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According to www.techsciresearch.com latest Report- India non electric kitchen appliances market is projected to grow from $ 597 million in 2018 to $ 972 million by 2024, exhibiting a CAGR of over 8% during 2019-2024, owing to increasing demand for convenient kitchen appliances, especially from middle-income population and rural regions. <br> URL- https://www.techsciresearch.com/report/india-non-electric-kitchen-appliances-market/3842.html
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2014 – 2024 INDIA NON ELECTRIC KITCHEN APPLIANCES MARKET COMPETITION, FORECAST & OPPORTUNITIES Published: March 2019 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Product Overview Non electric kitchen appliances is a segment in home appliances market. For the study, non electric kitchen appliances have been considered as equipment, machine or apparatus used for preparing food and beverages, which work manually and do not require electricity. Market Segmentation PRODUCT TYPE DISTRIBUTION CHANNEL Review Period 2014 – 2017 Base Year 2018 Estimated Year 2019 Forecast Period 2020 – 2024 Year Range Kitchen Appliances Market • Gas Stoves • Pressure Cookers • Non Electric Juicers (Hand Juicers) • Non Electric Toasters (Gas Toasters) • Non Electric Food Processors (Manual Food Processors) • Others (Hand Choppers, Manual Hand Blenders, Dicers, etc.) • Store Based Retail • Non-store Based Retail REGIONS • North • West • South • East
Research Methodology Market Profiling Data Analysis Data Collection Data Validation Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine top players in India non electric kitchen appliances market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India non electric kitchen appliances market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection Primary Research Desk Research Company Analysis • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Website • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India non electric kitchen appliances market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising trend of nuclear families, increasing disposable income and growing penetration of kitchen appliances in rural market and speculated positive growth for the market during the next five years. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India non electric kitchen appliances market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as kitchen appliance companies, channel partners, end users, industry experts and other industry participants. • The team interviewed more than 10 kitchen appliance companies, 50 distributors and retailers and 15 Industry experts and other value chain stakeholders in India non electric kitchen appliances market to obtain the overall market size from 2014 to 2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data from 2014 to 2018. • Exchange Rate of 1USD = 67INR has been used for calculations throughout this report.
Research Methodology Respondents were asked about the current and future market growth rates and market shares by type and by region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the type of non electric kitchen appliances. Methodology Followed for Calculation of Market Shares: Market shares by product type, by distribution channel, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various types of non electric kitchen appliances. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India non electric kitchen appliances market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data.
Industry Brief According to TechSci Research report, “India Non Electric Kitchen Appliances Market By Distribution Channel, By Product Type, Competition, Forecast & Opportunities, 2014-2024”, India non electric kitchen appliances market is projected to cross $ 972 million by 2024. Anticipated growth in the market would be driven by changing lifestyle, increasing per capita disposable income, rising number of nuclear families, expanding middle class population and growing youth population who are inclined towards products offering enhanced convenience. Moreover, easy product availability and expanding distribution and supply chain of manufacturers and suppliers are expected to aid the country’s non electric kitchen appliances market during the forecast period. Proportion of working women in the country is increasing gradually, which is contributing to growing household income as well as leading to time shortage for women towards household activities. Also, with rapid increase in the number of nuclear families in urban India, sharing of household work among family members is on the decline. Consequently, the utility of non electric kitchen appliances, that help in minimizing the effort and time required in cooking activities, is on the rise. Increasing competition among store-based retail outlets coupled with growing amount of time spent by consumers on the internet is resulting in rising sales through online channels; however, multi-branded stores segment is anticipated to continue to be the dominating distribution channel for non electric kitchen appliances in India. “Demand for non electric kitchen appliances is growing across the country, owing to increasing trend of working women, in addition to rising influence of social media on the millennial population which persuades them to purchase these appliances as they provide convenience and comfort. Moreover, leading non electric kitchen appliance manufacturers are continuously diversifying their product portfolios and are offering a wider range of products, both in terms of applications as well as price range, resulting in the accessibility and visibility of non electric kitchen appliances in the country. Such developments are expected to positively influence India non electric kitchen appliances market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Sample Data - Snapshot Figure 24: India, Retail Market Share, By Retail Type, 2017 Figure 15: New PMUY Connections (In Million) Figure 19: India Household and NPISHs Final Household Consumption Expenditure, 2013 & 2017 (USD Trillion) Figure 13: Consumption of Petroleum Products, By Product Type, 2016 xx 2017 xx 2013 Figure 17: Projected LPG Demand in MMT 2018
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