Latest News- Consumer Electronics And Home Appliances Market in India: Consumer electronics is expected to lead the Product segment during 2025-2029

The Consumer Electronics And Home Appliances Market in India is being driven by Growth in government initiatives for electronic products

The Consumer Electronics And Home Appliances Market in India is expected to grow at a CAGR of 1.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2074.4 million. In the dynamic Indian market for Consumer Electronics and Home Appliances, convenience is a key purchasing consideration. This trend has led to the proliferation of smart products, which automate manual tasks and can be controlled remotely via smartphones. The Internet of Things (IoT) is a significant driver of growth in this sector, enabling interoperability between devices through wireless technologies like ZigBee and Wi-Fi. The popularity of IoT has resulted in many appliances undergoing transitions to integrate digital and wireless technology. The demand for smart homes is surging in India, as households increasingly manage, monitor, and execute various activities digitally through the Internet. 

Get more information on Consumer Electronics And Home Appliances Market in India by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Consumer electronics
  • Home appliances
• Distribution Channel
  • Offline
  • Online
• Price Range
  • Mid-range
  • Premium
  • Entry-level
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth in government initiatives for electronic products
• Rising changes in design of home architecture
• Increasing demand for premium appliances

However, the market also witnesses some limitations, which are as follows:

• Compliance costs associated with consumer electronics and home appliances
• Data security issues associated with smart consumer electronics and home appliances
• Regulations and standards set for safety issues

Benefits of Buying Global Consumer Electronics And Home Appliances Market in India Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Consumer Electronics And Home Appliances Market in India Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Indian market for Consumer Electronics and Home Appliances is experiencing significant growth, driven by the large youth population, increasing internet penetration, and rising per-capita income. High-income households, with the help of purchasing power parity, are investing in emerging technologies like Artificial Intelligence, Internet of Things, and Augmented Reality. Industry associations have reported exponential consumer spending on household appliances and electronics, with brands like Haier Smart Home and LG Electronics leading the way based on survey results. Performance factors and the number of households continue to influence market trends.

Market Research Overview

The Indian consumer electronics and home appliances market represent a significant segment of the global household appliances industry. With a large and growing youth population, increasing internet penetration, and rising per-capita income, India's high-income households exhibit a strong demand for major and small household appliances. This market is characterized by the production and sale of electric appliances, excluding televisions and other consumer electronics, which fall under a separate category. The household appliances sector encompasses major appliances, such as refrigerators and washing machines, as well as small appliances, hand tools, power tools, and garden improvement tools. The market's growth is driven by demographic trends and economic factors, making it an attractive investment opportunity for manufacturers and suppliers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/