PROSPECTS AND OPPORTUNITIES
Practicality to drive demand as multifunctional kitchenware gains favour
Hong Kong’s retail sector has been in a prolonged period of decline, with domestic consumption significantly reduced. The stronger Hong Kong dollar has encouraged residents to spend abroad, while cross-border shopping from mainland China has also decreased.
Eco-conscious materials to reshape homeware as sustainability gains importance
Sustainability will become a more dominant trend in homeware, driven by increasing environmental awareness and consumer demand for eco-friendly products. With Hong Kong facing environmental challenges like limited landfill space and high levels of waste, consumers are seeking homeware options that minimise their ecological footprint.
Smart home integration accelerates as urban consumers prioritise convenience and space efficiency
The rise of smart home technology is reshaping homeware in Hong Kong, as consumers embrace convenience and efficiency in their urban lifestyles. With high internet penetration and strong government support through initiatives like the "Smart City Blueprint," more households are adopting connected devices to enhance everyday living.
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Overview:
Understand the latest market trends and future growth opportunities for the Homewares 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 Homewares 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 Homewares 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 Homewares in Hong Kong, China?
- Which are the leading brands in Homewares in Hong Kong, China?
- How are products distributed in Homewares 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 Homewares?
- Has the economic fall-out of COVID-19 negatively or positively impacted consumer interest and demand for Homewares?
- Where is future growth expected to be most dynamic?
Homewares in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Consumers seek new products to elevate at-home dining experiences
SEB Asia Ltd consolidates its leading position
Home products specialists maintain solid position through omnichannel focus
Practicality to drive demand as multifunctional kitchenware gains favour
Eco-conscious materials to reshape homeware as sustainability gains importance
Smart home integration accelerates as urban consumers prioritise convenience and space efficiency
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:
Homewares
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- Beverageware
- Cutlery
- Dinnerware
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- Ovenware
- Stove Top Cookware
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- Food Storage
- Kitchen Utensils
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Homewares
Cooking utensils, dishes, tableware, cutlery, drinkware, serving trays and other small articles used in a home. Items must be new when sold to the consumer. Second-hand / used homewares are excluded, as are antique sales. Homewares refers to dining (beverageware, cutlery and dinnerware) and kitchen (cookware and kitchenware).
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 Homewares research and analysis database.
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