Data Bridge Market Research analyses that the India White Goods Market was valued at USD 11788.81 million in 2022 and is expected to reach USD 18092.13 billion by 2030, registering a CAGR of 5.50% during the forecast period of 2023 to 2030.

Industry Analysis

White goods are an important part of every household. From being measured as luxuries former, they have become important goods now. These white goods are used in several ways and directly link with society's basic requirements. They are linked with individual well-being and with the environment of the home. These goods play a dynamic role in saving resources such as time and energy to a great extent. In today’s business scenario, demand for these goods is high owing to improved lifestyles of people and their use in day-to-day life applications.

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

White goods are large household appliances such as washing machines, tumble driers, dishwashers, stoves, refrigerators, freezers and air conditioners. They are large electrical goods that were traditionally available only in white. White goods are normally kitchen and home appliances used for several common purposes such as heating & cooling, cleaning, in the hospitality sectors, washing of clothes, cooking and preservation of food and many other applications used widely in daily life.

India White Goods Market Scope

The white goods market is segmented on the basis of product, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

·       Refrigerator

·       Cooking Appliance

·       Dishwasher

·       Air Conditioner

·       Washing Machine

·       Microwave Oven

·       Others

Application

·       Commercial

·       Residential  

Distribution channel

·       Supermarket and Hypermarket

·       Specialty Store

·       Retail Store

·       E-commerce

·       others

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India White goods Market Dynamics

Drivers

·       Increasing usage of washing machines in hospitals

Washing machines are mainly used to get the dirt out form clothes. In hospitals, laundry service is very essential from healthcare point of view. Hospitals receive hundreds of patients daily who suffer from different types of diseases. Their clothes get infected by diseases and bacterial effects they carry with them. Washing machines aid in the control of infectious diseases, which can transmit from one to another person. Washing machines are mainly essential to maintain hygiene in hospitals. Special detergents are used for washing clothes which can kill the maximum bacteria. Thus, the increase in the number of hospitals and patients in this region also acts as one of the major factors for the increasing usage of washing machines in hospitals and is thus is anticipated to drive the market growth.

·       Inclination towards advanced features of refrigerators

Technological awareness about refrigerators has augmented the market of advanced products of refrigerators. Advanced models of refrigerators comprise new features such as automatic temperature controls, sensors for lighting, chiller, door style, and among others. The market is highly inclined towards advanced models owing to the increase in technological advancement, buying power and smart refrigerators which Wi-Fi and smartphones can also control. Thus, the advancement and automation in the refrigerator have augmented the demand for the white goods and are anticipated to propel the market growth.

Opportunities

·       Government initiatives toward energy-efficient household appliances

In the last few years, numerous R&D activities and investments have been done by government to create advanced and innovative kitchen and home appliances such as smart refrigerators, which would be energy efficient in the long term. Furthermore, the growing investments towards sustainability in manufacturing kitchen and home appliances that would produce fewer emissions further contribute to the augmented demand for white goods. This, in turn, is anticipated to provide an opportunity for the market.

·       Increasing demand for evolving electronic brands with new and advanced technologies

The electronics industry is normally divided between electric utilities, consumer electronics, and general electronics, where consumer electronics mainly drive the growth of this sector, including kitchen appliances and smart home.  The increasing demand for smartphones, voice recognition technology, artificial intelligence, and replacement cycles of old and manual machines have stimulated the usage of smart electronic devices. The highly mature and competitive home appliance sector has long focused on product innovation. Moreover, advanced technology development and increasing e-commerce activities in manufacturing electronic goods in the smart home appliance sector have augmented the demand for white goods. This, in turn, is anticipated to enhance the market growth.

Competitive Landscape and White Goods Market Share Analysis

The white goods market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to white goods market.

Some of the major players operating in the white goods market are:

·       Friedr. Dick GmbH & Co (Germany)

·       GLOBAL APPLIANCES USA (U.S.)

·       KAI USA LTD (U.S.)

·       Kiya corp. (Japan)

·       Messermeister (Germany)

·       Victorinox AG (Switzerland)

·       Anker Innovation Technology Co., Ltd. (China)

·       Samsung Electronics Co., Ltd (South Korea)

·       Shenzhen Proscenic Technology Co. Ltd. (China)

·       Neato Robotics, Inc. (U.S.)

·       Cecotec Innovaciones S.L. (Spain)

·       L.G. Electronics Inc (South Korea)

·       Dyson Limited (U.K.)

·       Panasonic Corporation (Japan)           

·       Sharp Corporation (U.S.)

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MAJOR TOC OF THE REPORT

Ø  Chapter One: Introduction

Ø  Chapter Two: Market Segmentation

Ø  Chapter Three: Market Overview

Ø  Chapter Four: Executive Summary

Ø  Chapter Five: Premium Insights

Ø  Chapter Six: India White Goods Market by Product & Procedure type

Get TOC Details: https://www.databridgemarketresearch.com/toc/?dbmr=india-white-goods-market

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