India Kitchen Appliances Market to Reach US$ 11.4 Billion by 2032, Fostered by Increasing Adoption of Smart Kitchen Appliances

April 13, 2023 | Retail

According to the latest report by IMARC Group, titled "India Kitchen Appliances Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the India kitchen appliances market size reached US$ 5.6 Billion in 2023. Kitchen appliances refer to a wide range of electrical and mechanical devices designed for cooking, food preparation, and clean-up tasks more efficiently and conveniently. Kitchen appliances can range from simple hand-held tools, such as knives, peelers, and can openers, to more complex machines, including refrigerators, ovens, and dishwashers. They also include blenders, mixers, toasters, microwaves, coffee makers, and food processors. They offer various benefits, such as consistency, variety, convenience, healthier, safety, energy, and efficiency. These appliances are primarily operated using electricity, cooking fuel, and solar energy. In addition, they aid in saving time, costs, and energy and are available in numerous colors, styles, materials, sizes, and mechanisms. As a result, they find extensive applications in the residential and commercial sectors across India.

India Kitchen Appliances Market Trends:

The increasing adoption of smart kitchen appliances is driving the market in India. Moreover, several major companies are constantly innovating and introducing new features to their products, such as smart connectivity, digital displays, and energy-efficient technologies, thus providing a boost to the market. In line with this, continuous developments of products with inbuild features that automate meal planning, enable remote viewing of refrigerator's contents, and connect to other smart home appliances, including smartphones, enabling users to watch their favorite TV program on the refrigerator's sizable entertainment screen while preparing meals are favoring the market. Along with this, the introduction of modular and energy-efficient kitchen equipment, such as induction cooktops, speed cooking ovens, and warming drawers, is fuelling the market. Apart from this, increasing health consciousness, especially among the young population, has propelled the adoption of healthy cooking and eating habits among consumers, which, in turn, is propelling the market. Besides, with the rising home renovation projects, there is a growing demand for appliances that are not only functional but also aesthetically pleasing. Furthermore, the stringent energy efficiency norms and increasing awareness regarding the use of efficient and environmentally friendly appliances have encouraged consumers to use energy efficiently, and smart kitchen appliances, which in turn is significantly supporting the market. Besides, the increasing distribution of these appliances through online channels and the emergence of smart technologies and the Internet of Things (IoT) are fostering the market. Other factors, including the emerging e-commerce sector, increasing working population, and rising disposable incomes, are further creating a positive market outlook. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 11.4 Billion by 2032, exhibiting a growth rate (CAGR) of 8.17% during 2024-2032.

Market Summary:

On the basis of the product type, the market has been segmented into refrigerators, microwave ovens, induction stoves, dishwasher, water purifiers and others.
Based on the structure, the market has been bifurcated into built-in and free stand.
On the basis of the fuel type, the market has been categorized into cooking gas, electricity, and others.
Based on the distribution channel, the market has been segregated into supermarkets and hypermarkets, specialty stores, online stores, departmental stores, and others.
On the basis of the application, the market has been classified into residential and commercial.
Based on the region, the market has been divided into North India, West and Central India, South India and East India.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Segment Coverage	Product Type, Structure, Fuel Type, Distribution Channel, Application, Region
Region Covered	North India, West and Central India, South India, East India
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699
Post-Sale Analyst Support	10-12 Weeks
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India Kitchen Appliances Market to Reach US$ 11.4 Billion by 2032, Fostered by Increasing Adoption of Smart Kitchen Appliances

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