"Vacuum Cleaners in Hong Kong, China" is now available at Fast Market Research

Vacuum cleaners grew by only 1% in volume terms in 2015. This sluggish performance was largely due to the underperformance of the largest category, cylinder vacuum cleaners, which posted a low rise of 1% in volume terms. Despite sluggish growth, cylinder vacuum cleaners still accounted for an 84% volume share of vacuum cleaners in 2015.

Competitive Landscape

Philips Electronics Hong Kong continued to lead vacuum cleaners in 2015, recording a 37% volume share. The player offers cylinder, hand and stick vacuum cleaners, and retails its products through many stores. Philips is a well-known brand that consumers are familiar with, and has established itself as a household name in Hong Kong for many years. It offers many models across a wide price range, most being affordable and among the lowest priced in store, along with brands such as Rowenta, Panasonic, Electrolux and Bosch.

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Industry Prospects

Vacuum cleaners in Hong Kong is expected to grow at a CAGR of 1% in volume terms over the forecast period. Growth is set to be low due to a sluggish performance from cylinder vacuum cleaners, which is expected to grow at a CAGR of 1% in volume terms. New formats such as upright and wet and dry vacuum cleaners are not able to make up for such a low expected performance from the largest category. The hectic lifestyles of many households leaves less time for time-consuming household chores such as cleaning.

Report Overview

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

The Vacuum Cleaners 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 Vacuum Cleaners in Hong Kong, China?
* What are the major brands in Hong Kong, China?
* How have stick vacuum cleaners performance over the past 5 years?
* Are robotic vacuum cleaners the future for the vacuum industry?

Reasons to Get this Report

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