Market Size of India Laundry Appliances Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.76 Billion |
| Market Size (2029) | USD 5.43 Billion |
| CAGR (2024 - 2029) | 7.65 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Laundry Appliances Market Analysis
The India Laundry Appliances Market size is estimated at USD 3.76 billion in 2024, and is expected to reach USD 5.43 billion by 2029, growing at a CAGR of 7.65% during the forecast period (2024-2029).
The India Laundry Appliances Market is driven by various growth drivers such as growing urbanization and increasing affordability of laundry appliances in the country further supporting the market growth over the forecast period. In the past few years, due to increasing disposable income and improved standard of living there has been robust demand for laundry appliances in the Indian market. With Technological innovations, Laundry appliances are been equipped with smart features where the user can control the appliances through their smartphones, and with sensors and AI-equipped features the appliances are becoming more automatic. Today consumers are provided with a variety of choices in the market ranging from color, shape, and design to various after-sales services, credit facilities, and other such benefits, providing comfort and a better experience to the user. The addition of such features will boost the India Laundry Appliances Market.
The global laundry appliances market is experiencing a surge in demand due to a variety of factors, such as the growing adoption of smart home technology in both developing and developed countries, the rapid expansion and modernization of IT systems, shifting demographics, and the imperative to protect the planet from hazardous waste. Brands that cater to the demands of the millennial and post-millennial generation offer a wide range of smart home appliances, ranging from sophisticated smart lights to advanced AI-enabled faucets. This trend is expected to continue to grow in the future.
