Analysis of the Indian Smart Kitchen Appliances Market, Forecast to FY2026

Analysis of the Indian Smart Kitchen Appliances Market, Forecast to FY2026

High Disposable Income and the Growing Luxury Real-estate Market are Fueling Demand for Smart Kitchen Appliances

RELEASE DATE
21-Jun-2019
REGION
South Asia, Middle East & North Africa
Research Code: PA7D-01-00-00-00
SKU: EN01132-SA-MR_23231

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Description

The Indian smart kitchen appliances market, which includes refrigerators, ovens, hoods, blenders, coffee makers, scales, cookers and dishwashers, is estimated to increase revenue at cumulative annual growth rate (CAGR) of 11.8%; unit shipments will increase at a CAGR of 10.5% during FY2019–FY2026. The study is segmented based on the product types and region (North, South, East, and West). The base year for the study is FY2019 and the forecast period is FY 2020 to FY 2026. With 88.8% of the market, the smart refrigerator segment accounted for the majority of the Indian smart kitchen appliances market during the forecast period. The study also includes an assessment of customer perspectives, including:
• Factors influencing and affecting the purchasing decision
• Features preferred in a smart kitchen appliance
• Brand preferred
• Perceived benefits of smart kitchen appliances
• Most appealing smart kitchen appliance
• Appliances currently owned and
• Timeline to buy new appliances

A survey of selected respondents revealed that the smart kitchen appliances market lies largely untapped in India with many households yet to make their first smart kitchen appliance purchase; this makes it a potential gold mine of opportunity.

Smart kitchen appliances are devices that can be connected to wireless Internet or Bluetooth and can be controlled or monitored through remote commands using a smartphone or a tablet. These appliances allow monitoring, control, optimization, and autonomy. The study focuses on residential smart kitchen appliances in India.

Revenue calculations are based on products sold in India, either manufactured in India or imported into India. Exports do not form a part of revenue estimates. Forecast assumptions have been derived through data collected from secondary sources, primary interviews, and discussions with distributors and retailers from several cities from different regions to identify drivers and restraints of growth. Where available, statements from company officials and their expected growth rate and forecast about the future have been incorporated into the analyses.

Some of the smart kitchen appliance companies in the Indian market include LG, Samsung, Siemens, Gaggenau Hausgeräte, Newell brands, Electrolux, and Nescafe. With not more than 15 companies in the market in FY 2019, cost, brand image and technological features are some of the key competitive factors influencing the purchasing decision of consumers.

Key Issues Addressed

  • Is the market growing, how long will it continue to grow, and at what rate?
  • What is the current market size and segmentation by type of technology and region?
  • What is the future growth potential of smart kitchen appliances in India? What will be the major drivers and trends impacting the market?
  • What are the industry structure and competitive environment of the Indian smart kitchen appliances market?
  • What are the growth opportunities for new entrants as well as existing market participants?

Author: Rajalingam Arikaarampalayam Chinnasamy

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Key Findings

Key Findings (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Market Definitions

Key Questions this Study will Answer

Market Segmentation

Market Distribution Channels

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Restraints Explained (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

Forecast Assumptions

Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Pricing Trends Discussion

Market Share

Market Share Analysis

Competitive Environment

Top Competitors

Product Highlights

Product Highlights (continued)

Product Highlights (continued)

Product Highlights (continued)

Competitive Factors and Assessment

Growth Opportunity 1—Creating Awareness and Offering Financing Options

Growth Opportunity 2—Strategic Partnerships

Growth Opportunity 3—GenY, Online Presence and Cost Savings

Growth Opportunity 4—Seamless Interoperability of Devices

Growth Opportunity 5—Expanding to Commercial Segment

Growth Opportunity 6—Mining Customer Insights

Strategic Imperatives for Success and Growth

Mega Trend Impact on the Smart Kitchen Appliances Market

Mega Trend Impact on the Smart Kitchen Appliances Market (continued)

Mega Trend Impact on the Smart Kitchen Appliances Market (continued)

Mega Trend Impact on the Smart Kitchen Appliances Market (continued)

Refrigerators Segment—Key Findings

Refrigerators Segment—Market Engineering Measurements

Refrigerators Segment—Unit Shipment and Revenue Forecast

Refrigerators Segment—Unit Shipment and Revenue Forecast Discussion

Coffee Makers Segment—Key Findings

Coffee Makers Segment—Market Engineering Measurements

Coffee Makers Segment—Unit Shipment and Revenue Forecast

Coffee Makers Segment—Unit Shipment and Revenue Forecast Discussion

Dishwashers Segment—Key Findings

Dishwashers Segment—Market Engineering Measurements

Dishwashers Segment—Unit Shipment and Revenue Forecast

Dishwashers Segment—Unit Shipment and Revenue Forecast Discussion

Cookers Segment—Key Findings

Cookers Segment—Market Engineering Measurements

Cookers Segment—Unit Shipment and Revenue Forecast

Unit Shipment and Revenue Forecast Discussion

Blenders Segment—Key Findings

Blenders Segment—Market Engineering Measurements

Blenders Segment—Unit Shipment and Revenue Forecast

Blenders Segment—Unit Shipment and Revenue Forecast Discussion

Other Appliances Segment—Key Findings

Other Appliances Segment—Market Engineering Measurements

Other Appliances Segment—Unit Shipment and Revenue Forecast

Other Appliances Segment—Unit Shipment and Revenue Forecast Discussion

North India—Key Findings

Revenue Forecast

Revenue Forecast Discussion

South India—Key Findings

Revenue Forecast

Revenue Forecast Discussion

East India—Key Findings

Revenue Forecast

Revenue Forecast Discussion

West India—Key Findings

Revenue Forecast

Revenue Forecast Discussion

Customer Perspective Summary

Customer Perspective Summary (continued)

Customer Perspective Summary (continued)

Customer Perspective Summary (continued)

Customer Perspective Summary (continued)

Customer Perspective Summary (continued)

Customer Perspective Summary (continued)

Customer Perspective Summary (continued)

Customer Perspective Summary (continued)

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Companies in “Others”

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Related Research
The Indian smart kitchen appliances market, which includes refrigerators, ovens, hoods, blenders, coffee makers, scales, cookers and dishwashers, is estimated to increase revenue at cumulative annual growth rate (CAGR) of 11.8%; unit shipments will increase at a CAGR of 10.5% during FY2019–FY2026. The study is segmented based on the product types and region (North, South, East, and West). The base year for the study is FY2019 and the forecast period is FY 2020 to FY 2026. With 88.8% of the market, the smart refrigerator segment accounted for the majority of the Indian smart kitchen appliances market during the forecast period. The study also includes an assessment of customer perspectives, including: • Factors influencing and affecting the purchasing decision • Features preferred in a smart kitchen appliance • Brand preferred • Perceived benefits of smart kitchen appliances • Most appealing smart kitchen appliance • Appliances currently owned and • Timeline to buy new appliances A survey of selected respondents revealed that the smart kitchen appliances market lies largely untapped in India with many households yet to make their first smart kitchen appliance purchase; this makes it a potential gold mine of opportunity. Smart kitchen appliances are devices that can be connected to wireless Internet or Bluetooth and can be controlled or monitored through remote commands using a smartphone or a tablet. These appliances allow monitoring, control, optimization, and autonomy. The study focuses on residential smart kitchen appliances in India. Revenue calculations are based on products sold in India, either manufactured in India or imported into India. Exports do not form a part of revenue estimates. Forecast assumptions have been derived through data collected from secondary sources, primary interviews, and discussions with distributors and retailers from several cities from different regions to identify drivers and restraints of growth. Where available, statements from company officials and their expected growth rate and forecast about the future have been incorporated into the analyses. Some of the smart kitchen appliance companies in the Indian market include LG, Samsung, Siemens, Gaggenau Hausgeräte, Newell brands, Electrolux, and Nescafe. With not more than 15 companies in the market in FY 2019, cost, brand image and technological features are some of the key competitive factors influencing the purchasing decision of consumers.--BEGIN PROMO--

Key Issues Addressed

  • Is the market growing, how long will it continue to grow, and at what rate?
  • What is the current market size and segmentation by type of technology and region?
  • What is the future growth potential of smart kitchen appliances in India? What will be the major drivers and trends impacting the market?
  • What are the industry structure and competitive environment of the Indian smart kitchen appliances market?
  • What are the growth opportunities for new entrants as well as existing market participants?

Author: Rajalingam Arikaarampalayam Chinnasamy

More Information
No Index No
Podcast No
Author Rajalingam Chinnasamy
Industries Environment
WIP Number PA7D-01-00-00-00
Is Prebook No
GPS Codes 9200-A3,9592,9B07-C1