India consumer durables market seen reaching ₹3-3.25 lakh crore by 2030
A CII-BCG report projects 8-10% annual growth from an estimated ₹2.01 lakh crore market in 2025, with room ACs leading demand and domestic value addition offering a ₹40,000-50,000 crore opportunity.
What happened
Confederation of Indian Industry (CII) · CII and BCG forecast India’s consumer durables market will grow 8-10% annually to ₹3-3.25 lakh crore by 2030, led by
Key facts
- India consumer durables market projected to reach ₹3-3.25 lakh crore by 2030
- 8-10% annual growth forecast
- Market estimated at ₹2.01 lakh crore in 2025
- ₹40,000-50,000 crore domestic value-addition opportunity over five years
- RAC category projected at ₹70,000-75,000 crore by 2030
What changed
CII and BCG forecast India’s consumer durables market will grow 8-10% annually to ₹3-3.25 lakh crore by 2030, led by air conditioners. The report highlights component localisation, manufacturing, exports and R&D as major industry opportunities.
Why this matters
The forecast supports a multi-year growth case for consumer-durables brands and component suppliers, with RAC demand and localisation likely to drive outsized value creation.
What to watch
- Summer temperature anomalies, heatwave frequency and regional electricity reliability.
- AC sales growth, channel inventory levels and pre-season dealer orders.
- RBI consumer-credit conditions, EMI penetration, delinquency trends and financing approval rates.
- BEE efficiency-rule changes, refrigerant regulations and state-level energy subsidies.
- Announcements of domestic compressor, electronics, motor and heat-exchanger manufacturing capacity.