India Major Home Appliances Market Trends

Statistics for the 2023 & 2024 India Major Home Appliances market trends, created by Mordor Intelligence™ Industry Reports. India Major Home Appliances trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of India Major Home Appliances Industry

This section covers the major market trends shaping the India Major Home Appliances Market according to our research experts:

Rise in Production of Major White Goods in India

The Indian major appliance market witnessed an increase in the production of white goods, such as refrigerators, washing machines, and air conditioners. Production of refrigerators in India increased 3% y-o-y in the year 2018 to 11.88 million units. Production of washing appliances in India increased by 5.1 % year-on-year in the year 2018 to 5.79 million units. During the year 2018, (up to February 2018), the production of air conditioners in India increased by 4.9% y-o-y to 3.19 million units. The white goods industry is highly concentrated in India, with the top five players accounting for more than 70% of the market share. Xiaomi, a China-based start-up company, entered the white goods segment in India in 2019.

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Penetration of Major Home Appliances is Expected to Rise

India is a complex market in terms of the sale of household consumer appliances. As compared to various neighboring countries, there is low penetration of air conditioners, refrigerators, and washing machines in the country. The penetration of refrigerators is pretty low, at around 33%, and the penetration rate of air conditioner stands at 4.50% and washing machines at 13%. A television, on the other hand, has high penetration in the Indian market.

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India Major Home Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)