Market Forecast By Types (Semi-Automatic, Fully Automatic), By Model Type (Top Load, Front Load), By Capacity (Upto 6 KG, 6.1-7 KG, 7.1-8 KG, and Above 8 KG) And Competitive Landscape
|Product Code: ETC101323||Publication Date: Feb 2023||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 90||No. of Figures: 14||No. of Tables: 8|
Latest 2023 Development of the India Washing Machine Market
India Washing Machine Market is expected to gain momentum during the upcoming years owing to increasing penetration towards saving time. Increasing digitization along with a growing number of working women and busy lifestyles is driving the India Washing Machine Market Growth. Rising efficiency in terms of time-saving is also proliferating the development of the market, which is boosting the washing machine market share in India and the washing machine market size in India. Initiatives taken by the government of India in order to develop the household sector are also adding to the development of the industry. Moreover, changes in behaviours of the consumer along with rising per capita income are driving the India Washing Machine market share.
Report on Washing Machine Industry in India is a part of the Asia Pacific Washing Machine Market report thoroughly covers the market by types, model types, and capacity. India washing machine market report provides an unbiased and detailed analysis of the ongoing India washing machine market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devi and align market strategies according to the current and future market dynamics.
India Washing Machine market has witnessed considerable growth over the past few years. This growth is mainly driven by rapid urbanization coupled with the increasing affordability of washing machines across the country. The adoption of washing machines as a necessity rather than a luxury is driving the development of the market. However, development in laundry services along with the expansion of online laundry is driving the India Washing Machine Market Share. The surging population in urban areas along with the increasing penetration of usage of advanced household appliances triggers the potential growth of the market. Increasing innovation of products by the manufacturers along with the adoption of the fully automatic washing machine is adding to the India Washing Machine Market Share.
Rising demand for commercial laundry is also expected to accelerate the growth of the market. The washing machine helps in saving energy and provides benefits such as quick drying that will further propel the growth of the market. The rising advancement of technology along with increasing usage of IoT technology is also proliferating the India Washing Machine Market Share. Additionally, the rising number of commercial offices, colleges, schools, and institutions along with the growing population triggers the potential growth of the market.
According to 6Wresearch, the India Washing Machine market size is anticipated to grow at a CAGR of 9.1% during 2021-2027. Rising technological improvements, growing awareness, and rising disposable income of consumers as well as increasing commercialization are some of the key growth drivers of the washing machine market in India. Additionally, LG dominated the overall India washing machine market in terms of revenue share in 2020. Some of the other key players operating in the India washing machine market are Samsung, Whirlpool, and Godrej.
Based on types, the Semi-Automatic washing machine segment held the majority of the revenue share. However, fully automatic washing machines are likely to register a higher growth rate over the coming years. Whereas, in terms of model type, the top load washing machine segment dominated the overall India washing machine market in 2020 and the segment is anticipated to lead the market over the coming years as well.
The outbreak of the Covid-19 pandemic has immensely affected the washing machine market. The imposed lockdown has led to the temporary shutdown of the manufacturing plants for months, which disrupted the supply to domestic and international markets, causing an immense loss in revenue. However, as the pandemic is subsiding and the economy is opening again, the retail market is witnessing a surge in the demand for washing machines.
Some of the key players in the India Washing Machine Market are:
India Washing Machine market report covers a detailed analysis of the following market segments:
|1 Executive Summary|
|2.1 Key Highlights of the Report|
|2.2 Report Description|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3 India Washing Machine Market Overview|
|3.1 India Country Macro Economic Indicators|
|3.2 India Washing Machine Market Revenues & Volume, 2020 & 2027F|
|3.3 India Washing Machine Market - Industry Life Cycle|
|4 India Washing Machine Market - Porter's Five Forces|
|4.1 India Washing Machine Market Revenues & Volume Share, By Type, 2020 & 2027F|
|4.2 India Washing Machine Market Revenues & Volume Share, By Model Type, 2020 & 2027F|
|4.3 India Washing Machine Market Revenues & Volume Share, By Capacity, 2020 & 2027F|
|5 India Washing Machine Market Dynamics|
|5.1 Impact Analysis|
|5.2 Market Drivers|
|5.3 Market Restraints|
|6 India Washing Machine Market Trends|
|7 India Washing Machine Market, By Segmentation|
|7.1 India Washing Machine Market, By Type|
|7.1.1 Overview and Analysis|
|7.1.2 India Washing Machine Market Revenues & Volume, By Semi Automatic Type, 2017 & 2027F|
|7.1.3 India Washing Machine Market Revenues & Volume, By Fully Automatic Type, 2017 & 2027F|
|7.2 India Washing Machine Market, By Model Type|
|7.2.1 Overview and Analysis|
|7.2.2 India Washing Machine Market Revenues & Volume, By Top Load Model, 2017 & 2027F|
|7.2.3 India Washing Machine Market Revenues & Volume, By Front Load Model, 2017 & 2027F|
|7.3 India Washing Machine Market, By Capacity|
|7.3.1 Overview and Analysis|
|7.3.2 India Washing Machine Market Revenues & Volume, By UP To 6 KG Capacity, 2017 & 2027F|
|7.3.2 India Washing Machine Market Revenues & Volume, By 6.1-7 KG Capacity, 2017 & 2027F|
|7.3.2 India Washing Machine Market Revenues & Volume, By 7.1-8 KG Capacity, 2017 & 2027F|
|7.3.2 India Washing Machine Market Revenues & Volume, By Above 8 KG Capacity, 2017 & 2027F|
|8 India Washing Machine Market Import-Export Trade Statistics|
|8.1 India Washing Machine Market Export to Major Countries|
|8.2 India Washing Machine Market Imports from Major Countries|
|9 India Washing Machine Market Key Performance Indicators|
|10 India Washing Machine Market - Opportunity Assessment|
|10.1 India Washing Machine Market Opportunity Assessment, By Type, 2020 & 2027F|
|10.2 India Washing Machine Market Opportunity Assessment, By Model Type, 2020 & 2027F|
|10.3 India Washing Machine Market Opportunity Assessment, By Capacity, 2020 & 2027F|
|11 India Washing Machine Market - Competitive Landscape|
|11.1 India Washing Machine Market Revenue Share, By Companies, 2020|
|11.2 India Washing Machine Market Competitive Benchmarking, By Operating and Technical Parameters, 2020|
|12 Company Profiles|