India Refrigerator Market to Grow with a CAGR of 11.62% During the Forecast Period
Improving living standards with rising disposable income will fuel the Indian refrigerator market through 2028F. According to TechSci Research report, “ India Refrigerator Market – Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The Indian refrigerator market is forecast to grow at an impressive CAGR of around 11.62% in the forecast period due to rapidly surging demand from the consumer durables industry. In India, the market's growth is stimulated by the rising urbanization, the rising disposable income of consumers, and the technological advancements contributing to increased convenience at low prices. The demand for refrigerators in the projected period is likely to register sustainable growth due to the increasing working population and preference for modernity in living standards. Over the years, refrigerators have been widely used across households and commercial places to provide a convenient and safe means of food preservation. They ar