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Market Research Report

India Consumer Electronics Industry Analysis: Market Share, Scope, Key Drivers, Trends, Opportunity Assessment, Demand, Outlook, Research Report, & Forecast 2017-2025

Published On : 2018-05-24 Report Page : 210 Category: Consumer Retail

India Consumer Electronics Industry Outlook 2017-2025

Industry Overview

India is a technology developing country and has increasing technology penetration at a rate of around 15% in 2017. With the advancing technology, there is trend of smart offices and smart homes, where consumer electronics is an important part of it. Rising disposable income of the people of consumer electronics and their shift in preferences towards smart homes and smart offices environment, are thus majorly driving the growth of the industry. High end products still has to go a long way to acquire larger industry share in India. For instance, 4K TV is a trend in India but it has capacity to change and upgrade as per the developed technology across the globe. Moreover, China has increasing manufacturing cost which has attracted India to be ideal manufacturing hub. The “Make in India” policy of the government is further attracting more investments in consumer electronic industry. Of the total electronic industry in India, consumer electronics has around 9.5% market share, with major adoption among the middle income group population. But, the inadequate testing facilities and incompetent local manufacturing infrastructure are hindering the growth of the industry. Goldstein Research analyst forecast that the India consumer electronics industry is set to reach USD 17.2 billion by 2024, growing at a CAGR of 5.91% over the forecast period (2017-2025).

India Consumer Electronics Industry Segmentation

By Product Type

  • Visual and Audio Products
    • Television
    • Laptops
    • Speakers
    • Others (Headphones, etc.)
  • Major Home Appliances
    • Air Conditioner
    • Refrigerator
    • Washing Machines
    • Dish Washers
    • Others (Cooktops, Etc.)
  • Small Home Appliances
    • Food Processors
    • Microwave Ovens
    • Iron
    • Others (Kettle, etc.)

Based on visual and audio products, television segment accounted for largest market share of 37.1% in 2017 and has nearly 60% penetration in India. Television is closely followed by refrigerators market share, growing at a CAGR of 5.1% over the forecast period.

By Pricing Model

  • Low Cost Products
  • Medium Cost Products
  • High End Products (Customized or luxury Brands)

The sudden economic changes in India due to introduction of GST has highly impacted the masses purchasing power and thus medium cost products industry share declined in 2017. But from 2018 onwards the share of medium products is expected to regain itself. High end products industry share had no or meager impact in 2017.

By Distribution Channel

  • Online Distribution Channel
  • Offline Distribution Channel

By Business Model

  • Business to Business (B2B)
  • Business to Consumer (B2C)

Covered In This India Consumer Electronics Industry Report

The report covers the present ground scenario and the future growth prospects of the consumer electronics industry for 2017-2025 along with the industry players’ analysis. We calculated the industry size and revenue share on the basis of revenue generated from major players in the India region. India consumer electronics industry is forecasted on the basis of consumer electronics production and supply.

India Consumer Electronics Industry Outlook 2017-2025, has been prepared based on an in-depth industry analysis from industry experts. The report covers the competitive landscape and current position of major players in the India consumer electronics industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of industry players and their business models. “India Consumer Electronics Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our India consumer electronics industry report comprises of the following companies as the key players: Vijay Sales, Future Group, Sony, Samsung, LG Electronics, Panasonic, Koninklijke Philips N.V., Haier Consumer Electronics Group, Bajaj Electricals, Logitech International, Onida Electronics, Toshiba, Videocon, Hitachi, Ltd., Hisense, TCL, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive industry and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this India Consumer Electronics Industry Report

  • What is the total industry size by 2025 and what would be the expected growth rate of industry?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key industry trends?
  • What are the factors which are driving this industry?
  • What are the major barriers to industry growth?
  • Who are the key vendors in this industry space?
  • What are the industry opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

Reasons to buy this industry study

  • Facilitate decision-making based on strong historic and forecast data for India Consumer electronics Industry
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  • Position yourself to gain the maximum advantage of the India Consumer electronics industry’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

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India Consumer Electronics Industry Analysis: Market Share, Scope, Key Drivers, Trends, Opportunity Assessment, Demand, Outlook, Research Report, & Forecast 2017-2025

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