Press Release Summary: According to Cygnus estimate, the total consumer durables market accounted for INR270 billion
Press Release Body: According to Cygnus estimate, the total consumer durables market accounted for INR270 billion (considering all segments and sub-segments as discussed in the report) in 2006-07. This report covers consumer electronics like televisions, DVD players and consumer appliances like washing machines, refrigerators, microwave ovens, and air conditioners.
Refrigerator segment is moving with average growth rate of 7-8%; however frost free segment registered higher growth than direct cool. Consumer durables market is estimated to witness growth of about 15% in value terms in 2007-08 accounting for INR310.5 billion.
Multinational companies particularly LG and Samsung have churned out significant market share due to their superior product offerings at best prices. However, couple of Indian companies is also trying hard to be in the competition and earn a respectable share in the consumer durables market. This report provides:
. Insight into competitive intensity levels prevailing, and forecast to be prevailing, across consumer durable sector.
. Analysis of the strategies by foreign FMCG 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.
Table of Contents : -
SYNOPSIS EXECUTIVE SUMMARY HIGHLIGHTS
1. OVERVIEW 1.1 Introduction 1.2 Consumer Durables - Market Overview 1.2.1 Refrigerators 1.3.2 Washing machines 1.2.3 Room air conditioner 1.2.4 Colour television 1.2.5 Microwave ovens 1.2.6 DVD players 1.3 Market Share and Major Players 1.4 Market size and Growth Trend 1.5 Major Foreign Players and Strategies 1.5.1 Samsung India Electronics Ltd (SIEL) 1.5.2 LG Electronics India (LGEI 1.5.3 Whirlpool of India Limited (WIL) 1.5.4 Electrolux India 1.5.5 Sony India Private Limited
2. GROWTH DRIVERS 2.1 Growth in per capita income and disposable income of households 2.2 Growth in the entertainment sector helping better advertisement reach for products to customers 2.3 Sales driven by sponsored sports events 2.4 Emerging growth in demand in small towns and rural markets 2.5 Consumer durables retailing
3. ISSUES AND CHALLENGES 3.1 Increasing bargaining power of buyers lead to price war 3.2 Better production management is increasingly becoming a critical issue 3.3 Increasing cost of raw materials against price competition 3.4 Private Labels - bringing new challenges for pricing and marketing
4. CRITICAL SUCCESS FACTORS 4.1 Product positioning and branding 4.2 Wide product range to address various segmental needs 4.3 Presence in rural markets 4.4 Competitive strategy
5. MAJOR PLAYERS 5.1 Videocon Industries Limited 5.2 Whirlpool India 5.3 Mirc 5.4 Panasonic 5.5 Voltas 5.6 BPL Limited
6. REGULATIONS 6.1 Customs Duty 6.2 Excise Duties 6.2.1 Government plans to slash custom tariffs in step with Asian rates 6.2.2 Semiconductor Policy notified by government 6.3 Montreal Protocol