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Washing Machine Market in India 2022

Publisher Netscribes (India) Pvt. Ltd.
Published Mar 01, 2022
Length 90 Pages
SKU # NBS17340771

Description

Washing Machine Market in India 2022

Technological advancements in recent times have made washing machines efficient in terms of electricity and water usage. Urbanization, growth of smart homes, evolving consumer preferences, and digitalization have helped in the growth of the market. Households and commercial establishments use washing machines to save both, energy and time.

Market insights:

The market was valued at INR 160 Bn in 2021. It is expected to reach INR 235.44 Bn by 2027, expanding at a CAGR of ~6.14% during the 2022 – 2027 period. The sales volume of the market stood at INR 7.63 Mn units in 2021. It is expected to reach INR 20.73 Mn by 2027, expanding at a CAGR of ~19.66% during the 2022 – 2027 period.

Impact of COVID-19:

The COVID-19 outbreak led to an increase in awareness about health and hygiene among consumers. To take advantage of the situation, washing machine manufacturers are innovating models that have the technology to kill the SARS-CoV-2 virus from clothes.

Market influencers:

Market drivers:

Nowadays, financing schemes have become attractive and convenient, making it easy for the middle class to indulge in shopping. People’s purchasing power has increased with their income in the past few years. The demand for washing machines has also picked up because people do not have enough time to wash their clothes due to their busy lifestyles. Through the government’s ‘Make in India’ campaign, several domestic companies that import parts of their products have now set up their own manufacturing plants.

Key deterrents to the growth of the market:

Laundry shops and e-laundry are growing in India and customers prefer these services because of the ease of availability and affordability. People prefer laundry services over household washing because they like to wear neat and clean clothes, and the latter never provides such results. A washing machine consumes a huge amount of electricity because its rotational action needs a powerful motor for operation.

Table of Contents

90 Pages
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Market overview
4.1. Market size and growth forecast (2020– 2027e) – By value
4.2. Market size and growth forecast (2020 – 2027e) – By volume
Chapter 5: Market Segmentation
5.1. Market share of washing machines based on type
5.2. Market share of top players
Chapter 6: Impact of COVID-19 analysis
6.1. Impact of COVID-19
6.1.1. Rise in health awareness among consumers
6.1.2. Disruptions in global supply chain
6.1.3. Evolving lifestyles
6.1.4. Technological advancements
Chapter 7: Trade analysis
7.1. Export
Value-wise
Volume-wise
Country-wise
7.2 Import
Value-wise
Volume-wise
Country-wise
Chapter 8: Market trends analysis
8.1. Market trends analysis
Chapter 9: Market influencers
9.1. Market drivers
9.2. Market challengers
Chapter 10: Competitive landscape
10.1. Competitive landscape analysis
10.2. BPL Limited
Company information
Business description
Products/services
Key people
Financial snapshot
Key ratios
Key financial performance indicators
Key business segments
Key geographic segments
Note: Financial data and segment-wise data is available only for public companies
10.3. Godrej and Boyce Manufacturing Company Limited
10.4. IFB Industries Limited
10.5. Onida MIRC Electronics Limited
10.6. Whirlpool of India Limited
10.7. Bosch Household Appliances Manufacturing Private Limited
10.8. Haier Appliances India Private Limited
10.9. LG Electronics Private Limited
10.10. Panasonic India Private Limited
10.11. Samsung India Electronics Private Limited
Chapter 11: Recent developments
11.1. Recent developments
Chapter 12: Appendix
12.1. Research methodology
12.2. About Netscribes
12.3. Disclaimer

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