Consumer durables report steady growth in 2019; slowdown a threat in 2020

The consumer durables industry returned to a steady growth path in 2019 after almost two flat years but might not be able to repeat the feat in the coming year as broader market indicates economic slowdown.

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent, largely helped by long and harsh summer, which lifted sales of compressor-based cooling products such as AC and refrigerators.

The industry, however, continued to face challenges in segments like TV panels and microwave, which failed to deliver a notable performance during 2019.

The Consumer Electronics