With the removal of COVID-19 lockdowns and an easing of supply chain disruptions, value sales (at constant 2022 prices) of home furnishings are expected to increase then stabilise over the forecast period. However, growth will remain modest since many local consumers are expected to focus their spending on experiences they were deprived of during the lockdown.
Local consumers increasingly value connectivity in their homes, particularly through the use of smart systems. In lighting, for example, the Hue family of products from Philips provides a smart connectivity solution for consumers in Hong Kong.
Sustainability is expected to be a major trend in local home furnishings over the forecast period. In 2022, consumers became increasingly aware of sustainability concerns but many continued to see sustainability credentials as “nice to have” rather than a factor that would strongly influence their purchasing decisions.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Home Furnishings 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 Home Furnishings 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.
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See All of Our DefinitionsThis report originates from Passport, our Home Furnishings research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!