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Market Outlook on India Washing Machine Industry to 2021

  • Date Submitted: 11/30/2015 10:29 PM
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Market reports on India presents the latest report on “Market Outlook on India Washing Machine Industry to 2021” http://www.marketreportsonindia.com/consumer-goods-market-research-reports-12839/india-washing-machine.html The report provides washing machine market is segmented in two categories viz. semi automatic and fully automatic.

01st Dec 2015, – Navi Mumbai, India: Market reports on India presents the latest report on “Market Outlook on India Washing Machine Industry to 2021” . Technology and innovations are likely to play a key role in increasing the market share of organized players.

The India washing market increased with a CAGR of 22.24% from 2009-14 and it is expected to grow more in upcoming years. Some of the major players in the category of washing machine market are LG, Samsung, whirlpool, Videocon, IFB, and Onida. LG, Videocon and Samsung continue to dominate the overall washing machine market. With regards to zone, the northern part of India has largest share of the market, followed by the southern region. North India prefers semi automatic machines whereas in South India the fully automatic ones are more preferred.

“India Washing Machine Market Outlook 2021”, the washing machine market is segmented in two categories viz. semi automatic and fully automatic. Both the categories have grown significantly; fully and semi automatic sub category is growing at the CAGR of 24.07% and 14.58% respectively. Fully automatic market is further divided into front load and top load washing machine out of which top load washing machine currently dominates the market and will continue to increase their share due to low prices. Front load washing machine market is also expected to grow due to more energy efficient and advanced features.

Opportunities that can change the dynamics of this industry are favourable government initiatives, rise in disposable income, energy efficiency and launch of upcoming new innovative models. Technology and innovations are...

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