TV, Washing Machine, Ovens: Festive Season May See Surge In Consumer Durable Demand

 This festive season, demand for premium home appliances and electronics is expected to surge this festival season. Items such as TV, vacuum cleaners and microwave ovens might witness strong year-on-year growth, according to data from market research firm GfK Market Intelligence. It added that the surge in festive demand points to the waning off of the pandemic effects.

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“Based on past trends, these four products (TV, microwave ovens, vacuum cleaners and washing machine) are expected to drive the growth of the consumer durable industry growth during this festive season as well," GfK Market Intelligence, which tracks sales of electronics items, said.Read more