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The India Consumer Electronics & Home Appliances Exhibition (CEI) 2020
CEI – Bringing Global Electronics Trends to India
· Electronics demand is expected to reach US$ 400 billion by 2024
· India’s electronics market is one of the largest consumer electronics markets in Asia Pacific
· The Indian appliance and consumer electronics (ACE) market is expected to reach US$ 48.37 billion in 2022, growing at 9% CAGR compared to US$ 31.48 billion in 2017.
India is now the 5th largest growing economy in the world. The demand for appliances, consumer electronics and electronic hardware is growing year on year. At the same time, demand is rising not only from the cities but also from tier II & tier III towns driven by a combination of increased internet access and low cost smart phones.
Imports of electronic goods reached US$53 billion in FY18 while the markets in India as of FY18 for washing machines, refrigerators and air conditioners were estimated around US$ 1.09 billion, US$ 3.03 billion and US$ 3.1 billion, respectively. Imports contributed 20% of the domestic market for washing machines and refrigerators and around 30% for air conditioners in FY18.
The television industry in India is estimated to have reached US$10.19 billion in CY2017 and projected to reach US$13.31 billion in CY2020. India’s smartphone market in 2018 grew by 14.5% with a shipment of 142.3 million units. India is expected to have 829 million smartphone users by 2022.
At the same time, India has a huge untapped market with substantially lower penetration of consumer appliances, compared to other countries. In FY18, air conditioners had a penetration of 4% in India, compared to global average of 30%. India’s emerging rural areas have a great potential for appliances like washing machines and refrigerators. Television penetration in rural India was only 55% as of March 2018.
Capitalising on this tremendous demand, CEI 2020 looks to bring quality international manufacturers with contemporary and trendy consumer electronics and appliances to the Indian market. CEI will take place from 5-6-7 November, 2020 at the Bombay Exhibition Center, Mumbai, India.
The show looks to deliver business success by creating tremendous business opportunities in allied as well as complementary areas of the industry by bringing together various sectors of the appliance and consumer electronics industry under one roof.
The India Consumer Electronics & Home Appliances Exhibition 2020 presents a 360 degree sourcing, manufacturing and production solution for the Indian consumer appliance and electronics industry through creating a one stop comprehensive sourcing & trading platform.
India has a huge demand-supply gap due to which businesses cannot expand and grow to their full potential. CEI 2020 brings to India renowned international manufacturers who will boost manufacturing and trading prospects for Indian entrepreneurs by bridging the demand-supply gap. The CEI platform will create excellent opportunities to explore long-term business associations in the form of tie-ups, joint ventures, collaborations and import-export trading relations
CEI is the strategic converging event for exhibitors from all over the world looking to be an integral part of the growing consumer boom in India. The Expo takes the scope of international business forward by showcasing trendy & ‘in demand’ products to India’s top distributors, chain stores, hyper markets, trading houses, e-retailers and agents.
CEI comes in at a time when India’s dynamic consumer electronics and appliances market is booming. Strong consumption trends are being fuelled by increased affordability of products due to aggressive price points, all year long discounts – at both retail shops and e-commerce sites – and the increasing disposable income of the youngest working population in the world.
The time is right to explore the booming appliance and consumer electronics industry in India and CEI 2020 is the right platform to launch into the vast market that is India.
The exhibition is organized by SingEx Exhibitions Pte Ltd (Singapore), Worldex-Singex Exhibition (Guangzhou) Co. Ltd and Worldex India Exhibition and Promotion Pvt. Ltd.
For further information please visit: www.ceiworldexpo.com