PROSPECTS AND OPPORTUNITIES
Ongoing economic uncertainty likely to lead to higher unit prices
The overall outlook for large cooking appliances in Hong Kong is positive over the forecast period, with a fairly low penetration rate in the local market (at just over 50%) offering further growth potential. Built-in hobs will remain the most popular type of large cooking appliance in Hong Kong, thereby supporting further demand for built-in cooker hoods.
Further move towards e-commerce for convenience and potential cost savings
Traditionally driven by store-based sales and non-retail channels such as builder merchants and construction, demand for large cooking appliances had to move online during the pandemic-imposed restrictions in Hong Kong. Despite greater mobility outside of the home and share gain for appliances and electronics specialists, e-commerce also continues to gain ground in 2024.
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Overview:
Understand the latest market trends and future growth opportunities for the Large Cooking 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 Large Cooking 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 Large Cooking 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 Large Cooking 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?
Large Cooking Appliances in Hong Kong, China - Category analysis
KEY DATA FINDINGS
Demand for large cooking appliances continues to grow, driven by built-in format
Smart features in cooker hoods attract tech-savvy younger consumers
Ongoing economic uncertainty likely to lead to higher unit prices
Further move towards e-commerce for convenience and potential cost savings
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:
Large Cooking Appliances
- Built-in Large Cooking Appliances
- Freestanding Large Cooking Appliances
- Built-in Hobs
- Ovens
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- Built-in Cooker Hoods
- Freestanding Cooker Hoods
- Cookers
- Range Cookers
Large Cooking Appliances
The large cooking appliances includes freestanding cookers, built-in ovens, built-in hobs and cooker hoods.
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This report originates from Passport, our Large Cooking Appliances research and analysis database.
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