India Hardware Market (2024-2030) | Analysis, Share, Revenue, Companies, Growth, Forecast, Outlook, Trends, Value, Size & Industry

Market Forecast By Type (Furniture Hardware, Motor Vehicle Hardware, Builder`s Hardware, Other Hardware) And Competitive Landscape

Product Code: ETC036704	Publication Date: Aug 2023	Updated Date: Apr 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

India Hardware Market Shipment Analysis

India Hardware Market registered a growth of 25.55% in value shipments in 2022 as compared to 2021 and an increase of 11.57% CAGR in 2022 over a period of 2017. In Hardware Market India is becoming more competitive as the HHI index in 2022 was 3973 while in 2017 it was 4675. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Hardware Market.

India Hardware Market Competition 2023

India Export Potential Assessment For Hardware Market (Values in Thousand)

India Hardware Market Synopsis

The India hardware market is anticipated to witness significant growth during the forecast period of 2020-2026, driven by increased investments for infrastructure development in the country. A surge in demand for technology products and services has also been observed due to digitalization initiatives undertaken by the government. The growth of this sector will be further supplemented by a rise in smart city projects that are expected to create new opportunities within the industry. Furthermore, with increasing disposable incomes among consumers and improved purchasing power parity, there has been an upsurge in sales of consumer electronics across India, which is expected to drive the hardware market over the next few years.

Drivers of the Market:

? Increasing investment from both public as well as private sectors into infrastructural developments such as smart cities have been boosting demand for various electronic components like servers, routers etc., thereby driving overall growth of hardware market

? Growing penetration of internet services along with rising adoption of mobile devices has enabled people to access information easily which is encouraging them towards usage & purchase on higher end computing solutions such as advanced laptops & tablets

? Expansion & upgradation activities carried out at data centers coupled with proliferation of cloud computing technologies are some factors acting positively on software segment expansion.

Trends of the Market:

? Emergence & adoption of Artificial Intelligence (AI) based solutions across industries ranging from healthcare to finance are creating lucrative prospects for advancement within semiconductor component space.

? Innovative features integrated within updated versions specific gadgets like smartphones featuring Augmented Reality (AR) capabilities or Wireless Charging facilities are trending amongst customers .

Challenges of the Market:

? High competition between vendors providing similar type products leading towards price wars might hamper product profitability margins.

? Cost associated with maintenance related activities post procurement can limit customer satisfaction levels affecting brand loyalty.

Key Players of the Market:

Major players operating within Indian hardware space include Dell Technologies Inc., Hewlett Packard Enterprise Co., IBM Corporation, Lenovo Group Ltd., Cisco Systems Inc., Microsoft Corporation and Apple Inc..

Key Highlights of the Report:

India Hardware Market Outlook
Market Size of India Hardware Market, 2023
Forecast of India Hardware Market, 2030
Historical Data and Forecast of India Hardware Revenues & Volume for the Period 2020-2030
India Hardware Market Trend Evolution
India Hardware Market Drivers and Challenges
India Hardware Price Trends
India Hardware Porter's Five Forces
India Hardware Industry Life Cycle
Historical Data and Forecast of India Hardware Market Revenues & Volume By Type for the Period 2020-2030
Historical Data and Forecast of India Hardware Market Revenues & Volume By Furniture Hardware for the Period 2020-2030
Historical Data and Forecast of India Hardware Market Revenues & Volume By Motor Vehicle Hardware for the Period 2020-2030
Historical Data and Forecast of India Hardware Market Revenues & Volume By Builder`s Hardware for the Period 2020-2030
Historical Data and Forecast of India Hardware Market Revenues & Volume By Other Hardware for the Period 2020-2030
India Hardware Import Export Trade Statistics
Market Opportunity Assessment By Type
India Hardware Top Companies Market Share
India Hardware Competitive Benchmarking By Technical and Operational Parameters
India Hardware Company Profiles
India Hardware Key Strategic Recommendations