Market Size of India Laundry Appliances Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 3.76 Billion |
Market Size (2029) | USD 5.43 Billion |
CAGR (2024 - 2029) | 7.65 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
India Laundry Appliances Market Analysis
The India Laundry Appliances Market size is estimated at USD 3.76 billion in 2024, and is expected to reach USD 5.43 billion by 2029, growing at a CAGR of 7.65% during the forecast period (2024-2029).
The India Laundry Appliances Market is driven by various growth drivers such as growing urbanization and increasing affordability of laundry appliances in the country further supporting the market growth over the forecast period. In the past few years, due to increasing disposable income and improved standard of living there has been robust demand for laundry appliances in the Indian market. With Technological innovations, Laundry appliances are been equipped with smart features where the user can control the appliances through their smartphones, and with sensors and AI-equipped features the appliances are becoming more automatic. Today consumers are provided with a variety of choices in the market ranging from color, shape, and design to various after-sales services, credit facilities, and other such benefits, providing comfort and a better experience to the user. The addition of such features will boost the India Laundry Appliances Market.
The global laundry appliances market is experiencing a surge in demand due to a variety of factors, such as the growing adoption of smart home technology in both developing and developed countries, the rapid expansion and modernization of IT systems, shifting demographics, and the imperative to protect the planet from hazardous waste. Brands that cater to the demands of the millennial and post-millennial generation offer a wide range of smart home appliances, ranging from sophisticated smart lights to advanced AI-enabled faucets. This trend is expected to continue to grow in the future.
India Laundry Appliances Industry Segmentation
Laundry Appliances refer to the machinery used for cleaning and maintaining laundry clothes in either the residential or commercial sector. Watching machines, Dryers, Irons, and others exist among the major used laundry appliances with technology advancement equipping them in different models and features as required by the users. India's Laundry Appliances Market is segmented by Type, by Product, by Technology, and by Distribution Channel. The market by type is further segmented into Freestanding and Built-in, and the market by product is further segmented into Washing Machines, Dryers, Electric Smoothing Irons, and Others. the market by technology is further segmented into Automatic, Semi-Automatic/ Manual, and Others. the market by distribution channel is further segmented into Supermarkets and Hypermarkets, Specialty Stores, Online, and Other Distribution Channels. The report offers market sizes and forecasts for the India Laundry Appliances Industry in values (USD) for all the above segments.
Type | |
Freestanding | |
Built in |
Product | |
Washing Machine | |
Dryers | |
Electric Smoothing Irons | |
Others |
Technology | |
Automatic | |
Semi-Automatic/ Manual | |
Others |
Distribution Channel | |
Supermarkets and Hypermarkets | |
Specialty Stores | |
Online | |
Other Distribution Channels |
India Laundry Appliances Market Size Summary
The India Laundry Appliances Market is poised for significant growth, driven by factors such as increasing urbanization and the rising affordability of laundry appliances. As disposable incomes rise and living standards improve, there has been a robust demand for laundry appliances, particularly washing machines, which are becoming more automated and efficient due to technological innovations. These advancements include smart features that allow users to control appliances via smartphones, as well as AI-equipped sensors that enhance functionality. The market is characterized by a wide range of choices in terms of design, color, and after-sales services, which contribute to a better consumer experience. This trend is expected to continue, further boosting the market's expansion over the forecast period.
The global demand for laundry appliances is also on the rise, influenced by the adoption of smart home technology and the modernization of IT systems. Brands catering to younger generations are increasingly offering advanced smart home appliances, which is expected to drive future growth. In India, the shift from semi-automatic to automatic washing machines is notable, with technological advancements leading to higher efficiency in water and electricity usage. The government's initiatives to develop rural households are anticipated to further increase demand. Major players in the market, such as Godrej & Boyce Mfg Co Ltd, LG Electronics India Pvt Ltd, Samsung India Electronics Pvt Ltd, Whirlpool of India Ltd, and Haier Appliances India Pvt Ltd, are leveraging these trends to enhance their market share through innovative product features.
India Laundry Appliances Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Urbanization is Driving the Market
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1.3 Market Restraints
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1.3.1 Raw material Cost Fluctuations
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1.4 Market Opportunities
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1.4.1 Introduction of New Technological Innovative Products
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1.5 Value Chain / Supply Chain Analysis
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1.6 Porters 5 Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Impact of Covid-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Freestanding
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2.1.2 Built in
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2.2 Product
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2.2.1 Washing Machine
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2.2.2 Dryers
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2.2.3 Electric Smoothing Irons
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2.2.4 Others
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2.3 Technology
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2.3.1 Automatic
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2.3.2 Semi-Automatic/ Manual
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2.3.3 Others
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2.4 Distribution Channel
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2.4.1 Supermarkets and Hypermarkets
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2.4.2 Specialty Stores
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2.4.3 Online
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2.4.4 Other Distribution Channels
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India Laundry Appliances Market Size FAQs
How big is the India Laundry Appliances Market?
The India Laundry Appliances Market size is expected to reach USD 3.76 billion in 2024 and grow at a CAGR of 7.65% to reach USD 5.43 billion by 2029.
What is the current India Laundry Appliances Market size?
In 2024, the India Laundry Appliances Market size is expected to reach USD 3.76 billion.