Sector Snapshot · Consumer Durables

India's Appliance and Electronics Boom

A fast-read primer on India's consumer durables sector — the backdrop against which we benchmark every company's cost structure in this category.

US$133.64 bn

Electronics hardware production, 2025

99.2%

Domestic smartphone production share, FY24

US$37.34 bn

Electronic goods exports, FY24-25

US$75 bn

India's appliance & electronics market, 2024

Projected global rank for consumer durables market by FY27

Manufacturing Scale Is Compounding Fast

Domestic production capacity has grown dramatically, and the appliance market is set to nearly double by 2034.

Appliance & Consumer Electronics Industry (US$ bn)

2025 → 2034 forecast

$89.5bn

2025

$158.4bn

2034F

Electronics Hardware Production (US$ bn)

2020 → 2024 · 14.5% CAGR

$72.38bn

2020

$108.64bn

2024

What's Pushing the Sector Forward

Manufacturing scale-up, rising demand, and strong policy backing are all in play.

Manufacturing Scale-Up

Mobile manufacturing units grew from 2 (2014) to 300+ (FY25)
Domestic smartphone production rose to 99.2%

Rising Demand

Market to reach Rs3 lakh crore (US$33.6bn) by FY29 at 11% CAGR
India to become the 4th-largest consumer durables market by FY27

Policy & Investment

PLI scheme for White Goods targets Rs11,198cr investment from 85 companies
100% FDI allowed in electronics hardware manufacturing

Recent Developments

A sample of the industry-wide and policy moves shaping the sector through early 2026.

→ India aims for US$300 billion in electronics manufacturing and US$120 billion in exports by FY26.
→ Electronic goods attracted Rs 56,651.88 crore (US$7.67bn) in FDI inflows since April 2000.
→ The government approved a Rs417 crore Electronics Manufacturing Cluster (EMC 2.0) in Uttar Pradesh.
→ PLI scheme for White Goods' fourth round: five companies committed Rs863 crore, targeting Rs8,337 crore in production by FY28.
→ India's luggage industry is projected to reach Rs26,700 crore by 2028, at a 12% CAGR.
→ The National Policy of Electronics 2019 and GST reforms continue to shape category economics.

Companies We Benchmark in This Sector

Listed Indian Consumer Durables companies in tDoBe's cost-benchmarking coverage.

Titan Company

Asian Paints

LG Electronics

Dixon Technologies

Havells India

Berger Paints

Kalyan Jewellers

Voltas

Blue Star

Metro Brands

Amber Enterprises

Thangamayil Jewellery

Kajaria Ceramics

Century Plyboard

PG Electroplast

Kansai Nerolac

Crompton Greaves Consumer

Shaily Engineers

See How These Companies Compare on Cost

The numbers above set the stage. Our Report translates it into a company-by-company cost benchmark — down to the category — so you can see exactly where a business sits against its peers.

Explore the Consumer Durables Report