"Large Cooking Appliances in Hong Kong, China" Published

From: Fast Market Research, Inc.
Published: Mon Feb 15 2016

Large cooking appliances registered volume growth of 2% in 2015, reflecting the maturity of the category in Hong Kong as demand was mainly driven by replacement. Besides, hobs and cooker hoods underwent very slow development in Hong Kong, as there were insignificant yearly changes to function and technology. Ovens recorded more-positive development, but product awareness was still not widespread.

Competitive Landscape

Hong Kong & China Gas Co led large cooking appliances with a volume share of 47% in 2015. The player took advantage of being the sole gas provider in Hong Kong. The convenience of obtaining a large cooking appliance at the same time as a gas supply appealed to time-poor consumers. Besides, one of its subsidiaries is engaged in kitchen design and it is natural that the subsidiary used the products of its parent company, thus further contributing to its leading position within large cooking appliances.

Full Report Details at
- http://www.fastmr.com/prod/1112761_large_cooking_appliances_hong.aspx?afid=302

Industry Prospects

Over the forecast period, large cooking appliances is expected to grow at a CAGR of only 1% in volume terms, which is due to already-high penetration and the long replacement cycles of these products. Demand is mainly driven by replacement. On the other hand, although there will be an increase in the supply of private housing over the forecast period, it will have a limited effect on sales of large cooking appliances because newly built flats come with kitchen appliances.

Report Overview

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

The?Large Cooking Appliances 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 Large Cooking Appliances in Hong Kong, China?
* What are the major brands in Hong Kong, China?
* What is the most common cooking appliances in Hong Kong, China?
* Has there been a shift to higher unit price built-in products?

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Contact Name: Bill Thompson
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