Luxury Goods in Hong Kong, China

Luxury Goods in Hong Kong, China

EXECUTIVE SUMMARY

Luxury goods continues its recovery

Consumer confidence returns

Electric cars and “The China Dream” influence demand

Internet retailing gains interest

Positive outlook for luxury goods despite challenges

MARKET INDICATORS

Table 1 Number of High Net Worth Individuals (HNWI): 2013-2018

MARKET DATA

Table 2 Sales of Luxury Goods by Category: Value 2013-2018
Table 3 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 4 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 5 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 6 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 7 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 8 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 9 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

SOURCES

Summary 1 Research Sources

Fine Wines/Champagne and Spirits in Hong Kong, China

HEADLINES

PROSPECTS

Fine wines benefits from free-trade agreement with China

Fine champagne benefits from new consumption occasions

Luxury spirits limited by perception of being for older drinkers

COMPETITIVE LANDSCAPE

Moët Hennessy Diageo extends lead

Pol Roger the choice of royalty

Burgundy sees strong demand

CATEGORY DATA

Table 10 Sales of Fine Wines/Champagne and Spirits by Category: Value 2013-2018
Table 11 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2013-2018
Table 12 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2013-2017
Table 13 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2014-2017
Table 14 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2013-2018
Table 15 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
Table 16 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023

Luxury Cars in Hong Kong, China

HEADLINES

PROSPECTS

Luxury cars offers up bright future

Electric vehicles are the future

COMPETITIVE LANDSCAPE

Increasing competition within luxury electric vehicles

Continued consolidation of dealerships

Porsche on the rise

CATEGORY DATA

Table 17 Sales of Luxury Cars: Value 2013-2018
Table 18 Sales of Luxury Cars: % Value Growth 2013-2018
Table 19 NBO Company Shares of Luxury Cars: % Value 2013-2017
Table 20 LBN Brand Shares of Luxury Cars: % Value 2014-2017
Table 21 Forecast Sales of Luxury Cars: Value 2018-2023
Table 22 Forecast Sales of Luxury Cars: % Value Growth 2018-2023

Luxury Eyewear in Hong Kong, China

HEADLINES

PROSPECTS

Influence of Korean culture helps drive interest in luxury sunglasses

Optical shops maintain dominance

Future bright for luxury eyewear

COMPETITIVE LANDSCAPE

Luxottica maintains dominance

Kering takes back Gucci from Safilo

New players enter the market

CATEGORY DATA

Table 23 Sales of Luxury Eyewear by Category: Value 2013-2018
Table 24 Sales of Luxury Eyewear by Category: % Value Growth 2013-2018
Table 25 NBO Company Shares of Luxury Eyewear: % Value 2013-2017
Table 26 LBN Brand Shares of Luxury Eyewear: % Value 2014-2017
Table 27 Distribution of Luxury Eyewear by Format: % Value 2013-2018
Table 28 Forecast Sales of Luxury Eyewear by Category: Value 2018-2023
Table 29 Forecast Sales of Luxury Eyewear by Category: % Value Growth 2018-2023

Luxury Jewellery in Hong Kong, China

HEADLINES

PROSPECTS

Economic improvement supports sales

Younger audience influences luxury jewellery designs

Arrivals from China key to growth

COMPETITIVE LANDSCAPE

Cartier shines in improving market

New stores appear off the back of economic recovery

New sales channels provide boost to Gucci and Hermès

CATEGORY DATA

Table 30 Sales of Luxury Jewellery by Category: Value 2013-2018
Table 31 Sales of Luxury Jewellery by Category: % Value Growth 2013-2018
Table 32 NBO Company Shares of Luxury Jewellery: % Value 2013-2017
Table 33 LBN Brand Shares of Luxury Jewellery: % Value 2014-2017
Table 34 Distribution of Luxury Jewellery by Format: % Value 2013-2018
Table 35 Forecast Sales of Luxury Jewellery by Category: Value 2018-2023
Table 36 Forecast Sales of Luxury Jewellery by Category: % Value Growth 2018-2023

Luxury Leather Goods in Hong Kong, China

HEADLINES

PROSPECTS

Visitors from Mainland China highly influential to performance of luxury leather goods

Smaller brands attract interest

New store openings as retail landscape improves

COMPETITIVE LANDSCAPE

Gucci sees strong performance

Louis Vuitton drives interest through pop-up stores and exciting collaborations

Prada set for public offering on Hong Kong’s stock exchange

CATEGORY DATA

Table 37 Sales of Luxury Leather Goods: Value 2013-2018
Table 38 Sales of Luxury Leather Goods: % Value Growth 2013-2018
Table 39 NBO Company Shares of Luxury Leather Goods: % Value 2013-2017
Table 40 LBN Brand Shares of Luxury Leather Goods: % Value 2014-2017
Table 41 Distribution of Luxury Leather Goods by Format: % Value 2013-2018
Table 42 Forecast Sales of Luxury Leather Goods: Value 2018-2023
Table 43 Forecast Sales of Luxury Leather Goods: % Value Growth 2018-2023

Luxury Portable Consumer Electronics in Hong Kong, China

HEADLINES

PROSPECTS

Smartwatches turns to modularity to maintain value

Watch makers partner with tech companies to develop luxury smartwatches

Sales of luxury mobile phones shrink

COMPETITIVE LANDSCAPE

TAG Heuer leads luxury wearables

Vertu bankrupt

Apple Hermès iWatch releases new models

CATEGORY DATA

Table 44 Sales of Luxury Portable Consumer Electronics by Category: Value 2013-2018
Table 45 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2013-2018
Table 46 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2013-2017
Table 47 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2014-2017
Table 48 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2013-2018
Table 49 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2018-2023
Table 50 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2018-2023

Luxury Timepieces in Hong Kong, China

HEADLINES

PROSPECTS

Economic growth and rise in tourist numbers boosts sales

Luxury wearables not a current threat to luxury timepieces

New store openings

COMPETITIVE LANDSCAPE

Swatch benefits from strong brand image

Cartier reimagines classic designs to remain fresh

Officine Panerai sees dynamic growth

CATEGORY DATA

Table 51 Sales of Luxury Timepieces by Category: Value 2013-2018
Table 52 Sales of Luxury Timepieces by Category: % Value Growth 2013-2018
Table 53 NBO Company Shares of Luxury Timepieces: % Value 2013-2017
Table 54 LBN Brand Shares of Luxury Timepieces: % Value 2014-2017
Table 55 Distribution of Luxury Timepieces by Format: % Value 2013-2018
Table 56 Forecast Sales of Luxury Timepieces by Category: Value 2018-2023
Table 57 Forecast Sales of Luxury Timepieces by Category: % Value Growth 2018-2023

Luxury Writing Instruments and Stationery in Hong Kong, China

HEADLINES

PROSPECTS

Consumers losing interest in luxury writing instruments and stationery

Electronic devices negatively impacts the category

Specialists dominate distribution in a stagnant category

COMPETITIVE LANDSCAPE

Limited activity sees drop in share for Louis Vuitton

Montblanc on the rise with new store openings

Increasing need for creativity to attract consumers

CATEGORY DATA

Table 58 Sales of Luxury Writing Instruments and Stationery: Value 2013-2018
Table 59 Sales of Luxury Writing Instruments and Stationery: % Value Growth 2013-2018
Table 60 NBO Company Shares of Luxury Writing Instruments and Stationery: % Value 2013-2017
Table 61 LBN Brand Shares of Luxury Writing Instruments and Stationery: % Value 2014-2017
Table 62 Distribution of Luxury Writing Instruments and Stationery by Format: % Value 2013-2018
Table 63 Forecast Sales of Luxury Writing Instruments and Stationery: Value 2018-2023
Table 64 Forecast Sales of Luxury Writing Instruments and Stationery: % Value Growth 2018-2023

Super Premium Beauty and Personal Care in Hong Kong, China

HEADLINES

PROSPECTS

Rise in inbound arrivals provides positive momentum

Colour cosmetics benefits from makeup trends

Rising interest in fragrances and bespoke services

COMPETITIVE LANDSCAPE

Luxury brands targeting Millennials

Giorgio Armani benefits from interest in beauty pop-up store

More cushion foundations coming

CATEGORY DATA

Table 65 Sales of Super Premium Beauty and Personal Care by Category: Value 2013-2018
Table 66 Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2013-2018
Table 67 NBO Company Shares of Super Premium Beauty and Personal Care: % Value 2013-2017
Table 68 LBN Brand Shares of Super Premium Beauty and Personal Care: % Value 2014-2017
Table 69 Distribution of Super Premium Beauty and Personal Care by Format: % Value 2013-2018
Table 70 Forecast Sales of Super Premium Beauty and Personal Care by Category: Value 2018-2023
Table 71 Forecast Sales of Super Premium Beauty and Personal Care by Category: % Value Growth 2018-2023

Designer Apparel and Footwear (Ready-To-Wear) in Hong Kong, China

HEADLINES

PROSPECTS

Designer apparel and footwear (ready-to-wear) returns to growth

Becoming More Competitive Owing to Internet Retailing and Fast Fashion

High rents see brands turn to pop-up stores

COMPETITIVE LANDSCAPE

Brands open stores off the back of economic recovery

Velveteen opens concept store for its luxury childrenswear

Affordable luxury attracting interest

CATEGORY DATA

Table 72 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2013-2018
Table 73 Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2013-2018
Table 74 NBO Company Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2013-2017
Table 75 LBN Brand Shares of Designer Apparel and Footwear (Ready-to-Wear): % Value 2014-2017
Table 76 Distribution of Designer Apparel and Footwear (Ready-to-Wear) by Format: % Value 2013-2018
Table 77 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: Value 2018-2023
Table 78 Forecast Sales of Designer Apparel and Footwear (Ready-to-Wear) by Category: % Value Growth 2018-2023

Luxury Foodservice in Hong Kong, China

HEADLINES

PROSPECTS

Consolidated category sees strong growth from low base

Leading players hold events to drive interest

Improved connections with Mainland China and economic growth to drive sales

COMPETITIVE LANDSCAPE

Armani leads

Cova benefits from good locations and regular events

Vivienne Westwood makes strong entry

CATEGORY DATA

Table 79 Sales in Luxury Foodservice: Value 2013-2018
Table 80 Sales in Luxury Foodservice: % Value Growth 2013-2018
Table 81 NBO Company Shares in Luxury Foodservice: % Value 2013-2017
Table 82 LBN Brand Shares in Luxury Foodservice: % Value 2014-2017
Table 83 Forecast Sales in Luxury Foodservice: Value 2018-2023
Table 84 Forecast Sales in Luxury Foodservice: % Value Growth 2018-2023

Luxury Hotels in Hong Kong, China

HEADLINES

PROSPECTS

Strong recovery but change in spending patterns undermines potential growth

Promising outlook despite challenges

The importance of direct online sales

COMPETITIVE LANDSCAPE

Sun Hung Kai Properties Ltd retains lead but loses share

Local brands lag behind in digital upgrades

Number of new openings

CATEGORY DATA

Table 85 Sales in Luxury Hotels: Value 2013-2018
Table 86 Sales in Luxury Hotels: % Value Growth 2013-2018
Table 87 Sales in Luxury Hotels by Country of Origin: % Value 2013-2017
Table 88 NBO Company Shares in Luxury Hotels: % Value 2013-2017
Table 89 LBN Brand Shares in Luxury Hotels: % Value 2014-2017
Table 90 Forecast Sales in Luxury Hotels: Value 2018-2023
Table 91 Forecast Sales in Luxury Hotels: % Value Growth 2018-2023

Personal Luxury in Hong Kong, China

HEADLINES

PROSPECTS

Consumer confidence returns off the back of a recovering economy

US-China trade war threat to Hong Kong

Internet retailing on the rise

COMPETITIVE LANDSCAPE

Gucci sees dynamic growth

Vertu goes out of business

Cartier introduces Résonances de Cartier collection

CATEGORY DATA

Table 92 Sales of Personal Luxury by Category: Value 2013-2018
Table 93 Sales of Personal Luxury by Category: % Value Growth 2013-2018
Table 94 NBO Company Shares of Personal Luxury: % Value 2013-2017
Table 95 LBN Brand Shares of Personal Luxury: % Value 2014-2017
Table 96 Forecast Sales of Personal Luxury by Category: Value 2018-2023
Table 97 Forecast Sales of Personal Luxury by Category: % Value Growth 2018-2023

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