The consumer electronics and home appliances market in India is forecasted to grow at a CAGR of 10.08% during the period 2017-2021
LONDON, Nov. 21, 2017 /PRNewswire/ -- Consumer electronics and home appliances are products intended for everyday use at homes. The market is mainly driven by an increase in labor costs and product innovation in terms of technology, performance, design, and capability. The rising average dual-household incomes of consumers is the primary factor that drives the consumer electronics and home appliances market in India. With the recovery from the economic crisis of 2012, consumers have started investing heavily in products like smart consumer electronics and home appliances.
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Technavio's analysts forecast the consumer electronics and home appliances market in India to grow at a CAGR of 10.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the consumer electronics and home appliances market in India for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Technavio's report, Consumer Electronics and Home Appliances Market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
-- Electrolux
-- Haier
-- LG Electronics
-- Robert Bosch
-- SAMSUNG
-- Whirlpool
Other prominent vendors
-- Arçelik
-- Fagor America
-- Hitachi
-- Hoover Candy Group
-- iRobot
-- Koninklijke Philips
-- Midea Group
-- Miele & Cie.
-- Panasonic
-- Sears Brands
-- SMEG
-- Sony
-- TOSHIBA
-- Vestel
Market driver
-- Growth in government initiatives for electronic products
-- For a full, detailed list, view our report
Market challenge
-- Data security issues associated with smart consumer electronics and home appliances
-- For a full, detailed list, view our report
Market trend
-- Adoption of smart and advanced features in home appliances
-- For a full, detailed list, view our report
Key questions answered in this report
-- What will the market size be in 2021 and what will the growth rate be?
-- What are the key market trends?
-- What is driving this market?
-- What are the challenges to market growth?
-- Who are the key vendors in this market space?
You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.
Download the full report: https://www.reportbuyer.com/product/5207119
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