Hong Kong, China Home and Garden

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,100	41 Pages	Euromonitor International	May, 2024	EP18816285

Best Price Guarantee
Price	from $2,100
Length	41 Pages
Publisher	Euromonitor International
Published Date	May, 2024
SKU	EP18816285

Home and Garden in Hong Kong, China

Following considerable expansion of 6.4% in 2021, annual real GDP in Hong Kong shrank by 3.5% over 2022. The city's economic environment deteriorated during the year, due to a combination of factors, including a fifth wave of COVID-19 and sluggish private spending. Hong Kong’s economy underperformed with average growth of 3.9% during the year. Towards the end of 2022, Hong Kong initiated the easing of certain pandemic-related restrictions, such as lifting the requirement for a virus tracing app...

Euromonitor International's Home and Garden in Hong Kong, China report offers a comprehensive guide to the size and shape of market demand at a national level. It provides the latest retail sales data (historic date range), allowing you to identify the categories driving growth. It also identifies the leading companies and their brands, and offers strategic analysis of key factors influencing demand - from new product developments, consumer lifestyles, route to market and pricing issues. Forecasts to 2028 illustrate how market demand is expected to evolve in the medium-term

Product coverage: Home Improvement and Gardening, Homewares and Home Furnishings.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Home and Garden market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Home and Garden in Hong Kong, China
Euromonitor International
May 2024
List Of Contents And Tables
HOME AND GARDEN IN HONG KONG, CHINA
EXECUTIVE SUMMARY
Home and garden in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for home and garden?
MARKET DATA: Table 1 Sales of Home and Garden by Category: Value 2018-2023; Table 2 Sales of Home and Garden by Category: % Value Growth 2018-2023; Table 3 NBO Company Shares of Home and Garden: % Value 2019-2023; Table 4 LBN Brand Shares of Home and Garden: % Value 2020-2023; Table 5 Penetration of Private Label in Home and Garden by Category: % Value 2018-2023; Table 6 Distribution of Home and Garden by Format: % Value 2018-2023; Table 7 Distribution of Home and Garden by Format and Category: % Value 2023; Table 8 Forecast Sales of Home and Garden by Category: Value 2023-2028; Table 9 Forecast Sales of Home and Garden by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES: Summary 1 Research Sources
GARDENING IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Urbanisation aids growth of garden care in Hong Kong
Lack of outdoor space in Hong Kong drives demand for green spaces at home
Growing environmentalism supports use of plant protection
PROSPECTS AND OPPORTUNITIES
Indoor plants to witness marginal growth due to growing environmental consciousness
Increasing sales of walk power lawn mowers over the forecast period
CATEGORY DATA: Table 10 Sales of Gardening by Category: Value 2018-2023; Table 11 Sales of Gardening by Category: % Value Growth 2018-2023; Table 12 NBO Company Shares of Gardening: % Value 2019-2023; Table 13 LBN Brand Shares of Gardening: % Value 2020-2023; Table 14 Distribution of Gardening by Format: % Value 2018-2023; Table 15 Forecast Sales of Gardening by Category: Value 2023-2028; Table 16 Forecast Sales of Gardening by Category: % Value Growth 2023-2028
HOME FURNISHINGS IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Saturation in local market leads to declining sales of home furnishings
Further drop for halogen lamps due to more affordable solutions
Consumers focus on essential furniture purchases
PROSPECTS AND OPPORTUNITIES
Sales of mattresses set to stabilise, supported by innovation
Storage furniture set to return to growth due to rising urbanisation
CATEGORY DATA: Table 17 Sales of Home Furnishings by Category: Value 2018-2023; Table 18 Sales of Home Furnishings by Category: % Value Growth 2018-2023; Table 19 NBO Company Shares of Home Furnishings: % Value 2019-2023; Table 20 LBN Brand Shares of Home Furnishings: % Value 2020-2023; Table 21 LBN Brand Shares of Light Sources: % Value 2020-2023; Table 22 Distribution of Home Furnishings by Format: % Value 2018-2023; Table 23 Forecast Sales of Home Furnishings by Category: Value 2023-2028; Table 24 Forecast Sales of Home Furnishings by Category: % Value Growth 2023-2028
HOME IMPROVEMENT IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Growth for carpets as consumers look to add warmth to living environments
Increase in DIY projects supports sales of drills in 2023
Home renovations support sales of floor tiles in Hong Kong
PROSPECTS AND OPPORTUNITIES
Decorative paint to record solid demand as consumer look to personalise spaces
New housing projects have limited scope for home improvement
CATEGORY DATA: Table 25 Sales of Home Improvement by Category: Value 2018-2023; Table 26 Sales of Home Improvement by Category: % Value Growth 2018-2023; Table 27 NBO Company Shares of Home Improvement: % Value 2019-2023; Table 28 LBN Brand Shares of Home Improvement: % Value 2020-2023; Table 29 Distribution of Home Improvement by Format: % Value 2018-2023; Table 30 Forecast Sales of Home Improvement by Category: Value 2023-2028; Table 31 Forecast Sales of Home Improvement by Category: % Value Growth 2023-2028
HOMEWARES IN HONG KONG, CHINA
KEY DATA FINDINGS
2023 DEVELOPMENTS
Consumers shift away from non-essential items, driving decline for homewares
Beverageware experiences decline in 2023 due to discretionary spending habits
Food storage loses ground due to preference for convenience food
PROSPECTS AND OPPORTUNITIES
Stagnation for stove top cookware due to preference for compact appliances
Rise in casual dining experiences to constrain growth of dinnerware
CATEGORY DATA: Table 32 Sales of Homewares by Category: Value 2018-2023; Table 33 Sales of Homewares by Category: % Value Growth 2018-2023; Table 34 Sales of Homewares by Material: % Value 2018-2023; Table 35 NBO Company Shares of Homewares: % Value 2019-2023; Table 36 LBN Brand Shares of Homewares: % Value 2020-2023; Table 37 Distribution of Homewares by Format: % Value 2018-2023; Table 38 Forecast Sales of Homewares by Category: Value 2023-2028; Table 39 Forecast Sales of Homewares by Category: % Value Growth 2023-2028