India Laundry Appliances Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.76 Billion |
| Market Size (2029) | USD 5.43 Billion |
| CAGR (2024 - 2029) | 7.65 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Laundry Appliances Market Analysis
The India Laundry Appliances Market size is estimated at USD 3.76 billion in 2024, and is expected to reach USD 5.43 billion by 2029, growing at a CAGR of 7.65% during the forecast period (2024-2029).
The India Laundry Appliances Market is driven by various growth drivers such as growing urbanization and increasing affordability of laundry appliances in the country further supporting the market growth over the forecast period. In the past few years, due to increasing disposable income and improved standard of living there has been robust demand for laundry appliances in the Indian market. With Technological innovations, Laundry appliances are been equipped with smart features where the user can control the appliances through their smartphones, and with sensors and AI-equipped features the appliances are becoming more automatic. Today consumers are provided with a variety of choices in the market ranging from color, shape, and design to various after-sales services, credit facilities, and other such benefits, providing comfort and a better experience to the user. The addition of such features will boost the India Laundry Appliances Market.
The global laundry appliances market is experiencing a surge in demand due to a variety of factors, such as the growing adoption of smart home technology in both developing and developed countries, the rapid expansion and modernization of IT systems, shifting demographics, and the imperative to protect the planet from hazardous waste. Brands that cater to the demands of the millennial and post-millennial generation offer a wide range of smart home appliances, ranging from sophisticated smart lights to advanced AI-enabled faucets. This trend is expected to continue to grow in the future.
India Laundry Appliances Market Trends
Increasing Urbanization in the Country is Driving the Market
Over the past few years, urbanization has increased significantly which has resulted in the augmented sales of laundry appliances. Moreover, changing lifestyles along with the improved electricity infrastructure across urban areas in the country has fuelled the demand for laundry appliances. Rising urbanization, coupled with increasing disposable income has fueled in higher demand for laundry appliances. Thus, rapid urbanization is expected to contribute to the growth of the laundry appliances market in the forecast period.
Washing Machines are Dominating the Market
Washing machines are widely used home appliances for washing laundry, as they save time and energy. The Indian market is seeing a gradual shift from semi-automatic to automatic washing machines, driven largely by consumers trading in the replacement of old appliances. Numerous technological advancements have been carried out in these machines during the last decade, leading to their higher efficiency, in terms of saving water and electricity. This has also enabled key players in this market to gain a significant market share in the washing machine market. The government has taken various initiatives towards the development of rural households in developing countries in India, which is further expected to increase the demand for washing machines. In addition, the rising affordability of washing machines and growing urbanization is further fuelling demand for washing machines across the country.
India Laundry Appliances Industry Overview
The report covers major international players operating in the Indian laundry appliances market. In terms of market share, some of the major players currently dominate the market. Technological advancement has empowered producers to add innovative features to their products to boost performance and set themselves apart from competitors. Major players are Godrej & Boyce Mfg Co Ltd, LG Electronics India Pvt Ltd, Samsung India Electronics Pvt Ltd, Whirlpool of India Ltd, and Haier Appliances India Pvt Ltd.
India Laundry Appliances Market Leaders
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Godrej & Boyce Mfg Co Ltd
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LG Electronics India Pvt Ltd
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Samsung India Electronics Pvt Ltd
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Whirlpool of India Ltd
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Haier Appliances India Pvt Ltd
*Disclaimer: Major Players sorted in no particular order
India Laundry Appliances Market News
- In 2023, LG Launched the LG 6.5 Kg 5 Star Top Load Washing Machine, With 3 Smart Motion technology and a Tub Clean feature, it ensures thorough cleaning. The Middle Free Silver design adds a touch of style. Operating at 700 Rpm, its higher spin speeds contribute to faster drying, making laundry a quick and hassle-free task.
- In 2023, Samsung Launched the Samsung 7 Kg Top Load Fully Automatic Washing Machine, The Diamond Drum is an ideal choice for families with three to four members, as it is user-friendly and comes with a comprehensive two-year warranty. It is designed to provide a gentle yet effective cleaning experience.
India Laundry Appliances Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Urbanization is Driving the Market
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4.3 Market Restraints
- 4.3.1 Raw material Cost Fluctuations
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4.4 Market Opportunities
- 4.4.1 Introduction of New Technological Innovative Products
- 4.5 Value Chain / Supply Chain Analysis
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4.6 Porters 5 Force Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Impact of Covid-19 on the Market
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Freestanding
- 5.1.2 Built in
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5.2 Product
- 5.2.1 Washing Machine
- 5.2.2 Dryers
- 5.2.3 Electric Smoothing Irons
- 5.2.4 Others
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5.3 Technology
- 5.3.1 Automatic
- 5.3.2 Semi-Automatic/ Manual
- 5.3.3 Others
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5.4 Distribution Channel
- 5.4.1 Supermarkets and Hypermarkets
- 5.4.2 Specialty Stores
- 5.4.3 Online
- 5.4.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Electrolux AB
- 6.2.2 Godrej & Boyce Mfg Co Ltd
- 6.2.3 Haier Appliances India Pvt Ltd
- 6.2.4 IFB Industries Ltd
- 6.2.5 LG Electronics India Pvt Ltd
- 6.2.6 Panasonic Home Appliances India Co Ltd
- 6.2.7 Samsung India Electronics Pvt Ltd
- 6.2.8 Videocon Industries Ltd
- 6.2.9 Whirlpool of India Ltd
- 6.2.10 Siemens*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER
** Subject To AvailablityIndia Laundry Appliances Industry Segmentation
Laundry Appliances refer to the machinery used for cleaning and maintaining laundry clothes in either the residential or commercial sector. Watching machines, Dryers, Irons, and others exist among the major used laundry appliances with technology advancement equipping them in different models and features as required by the users. India's Laundry Appliances Market is segmented by Type, by Product, by Technology, and by Distribution Channel. The market by type is further segmented into Freestanding and Built-in, and the market by product is further segmented into Washing Machines, Dryers, Electric Smoothing Irons, and Others. the market by technology is further segmented into Automatic, Semi-Automatic/ Manual, and Others. the market by distribution channel is further segmented into Supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels. The report offers market sizes and forecasts for the India Laundry Appliances Industry in values (USD) for all the above segments.
| Type | Freestanding |
| Built in | |
| Product | Washing Machine |
| Dryers | |
| Electric Smoothing Irons | |
| Others | |
| Technology | Automatic |
| Semi-Automatic/ Manual | |
| Others | |
| Distribution Channel | Supermarkets and Hypermarkets |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
India Laundry Appliances Market Research FAQs
How big is the India Laundry Appliances Market?
The India Laundry Appliances Market size is expected to reach USD 3.76 billion in 2024 and grow at a CAGR of 7.65% to reach USD 5.43 billion by 2029.
What is the current India Laundry Appliances Market size?
In 2024, the India Laundry Appliances Market size is expected to reach USD 3.76 billion.
Who are the key players in India Laundry Appliances Market?
Godrej & Boyce Mfg Co Ltd, LG Electronics India Pvt Ltd, Samsung India Electronics Pvt Ltd, Whirlpool of India Ltd and Haier Appliances India Pvt Ltd are the major companies operating in the India Laundry Appliances Market.
What years does this India Laundry Appliances Market cover, and what was the market size in 2023?
In 2023, the India Laundry Appliances Market size was estimated at USD 3.47 billion. The report covers the India Laundry Appliances Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Laundry Appliances Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Laundry Appliances Industry Report
Statistics for the 2024 India Laundry Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Laundry Appliances analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
