The emergence of the pandemic impacted the local economy in a large extent in 2020, and in an effort to boost consumption, major markets introduced another wave of quantitative easing. In 2021, many markets started to reopen, driving up demand for many consumer goods and services, which often far exceeded the supply.
Demand for ovens is expected to remain weak in Hong Kong over the forecast period, with retail volume sales unlikely to recover to pre-pandemic levels by 2027. Many local consumers prefer to purchase one multifunctional appliance instead of owning several due to space constraints, and thus microwaves offer greater flexibility as consumers can place the appliance wherever they choose.
The smart features of the latest models of cooker hoods are increasingly gaining the attention of local consumers. For instance, smart extractor hoods can automatically detect the size of the flame from the gas stove, enabling it to adjust the strength of ventilation.
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Understand the latest market trends and future growth opportunities for the Large Cooking Appliances 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 Large Cooking Appliances 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.
Large Cooking Appliances
The large cooking appliances includes freestanding cookers, built-in ovens, built-in hobs and cooker hoods.
See All of Our DefinitionsThis report originates from Passport, our Large Cooking Appliances research and analysis database.
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