PROSPECTS AND OPPORTUNITIES
Sustainability labels a key factor for local consumers
The outlook for home laundry appliances in Hong Kong is positive over the forecast period, although value growth (at constant 2024 prices) is set to outperform volume growth due to increasing demand for more sophisticated models. There is a growing trend among consumers to prioritise energy efficiency when selecting appliances for the home.
Smart appliances set to gain further share
With rising concerns over energy consumption and environmental sustainability, local consumers are actively seeking smart appliances that help reduce energy usage. Features such as energy monitoring and smart scheduling are particularly appealing to environmentally-conscious consumers.
E-commerce offers further growth potential in terms of saving time and costs
Appliances and electronics specialists remained the dominant distribution channel for home laundry appliances in Hong Kong at the end of the review period, with physical stores likely to continue driving sales over the forecast period. Many local consumers like to visit these outlets to physically inspect big-ticket items such as home laundry appliances and ask in-store assistants for their advice before making a significant investment.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Laundry Appliances 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 Laundry Appliances 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 Laundry Appliances 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 Laundry Appliances in Hong Kong, China?
- Which are the leading brands in Hong Kong, China?
- How are products distributed in Hong Kong, China?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Home Laundry Appliances in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Demand for automatic dryers notably declines due to lack of living space
Time-saving features in laundry appliances key to increasing demand
Sustainability labels a key factor for local consumers
Smart appliances set to gain further share
E-commerce offers further growth potential in terms of saving time and costs
Consumer Appliances in Hong Kong, China - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Home Laundry Appliances
- Built-in Home Laundry Appliances
- Freestanding Home Laundry Appliances
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- Built-in Automatic Dryers
- Freestanding Automatic Dryers
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- Built-in Automatic Washer Dryers
- Freestanding Automatic Washer Dryers
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- Built-in Automatic Washing Machines
- Freestanding Automatic Washing Machines
- Semi-Automatic Washing Machines
Home Laundry Appliances
Home laundry appliances includes the following categories: automatic dryers, automatic washing machines, automatic washer dryers and semi-automatic washing machines.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Home Laundry Appliances research and analysis database.
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