Phillips, etc.

"India Kitchen Appliances Market Forecast & Opportunities, 2019" has evaluated the future growth potential of India's kitchen appliances market and provides statistics and information on market structure, consumer behavior trends, market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in kitchen appliances market in India.

About TechSci Research 

TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.

Media Contact 

Ken Mathews

Sales & Marketing Consultant

Contact Phone- +1 646 360 1656

Email- ken.mathews@techsciresearch.com


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