1 hr ago
India Consumer Durables Market To Reach Rs 3.25 Lakh Crore
India’s consumer durables industry includes products such as televisions, refrigerators, washing machines, and air conditioners.
A BCG-CII report says the market could grow to Rs 3.25 lakh crore by 2030.
The industry’s share of trade is currently below 1%.
India is expected to make more of these products and parts locally.
However, some important components are still difficult to produce domestically.
These include television screens, air-conditioner compressors, refrigerator insulation, and washing-machine motors.
The report says companies also need to spend more on research and development.
It recommends using newer forms of artificial intelligence and building factories that can serve both Indian and export markets.
India’s consumer durables market is projected to reach Rs 3.25 lakh crore by 2030.
The sector’s trade share is currently below 1%, according to the BCG-CII report.
Localisation is estimated to rise to 30% to 80% by 2030, but key component gaps remain.
Television display panels, RAC compressors, refrigerator insulation, and washing machine motors remain heavily import-dependent.
The report recommends stronger research, export-oriented capacity, and agentic and generative AI adoption to improve competitiveness.
- Who
- India’s consumer durables manufacturers and the BCG-CII report.
- What
- The market is projected to reach Rs 3.25 lakh crore by 2030, while localisation and competitiveness remain key challenges.
- Where
- India, with potential capacity serving both domestic and export markets.
- When
- By 2030.
- Why
- To reduce import reliance, overcome technology and demand-related barriers, and achieve competitive scale.
Key facts
- Projected market size
- Rs 3.25 lakh crore by 2030
- Current trade share
- Below 1%
- Projected localisation
- 30% to 80% by 2030
- Persistent component gaps
- Television display panels, RAC compressors, refrigerator insulation, and washing-machine motors
- Research and development
- The top ten listed Indian consumer durables manufacturers invest under 1% of revenue in R&D
- Global peer comparison
- Global peers invest 1% to 4% of revenue in R&D
- Recommended technology
- Agentic and generative AI across manufacturing, procurement, and supply chains
Quotes
BCG-CII report
Report jointly cited by the Boston Consulting Group and Confederation of Indian Industry
“As these domestic capacities are built, the ambition should not stop at import substitution-achieving competitive scale will increasingly require capacities that can serve both India & export markets,”
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Sources
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