Hong Kong Consumer Electronics Report - Business Monitor International - Industry Reports

Hong Kong Consumer Electronics Report

Hong Kong Consumer Electronics Report - Business Monitor International - Industry Reports
Hong Kong Consumer Electronics Report
Published Aug 13, 2016
57 pages — Published Aug 13, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The Hong Kong consumer electronics market is forecast to return to growth in ----, with expansion of -.- forecast to USD-.-bn. Performance in ---- is forecast to be a marked improvement from ----, due to a significant strengthening of the computer hardware and AV markets. Although performance is expected to strengthen slightly in ----, the market will significantly underperform the majority of Asia Pacific markets where much lower penetration rates allow for faster growth. Penetration of PCs, tablets, smartphones, digital cameras and LCD TVs are all among the highest in the region, but demand should remain relatively stable due to the short replacement cycles of local consumers. Local retailers reported a collapse in demand in the retail PC market in ---- - with huge declines in tablet spending and double-digit contractions in desktop and notebook demand. Amidst heightened economic uncertainty and lower spending from visitors to Hong Kong, which has long been a feature of the market, device category developments were also an important trend. Desktop and notebook replacement demand was brought forward to ---- by the withdrawal of Microsoft support for the legacy XP operating system in April ----, a trend observed across developed markets, but with the impact exacerbated in Hong Kong by economic conditions.

...Historical data for the handset segment upgraded in the Q- update, but our growth outlook for all three segments downgraded slightly and we are now anticipating growth of -.- in ---- in the consumer electronics market as a whole, with total sales expected to exceed USD-.-bn. Computer hardware and AV markets expected to be less volatile over the medium term after the tablet boom, and subsequent decline in volumes, and XP support withdrawal in ----, resulted in large y-o-y swings --------- in the PC market; and cannibalisation of the digital camera market saw volumes decline in recent years. ...Historical data for the handset segment upgraded in the Q- update, but our growth outlook for all three segments downgraded slightly and we are now anticipating growth of -.- in ---- in the consumer electronics market as a whole, with total sales expected to exceed USD-.-bn. Computer hardware and AV markets expected to be less volatile over the medium term after the tablet boom, and subsequent decline in volumes, and XP support withdrawal in ----, resulted in large y-o-y swings --------- in the PC market; and cannibalisation of the digital camera market saw volumes decline in recent years. Handset market has outperformed since the arrival of Apple s iPhone, but due to saturation we expect the market to plateau over the medium term, though it will remain lucrative in per capita terms. ...Computer hardware and AV markets expected to be less volatile over the medium term after the tablet boom, and subsequent decline in volumes, and XP support withdrawal in ----, resulted in large y-o-y swings --------- in the PC market; and cannibalisation of the digital camera market saw volumes decline in recent years. Handset market has outperformed since the arrival of Apple s iPhone, but due to saturation we expect the market to plateau over the medium term, though it will remain lucrative in per capita terms.

...Smartphones, despite high penetration, remain an opportunity high value market due to short replacement cycles and high average selling prices compared to other consumer electronics device categories. PC innovation, for instance hybrid notebooks, premium tablets and PC-on-a-stick, could offer faster volume growth opportunities. ...

  
Source:
Document ID
2040-9699
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Hong Kong Consumer Electronics Report" Aug 13, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hong-Kong-Consumer-Electronics-Report-2026-1679>
  
APA:
Business Monitor International - Industry Reports. (2016). Hong Kong Consumer Electronics Report Aug 13, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Hong-Kong-Consumer-Electronics-Report-2026-1679>
  
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