+
India's rapid growth propels Kohler to top three markets, CEO Predicts
Interiors

India's rapid growth propels Kohler to top three markets, CEO Predicts

Kohler, the US-based kitchen and bathroom products’ company, is experiencing its most rapid growth in the Indian market, positioning India to become its third-largest market by 2024, according to David Kohler, the company's Chair and CEO.

Currently, India stands among the top five markets for Kohler. David Kohler noted that India boasts the world's swiftest-growing GDP among major economies, and within this context, the company's growth in India is even more remarkable, outpacing the global trend. He attributed this robust expansion to the burgeoning middle class and their increased purchasing power for household goods, a trend expected to continue. This advantageous position has established Kohler as a strong player in the premium market segment.

While the United States and China still constitute the company's primary markets, plans are underway to bolster manufacturing capabilities in India. With China's growth rate slowing down and a noticeable discrepancy in growth rates between India and China, Kohler anticipates this divergence to continue, particularly given China's projected more measured growth trajectory.

The company has been positively impacted by the repercussions of the Covid-19 pandemic, particularly in terms of increased home sales. People have come to recognise the value of investing in their homes, leading to a greater willingness to allocate additional resources towards enhancing living spaces and enriching experiences. Kohler has identified a renewed surge of interest in expanding bathroom dimensions as a result of this trend.

Kohler's manufacturing facilities are currently based in Gujarat, India, and the company has plans to expand its faucet manufacturing unit in the upcoming year.

Kohler, the US-based kitchen and bathroom products’ company, is experiencing its most rapid growth in the Indian market, positioning India to become its third-largest market by 2024, according to David Kohler, the company's Chair and CEO.Currently, India stands among the top five markets for Kohler. David Kohler noted that India boasts the world's swiftest-growing GDP among major economies, and within this context, the company's growth in India is even more remarkable, outpacing the global trend. He attributed this robust expansion to the burgeoning middle class and their increased purchasing power for household goods, a trend expected to continue. This advantageous position has established Kohler as a strong player in the premium market segment.While the United States and China still constitute the company's primary markets, plans are underway to bolster manufacturing capabilities in India. With China's growth rate slowing down and a noticeable discrepancy in growth rates between India and China, Kohler anticipates this divergence to continue, particularly given China's projected more measured growth trajectory.The company has been positively impacted by the repercussions of the Covid-19 pandemic, particularly in terms of increased home sales. People have come to recognise the value of investing in their homes, leading to a greater willingness to allocate additional resources towards enhancing living spaces and enriching experiences. Kohler has identified a renewed surge of interest in expanding bathroom dimensions as a result of this trend.Kohler's manufacturing facilities are currently based in Gujarat, India, and the company has plans to expand its faucet manufacturing unit in the upcoming year.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code