PROSPECTS AND OPPORTUNITIES
Smart lighting and energy efficiency to drive demand for lighting
As long as Hong Kong’s housing market and broader retail environment continues to face challenges, demand for home furnishings will remain under pressure. Many households will focus on essential needs rather than discretionary purchases, which will continue to impact the home furnishings category.
Smart home integration to drive growth in home décor
A significant trend anticipated in home furnishings over the forecast period is the rapid expansion of the home décor segment, driven largely by the adoption of smart home technologies. As consumers increasingly seek to enhance their living spaces with intelligent, connected devices, there is a growing demand for furnishings that seamlessly integrate with smart home systems.
Smart multifunctional furniture to drive innovation in home furnishings
Another notable innovation trend is the emergence of smart, multifunctional furniture designed to address the city's limited living spaces and the increasing demand for tech-integrated lifestyles. This trend encompasses furniture pieces equipped with built-in technologies such as wireless charging, embedded speakers, and voice-activated controls, seamlessly integrating with smart home systems to enhance user convenience and connectivity.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Home Furnishings industry in Hong Kong, China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Furnishings industry in Hong Kong, China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Furnishings in Hong Kong, China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Furnishings in Hong Kong, China?
- Which are the leading brands in Home Furnishings in Hong Kong, China?
- How are products distributed in Home Furnishings in Hong Kong, China?
- How is the rise of e-commerce changing the retail and competitive landscape?
- Have home seclusion and social distancing measures following COVID-19 benefited sales of Home Furnishings?
- Has the economic fall-out of COVID-19 negatively or positively impacted consumer interest and demand for Home Furnishings?
- Where is future growth expected to be most dynamic?
Home Furnishings in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Cautionary consumer spending limits sales of home furnishings
A-Fontane Group witnesses growth via innovation and sustainable focus
Retail e-commerce witnesses declining share as consumer priorities shift
Smart lighting and energy efficiency to drive demand for lighting
Smart home integration to drive growth in home décor
Smart multifunctional furniture to drive innovation in home furnishings
Home and Garden in Hong Kong, China - Industry Overview
Home and garden in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for home and garden?
DISCLAIMER
The following categories and subcategories are included:
Home Furnishings
-
-
- Bath Textiles
- Bed Textiles
- Kitchen and Dining Textiles
- Living Room Textiles
- Rugs
-
-
- Beds
- Chests of Drawers
- Mattresses
- Wardrobes
- Dining Furniture
- Home Office Furniture
- Kitchen Furniture
- Living Room Furniture
-
- Sofa Beds
- Other Sofas
- Other Sitting Furniture
- Storage Furniture
- Other Indoor Furniture
-
-
- Blinds
- Curtains
-
-
-
- Charcoal Barbecues
- Electric Barbecues
- Gas Barbecues
- Outdoor Furniture
-
-
- Lighting Fixtures
-
- Incandescent Lamps
- Halogen Lamps
- Linear Fluorescent Lamps (LFL)
- Compact Fluorescent Lamps (CFL)
- Light-Emitting Diode Lamps (LED)
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Furnishings research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!