The household utilities sector in India has witnessed significant growth in recent years, driven by factors such as urbanization, rising disposable incomes, and a growing preference for branded household utilities products. This article provides a comprehensive overview of the household utilities market in India, focusing on market analysis, key players, and industry outlook.

The Market Overview of Household Utilities Industry

The household utilities market in India is projected to grow at a CAGR of 5% by 2027, reaching a market size of USD 1,992.45 million. The market is segmented by product, material, end-user, and distribution channel, offering a diverse range of opportunities for market players.

Who are the Top Players of Household Products Market

The household utilities market in India is dominated by several key players, including TTK Prestige, Hawkins Cookers, Stovekraft, Bajaj Electricals, and Wonderchef. 

These companies have established a strong presence in the market through product innovation, strategic partnerships, and expansions.

Read more- The $4.8 trillion by 2028, Key Players are Booming Household Utilities Market

Market Analysis of Household Industry in India

The household utilities market in India is influenced by several factors, including changing consumer lifestyles, increasing disposable incomes, and a surge in home cooking. The household utilities sector includes a diverse array of products such as pots, pans, utensils, and appliances essential for cooking in both households and commercial settings.

Conclusion

The household utilities market in India presents a wealth of opportunities for market players, with a growing demand for branded household utilities products, rising disposable incomes, and a surge in home cooking. Despite challenges such as price sensitivity and counterfeit products, the market is poised for growth, driven by factors such as the rise of online retail, premiumization and customization, and the adoption of smart and connected cookware.