Consumers in Hong Kong are becoming increasingly price-sensitive and value-conscious in their purchasing decisions, as there is a growing shift towards experiential and cultural consumption rather than traditional shopping. Therefore, value sales (at constant 2024 prices) of appliances and electronics specialists are set to continue declining over the forecast period.
The rise of e-commerce will continue to place significant pressure on traditional bricks-and-mortar appliances and electronics specialists, further increasing the challenges of operating in the current economic landscape. Local consumers increasingly consider physical stores as a testing/viewing platform, conducting various tests and other checks to see if the product is suitable for their home.
Due to the increasing mobility of local consumers and the popularity of northbound consumption, sales of appliances and electronics specialists in Hong Kong are unlikely to recover over the forecast period. However, an increasing number of online players are expected to expand their sales via cross-border e-commerce.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists 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 Appliances and Electronics Specialists 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.
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See all of our definitionsThis report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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