PUBLISHER: Grand View Research | PRODUCT CODE: 1772287
PUBLISHER: Grand View Research | PRODUCT CODE: 1772287
The India household appliances market size was estimated at USD 22.45 billion in 2024 and is expected to grow at a CAGR of 7.2% from 2025 to 2030. The growth of the Indian household appliances industry is driven by rising disposable incomes, rapid urbanization, increasing electrification in rural areas, and a growing middle class with evolving lifestyles. Additionally, technological advancements, smart appliance adoption, and government initiatives like "Make in India" and rural electrification programs are fueling demand. The expansion of e-commerce and improved retail infrastructure also contribute to easier access and wider product availability, further accelerating market growth.
The India household appliances market is experiencing robust growth, fueled by rising disposable incomes, urbanization, and shifting consumer preferences. According to an article by the Times of India published in May 2025, in FY25, average monthly spending on consumer durables surged by 72%, a dramatic increase from the 6% rise in FY24, reflecting a growing trend in home ownership and the subsequent demand for appliances and home furnishings. The major domestic appliances market experienced an 18% value-based growth in the first half of 2024, with premium segments like 9 kg+ washing machines expanding by 30% and energy-efficient air conditioners by 59%.
Technology and innovation play a crucial role in shaping market dynamics. Consumers are increasingly drawn to smart, energy-efficient appliances that offer advanced features such as IoT connectivity, automation, and AI integration. Manufacturers are concentrating on product differentiation, enhanced energy ratings, and eco-friendly appliances to meet evolving consumer preferences. Additionally, the availability of financing options and appealing EMI schemes further encourages the purchase of premium products.
For instance, in April 2025, Samsung introduced India-centric advanced AI-powered features in its air conditioners, refrigerators, and other appliances. The company's AI technology, dubbed "AI Desi," aims to enhance the user experience with features such as personalized recommendations and smart home automation. According to the Times of India, Samsung's AI-powered appliances are designed to learn users' preferences and adapt to their needs. The features include smart temperature control, energy efficiency, and voice control through Samsung's Bixby virtual assistant.
Government initiatives such as "Make in India," increased rural electrification, and improved infrastructure have expanded the market beyond metro cities. The growing penetration of e-commerce platforms has made household appliances more accessible to consumers in Tier 2 and Tier 3 cities, offering competitive pricing and a wide product range. These factors collectively contribute to the sustained growth of the household appliances market in India.
India Household Appliances Market Report Segmentation
This report forecasts volume & revenue growth at the country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the India household appliances market report based on product, and distribution channel: