Technical consumer goods market in India sees remarkable 29% value growth in 2022: Report

According to GfK Market Intelligence’s offline sales tracking for January to December 2022, Technical Consumer Goods (TCG) in India experienced a value growth of 29% compared to the same period in 2021.

The premium products category grew up to nine times faster than the entire segment, with growth across smartphones, refrigerators, and air conditioners. In 2022, the premium products category within the consumer tech goods market experienced a remarkable growth rate in India, outpacing the growth of the overall segment by up to nine times. This growth was not limited to a specific product category but was seen across various segments, such as smartphones, refrigerators, and air conditioners.