INDIAN CONSUMER DURABLES INDUSTRY AT A GLANCE IN 2021 - 2022
Electronics hardware production in India stood at US$ 63.39 billion in 2021. And the TV penetration in India stood at 69%, driven by the DTH market. The total active subscriber base has increased from 69.57 million in March 2021 to 69.86 million in June 2021.
As of 2021, the refrigerator, washing machines and air conditioner market in India were estimated around US$ 3.82 billion, US$ 8.43 billion and US$ 3.84 billion, respectively. Smartphone shipments witnessed YoY growth of 11% in 2021 with 169 million units shipped.
India’s consumer durables industry's market size is expected to reach US$ 34 billion by 2025. Appliances and consumer electronics industry stood at US$ 9.84 billion in 2021 and is expected to more than double to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025. The headset market revenue in India is projected to reach US$ 77 million by 2027 at a CAGR of 4.7%. According to India Cellular & Electronics Association (ICEA), India has the potential to achieve a value of US$ 100 billion in manufacturing of laptops and tablets by 2025.
The dishwasher market in India is expected to surpass US$ 90 million by 2025-26, driven by rising demand across urban India.
The flat panel television market in India is expected to reach US$ 16.24 billion by FY24, growing at a CAGR of 9.25%.
Industry InvestmentsIn 2021, the Indian Consumer Durables Industry attracted FDI inflows of US$ 3.19 billion.