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Country Report

Luxury Portable Consumer Electronics in

Luxury Portable Consumer Electronics in Hong Kong, China

14 pages, Feb 2019

US$990

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Executive Summary

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Smartwatches turns to modularity to maintain value

One of the most common concerns for consumers in Hong Kong before purchasing luxury wearables was the lack of appreciation in the value of these products. Luxury watch buyers in Hong Kong consider whether the watch will have investment value before they decide to make a purchase, which is where some consumers believe smart wearables fall short.

Watch makers partner with tech companies to develop luxury smartwatches

According to industry sources, luxury wearables (smartwatches) are more popular amongst younger consumers than analogue watches. Younger Hong Kong consumers consider the functionality of a watch to be more important than its resale value.

Sales of luxury mobile phones shrink

Sales of luxury mobile phones rapidly declined in 2017 as demand for high-end mobile phones dramatically decreased. One factor behind the drop in interest in luxury mobile phones was the dated technology.

COMPETITIVE LANDSCAPE

TAG Heuer leads luxury wearables

TAG Heuer maintained its lead in luxury wearables in 2017 with its Connected Modular series. The Swiss watchmaker released its second product of the series in 2017 and it became an instant success.

Vertu bankrupt

In mid-2017, Vertu declared bankruptcy in Hong Kong and shut down its UK based manufacturing plant. The luxury mobile phone brand had been burdened with £128 million in debt (HKD1.

Apple Hermès iWatch releases new models

With luxury wearables being a relatively new technology the leading players are constantly introducing new products in order to stand out from the crowd and to remain competitive. Apple Hermès iWatch was Apple’s first foray into a fashion collaboration in luxury wearables when the first line was introduced in 2015.

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Overview

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.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Portable Consumer Electronics 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 Luxury Portable Consumer Electronics industry in Hong Kong, China, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Portable Consumer Electronics 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 Luxury Portable Consumer Electronics in Hong Kong, China?
What are the major brands in Hong Kong, China?
How dynamic is the growth of Luxury Portable Consumer Electronics internet sales?
What is driving growth?

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 function

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Luxury Portable Consumer Electronics in Hong Kong, China - Category analysis

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 1 Sales of Luxury Portable Consumer Electronics by Category: Value 2013-2018
Table 2 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2013-2018
Table 3 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2013-2017
Table 4 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2014-2017
Table 5 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2013-2018
Table 6 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2018-2023
Table 7 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2018-2023

Luxury Goods in Hong Kong, China - Industry Overview

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

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2013-2018
Table 10 Sales of Luxury Goods by Category: % Value Growth 2013-2018
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2018
Table 12 NBO Company Shares of Luxury Goods: % Value 2013-2017
Table 13 LBN Brand Shares of Luxury Goods: % Value 2014-2017
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2018
Table 15 Forecast Sales of Luxury Goods by Category: Value 2018-2023
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2018-2023

Megatrends

Country Report

Luxury Portable Consumer Electronics in Hong Kong, China

New Report Guarantee

Executive Summary

New Report Guarantee

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

Overview

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Table of Contents

Luxury Portable Consumer Electronics in Hong Kong, China - Category analysis

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

Luxury Goods in Hong Kong, China - Industry Overview

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

MARKET DATA

SOURCES

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