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Industry Insight - Indian Consumer Durables
CYGNUS Business Consulting & Research, Nov 2011, Pages: 91
India will leap frog from twelfth position to fifth largest position in the consumer Market in the world by 2025.
Consumer durable is one of the fastest growing industry segments in India; accounting for US$6.58 billion in 2009-10. According to Cygnus estimates, consumer durables market is further expected to cross the US$10.0 billion milestone by the year 2011-12, growing at a CAGR of 23.8. The growth in Consumer durable industry in India seems to be balanced and is fuelled by indigenous manufacturing facilities, government support, improvements in technology and growth in customer base from the rural areas. It will be the key challenge for consumer durables manufacturing companies to spend in R&D for surviving in the highly competitive market by introducing innovative products at many affordable prices.
As per a recent study, household income in the top 20 boom cities in India is projected to grow at 10% annually over the next eight years, which is likely to increase consumer spending on durables.
Multinational companies have garnered significant market share of about 30% and 25% respectively due to their superior product offerings at good prices. However, a few Indian companies are also trying hard to be in the competition and earn a respectable share in the consumer durables market.
In order to understand this market and its players, Cygnus brings out the latest version of Industry Insight – Consumer Durables Markets in India. This report covers consumer electronics like televisions, DVD players and consumer appliances like washing machines, refrigerators, microwave ovens, and air conditioners.
KEY POINTS DISCUSSED
- Recent developments done during the year by major companies.
- Analysis of the strategies by Consumer Durables companies along with the market size and market share.
- Projects Issues & Challenges with the consumer durable sector with reference to increasing bargaining trends etc.
- Information on regulations prevailing in consumer durables sector.
REASONS TO BUY
- To understand the current scenario & future prospects
- Analytical report with insights into leading brands by major players
FOR WHOM
- Industry analysts
- Financial institutions
- Commercial & Investment Banks
- Foreign and Domestic consumer durable companies
- Consultants
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