Appliances and electronics specialists is set to return to solid, stable current value growth in Hong Kong in the forecast period. The decline in sales in 2023 was attributed to the rebound in outbound travel and social activities outside of the home.
Leading retailers such as Fortress, Broadway, and Suning have well-developed online stores with comprehensive customer services, including instant inquiries, exclusive promotions, mobile payments, speedy delivery, and after-sales services. These players will continue to help drive sales of electronics and appliances via e-commerce thanks to their complete customer shopping experience.
As the local economy has been weak due to the years of pandemic, it will take time for the market to recover. However, more e-commerce players are expected to expand their sales via cross-border e-commerce; coupled with rising tourist consumption after the reopening of borders, and the consumption circle in the Greater Bay Area that the government has been promoting.
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 Appliances and Electronics Specialists 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 Appliances and Electronics Specialists 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.
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See All of Our DefinitionsThis report originates from Passport, our Appliances and Electronics Specialists 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!