India Washing Machine Market Bwc20002

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India Washing Machine Market, By Type (Sheet Door, Glass Door), By Product (Fully Automatic, Semi-Automatic, Dryer), By Capacity (Below 6 Kg, 6.1-8 Kg, Above 8 Kg), By Technology (Smart Connected, Conventional, By End-User (Commercial, Residential), By Distribution Channel (Supermarket and Hypermarket, Specialty Store, Department Store, E-Commerce), By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

Published Date: April 2024
Report ID: BWC20002
Available Format: PDF
Page: 235

Report Overview

Rising per capita spending, increasing awareness of environmental sustainability, and government initiatives promoting electrification and subsidies for home appliances. are expected to drive the growth of the India Washing Machine market during the forecast period between 2024 and 2030.

India Washing Machine Market – Industry Trends & Forecast Report, 2030

India Washing Machine Market size was estimated at USD 3.83 billion in 2023. During the forecast period between 2024 and 2030, the India Washing Machine Market size is projected to grow at a CAGR of 9.34% reaching a value of USD 5.42 billion by 2030. The India Washing Machine market is experiencing substantial growth, primarily fueled by the due to. The substantial growth in the India Washing Machine market is primarily fueled by rising per capita disposable income and private consumption, positioning India as one of the largest markets for electronic products globally. With domestic production of electronics valued at $101 billion in FY23, including segments like Mobile Phones, IT Hardware, Consumer Electronics, and more, this robust electronic manufacturing ecosystem contributes significantly to the growth of the washing machine market. The availability of a diverse range of electronic products, including washing machines, manufactured locally, not only enhances consumer choices but also ensures affordability, quality, and technological advancements in appliances like washing machines, thereby driving market expansion and meeting the increasing demand for innovative and efficient home appliances in India.

India Washing Machine Market

Washing Machine – Overview

A washing machine, also known as a laundry machine or clothes washer, is a household appliance used to clean laundry efficiently. Unlike dry cleaning methods that use alternative cleaning fluids, washing machines utilize water and laundry detergent. The user adds detergent in liquid, powder, or sheet form to the wash water, which is then agitated to clean the clothes. Historically, washing clothes involved labor-intensive manual processes like soaking, scrubbing, and rinsing, but the invention of washing machines revolutionized this task. Modern washing machines come with various advanced features such as water jets, steam nozzles, and special drum designs to enhance washing efficiency and reduce cycle times. Additionally, some models include innovative elements like titanium or ceramic heating elements to prevent calcium buildup and can heat water to high temperatures.

India Washing Machine Market

Growth Drivers

Rising disposable income

The India washing machine market is on a trajectory of significant growth, primarily propelled by the rising disposable income levels across the country. According to Invest India 2023 data, an estimated 8% of Indians are projected to earn more than $12,000 annually by 2026. This increase in disposable income is driving a shift towards automated appliances like washing machines as households prioritize convenience and efficiency. With more financial resources available, consumers are increasingly inclined to invest in modern home appliances, particularly washing machines. Urbanization, changing lifestyles, and a heightened focus on hygiene are additional factors contributing to the market's momentum. Manufacturers are actively innovating to meet diverse consumer preferences, offering a wide range of features and price points to capture a larger market share. The synergy of rising disposable income and evolving consumer demands is expected to drive robust growth in the India washing machine market in the foreseeable future, making it a lucrative and dynamic industry poised for further expansion and innovation.

Challenges

Increasing competition from both domestic and international brands

The India washing machine market is facing stiff competition from both local and foreign brands, which is a major obstacle to its growth. As the market expands rapidly and demand for advanced laundry solutions increases, domestic companies are not only competing with established local brands but also with global giants entering the market. The intensified competition puts pressure on domestic brands to continually innovate, improve product quality, and offer competitive pricing to maintain their market share. Moreover, international brands come with established reputations, advanced technologies, and extensive marketing budgets, making it increasingly challenging for local players to sustain their foothold in the market. To overcome these challenges, Indian washing machine manufacturers must concentrate on leveraging their strengths, such as understanding local consumer preferences, providing tailored solutions, and investing in research and development to remain competitive in the fiercely competitive landscape. Additionally, building strong distribution networks, enhancing after-sales services, and exploring strategic partnerships could also prove crucial in navigating the challenges posed by increasing competition and sustaining growth in the India washing machine market.

India Washing Machine Market

Segmental Coverage

India Washing Machine Market – By Type

Based on type, the India washing machine market is segmented into sheet door and glass door. The glass door segment is anticipated to hold a significant share of the India washing machine market during the forecast period due to the increasing demand for aesthetically pleasing and modern home appliances. Additionally, advancements in technology have led to the development of durable and high-quality glass materials that offer transparency and durability, enhancing the overall appeal of washing machines equipped with glass doors. Furthermore, the increasing penetration of online retail channels and the availability of a wide range of options in the glass door segment further augments its market share, as consumers can conveniently compare features and prices before making a purchase decision.

India Washing Machine Market Share

India Washing Machine Market – By Product

Based on product, the India washing machine market is fully automatic, semi-automatic washing machine and dryer. The fully automatic segment is expected to hold a substantial market share owing to its increasing popularity and practicality. With features like automatic washing, rinsing, and spinning cycles, fully automatic machines offer users a seamless laundry experience. This segment appeals to consumers seeking convenience and time-saving solutions in their daily chores. Additionally, advancements in technology have led to the development of energy-efficient models, further boosting the appeal of fully automatic washing machines. The rising urban population and changing lifestyles, characterized by hectic schedules, further fuel the demand for such automated appliances. As a result, the fully automatic segment is expected to maintain a significant market share in India's dynamic washing machine market landscape.

India Washing Machine Market – By Capacity

Based on capacity, the India washing machine market is below 6 kg, 6.1-8 kg and above 8 kg. The 6.1-8 kg segment is expected to hold a substantial market share owing to its versatility and suitability for a wide range of households. This segment caters to the needs of small to medium-sized families, offering ample capacity for their laundry requirements. With the growing trend of nuclear families and urbanization, there is an increasing demand for washing machines within this capacity range. Additionally, technological advancements have led to the development of efficient and feature-rich models within this segment, further driving its popularity. The 6.1-8 kg segment strikes a balance between capacity and energy efficiency, making it an attractive choice for consumers seeking reliable and cost-effective washing solutions. As a result, it is anticipated to maintain a significant share in India's competitive washing machine market landscape.

India Washing Machine Market – By Region

The in-depth research report on the India washing machine market covers several major countries across the region: North India, South India, East India, and West India. North India region is projected to be the dominant region in the India washing machine market. This region encompasses densely populated urban areas where the demand for washing machines is high due to changing lifestyles, increasing disposable income, and growing urbanization. Additionally, North India experiences extreme weather conditions, including hot summers and cold winters, which necessitate frequent laundry needs throughout the year, further driving the demand for washing machines. Moreover, the presence of major metropolitan cities and burgeoning middle-class populations in states like Delhi, Uttar Pradesh, and Punjab contributes significantly to the region's market dominance. As a result, the North India region is expected to lead the way in shaping the trajectory of the Indian washing machine market.

Competitive Landscape

Major players operating in the India Washing Machine Market include LG Electronics India Pvt. Ltd., Samsung India Electronics Ltd, Whirlpool, GodreJ, Haier Group Corporation, Electrolux, IFB, Midea, Intex, Bosch, Samsung, Voltas Limited, Havells India Ltd and Other Prominent Players. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

In January 2024- Aiwa India launched the Sentakki semi-automatic washing machine. The washing machine is meant to dry, clean, and wash delicate textiles. The Sentakki series, priced between Rs 14,999 and Rs 21,990, includes semi-loaded variants with capacities of 7.5kg, 8.5kg, and 9.5kg. The Sentakki semi-automatic washing machine includes a lint filter, aqua jet pusher, sanitizer, shock resistance panel, and more.
In October 2023- TCL, a global leader in the television and home appliances business, introduced a new line of fully automatic and semi-automatic washing machines (/topic/semiautomatic-washing-machines) at a meeting in Hyderabad. TCL, a leading brand in major appliances, has launched a new range of front-load and top-load washing machines in India.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2030
	Base Year – 2023
	Estimated Year – 2024
	Forecast Period – 2024–2030
Facts Covered	Revenue in USD Billion
Market Coverage	North India, South India, East India, West India
Product / Product Segmentation	Type, Product, Capacity, Technology, End-User, Distribution Channel and Region
Key Players	LG Electronics India Pvt. Ltd., Samsung India Electronics Ltd, Whirlpool, GodreJ, Haier Group Corporation, Electrolux, IFB, Midea, Intex, Bosch, Samsung, Voltas Limited, Havells India Ltd and Other Prominent Players

By Type

Sheet Door
Glass Door

By Product

Fully Automatic
Semi-Automatic
Dryer

By Capacity

Below 6 Kg
6.1-8 Kg
Above 8 Kg

By Technology

Smart Connected
Conventional

By End-User

Commercial
Residential

By Distribution Channel

Supermarket and Hypermarket
Specialty Store
Department Store
E-Commerce

By Region

North India
South India
East India
West India

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
India Washing Machine Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Rising disposable income
    2. Growing fashion industry
    3. Increasing urbanization
    4. Government schemes promoting electrification in rural areas and subsidies for home appliances
  2. Restraints
    1. Price sensitivity
    2. Lack of awareness particularly in rural areas
    3. Unstable power supply in some regions
  3. Opportunities
    1. Growing environmental consciousness for water-saving and energy-efficient
    2. Rise in the technological advancements
    3. Growing popularity of online shopping platforms
  4. Challenges
    1. Increasing competition from both domestic and international brands.
    2. Evolving consumer preferences for features, technology, and design necessitate
3. Technological Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
India Washing Machine Market: Pricing Analysis
India Washing Machine Market: Marketing Strategies
India Washing Machine Market Overview
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
    1. Sheet Door
    2. Glass Door
  2. By Product
    1. Fully Automatic
    2. Semi-Automatic
    3. Dryer
  3. By Capacity
    1. Below 6 Kg
    2. 6.1-8 Kg
    3. Above 8 Kg
  4. By Technology
    1. Smart Connected
    2. Conventional
  5. By End-User
    1. Commercial
    2. Residential
  6. By Distribution Channel
    1. Supermarket and Hypermarket
    2. Specialty Store
    3. Department Store
    4. E-Commerce
  7. By Region
    1. North India
    2. South India
    3. East India
    4. West India
North India Washing Machine Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Product
  3. By Capacity
  4. By Technology
  5. By End-User
  6. By Distribution Channel
South India Washing Machine Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Product
  3. By Capacity
  4. By Technology
  5. By End-User
  6. By Distribution Channel
East India Washing Machine Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Product
  3. By Capacity
  4. By Technology
  5. By End-User
  6. By Distribution Channel
West India Washing Machine Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Billion)
2. Market Share & Forecast
  1. By Type
  2. By Product
  3. By Capacity
  4. By Technology
  5. By End-User
  6. By Distribution Channel
Competitive Landscape
1. List of Key Players and Their Offerings
2. India Washing Machine Market Company Market Share Analysis, 2023
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
India Washing Machine Market: Import & Export
Impact of Escalating Geopolitical Tension on India Washing Machine Market
Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
1. LG Electronics India Pvt. Ltd.
2. Samsung India Electronics Ltd
3. Whirlpool
4. GodreJ
5. Haier Group Corporation
6. Electrolux
7. IFB
8. Midea
9. Intex
10. Bosch
11. Samsung
12. Voltas Limited
13. Havells India Ltd
14. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Country
5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1 India Washing Machine Market Segmentation

Figure 2 India Washing Machine Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2023

Figure 4 India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Figure 5 India Washing Machine Market Share, By Type, By Value (USD Billion), 2019-2030

Figure 6 India Washing Machine Market Share, By Product, By Value (USD Billion), 2019-2030

Figure 7 India Washing Machine Market Share, By Capacity, By Value (USD Billion), 2019-2030

Figure 8 India Washing Machine Market Share, By Technology, By Value (USD Billion), 2019-2030

Figure 9 India Washing Machine Market Share, By End-User, By Value (USD Billion), 2019-2030

Figure 10 India Washing Machine Market Share, By Region, By Value (USD Billion), 2019-2030

Figure 11 North India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Figure 12 North India Washing Machine Market Share, By Type, By Value (USD Billion), 2019-2030

Figure 13 North India Washing Machine Market Share, By Product, By Value (USD Billion), 2019-2030

Figure 14 North India Washing Machine Market Share, By Capacity, By Value (USD Billion), 2019-2030

Figure 15 North India Washing Machine Market Share, By Technology, By Value (USD Billion), 2019-2030

Figure 16 North India Washing Machine Market Share, By End-User, By Value (USD Billion), 2019-2030

Figure 17 South India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Figure 18 South India Washing Machine Market Share, By Type, By Value (USD Billion), 2019-2030

Figure 19 South India Washing Machine Market Share, By Product, By Value (USD Billion), 2019-2030

Figure 20 South India Washing Machine Market Share, By Capacity, By Value (USD Billion), 2019-2030

Figure 21 South India Washing Machine Market Share, By Technology, By Value (USD Billion), 2019-2030

Figure 22 South India Washing Machine Market Share, By End-User, By Value (USD Billion), 2019-2030

Figure 23 East India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Figure 24 East India Washing Machine Market Share, By Type, By Value (USD Billion), 2019-2030

Figure 25 East India Washing Machine Market Share, By Product, By Value (USD Billion), 2019-2030

Figure 26 East India Washing Machine Market Share, By Capacity, By Value (USD Billion), 2019-2030

Figure 27 East India Washing Machine Market Share, By Technology, By Value (USD Billion), 2019-2030

Figure 28 East India Washing Machine Market Share, By End-User, By Value (USD Billion), 2019-2030

Figure 29 West India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Figure 30 West India Washing Machine Market Share, By Type, By Value (USD Billion), 2019-2030

Figure 31 West India Washing Machine Market Share, By Product, By Value (USD Billion), 2019-2030

Figure 32 West India Washing Machine Market Share, By Capacity, By Value (USD Billion), 2019-2030

Figure 33 West India Washing Machine Market Share, By Technology, By Value (USD Billion), 2019-2030

Figure 34 West India Washing Machine Market Share, By End-User, By Value (USD Billion), 2019-2030

List of Tables

Table 1 India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Table 2 India Washing Machine Market Size, By Type, By Value (USD Billion), 2019-2030

Table 3 India Washing Machine Market Size, By Product, By Value (USD Billion), 2019-2030

Table 4 India Washing Machine Market Size, By Capacity, By Value (USD Billion), 2019-2030

Table 5 India Washing Machine Market Size, By Technology, By Value (USD Billion), 2019-2030

Table 6 India Washing Machine Market Size, By End-User, By Value (USD Billion), 2019-2030

Table 7 India Washing Machine Market Size, By Region, By Value (USD Billion), 2019-2030

Table 8 North India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Table 9 North India Washing Machine Market Size, By Type, By Value (USD Billion), 2019-2030

Table 10 North India Washing Machine Market Size, By Product, By Value (USD Billion), 2019-2030

Table 11 North India Washing Machine Market Size, By Capacity, By Value (USD Billion), 2019-2030

Table 12 North India Washing Machine Market Size, By Technology, By Value (USD Billion), 2019-2030

Table 13 North India Washing Machine Market Size, By End-User, By Value (USD Billion), 2019-2030

Table 14 South India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Table 15 South India Washing Machine Market Size, By Type, By Value (USD Billion), 2019-2030

Table 16 South India Washing Machine Market Size, By Product, By Value (USD Billion), 2019-2030

Table 17 South India Washing Machine Market Size, By Capacity, By Value (USD Billion), 2019-2030

Table 18 South India Washing Machine Market Size, By Technology, By Value (USD Billion), 2019-2030

Table 19 South India Washing Machine Market Size, By End-User, By Value (USD Billion), 2019-2030

Table 20 East India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Table 21 East India Washing Machine Market Size, By Type, By Value (USD Billion), 2019-2030

Table 22 East India Washing Machine Market Size, By Product, By Value (USD Billion), 2019-2030

Table 23 East India Washing Machine Market Size, By Capacity, By Value (USD Billion), 2019-2030

Table 24 East India Washing Machine Market Size, By Technology, By Value (USD Billion), 2019-2030

Table 25 East India Washing Machine Market Size, By End-User, By Value (USD Billion), 2019-2030

Table 26 West India Washing Machine Market Size, By Value (USD Billion), 2019-2030

Table 27 West India Washing Machine Market Size, By Type, By Value (USD Billion), 2019-2030

Table 28 West India Washing Machine Market Size, By Product, By Value (USD Billion), 2019-2030

Table 29 West India Washing Machine Market Size, By Capacity, By Value (USD Billion), 2019-2030

Table 30 West India Washing Machine Market Size, By Technology, By Value (USD Billion), 2019-2030

Table 31 West India Washing Machine Market Size, By End-User, By Value (USD Billion), 2019-2030

Table 31 ideaForge Technology Pvt. Ltd Company Overview

Table 32 ideaForge Technology Pvt. Ltd Financial Overview

Table 33 Asteria Aerospace Pvt. Ltd Company Overview

Table 34 Asteria Aerospace Pvt. Ltd Financial Overview

Table 35 Throttle Aerospace Systems Pvt. Ltd Company Overview

Table 36 Throttle Aerospace Systems Pvt. Ltd Financial Overview

Table 37 Adani Defence & Aerospace Company Overview

Table 38 Adani Defence & Aerospace Financial Overview

Table 39 UrbanMatrix Technologies Company Overview

Table 40 UrbanMatrix Technologies Financial Overview

Table 41 General Aeronautics Company Overview

Table 42 General Aeronautics Financial Overview

Table 43 EDALLSYSTEMS Company Overview

Table 44 EDALLSYSTEMS Financial Overview

Table 45 Dronix Technologies Private Limited Company Overview

Table 46 Dronix Technologies Private Limited Financial Overview

Table 47 Marut Washing Machinetech Private Limited Company Overview

Table 48 Marut Washing Machinetech Private Limited Financial Overview

Table 49 CerebroSpark Company Overview

Table 50 CerebroSpark Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

1. What is the current market size of the India Washing Machine Market?

Ans: India Washing Machine Market size was estimated at USD 3.83 billion in 2023.

2. What is the expected growth rate of the India Washing Machine Market during the forecast period?

Ans: India Washing Machine Market is expected to grow at a CAGR of 9.34% during the forecast period between 2024 and 2030.

3. What is the forecast value of the India Washing Machine Market size by 2030?

Ans: India Washing Machine Market size is forecast to reach a value of USD 5.42 billion by 2030.

4. What are the major factors driving the growth of the India Washing Machine Market?

Ans: The growth of the India washing machine market is primarily driven by rising disposable income, growing fashion industry, increasing urbanization and government schemes promoting electrification in rural areas and subsidies for home appliances.

5. What are the major factors restraining the growth of the India Washing Machine Market?

Ans: The major factors that are expected to restrain the growth of the India washing machine market are price sensitivity, lack of awareness particularly in rural areas and unstable power supply in some regions.

6. Name the key players in the India Washing Machine Market.

Ans: Key players in the India washing machine market include LG Electronics India Pvt. Ltd., Samsung India Electronics Ltd, Whirlpool, GodreJ, Haier Group Corporation, Electrolux, IFB, Midea, Intex, Bosch, Samsung, Voltas Limited, Havells India Ltd and Other Prominent Players.

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India Washing Machine Market Bwc20002

India Washing Machine Market Bwc20002

Report Overview

Market Segmentation

To request a free sample copy of this report, please complete the form below.

Frequently Asked Questions (FAQs):

1. What is the current market size of the India Washing Machine Market?

2. What is the expected growth rate of the India Washing Machine Market during the forecast period?

3. What is the forecast value of the India Washing Machine Market size by 2030?

4. What are the major factors driving the growth of the India Washing Machine Market?

5. What are the major factors restraining the growth of the India Washing Machine Market?

6. Name the key players in the India Washing Machine Market.

7. Which segment accounts for a major market share in the India Washing Machine Market by type?

8. Which is the fastest-growing product segment in the India Washing Machine Market?

9. Name the fastest growing Region in the India Washing Machine Market during the forecast period.

10. Name the dominating region in the India Washing Machine Market during the forecast period.

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