Product Code: ETC293964 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India household laundry equipment market import shipment witnessed a significant decline with a CAGR of -26.7% from 2020 to 2024. The growth rate between 2023 and 2024 further decreased by -18.5%, indicating a continued slowdown in market expansion. The trend suggests a notable loss in momentum and a shrinking market overall.
The household laundry equipment market in India is expected to witness significant growth due to factors such as rising disposable income, changing lifestyles, and urbanization. As more households shift towards nuclear families and dual-income setups, the demand for convenient and time-saving laundry solutions is increasing. Household laundry equipment, including washing machines and dryers, offer efficient laundry solutions to consumers. The availability of technologically advanced and energy-efficient models is also influencing market growth. Furthermore, the government`s initiatives promoting domestic manufacturing and favorable economic policies are contributing to market expansion. Overall, the India household laundry equipment market is likely to show positive growth trends in the foreseeable future.
The India household laundry equipment market is projected to experience favorable growth over the forecast period. The rising urbanization, changing lifestyle patterns, and increasing disposable income are major drivers for the market. The demand for time-saving and energy-efficient laundry solutions in India households drives the adoption of laundry equipment. Additionally, the growing awareness of advanced laundry technologies and the trend towards nuclear families contribute to the market`s positive outlook.
The household laundry equipment market in India is projected to grow, driven by an increasing number of households opting for modern laundry appliances. The market`s growth might face challenges due to consumer preferences for traditional laundry methods, concerns about water and energy consumption, and the need for affordable and reliable products suitable for diverse household needs.
The household laundry equipment market in India is influenced by factors such as rising disposable income, changing lifestyles, and urbanization. As more households opt for automatic washing machines and other laundry appliances, the market is expected to grow. The COVID-19 pandemic might have led to increased demand for household laundry equipment as hygiene and cleanliness became more critical for consumers.
The India household laundry equipment market is primarily driven by the rising urbanization and increasing disposable income of consumers. Key players in this market include international companies like LG Electronics Inc., Samsung Electronics Co., Ltd., and Whirlpool Corporation, which are among the leading suppliers of household laundry equipment, including washing machines and dryers. These companies have a significant presence in the India market and offer a wide range of laundry solutions to cater to various consumer preferences. Additionally, domestic manufacturers like IFB Industries Limited and Godrej Appliances also contribute to the market, offering localized laundry equipment with advanced features. Key players in the household laundry equipment market are focusing on energy efficiency, smart and connected appliances, and providing efficient after-sales service to gain a competitive edge.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Household Laundry Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Household Laundry Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 India Household Laundry Equipment Market - Industry Life Cycle |
3.4 India Household Laundry Equipment Market - Porter's Five Forces |
3.5 India Household Laundry Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Household Laundry Equipment Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 India Household Laundry Equipment Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Household Laundry Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in India leading to higher spending on household appliances |
4.2.2 Growing urbanization and busy lifestyles driving the demand for convenient laundry solutions |
4.2.3 Rising awareness about energy-efficient and water-saving laundry equipment contributing to market growth |
4.3 Market Restraints |
4.3.1 High initial cost associated with purchasing household laundry equipment limiting adoption rates |
4.3.2 Lack of infrastructure and electricity access in rural areas hindering market penetration |
4.3.3 Competition from traditional laundry methods such as handwashing impacting sales |
5 India Household Laundry Equipment Market Trends |
6 India Household Laundry Equipment Market, By Types |
6.1 India Household Laundry Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Household Laundry Equipment Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Household Laundry Equipment Market Revenues & Volume, By Washing Machines, 2021-2031F |
6.1.4 India Household Laundry Equipment Market Revenues & Volume, By Ironers, 2021-2031F |
6.1.5 India Household Laundry Equipment Market Revenues & Volume, By Dryers, 2021-2031F |
6.1.6 India Household Laundry Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Household Laundry Equipment Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 India Household Laundry Equipment Market Revenues & Volume, By Automatic, 2021-2031F |
6.2.3 India Household Laundry Equipment Market Revenues & Volume, By Semi-Automatic/ Manual, 2021-2031F |
6.2.4 India Household Laundry Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.3 India Household Laundry Equipment Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 India Household Laundry Equipment Market Revenues & Volume, By Direct Selling, 2021-2031F |
6.3.3 India Household Laundry Equipment Market Revenues & Volume, By Retail, 2021-2031F |
6.3.4 India Household Laundry Equipment Market Revenues & Volume, By E-Commerce, 2021-2031F |
6.3.5 India Household Laundry Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 India Household Laundry Equipment Market Import-Export Trade Statistics |
7.1 India Household Laundry Equipment Market Export to Major Countries |
7.2 India Household Laundry Equipment Market Imports from Major Countries |
8 India Household Laundry Equipment Market Key Performance Indicators |
8.1 Adoption rate of energy-efficient laundry equipment in urban households |
8.2 Percentage of households with access to reliable electricity using laundry equipment |
8.3 Rate of growth in sales of smart laundry appliances |
8.4 Average replacement cycle of household laundry equipment |
8.5 Consumer satisfaction scores related to the performance and durability of laundry equipment |
9 India Household Laundry Equipment Market - Opportunity Assessment |
9.1 India Household Laundry Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Household Laundry Equipment Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 India Household Laundry Equipment Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Household Laundry Equipment Market - Competitive Landscape |
10.1 India Household Laundry Equipment Market Revenue Share, By Companies, 2024 |
10.2 India Household Laundry Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |