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Country Report

Luxury Portable Consumer Electronics in

Luxury Portable Consumer Electronics in Hong Kong, China

17 pages, Feb 2018

US$990

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Executive Summary

New Report Guarantee

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

Consumers continue to disregard luxury portable consumer electronics

Luxury portable consumer electronics’ current value sales experienced a rapid decline in 2017, as consumers continued to prioritise their expenditure within luxury goods and dropped luxury portable consumer electronics, which has a short lifecycle given ever-changing technology. The impact was most significantly witnessed in luxury mobile phones, the biggest category within luxury portable consumer electronics, which recorded double-digit decline in 2017 due to Vertu Corp Ltd’s decision to stop manufacturing.

Novelty of luxury wearables mitigates its overall decline

Luxury wearables recorded the lowest decline in current value terms within luxury portable consumer electronics in 2017. As consumers continued to aspire to be leaders in technology adoption, smart wearables, being a relatively new product that only gained prominence towards the end of the review period, thus had considerable room for penetration in 2017, which helped to mitigate the overall decline in current value.

COMPETITIVE LANDSCAPE

Vertu retains leadership but to face stronger challenges

Vertu Corp Ltd retained its leadership of luxury portable consumer electronics during 2016 due to its dominance in luxury mobile phones over the review period. However, challenges abound for the player over the forecast period, as it intends to close its manufacturing operations in 2017.

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Overview

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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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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

Consumers continue to disregard luxury portable consumer electronics

Novelty of luxury wearables mitigates its overall decline

COMPETITIVE LANDSCAPE

Vertu retains leadership but to face stronger challenges

CATEGORY DATA

Table 1 Sales of Luxury Portable Consumer Electronics by Category: Value 2012-2017
Table 2 Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2012-2017
Table 3 NBO Company Shares of Luxury Portable Consumer Electronics: % Value 2012-2016
Table 4 LBN Brand Shares of Luxury Portable Consumer Electronics: % Value 2013-2016
Table 5 Distribution of Luxury Portable Consumer Electronics by Format: % Value 2012-2017
Table 6 Forecast Sales of Luxury Portable Consumer Electronics by Category: Value 2017-2022
Table 7 Forecast Sales of Luxury Portable Consumer Electronics by Category: % Value Growth 2017-2022

Luxury Goods in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Recovery in tourist arrivals and economic conditions benefit luxury goods

Luxury goods rebounds to positive growth during 2017

Luxury goods players emphasise consumer engagement

Internet retailing remains a small channel

Luxury goods to grow positively, though challenges remain

MARKET INDICATOR

Table 8 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 9 Sales of Luxury Goods by Category: Value 2012-2017
Table 10 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 11 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 12 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 13 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 14 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 15 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 16 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

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Country Report

Luxury Portable Consumer Electronics in Hong Kong, China

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Executive Summary

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PROSPECTS

Consumers continue to disregard luxury portable consumer electronics

Novelty of luxury wearables mitigates its overall decline

COMPETITIVE LANDSCAPE

Vertu retains leadership but to face stronger challenges

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Table of Contents

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

HEADLINES

PROSPECTS

Consumers continue to disregard luxury portable consumer electronics

Novelty of luxury wearables mitigates its overall decline

COMPETITIVE LANDSCAPE

Vertu retains leadership but to face stronger challenges

CATEGORY DATA

Luxury Goods in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Recovery in tourist arrivals and economic conditions benefit luxury goods

Luxury goods rebounds to positive growth during 2017

Luxury goods players emphasise consumer engagement

Internet retailing remains a small channel

Luxury goods to grow positively, though challenges remain

MARKET INDICATOR

MARKET DATA

SOURCES

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Recently Viewed

Megatrends

Country Report

Luxury Portable Consumer Electronics in Hong Kong, China

New Report Guarantee

Executive Summary

New Report Guarantee

PROSPECTS

Consumers continue to disregard luxury portable consumer electronics

Novelty of luxury wearables mitigates its overall decline

COMPETITIVE LANDSCAPE

Vertu retains leadership but to face stronger challenges

Overview

Why buy this report?

Samples (FAQs about samples):

Want to find out more about this report?

Table of Contents

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

HEADLINES

PROSPECTS

Consumers continue to disregard luxury portable consumer electronics

Novelty of luxury wearables mitigates its overall decline

COMPETITIVE LANDSCAPE

Vertu retains leadership but to face stronger challenges

CATEGORY DATA

Luxury Goods in Hong Kong, China - Industry Overview

EXECUTIVE SUMMARY

Recovery in tourist arrivals and economic conditions benefit luxury goods

Luxury goods rebounds to positive growth during 2017

Luxury goods players emphasise consumer engagement

Internet retailing remains a small channel

Luxury goods to grow positively, though challenges remain

MARKET INDICATOR

MARKET DATA

SOURCES

Why buy this report?

Want to find out more about this report?

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