Videocon introduced the concept of washing machines in the Indian consumer
durables market. The silver nano technology of washing machines has gained
immense popularity all around the globe. The declining average selling price
of residential washing machines along with increasing disposable income,
consumer awareness, educations and improving technology are driving volume
sales of washing machines faster than sales in value terms. LG and Samsung
turn out to be the biggest players in the residential washing machine market
in India followed by others such as Whirlpool, Videocon, Godrej, Onida, IFB,
Haier, etc.
According to 'India Residential Washing Machine Market Forecast &
Opportunities, 2017', the residential washing machines market in India is
expected to witness healthy growth rates in the coming years. The penetration
rate of washing machines in India is still very low when compared with other
emerging markets or developed countries. The residential washing machines
market revenues have witnessed an average growth rate of more than 20% y-o-y.
The residential washing machine market in India is expected to reach US$ 1.50
Billion by 2017. The residential washing machine market in India is expected
to grow as a result of growing middle class and increasing household incomes.
The government initiatives towards rural household development are also
expected to increase the demand in the residential washing machines market in
India. 'India Residential Washing Machines Market Forecast & Opportunities,
2017' discusses the following aspects related to washing machines market in
India:
To gain an in-depth understanding of washing machines market dynamics in
India
To identify the on-going trends and anticipated growth in the coming years
To help industry consultants, washing machine manufacturers and other
stakeholders to align their market-centric strategies
To obtain research based business decision and add weight to presentations
and marketing materials
To gain competitive knowledge of leading players
To avail 10% customization in the report without any extra charges and get
the research data or trends added in the report as per the buyer's specific
needs
Report Methodology
The information contained in this report is based upon both primary and
secondary sources. Primary research included interviews with washing machine
manufacturers, channel partners, and consumers. Secondary research included an
exhaustive search of more than 3000 paid databases such as newspapers,
websites, company annual reports and proprietary databases.
Table 2: Brand Wise Price Range of Residential Washing Machines in India
Table 3: Household Income Classes in India
Table 4: Competitive Landscape Table
India Residential Washing Machines Market Forecast and Opportunities, 2017 published by TechSci Research in July 10, 2012. This report consists of 69 Pages and the price starts from US $ 1200.
