India Washing Machine Market to Grow with a CAGR of 7.25% During the Forecast Period
Increasing nuclear families in India and rising disposable income will fuel the India washing machine market through 2028. According to TechSci Research report, “ India Washing Machine Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast , 2018-2028F” India washing machine market is forecast to grow at an impressive CAGR of 7.25% in the forecast period due to rapidly surging demand from the home appliances industry. The market's growth is stimulated by increasing urbanization, rising disposable income of consumers, and an increasing population. The demand for washing machines is likely to register sustainable growth in the projected period due to the increasing working population and changing lifestyles. Over the years, washing machines have been an essential home appliance component in Indian households. With rising awareness among customers, they seek "value options" that balance the characteristics of price, quality, convenience, consiste