Consumer durables localisation could add Rs 50,000 crore in value by 2030: BCG-CII
India’s consumer durables market is projected to grow 8-10% annually to Rs 3-3.25 lakh crore by 2030. BCG and CII estimate faster localisation of components for TVs, ACs, refrigerators and washing machines could unlock Rs 40,000-50,000 crore in domestic value addition.
What happened
India consumer durables sector · BCG-CII projects India’s consumer durables market will reach Rs 3-3.25 lakh crore by 2030. Faster component localisation could
Key facts
- 8-10% annual market growth projected
- Rs 3-3.25 lakh crore market size by 2030
- Rs 40,000-50,000 crore domestic value-addition opportunity
- Domestic value addition could rise from 50-55% to 65-70% by 2030
- 25-70% current localisation across categories
What changed
BCG-CII projects India’s consumer durables market will reach Rs 3-3.25 lakh crore by 2030. Faster component localisation could unlock Rs 40,000-50,000 crore in domestic value addition, especially across TVs, air conditioners, refrigerators and washing machines.
Why this matters
Accelerate local sourcing and supplier development in TVs, ACs, refrigerators and washing machines to capture the projected rise in domestic value addition from 50-55% to 65-70% by 2030.