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Global Pneumatic Seal Market Expected to Reach USD 215 6 Million by 2027
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Global Household Vacuum Cleaners Market Expected to Reach USD 21,321 4 Million by 2027
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But, will this have an impact on the sales growth of appliances? Kamal Nandi, Business Head & Executive Vice President at Godrej Appliances and President of the Consumer Electronics and Appliances Manufacturers Association (CEAMA) said, In the second quarter of FY21, the industry grew by 10-12 per cent year-on-year. The growth rate in the third quarter has been in excess of 15 per cent. Given the price hike, we will see a dip in the growth rate. Growth may slow down to 7-8 per cent in Q4.
Nandi added that earlier the consumers make purchases, the better it is for them. As of now, old stock is available in the market place. Once this stock is liquidated, the fresh stock will come in at a higher price, he explained.
Expect TV, home appliances prices to rise by 10% from January PTI
New Delhi: Prices for LED TV and appliances such as refrigerator, washing machines are expected to go up by around 10 per cent from January next year on account of rise in costs of key input materials like copper, aluminium and steel and increase in ocean and air freights charges.
Besides, prices of TV panels (Opencell) have also gone up by over two-folds due to short supply by the global vendors, while cost of plastic has also gone up due to rise in crude oil prices, said manufacturers.
Terming it as imminent and unavoidable, manufacturers such as LG, Panasonic and Thomson are going to increase the prices from January, however, Sony is still reviewing the situation and is yet to take a call on this.
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