India market info

  • The Indian consumer electronics and domestic home appliance market is expected to grow at 9% CAGR till 2022, from US $ 31.4 billion in 2017 to US $ 48.3 billion by 2022.
  • The demand for electronic products is expected to grow at a CAGR of 41% during 2017-2020 to reach US $ 400 billion by 2020.
  • Domestic electronics production is growing at a CAGR of 27% and may touch $104 billion leaving an import shortfall of around $ 300 billion.
  • The overall Indian electronics market grew by 8.6% YoY to reach $ 75 billion in 2015, driven by rising local demand.
  • Of the country’s total demand for electronics, between 50-60% of the products and 70-80% of the components are imported.
  • India is the world’s second largest mobile phone market and boasts 7.6% of the global smartphone market.
  • The size of home appliances and consumer durables market was US $ 15.5 billion in 2017.
  • India has a huge untapped home appliances market; currently only 29% houses own a refrigerator, 11% own a washing machine and 6% own a computer or a laptop.
  • Kitchen Appliances recorded growth of over 13% CAGR from 2011-16 and projected to reach over US $ 7 billion by 2022 with categories like Hobs, Blenders, Microwaves, Chimneys, Electric Kettles, Cookers, etc., recording double digit value growth
  • India has the world’s 3rd largest television industry, which is expected to grow by 12.97% to US $ 11.78 billion in 2018 from US $ 9.23 billion in 2016
  • The market size for refrigerators was around US $ 3.02 billion in 2017 and is expected to reach US $ 5.34 billion by 2022 while the market size for air conditioning was around US $ 2.76 billion in 2017
  • India’s robust economic growth and rising household incomes are expected to increase consumer spending to US $ 4 trillion by 2025
© 2018 | @CEI | All Rights Reserved