DUBLIN–(BUSINESS WIRE)–The “India Dishwasher Market, By Product Type (Free-standing, Built-in), By Distribution Channel (Multi branded/Distributor sales, Exclusive Stores, Supermarket/Hypermarket, online), By Region, Competition, Forecast & Opportunities, FY2016- FY2027” report has been added to ResearchAndMarkets.com’s offering.
The Indian Dishwasher Market to cross USD90 million by FY2026 and is expected to grow at a CAGR of over 12% by value during the forecast period.
Growth of dishwasher’s market in India can be attributed to rising numbers of nuclear families, disposable income, due to COVID-19 as most of the house helps stayed away from work due to the lockdown. Moreover, people adopting western culture, innovation in product line variants are some of the major drivers of the Indian Dishwasher Market.
Also, people adopting western culture, and consumer propensity towards consumption of hand sanitizer has led to the rise in the overall consumption of dishwashers. Additionally, growth in organized retail end e-commerce industry coupled with rising consumer inclination towards sanitation devices are further anticipated to aid the growth of the Indian Dishwasher Market during the forecast period.
The dishwasher market in India is segmented on the basis of by type, by distribution channel and by region. In terms of type, the market is segmented into built-in and free standing. The free standing is the dominating segment within the country and therefore the trend is probably going to continue within the forthcoming years.
In terms of the distribution channel, the market is categorized into multi-branded stores/distributors sales, exclusive stores, supermarkets/hypermarkets and online channels. Among which, multi-branded stores/distributor sales have accounted the majority of market share in FY2020 in the Indian Dishwasher Market, followed by exclusive stores. Companies are striving to extend their focus to create products available in exclusive stores, multi-branded stores, and online channel across the country.
In terms of region, the Indian Dishwasher Market is categorized into West India, North India, South India and East India. Among which, West India dominated the country’s dishwasher market in FY2020, and is expected to maintain its dominance during the forecast period followed by North India.
The growth in these regions has been largely led by domestic factors such as growing demand for dishwashers from mainly adults and nuclear families, increasing working females, rising hygiene to avoid food poisoning, and increasing urbanization.
Major companies offering dishwashers are IFB Industries Ltd., BSH Household Appliances Manufacturing Pvt. Ltd., LG Electronics India Pvt. Ltd., Samsung India Electronics Pvt. Ltd. AB Electrolux, others.
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For more information about this report visit https://www.researchandmarkets.com/r/l4384f
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