NEW YORK, April 23, 2021 /PRNewswire/ —
Technavio has been monitoring the consumer electronics and home appliances market in India and it is poised to grow by $ 2.12 bn during 2021-2025, progressing at a CAGR of over 1% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
The adoption of smart and advanced features in home appliances is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The market will accelerate at a CAGR of o over 1% and the incremental growth of the market is anticipated to be $ 2.12 bn.
Who are the top players in the market?
AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., and Whirlpool Corp., are some of the major market participants.
What is the key market driver?
The increasing demand for premium appliances is one of the major factors driving the market.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB Electrolux, Haier Smart Home Co. Ltd., Hitachi Ltd., Koninklijke Philips NV, LG Electronics Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sony Corp., Toshiba Corp., and Whirlpool Corp. are some of the major market participants. The increasing demand for premium appliances will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this consumer electronics and home appliances market in India forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information