India Built-In Kitchen Appliances Market Overview, 2028

India Built-In Kitchen Appliances Market Overview, 2028

Actual Market Research 31-12-2022 58 Pages Figures : 4 Tables : 10 Region : Asia-Pacific Country : India Category : Consumer Goods & Services Appliances & Equipment

Built-in kitchen appliances are built into the cabinetry or walls of a modern kitchen, giving it a consistent, integrated look. Because they are permanently mounted in the kitchen, they cannot be moved. Built-in appliances are appropriate for both large and small kitchens. Because they are compact, easy to use, and safe, built-in kitchen appliances are more ergonomic. They also reduce the amount of time spent on cooking and cleaning. These variables are causing people to buy these products. Also, the thriving food business is driving up demand for commercial kitchens. Built-in kitchen appliances are a fantastic addition to any business or home kitchen. They are built of high-quality; long-lasting materials and can readily withstand the high demand that occurs during the day. It includes microwaves, dishwashers, wine refrigerators, and other facilities that help kitchen professionals satisfy the expanding demand of customers. The major market players in the built-in kitchen appliances sector that drove the market growth of the India built-in appliance market include 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. According to the research report, “India Built-in kitchen appliances Market Overview, 2028” published by Bonafide Research, the market is projected to add USD 199.84 Million by 2028. Built-in kitchen appliances have become an essential part of modern life. Today, the market is replete with a range of appliances designed to suit various requirements of consumers across the country for the preparation of homemade food. Key factors driving growth in the market include increasing numbers of working women, rapid urbanization, a growing number of households, a rise in dual-income nuclear families, improving standards of living, rising disposable income, and higher per-capita spending on lifestyle stuff. The anticipated expansion of the market can be attributed to the large increase in the residential sector, which is the key end-user of built-in kitchen appliances. With rising living standards in India, built-in kitchen appliances are becoming increasingly popular in the home market. These appliances also make kitchen operations more efficient. Furthermore, rising energy-efficient appliance adoption, combined with the increased focus on low-energy gadget development by market participants, is expected to drive market growth over the forecast period and beyond. Furthermore, businesses are making their products available in equal monthly installments (EMI) to make them more affordable to clients of all income levels. Such variables are likely to have an impact on the increase in built-in kitchen appliance sales in India. Flexible payment options for built-in kitchen equipment are becoming more widely available in the Indian market. Customers can now buy built-in kitchen equipment using simple financing options provided by banking institutions. This, together with growing consumer purchasing power in India, is expected to be a positive indicator for companies in the built-in kitchen appliances market in India. According to the World Bank, India has a population of 1.39 Billion people, with 723.9 million men and 669.4 million women. 361.4 million People are under the age of 14, and 931.3 million are between the ages of 15 and 64. There are 8.2 million urban residents and 2.3 million rural residents. India’s GDP in 2021 was $3.17 trillion with a per capita income of US$2,277.4 and the inflation rate was 5.1% in FY 2021. The urban area accounted for a major share of the overall income in India's built-in kitchen appliances market. Urban Indians' purchasing power has expanded as they select products and services that act as fashion statements or status symbols. Furthermore, as the working population in the country grows, the demand for easy and time-saving solutions is becoming a major priority. This aspect is expected to fuel the growth of the built-in kitchen appliance market throughout the country. Recent Development: On September 27, 2021, Whirlpool increased its stake in Elica PB India, a kitchen appliance manufacturer, from 49% to 87% for USD 57 million. Whirlpool India purchased a controlling share in Elica PB India and merged Elica PB India's financial records. This agreement is expected to be completed by the end of September 2021, according to the release. Whirlpool India first acquired 49% of Elica PB India in 2018. Covid-19 Impact: The spread of COVID-19 contributed to the decline of the India Built-in kitchen appliances market on the back of disturbances in the supply chain and discontinuation of production. Moreover, consequent disruptions in the operations in the lockdown period in the country dipped the sales revenue for many of the top Built-in kitchen appliances brands in the near term and significantly contribute towards the slow growth of the India Built-in kitchen appliances market in the coming years. Considered in this report • Geography: India • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • India's Built-in kitchen appliances market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product • Built-In Ovens • Built-In Hobs • Built-In Hoods • Built-In Refrigerators • Built-In Dishwashers • Others (Trash can cabinet, Built-in coffee maker, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Built-in kitchen appliances industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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