PROSPECTS AND OPPORTUNITIES
Home products specialists may need to adapt to the needs of price sensitive consumers
Sales through home products specialists should be backed up by an increasing interest in home renovation and interior design with an increasingly wide range of home products, including furniture, décor, and DIY supplies appearing in the market. It is likely that DIY products and personalised and customised home products (especially multifunctional and space-saving furniture) will see particularly strong demand with these catering to individual consumer preferences and potentially driving customer loyalty.
Price concerns and an increased focus on sustainability likely to inform purchasing behaviour
Home improvement and gardening stores and homewares and home furnishing stores are expected to compete mainly on price over the forecast period which could lead towards a price war. This could hamper the performance of these channels over the forecast period and potentially force some players to seek out opportunities in niche areas of the market.
Pet humanisation trend likely to remain a key factor driving the growth of pet shops and superstores
It is likely that owners will increasingly treat their pets as family members with this likely to be driven by the growing focus on pets as companions for the elderly or as substitutes for starting a family. This phenomenon could lead owners to invest more in high-quality food, healthcare, and lifestyle products for their pets.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists industry in Thailand 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 Products Specialists industry in Thailand, 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 Products Specialists in Thailand 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 Products Specialists in Thailand?
- Which are the leading retailers in Home Products Specialists in Thailand?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in Thailand - Category analysis
KEY DATA FINDINGS
Urbanisation and a trends towards small-living spaces supports sales through home products specialists
Product variety and in-store services are key strategies to success
Pet humanisation trend supporting dynamic growth in pet shops and superstores
Home products specialists may need to adapt to the needs of price sensitive consumers
Price concerns and an increased focus on sustainability likely to inform purchasing behaviour
Pet humanisation trend likely to remain a key factor driving the growth of pet shops and superstores
Retail in Thailand - Industry Overview
Retail in 2024: The big picture
Potential for further growth in Retail E-Commerce
Soft power influencing and shaping the Thai retail landscape
Positive and promising outlook for Retail in Thailand over the forecast period
Informal retail
Opening hours for physical retail
Seasonality
Payday shopping
Mid-year and year-end sales
Black-to-School
Valentine’s Day
Thai Mother’s Day
Thai Father’s Day
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
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 Products Specialists research and analysis database.
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