The India built-in kitchen appliances market is expected to reach USD601.18 million by 2028, growing at a CAGR of 8.83% during the forecast period. In India, the built-in kitchen appliances market is mainly driven by increasing demand from the residential sector, increasing GDP, growing per capita income, and the surge in sales through e-commerce, etc.
Built-In kitchen appliances are kitchen appliances built into the cabinetry or walls of a modern kitchen, giving it a uniform, integrated aspect. They cannot be moved because they are permanently installed in the kitchen. Built-in kitchen appliances are suited for both large and small kitchens. Built-in kitchen appliances are more ergonomic because they are compact, easy to operate, and safe. They also save time spent on cooking and cleaning. Such factors are prompting consumers to purchase these products.
The significant rise in the residential sector, which is the primary end-user of built-in kitchen appliances, can be attributed to the market's predicted growth. Built-in kitchen appliances are becoming more popular in the residential market with the rise in living standards of the population in India. These appliances also facilitate seamless kitchen operations. Furthermore, the rising adoption of energy-efficient appliances, combined with market participants' increased focus on low-energy-consuming gadget development, and is expected to boost market growth over the forecast period and beyond.
The production and manufacturing of built-in kitchen appliances were hampered during the COVID-19 pandemic. With the suspension in production activity, both demand and supply in the built-in kitchen appliances market dropped considerably, negatively influencing market growth for a short period.
Rising Standards of Livelihoods is Fueling the Market Growth
The increasing income level, India's improving living standards, and the growing variety of offers and discounts from key market participants are influencing the demand for built-in kitchen appliances within the Indian market. Also, to cater to national needs, the key market participants focus on manufacturing within the country and decreasing imports. Furthermore, companies are offering their products in equal monthly installments (EMI) to make them more affordable for customers of all income levels. Such factors are expected to influence the increase in built-in kitchen appliance sales in India.
Availability of Improves Finance Options
Flexible payment alternatives are becoming more widely found at in the Indian market for built-in kitchen appliances. Customers can now purchase built-in kitchen equipment with the help of simple financing solutions offered by financial institutions. In India, the availability of various financing options is driving up sales of built-in kitchen appliances. Consumers can buy built-in kitchen appliances with credit cards, easy monthly installment (EMI) schemes, and other financing options in addition to cash payments. This, together with increased consumer purchasing power in India, is projected to be a positive indicator for players in India's built-in kitchen appliances market.
Metropolitan Cities Driving the Market Growth
In India's built-in kitchen appliances market, the metropolitan area accounted for a large portion of the overall revenue. The buying power of urban Indians has increased as they opt for products and services that serve as a style statement or status symbol. Also, with the increase in the working population around the nation, the demand for convenient and time-saving products is becoming a top priority. This factor is anticipated to further propel the growth of the built-in kitchen appliances market across the country.
Rising Concept of Modular Kitchen
The India built-in kitchen appliances market has seen substantial growth due to factors such as increased social media presence, integrated design components, and consumers' desire to create a united living space by selecting distinctive hues, finishes, metals, and design features. People are willing to spend money on built-in kitchen appliances to complement the aesthetics of the kitchen, attributed to the increasing popularity of the modular kitchen concept. This factor is projected to further boost the sales of built-in kitchen appliances around the nation in the future years.
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Market Segmentation
The India built-in kitchen appliances market is segmented based on product type, end distribution channel, region, and competitional landscape. Based on product type, the market is categorized by built-in hobs, built-in hoods, built-in ovens & microwaves, built-in dishwashers, built-in refrigerator, and others (built-in coffee machines, built-in barbeque griller, etc.) Based on distribution channel, the market is segmented into contract sales, multi-branded retailers, exclusive retailers, and online. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among north, west, south, and east regions.
Company Profiles
Whirlpool of India Ltd., BSH Household Appliances Manufacturing Private Limited, Franke Faber India Private Limited, Hafele India Private Limited, Miele India Pvt. Ltd., Samsung India Electronics Private Limited, Haier Smart Home Co., Ltd, Kaff Appliances (India) Private Limited, IFB Appliances LTD, BlowHot Kitchen Appliances Pvt. Ltd., and others are among the major market players in the built-in kitchen appliances industry that led the market growth of the India built-in kitchen appliances market.
Attribute | Details |
Market Size Value in FY2022 | USD370.09 Million |
Revenue Forecast in FY2028F | USD601.18 Million |
Growth Rate | 8.83% |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023E |
Forecast Period | 2024F– 2028F |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027F |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Product Type · Distribution Channel · Region |
Regional Scope | North, West, South, East |
Key Companies Profiled | Whirlpool of India Ltd., BSH Household Appliances Manufacturing Private Limited, Franke Faber India Private Limited, Hafele India Private Limited, Miele India Pvt. Ltd., Samsung India Electronics Private Limited, Haier Smart Home Co., Ltd, Kaff Appliances (India) Private Limited, IFB Appliances LTD, BlowHot Kitchen Appliances Pvt. Ltd., etc. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |