With a population of more than 1.2 billion, over 3, 50,000 chimneys are sold in India every year.
The Indian kitchens have notably evolved over the past few years, for the better and so does the kitchen appliances. Gas stoves have been replaced by hob tops, the simple refrigerator has been replaced by the smart convertible ones and exhaust fans are now replaced with the stylish and more effective kitchen chimney.
Kitchen chimneys have become an integral part of urban Indian households and are now steadily entering small cities too. Chimneys are increasing in demand as it sucks up all the fumes, smoke and grime while cooking, and protects the kitchen walls from oil and grease stains.
With a population of more than 1.2 billion, more than 3,50,000 chimneys are sold in India every year. The kitchen chimney market is projected to grow at a CAGR of over 15% by 2023 and will continue to be in demand. Moreover, the sales of kitchen chimneys are executed via a distribution network, thus making it a profitable distribution business to begin with.
Favourable Market Outlook
It seems extraordinary that kitchen chimneys were used in bakery shops nearly 3000 years ago in Rome. However, they were relatively late in making their debut in India, even though the Indian homes should have provided them with natural habitat. However, the Indian market is quickly picking up pace.
There has been a significant rise in the demand for kitchen chimneys in India. This high growth of Indian chimney market is buoyed by rising consumer awareness and growing demand for modular kitchen solutions, across the country; coupled with declining ownership cost of chimneys in India, thus increasing the adoption power.
Thus, with declining prices, gaining popularity in youth and middle-aged income groups, construction of villas, residential apartments and renovation of the existing kitchen, India’s electric chimney market is anticipated to register higher growth, not only from urban and suburban areas but also from small cities & towns.
Remarkably, smaller towns showed a much higher rate of growth, indicating that the kitchen chimney market could run deep and long. This indicates that kitchen chimneys are being increasingly sold like any other kitchen appliance and beholds huge potential for entrepreneurs seeking distributorship in this section.
Smokin’ Opportunity in Chimney Distributorship
With burgeoning demand for kitchen chimneys, the market is flourishing. Thus, investing in a kitchen chimney distribution business will yield you smokin’ profits. Once a nascent market, Kitchen chimneys have emerged as one of the most profitable segments in kitchen appliances. Many new and established brands have entered the market with their own range of kitchen chimneys. So, if you are thinking of venturing into the distribution business, consider the kitchen chimney distribution for a profitable future.
The investment required for becoming a kitchen chimney distributor depends on the brand you are associating with. The investment range may start from INR 5-10 Lakhs. Since kitchen chimneys come under large appliances, the area required for the storage is more, starting from a minimum 1000 sq. ft.