Online Retail in Hong Kong
SummaryOnline Retail in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The online retail market is segmented into apparel retail, electrical & electronics retail, food & grocery retail, home & garden products, furniture & floor coverings, and footwear.
- The Hong Kongese online retail sector had total revenues of $3.9 billion in 2022, representing a compound annual growth rate (CAGR) of 14.3% between 2017 and 2022.
- The electrical & electronics retail segment accounted for the sector's largest proportion in 2022, with total revenues of $2 billion, equivalent to 50.8% of the sector's overall value.
- The growth in the Hong Kongese online retail sector is influenced by several macroeconomic factors, such as growing consumer confidence and technological advancements. For instance, according to the City University of Hong Kong, consumer confidence in Hong Kong rose to 70.6 points in January 2022 from 64.1 points in January 2021.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the online retail market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the online retail market in Hong Kong
- Leading company profiles reveal details of key online retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong online retail market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Hong Kong online retail market by value in 2022?
- What will be the size of the Hong Kong online retail market in 2027?
- What factors are affecting the strength of competition in the Hong Kong online retail market?
- How has the market performed over the last five years?
- What are the main segments that make up Hong Kong's online retail market?
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