In 2022, LG held the leading position in the Indian refrigerator market with more than 30 percent of the market share. It was followed by Samsung with 29 percent of the market share. It was estimated that the revenue in this segment amounted to 14.74 billion U.S. dollars during the same year.

We asked Indian consumers about "Refrigerator ownership by brand" and found that "LG" takes the top spot, while "Hitachi" is at the other end of the ranking.These results are based on a representative online survey conducted in 2024 among 3,484 consumers in India. Looking to gain valuable insights about refrigerator owners across the globe? Check out our

India Refrigerator Market was valued at USD 3.64 Billion in 2024 and is anticipated to grow with a CAGR of 10.2% through 2030.

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Market Size	2024: USD 3.64 Billion
Forecast Market Size	2030: USD 6.51 Billion
CAGR	2025-2030: 10.2%
Fastest Growing Segment	Smart
Largest Market	North
Key Players	1. LG Electronics India Private Limited 2. Samsung India Electronics Private Limited 3. Godrej & Boyce Manufacturing Company Limited 4. Whirlpool Of India Limited 5. Haier Appliances (India) Private Limited 6. Hitachi India Private Limited 7. Panasonic India Private Limited 8. Blue Star Limited 9. Bosch Limited 10. Siemens Limited

Household Side by Side Refrigerator Market Report is Segmented by Type (Under 15 Cu. Ft. , 15-20 Cu. Ft. , 20-25 Cu. Ft. , and Above 25 Cu. Ft. ), by End User (Residential and Commercial), by Distribution Channel (Multi Branded Stores, Supermarkets/ Hypermarkets, Exclusive Stores, Online and Other Distribution Channels), and by Geography (North America, the USA, Canada, and the Rest of North America). The Report Offers Market Size and Forecasts for the Household Side by Side Refrigerator Market in Value (USD) for all the Above Segments.

The production volume of refrigerators stood at over 12 million units across India in fiscal year 2020. That year, the market value of refrigerators across the south Asian country was forecast to be over 3.5 billion U.S. dollars. Refrigerators made up a share of 27 percent of the consumer appliance market. The domestic electronics industry was expected to increase at a compound annual growth rate of nine percent by 2022.

The growth of consumer durables

Increased electrification of rural areas created a higher demand for refrigerators and air conditioners across the subcontinent. The penetration rate of consumer goods was substantially lower in India than the global average. With huge potential for expansion in the rural areas and a 100 percent FDI possibility in the electronics manufacturing sector, significant investments from foreign players came through. A National Electronic Policy was also passed early 2019 to boost production.

Steady demand and supply

A growth rate of over five percent was observed in consumer durables production in fiscal year 2019. Recent FDI policies are likely to make better quality products available at lower prices by eliminating the middlemen from the supply chain. The demand for consumer durables is likely to remain unaffected by the coronavirus (COVID-19).

The minibar refrigerator industry is likely to undergo a notable growth, driven by the expanding trend of hospitality sector, progressive use of energy-efficient appliances, and evolving consumer choices. The market is anticipated to increase from USD 374 million in 2025 to USD 538 million by 2035, with a compound annual growth rate (CAGR) of around 3.7% during the forecast period.

Metric	Value
Industry Size (2025E)	USD 374 million
Industry Value (2035F)	USD 538 million
CAGR (2025 to 2035)	3.7%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
United States	3.2%

Country	CAGR (2025 to 2035)
China	5.0%

Country	CAGR (2025 to 2035)
Germany	3.0%

Country	CAGR (2025 to 2035)
Japan	3.5%

Country	CAGR (2025 to 2035)
India	4.5%

Country	CAGR (2025 to 2035)
Australia	3.3%

Competition Outlook

Company Name	Estimated Market Share (%), 2024
Dometic	18-24%
Indel B SpA	14-20%
Minibar Systems	10-16%
ISM Makine Elektrik Sanayi	7-12%
Felix Starch (Summit Appliance)	5-10%
HISENSE	4-8%
TEFCOLD Group	3-7%
OMNITEC SYSTEMS S.L.	3-6%
Other Companies (combined)	30-40%

Smart Refrigerator Market Share & Technology Market is Segmented by Types (French Doors, Side-By-Side Doors, Triple Doors, Double Doors, and Single Doors), by End-User (residential and Commercial), and by Geography (North America, South America, Asia Pacific, Europe, and the Middle East and Africa). The Market Size and Forecasts for the Smart Refrigerator Market are Provided in Terms of Value (USD) for all the Above Segments.

The Indian Home Appliance Market is Segmented by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers, and Ovens), Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, and Hair Dryers), and Distribution Channel (Multi-Branded Stores, Exclusive Stores, Online, and Other Distribution Channels).

The mini refrigerator market is estimated to be valued at US$ 1.47 billion in 2023 and is expected to reach US$ 3 billion by 2033. The adoption of mini refrigerator is likely to advance at a CAGR of 7.4% during the forecast period.

Attribute	Details
Estimated Market Size 2023	US$ 1.47 billion
Projected Market Size 2033	US$ 3 billion
CAGR through 2023 to 2033	7.4%

Report Scope

Attribute	Details
Market Value in 2023	US$ 1.47 billion
Market Value in 2033	US$ 3 billion
Growth Rate	CAGR of 7.4% from 2023 to 2033
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ billion and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Product Price Range Capacity End-User Sales Channel Region
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East & Africa
Key Countries Profiled	United States Canada Brazil Mexico Germany United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel
Key Companies Profiled	The Whirlpool Corporation Samsung Electronics Videocon Industries Godrej Appliances LG Electronics Haier Group Corporation Electrolux AB Panasonic Corporation Sieens AG AB Company Highsense Infotech Zhongke Meiling Cryogenics Co. Ltd Danby Appliances Inc. Whynter LLC Engel Koolatron Corporation Dometic Group AB EdgeStar Appliances Company Midea Group Uber Appliance Company
Customization& Pricing	Available upon Request

The size of the India Small Home Appliances Market was valued at USD 27.27 Million in 2023 and is projected to reach USD 37.86 Million by 2032, with an expected CAGR of 4.80% during the forecast period.Small home appliances are portable or semi-portable machines that are used for household tasks and are usually placed on a table or counter. They are different from major appliances, such as washing machines and refrigerators, which are typically placed on the floor and are difficult to move. Small appliances are also different from consumer electronics, which are used for entertainment and leisure. small appliance, small domestic or small electric, is a portable or semi-portable machine, generally used on table-tops, counter-tops or other platforms, to accomplish a household task. Examples include microwave ovens, kettles, toasters, humidifiers, food processors and coffeemakers. They contrast with major appliances (known as "white goods" in the UK), such as the refrigerators and washing machines, which cannot be easily moved and are generally placed on the floor. Small appliances also contrast with consumer electronics (British "brown goods") which are for leisure and entertainment rather than purely practical tasks.Benefits of Small Home Appliances:Convenience: Small home appliances offer convenience and ease of use, making daily tasks simpler.Efficiency: They are designed to perform specific tasks efficiently, saving time and effort.Versatility: Many small home appliances can perform multiple functions, reducing the need for separate devices.Compactness: Their compact size makes them ideal for small spaces and easy storage.Government Initiatives:The Indian government is actively promoting the Make in India initiative to encourage domestic production of appliances, creating opportunities for local manufacturers.Technological Advancements:Advancements in technology have led to the development of smart home appliances, which offer enhanced functionality and connectivity, making them more user-friendly and customizable. Recent developments include: February 2024: LG Electronics entered self-laundry services in India and announced investing USD 4 million. The company plans to open 200 self-laundry service centers by the end of 2024., December 2023: Whirlpool Corporation planned to sell up to 24% of its stake in its Indian arm, Whirlpool of India Ltd, in 2024 to raise funds to reduce the debt level, according to a regulatory filing.. Key drivers for this market are: Increasing Online Sales is Driving the Market, Growing Urbanisation is Driving need for Small Appliances. Potential restraints include: Changing Needs of Customers, Limited Usage of the Product. Notable trends are: Growing Urbanization is Driving the Market.

Whirlpool of India led the domestic appliance market in India with net sales of about 62 billion Indian rupees as of December 2022. It was closely followed by Crompton Greaves and Electronics Mart India at 58 and 54.5 billion rupees respectively. Both Crompton Greaves and Electronics Mart India are Indian companies.

Whirlpool of India

Whirlpool of India Limited is one of the leading manufacturers of major home appliances in India, headquartered in Gurugram. It is a subsidiary of the Whirlpool Corporation from United States. It has three manufacturing facilities in India, located in Faridabad, Pondicherry, and Pune. It primarily manufactures and sells refrigerators, washing machines, air conditioners, microwave, and other small appliances. Its main competitors in the major appliances segment are Korean electronics companies, Samsung, and LG. In the small appliances segment, it also faces competition from Indian manufacturers.

Refrigerator market in India

In 2022, LG was the leader in the Indian refrigerator market with more than 30 percent of the market share. Whirlpool ranked the third following Samsung. It was estimated that the market size of refrigerators was around 9.7 billion U.S. dollars during the same year. The prospect of this segment is of great potential in India, especially considering the increasingly hot summers due to global climate change.

India Washing Machine Market size was valued at USD 1,612.54 Million in 2023 and is projected to reach USD 2,923.19 Million by 2031, growing at a CAGR of 7.89% from 2024 to 2031.

India Washing Machine Market Overview

The Indian washing machine market has been growing rapidly, with increasing demand for both semi-automatic and fully automatic washing machines. Factors such as rising awareness about hygiene, convenience, and affordability have contributed to this growth. Because of shifting lifestyles and rising disposable money, there has been a growth in the demand for washing machines in recent years. The nation’s demand for high-end electronic home appliances is rising as well.

Industry insiders claim that India seeks to profit from consumers who are wanting to upgrade to premium goods at a range of pricing points, including mass, middle class, and high end. Companies are investing extensively in expanding their manufacturing units and product portfolio in order to meet the increased demand. For example, Whirlpool has increased its capacity for washing machines and refrigerators by investing about Rs 300 crore in the previous three years in its production plants in Puducherry, Pune, and Faridabad in Delhi-NCR. Whirlpool is aiming for further growth in the household washing machine industry, which is predicted to rise in double digits over the next two to three years, capitalizing on the premiumization trend.

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India Consumer Electronics And Home Appliances Market Size 2025-2029

The consumer electronics and home appliances market size in India is forecast to increase by USD 2.07 billion at a CAGR of 1.2% between 2024 and 2029.

The consumer electronics and home appliances market witness significant growth due to various trends and drivers. The integration of artificial intelligence (AI) and smart technology in devices, such as tablets, smartphones, and smart home appliances, is a major trend driving market growth. Semiconductors, including microcontrollers, play a crucial role in enabling these advanced features. Additionally, the increasing popularity of virtual reality (VR) technology and its application in consumer electronics is another growth factor. The E-commerce sector's expansion and the convenience it offers have also contributed to the market's growth.
Compliance costs associated with consumer electronics and home appliances remain a challenge, but manufacturers continue to innovate to meet these requirements. In the US market, the demand for energy-efficient appliances, such as inverters in refrigerators and advanced computer technology, continues to fuel growth.

What will be the Size of the market During the Forecast Period?

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The consumer electronics and home appliances market encompasses a wide range of products designed to enhance modern living. This dynamic industry is driven by various factors, including the growing youth population and increasing internet penetration worldwide. With rising per-capita income and purchasing power parity, high-income households represent a significant market segment. Emerging technologies, such as artificial intelligence, the Internet of Things, augmented reality, and smart home systems from industry leaders like Haier and LG Electronics, continue to shape the market's direction. According to recent survey results, performance factors and consumer spending on these innovative devices show an exponential trend. The number of households adopting these advanced technologies is on the rise, making the consumer electronics and home appliances market an exciting and continuously evolving sector.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Consumer electronics
  Home appliances


Distribution Channel

  Offline
  Online


Price Range

  Mid-range
  Premium
  Entry-level


Geography

  India

By Product Insights

The consumer electronics segment is estimated to witness significant growth during the forecast period.

Consumer electronics, encompassing products such as TVs, smartphones, tablets, computers, and audio devices, are experiencing significant growth due to increasing Internet penetration and the youth population's adoption. In India, rising per-capita income and the emergence of high-income households are fueling demand for these technologies. IoT technology integration is also driving sales, particularly for smart devices. Advanced technologies and Internet connectivity enable various applications, enhancing consumer experiences. The electronics industry is further by emerging technologies like Artificial Intelligence, the Internet of Things, Augmented Reality, and Virtual Reality. Semiconductors and microcontrollers are essential components, but their shortage may impact production. Imports, raw material prices, and e-commerce platforms like Flipkart and Amazon are significant factors influencing market dynamics.

The IT industry's growth, skilled IT labor availability, and the smartphone segment's performance further contribute to the market's expansion. Household appliances and industry associations' survey results indicate a continuous trend in consumer spending on electronics. Performance factors, such as exponential trend smoothing, current exchange rates, and representativeness, should be considered on an ad hoc basis. Electricals and IoT technology continue to shape the future of consumer electronics.

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Market Dynamics

Our India Consumer Electronics And Home Appliances Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of India Consumer Electronics And Home Appliances Market?

Growth in government initiatives for electronic products is the key driver of the market.

The market is experiencing significant growth due to several factors. The government's decision to all

Market Size for India Consumer Electronics Market on the Basis of Revenue in INR Crores, FY’2018-FY’2024 In 2023, Xiaomi launched a new series of smart televisions with integrated AI-based voice assistance to enhance the user experience. This initiative aims to tap into the growing market for smart home devices and offer consumers an integrated entertainment solution. Key regions such as Maharashtra and Delhi NCR are the largest contributors due to their high population density, robust retail infrastructure, and growing technology adoption. The India consumer electronics market reached a valuation of INR 7.5 Trillion in 2023, driven by the increasing demand for smartphones, televisions, and home appliances. The growth is attributed to the rising disposable incomes, increased urbanization, and the proliferation of digital platforms. The market is characterized by major players such as Samsung, LG, Xiaomi, Sony, and Panasonic, which have a strong presence and extensive distribution networks across the country. These companies are recognized for their innovative product offerings, diverse portfolios, and customer-centric services. India Consumer Electronics Market Overview and Size The report titled“India Consumer Electronics Market Outlook to 2029 - By Market Structure (Branded and Local), By Product Type (Computer and Peripherals, In-Car Entertainment, In-Home Consumer Electronics, Television, Headphones and Imaging Devices), By Distribution Channel, By Consumer Demographics, and By Region”provides a comprehensive analysis of the consumer electronics market in India. The report covers an overview and genesis of the industry, overall market size in terms of revenue, market segmentation; trends and developments, regulatory landscape, customer level profiling, issues and challenges, and comparative landscape including competition scenario, cross comparison, opportunities and bottlenecks, and company profiling of major players in the Consumer Electronics Market. The report concludes with future market projections based on sales revenue, by market, product types, region, cause and effect relationship, and success case studies highlighting the major opportunities and cautions.

The India Small Home Appliances Market Report is Segmented by Product (Vacuum Cleaners, Hair Clippers, Irons, Toasters, Grills and Roasters, Hair Dryers, Water Heaters, Small Kitchen Appliances, and Others) and Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Other Distribution Channels). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

In 2022, the leading washing machine brand in India was LG with around 29 percent of the total shipped units. Samsung followed not far behind with 18 percent of the market share. The leading Indian brand in the market was Godrej, with a market share of 11 percent.

The Report Covers India Kitchen Appliances Market Share & Industry Analysis and it is Segmented By Product (Food Processors, Mixers and Grinders, Microwave Ovens, Grills and Toasters, Water Purifiers, Refrigerators, Dishwashers, and Other Kitchen Appliances), By Application (Residential and Commercial), and By Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, and Other Distribution Channels).

The global consumer appliances market is anticipated at US$ 419 billion in 2022. Demand is likely to remain high for consumer appliances during the assessment period. This is due to the increased demand for advanced appliances and connected kitchen appliances and garnering US$ 679.8 billion in 2033, recording a CAGR of 4.5% from 2023 to 2033. The market is likely to secure US$ 437.8 billion in 2023.

Data Points	Key Statistics
Consumer Appliances Market Size Value in 2023	US$ 437.8 billion
Consumer Appliances Market Forecast Value in 2033	US$ 679.8 billion
Global Growth Rate	4.5%
Forecast Period	2023 to 2033

Consumer Appliances Market Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033

Historical CAGR (2018 to 2022)	4.0%
Forecasted CAGR (2023 to 2033)	4.5 %

Report Scope

Attribute	Details
Growth Rate	CAGR of 4.5% from 2023 to 2033
Market Value in 2023	US$ 437.8 billion
Market Value in 2033	US$ 679.8 billion
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Revenue in US$ Billion and CAGR from 2023 to 2033
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Equipment Component System Sorting End-Use Load Capacity Throughput Capacity Region
Regions Covered	North America Latin America Western Europe Eastern Europe South Asia and Pacific East Asia Middle East & Africa
Key Countries Profiled	United States Canada Brazil Mexico Germany United Kingdom France Spain Italy Poland Russia Czech Republic Romania India Bangladesh Australia New Zealand China Japan South Korea GCC Countries South Africa Israel Rest of MEA
Key Companies Profiled	AB Electrolux Qingdao Haier Co., Ltd. (Haier) Hitachi, Ltd. LG Electronics Inc. (LG) Midea Group Co., Ltd. (Midea) Panasonic Corporation (Panasonic) Robert Bosch GmbH Samsung Electronics Co., Ltd. Sharp Corporation (Sharp) Whirlpool Corporation

Snapshot img

Personal Care Appliances Market Size 2025-2029

The personal care appliances market size is forecast to increase by USD 7.69 billion, at a CAGR of 6.2% between 2024 and 2029.

The market is experiencing significant growth, driven by product innovations leading to portfolio extension and premiumization. Manufacturers are introducing advanced technologies and features to cater to evolving consumer preferences, resulting in increased demand for high-end personal care appliances. However, market expansion is not without challenges. Fluctuations in raw material prices and operating costs continue to pose significant hurdles for market participants. Beauty equipment, including epilators, hair removal appliances, hair straighteners, and hair stylers, are popular categories within this market. Despite these challenges, opportunities abound for companies that can effectively navigate these dynamics and deliver value to consumers. New product launches, strategic partnerships, and cost optimization strategies are key areas of focus for market players seeking to capitalize on the market's growth potential. Companies that can successfully balance innovation, affordability, and sustainability will be well-positioned to thrive in this dynamic market.

What will be the Size of the Personal Care Appliances Market during the forecast period?

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The market encompasses a range of electrically-powered devices designed to enhance individual beauty and grooming routines. This market exhibits strong growth, driven by the global trend towards increased beauty consciousness and the desire for brand consciousness among consumers. Oral care appliances are another significant segment, reflecting the importance of communication and engagement in maintaining dental health.
The market's expansion is not limited to developed economies; emerging economies are also witnessing substantial growth as consumers in these regions increasingly prioritize personal grooming. Battery-operated appliances offer convenience and portability, further fueling market expansion. Economic activities and the influence of celebrities continue to shape consumer preferences and market trends within the personal care appliances industry.

How is this Personal Care Appliances Industry segmented?

The personal care appliances industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Hair care appliances
  Hair removal appliances
  Oral care appliances


Gender

  Women
  Men
  Unisex


Type

  Corded
  Cordless


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    France
    Germany
    Italy
    UK


  North America

    US
    Canada


  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The market encompasses a range of electrically-powered devices used for grooming and beauty purposes. This sector caters to the growing demand for convenience and self-confidence driven by beauty consciousness and rapid urbanization, particularly in developed nations and emerging economies. Key product categories include hair care appliances (dryers, curlers, straighteners, and stylers), dental care equipment, and hair removal appliances. Brands play a significant role in consumer decision-making, with many opting for premium options. The market is segmented into distribution channels, including physical stores and the direct-to-consumer channel. Specialty stores, also known as electronic and specialty retailers (EASRs), dominate the offline distribution landscape due to their extensive product offerings and brand presence.

Companies benefit from these retailers' dedicated focus on personal care appliances, enabling effective marketing, advertising, and promotional activities. The market is further influenced by economic activities, communication channels (social media), and the youth population's engagement with beauty and grooming products. Despite the positive influence of these trends, challenges such as lack of awareness and durability concerns persist. Local companies and multinationals, including Procter and Gamble, continue to innovate with newer products to address these issues and cater to the evolving needs of consumers. The premiumization trend and quality consciousness further fuel market growth.

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The offline segment was valued at USD 10.50 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 40% to the growth of the global

The Asia Pacific Home Appliances Market Report is Segment by Major Appliances( Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers and Ovens, Other Major Appliances), by Small Appliances (Vacuum Cleaners, Coffee Machines, Irons, Toasters, Grills and Roasters, and Other Small Appliances), by Distribution Channel (Multibrand Stores, Exclusive Stores, Online, and Other Distribution Channels), and by Country (China, India, Japan, South Korea, Australia, New Zealand, Rest of Asia Pacific). The Report Offers Market Size and Forecasts for the Asia Pacific Home Appliances Market in Value (USD) for all the Above Segments.