The essential household appliances ranking in India: What you need to know
More than half of India’s households own basic household appliances, which are used for cooking, cleaning, washing and cooking.
It is the mainstay of households to survive in the country and help them meet the basic needs of their families.
However, India’s basic household appliance market is not yet mature, as there is still a long way to go.
According to a report released by Indian IT consultancy IIT-Kanpur, a market of around Rs. 5,500 crore is being generated every year in the Indian appliance sector.
According to the report, India is the fourth largest in terms of annual appliance sales, after China, Indonesia and Japan.
According the report titled India’s Essential Household Appliances, IIT Kanchipuram-based consultancy firm, in its analysis of market trends, said, “The overall demand for essential household items in India is growing and as a result, the overall price of these items is falling.”
It said that the key indicators that indicate an emerging market market such as India are: A rising demand for basic household products and the quality of appliances; The growth of the household appliance industry and its growth; and The growing popularity of appliances and other appliances.
The report further said that, “It is important to note that the demand for appliances and household products in India has been growing rapidly over the last few years.
This is the reason for the growth of appliance prices in the market.”IIT Kachipuraman also said that Indian households have become more interested in the basics, such as cooking, heating, washing, air conditioning and air purification.
The study further said, The increase in the demand is likely to be sustained due to the fact that the cost of household appliances and the overall prices of the products have been steadily rising.
“According to the research firm, the number of households owning basic household items rose from 5.7 per cent in 2017 to 7.1 per cent last year.
In 2018, the growth in the number was only 3.2 per cent, while in 2019, it increased to 5.3 per cent.