The Indian market for the washing machine is growing at a rapid pace over the years. It is being pegged to witness a CAGR of around 4% during 2019-2024.
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Washing machines are no longer a luxury as they are being embraced by middle-class and rural users. It is because of the ability of a washing machine to wash clothes by saving time and effort.
The penetration of electricity even in Indian rural areas is one of the key elements for being able to buy and use gadgets easily. Increasing disposable income is another big factor that is helping people to afford the best automatic washing machines in India.
What’s more, if you take a semi-automatic washing machine, then it also helps you save water and power – leading to lower power bills.
Owing to these factors and prices under the reach of the common mass, have led to a growth in sales of washing machines in India.
Although the washing machine is seeing an upward trend, the availability of laundry shops and online laundry services may hinder its growth a bit in metro cities of India.
On the other hand, the introduction of new technologies in washing machines across brands is helping companies to register decent growth. It means that there is a significant demand for new technologies in washing machines. The motive of a brand behind the launch of new technologies in washing machines is to help customers save time and effort in washing clothes.
Based on washing machine types in India, the market is divided into semi-automatic, fully automatic, and dryer. It is the fully automatic section that is expected to register the highest CAGR during the 2019-2024 forecast periods.
Some of the leading players in the Indian semi-automatic and fully automatic market are Samsung, LG, Electrolux, Haier, Lloyd, Whirlpool, Kenstar, IFB, Bosch and others.
You will need to spend around Rs.10,000 in India to buy this washing machine.
The price of this LG washing machine in India is around Rs.10,000.
The cost of this Haier washing machine in India is around Rs.12,000.
The price of this best Bosch washing machine in India is around Rs.24,000. Buying a trendy washing machine as per your needs won’t strain your wallet as you can divide the cost over a suitable tenor and pay only fixed EMIs. The facility is now available in India on the Bajaj Finserv EMI Network in 80,000+ stores and 1,800+ cities.
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