Market Size of India Small Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 27.27 Billion |
| Market Size (2029) | USD 34.47 Billion |
| CAGR (2024 - 2029) | 4.80 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Small Home Appliances Market Analysis
The India Small Home Appliances Market size is estimated at USD 27.27 billion in 2024, and is expected to reach USD 34.47 billion by 2029, growing at a CAGR of 4.80% during the forecast period (2024-2029).
The appliance and consumer electronics market in India is expected to grow steadily in the coming years. Small home appliances are expected to grow in the market due to the rising urbanization, growing middle-income group, and increasing demand for convenience amid a hectic urban lifestyle. The rise in nuclear families and a sedentary lifestyle with space constraints will further increase the demand for small home appliances. The appliances can accomplish daily tasks in less time. Semi-urban and rural areas are also expected to contribute to the demand owing to the growing awareness regarding small ticket appliances in those areas.
Technological advancements and increasing internet access are expected to contribute positively to redeveloping small home appliances. Small kitchen appliances include high growth potential for new products such as blenders, mixers, and coffee machines. The rise in smart homes, along with new connected appliances, is expected to boost the demand in the future as more new appliances are offered that can be easily used by the consumer and reduce their tasks at home. Smart home appliances would allow autonomy, control, monitoring, and other advantages.
