SECTOR: Consumer Durables - Domestic Appliances
₹ 2406.28 Cr.
₹ 2641.41 Cr.
₹ 28.74 Cr.
₹ 263.87 Cr.
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The Consumer Durable sector in India has attracted significant investments over the years which resulted in increasing demand and also facilitated by the rise in disposable income. Indian Appliance and Consumer Electronics Industry’s market size was 21.49 billion USD in FY17 and is expected to be at 48.37 billion USD by FY22. The unorganized markets will provide scope for the rural markets to grow in fast paces because of the increase in the shift to organized markets.
The key growth drivers for the consumer durables sector are modernization, changing lifestyles, increasing awareness, rising incomes, convenient shopping options, etc. the relaxation by the government for FDI will also boost the sector.
PG Electroplast is India’s famous brand in the consumer durable segment nationally and globally. Let's study some key parameters of the company: