Executive Summary

Feb 2019
PROSPECTS
Players focus on increasing sales via the construction channel

While large cooking appliances in Hong Kong developed positively throughout the review period, growth in retail volume sales remained relatively modest overall. This led many players in the category to focus on fostering relationships with property developers in order to increase sales via the construction channel.

Induction increasingly favoured over gas in built-in hobs

Hong Kong has a strong “flame cooking” culture, as the various types of Asian cuisine that are popular among local consumers require high temperatures. To accommodate this cooking style, many consumers traditionally favour built-in gas hobs.

Consumer acceptance of smart products remains weak

Hong Kong is a well-known secondary market within the consumer appliances industry. As of 2018 there were no large cooking appliances produced specifically for the Hong Kong market, and this is unlikely to change over the forecast period.

COMPETITIVE LANDSCAPE
Hong Kong & China Gas Co expands into the premium segment

Utility company Hong Kong & China Gas Co Ltd, which offers the Towngas brand, remained the dominant player in large cooking appliances in Hong Kong in retail volume sales terms in 2018. A competitive pricing strategy, strong after-sales services and the ability to provide a one-stop solution for consumers were the main factors underpinning its commanding lead.

KitchenAid launches luxury range of built-in large cooking appliances

KitchenAid, which is well-known for its colourful mixers, opened its first flagship showroom in June 2018 to promote the launch of its built-in large cooking appliances product range in Hong Kong. A subsidiary of Whirlpool, KitchenAid is positioned as a luxury brand and competes directly with players such as Gaggenau and Miele.

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Large Cooking Appliances in Hong Kong, China

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Overview

Discover the latest market trends and uncover sources of future market growth for the Large Cooking Appliances industry in Hong Kong, China with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Large Cooking Appliances industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Large Cooking Appliances in Hong Kong, China market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed segmentation of international and local products
  • Historic volumes and values, company and brand market shares
  • Five year forecasts of market trends and market growth
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • What is the market size of Large Cooking Appliances in Hong Kong, China?
  • What are the major brands in Hong Kong, China?
  • What is the most common cooking appliances in Hong Kong, China?
  • Has there been a shift to higher unit price built-in products?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Consumer Appliances market research database.

Large Cooking Appliances in Hong Kong, China - Category analysis

HEADLINES

PROSPECTS

Players focus on increasing sales via the construction channel
Induction increasingly favoured over gas in built-in hobs
Consumer acceptance of smart products remains weak

COMPETITIVE LANDSCAPE

Hong Kong & China Gas Co expands into the premium segment
KitchenAid launches luxury range of built-in large cooking appliances

CATEGORY DATA

Table 1 Sales of Large Cooking Appliances by Category: Volume 2013-2018
Table 2 Sales of Large Cooking Appliances by Category: Value 2013-2018
Table 3 Sales of Large Cooking Appliances by Category: % Volume Growth 2013-2018
Table 4 Sales of Large Cooking Appliances by Category: % Value Growth 2013-2018
Table 5 Sales of Built-in Hobs by Format: % Volume 2013-2018
Table 6 Sales of Ovens by Connected Appliances: % Volume 2014-2018
Table 7 NBO Company Shares of Large Cooking Appliances: % Volume 2014-2018
Table 8 LBN Brand Shares of Large Cooking Appliances: % Volume 2015-2018
Table 9 NBO Company Shares of Built-in Hobs: % Volume 2014-2018
Table 10 NBO Company Shares of Ovens: % Volume 2014-2018
Table 11 NBO Company Shares of Cooker Hoods: % Volume 2014-2018
Table 12 NBO Company Shares of Built-in Cooker Hoods: % Volume 2014-2018
Table 13 NBO Company Shares of Freestanding Cooker Hoods: % Volume 2014-2018
Table 14 Distribution of Large Cooking Appliances by Format: % Volume 2013-2018
Table 15 Production, Imports and Exports of Large Cooking Appliances: Total Volume 2013-2018
Table 16 Forecast Sales of Large Cooking Appliances by Category: Volume 2018-2023
Table 17 Forecast Sales of Large Cooking Appliances by Category: Value 2018-2023
Table 18 Forecast Sales of Large Cooking Appliances by Category: % Volume Growth 2018-2023
Table 19 Forecast Sales of Large Cooking Appliances by Category: % Value Growth 2018-2023

Consumer Appliances in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Replacement cycles continue to drive demand within consumer appliances
International brands dominate consumer appliances in Hong Kong
Distribution still concentrated in store-based channels
Producers and sellers now liable for appliance disposal costs
Affordable brands from mainland China set to gain traction in Hong Kong

MARKET INDICATORS

Table 20 Household Penetration of Selected Total Stock Consumer Appliances by Category 2013-2018
Table 21 Replacement Cycles of Consumer Appliances by Category 2013-2018
Table 22 Forecast Household Penetration of Selected Total Stock Consumer Appliances by Category 2018-2023
Table 23 Forecast Replacement Cycles of Consumer Appliances by Category 2018-2023

MARKET DATA

Table 24 Sales of Consumer Appliances by Category: Volume 2013-2018
Table 25 Sales of Consumer Appliances by Category: Value 2013-2018
Table 26 Sales of Consumer Appliances by Category: % Volume Growth 2013-2018
Table 27 Sales of Consumer Appliances by Category: % Value Growth 2013-2018
Table 28 Sales of Major Appliances by Category and Built-in/Freestanding Split: Volume 2013-2018
Table 29 Sales of Major Appliances by Category and Built-in/Freestanding Split: Value 2013-2018
Table 30 Sales of Major Appliances by Category and Built-in/Freestanding Split: % Volume Growth 2013-2018
Table 31 Sales of Major Appliances by Category and Built-in/Freestanding Split: % Value Growth 2013-2018
Table 32 Sales of Small Appliances by Category: Volume 2013-2018
Table 33 Sales of Small Appliances by Category: Value 2013-2018
Table 34 Sales of Small Appliances by Category: % Volume Growth 2013-2018
Table 35 Sales of Small Appliances by Category: % Value Growth 2013-2018
Table 36 NBO Company Shares of Major Appliances: % Volume 2014-2018
Table 37 LBN Brand Shares of Major Appliances: % Volume 2015-2018
Table 38 NBO Company Shares of Small Appliances: % Volume 2014-2018
Table 39 LBN Brand Shares of Small Appliances: % Volume 2015-2018
Table 40 Distribution of Major Appliances by Format: % Volume 2013-2018
Table 41 Distribution of Small Appliances by Format: % Volume 2013-2018
Table 42 Forecast Sales of Consumer Appliances by Category: Volume 2018-2023
Table 43 Forecast Sales of Consumer Appliances by Category: Value 2018-2023
Table 44 Forecast Sales of Consumer Appliances by Category: % Volume Growth 2018-2023
Table 45 Forecast Sales of Consumer Appliances by Category: % Value Growth 2018-2023
Table 46 Forecast Sales of Consumer Appliances by Category: % Volume Growth 2018-2023
Table 47 Forecast Sales of Consumer Appliances by Category: % Value Growth 2018-2023
Table 48 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: Volume 2018-2023
Table 49 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: Value 2018-2023
Table 50 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: % Volume Growth 2018-2023
Table 51 Forecast Sales of Major Appliances by Category and Built-in/Freestanding Split: % Value Growth 2018-2023
Table 52 Forecast Sales of Small Appliances by Category: Volume 2018-2023
Table 53 Forecast Sales of Small Appliances by Category: Value 2018-2023
Table 54 Forecast Sales of Small Appliances by Category: % Volume Growth 2018-2023
Table 55 Forecast Sales of Small Appliances by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources