Consumer Electronics Retail in Hong Kong
Summary
Consumer Electronics Retail in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The consumer electronics retail market comprises the sales of communications equipment, computer hardware and software, consumer electronics, household appliances, and photographic equipment. The market value represents the retail sales value of consumer electronics.
- The Hong Kongese consumer electronics retail market recorded revenues of $4.4 billion in 2023, representing a negative compound annual growth rate (CAGR) of 3% between 2018 and 2023.
- The communications equipment segment accounted for the market's largest proportion in 2023, with total revenues of $2.2 billion, equivalent to 50.1% of the market's overall value.
- In 2023, the contraction of the Hong Kong consumer electronics retail market was primarily due to the aftermath of ongoing political unrest and economic uncertainties. The pro-democracy protests that began in 2019 have had a prolonged impact on consumer confidence and spending behavior.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the consumer electronics retail market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the consumer electronics retail market in Hong Kong
- Leading company profiles reveal details of key consumer electronics retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong consumer electronics retail market with five year forecasts
- What was the size of the Hong Kong consumer electronics retail market by value in 2023?
- What will be the size of the Hong Kong consumer electronics retail market in 2028?
- What factors are affecting the strength of competition in the Hong Kong consumer electronics retail market?
- How has the market performed over the last five years?
- What are the main segments that make up Hong Kong's consumer electronics retail market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What are the most recent developments in the market?
- 8 Company Profiles
- 8.1. JD.com Inc
- 8.2. A.S. Watson Group (HK) Ltd
- 8.3. GOME Retail Holdings Ltd
- 8.4. Suningcom Group Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Hong Kong consumer electronics retail market value: $ million, 2018-23
- Table 2: Hong Kong consumer electronics retail market category segmentation: % share, by value, 2018-23
- Table 3: Hong Kong consumer electronics retail market category segmentation: $ million, 2018-23
- Table 4: Hong Kong consumer electronics retail market geography segmentation: $ million, 2023
- Table 5: Hong Kong consumer electronics retail market distribution: % share, by value, 2023
- Table 6: Hong Kong consumer electronics retail market value forecast: $ million, 2023-28
- Table 7: JD.com Inc: key facts
- Table 8: JD.com Inc: Annual Financial Ratios
- Table 9: JD.com Inc: Key Employees
- Table 10: A.S. Watson Group (HK) Ltd: key facts
- Table 11: A.S. Watson Group (HK) Ltd: Key Employees
- Table 12: GOME Retail Holdings Ltd: key facts
- Table 13: GOME Retail Holdings Ltd: Annual Financial Ratios
- Table 14: GOME Retail Holdings Ltd: Key Employees
- Table 15: Suningcom Group Co Ltd: key facts
- Table 16: Suningcom Group Co Ltd: Annual Financial Ratios
- Table 17: Suningcom Group Co Ltd: Key Employees
- Table 18: Hong Kong Size of Population (million), 2019-23
- Table 19: Hong Kong real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 20: Hong Kong GDP (Current Prices, $ Billion), 2019-23
- Table 21: Hong Kong Inflation, 2019-23
- Table 22: Hong Kong Consumer Price Index (Absolute), 2019-23
- Table 23: Hong Kong exchange rate, 2018-23
- List of Figures
- Figure 1: Hong Kong consumer electronics retail market value: $ million, 2018-23
- Figure 2: Hong Kong consumer electronics retail market category segmentation: $ million, 2018-23
- Figure 3: Hong Kong consumer electronics retail market geography segmentation: % share, by value, 2023
- Figure 4: Hong Kong consumer electronics retail market distribution: % share, by value, 2023
- Figure 5: Hong Kong consumer electronics retail market value forecast: $ million, 2023-28
- Figure 6: Forces driving competition in the consumer electronics retail market in Hong Kong, 2023
- Figure 7: Drivers of buyer power in the consumer electronics retail market in Hong Kong, 2023
- Figure 8: Drivers of supplier power in the consumer electronics retail market in Hong Kong, 2023
- Figure 9: Factors influencing the likelihood of new entrants in the consumer electronics retail market in Hong Kong, 2023
- Figure 10: Factors influencing the threat of substitutes in the consumer electronics retail market in Hong Kong, 2023
- Figure 11: Drivers of degree of rivalry in the consumer electronics retail market in Hong Kong, 2023
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