PROSPECTS AND OPPORTUNITIES
Wall coverings to support sales as home improvements category faces trading conditions
Hong Kong’s challenging economic climate and weak housing market is expected to weigh on sales growth over the forecast period. High mortgage interest rates have made refinancing and home equity borrowing less attractive in Hong Kong, thus limiting the funds homeowners typically rely on to make house renovations.
Eco-conscious living drives smart home integration and sustainability in homes
Hong Kong homeowners are increasingly prioritising eco-conscious living, leading to a surge in smart home integrations that enhance both sustainability and convenience. Innovations such as automated lighting and climate control systems are becoming commonplace, optimising energy consumption by adjusting to environmental conditions.
Modern-rustic design redefines luxury and comfort in home interiors
There is a growing appreciation for modern-rustic design elements in Hong Kong's interiors. This style harmoniously blends contemporary minimalism with rustic textures, creating spaces that are both stylish and inviting.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Improvement 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 Improvement 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 Improvement 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 Improvement in Hong Kong, China?
- Which are the leading brands in Home Improvement in Hong Kong, China?
- How are products distributed in Home Improvement 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 Improvement?
- Has the economic fall-out of COVID-19 negatively or positively impacted consumer interest and demand for Home Improvement?
- Where is future growth expected to be most dynamic?
Home Improvement in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Home painting emerges as the most dynamic category in home improvement
Nippon Paint (HK) solidifies position in competitive landscape
Home improvement and gardening stores remain the primary channel
Wall coverings to support sales as home improvements category faces trading conditions
Eco-conscious living drives smart home integration and sustainability in homes
Modern-rustic design redefines luxury and comfort in home interiors
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 Improvement
- Bathroom and Sanitaryware
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- Carpets
- Floor Tiles
- Wooden Flooring
- Other Floor Covering
- Hand Tools
- Hardware
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- Lacquer and Varnish
- Decorative Paint
- Kitchen Sinks
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- Corded Drills
- Cordless Drills
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- Other Corded Power Tools
- Other Cordless Power Tools
- Power Tool Accessories
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- Wall Tiles
- Wallpaper
- Other Home Improvement
Home Improvement
Includes: products purchased by consumers through retail channels.Excludes: commercial sales to professional builders / tradesmen / contractors etc. Home improvement refers to bathroom and sanitaryware, decorating sundries, floor covering, hand tools, hardware, home paint, kitchen sinks, power tools, wall covering and other home improvement.
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 Improvement research and analysis database.
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