The luxury goods industry in Hong Kong has taken a bit of a hit in recent years. The anti-corruption movement in mainland China, a declining economic growth as well as a decline in tourist flows from mainland China due to the social tensions between Hong Kong and China, has impacted the luxury goods market in Hong Kong.
However, the Hong Kong luxury industry still was a major attraction for not just Chinese consumers, but customers from all over the world as authenticity, exclusivity and better prices in Hong Kong continued to draw consumers from all around the world. Therefore, in spite of the factors affecting growth somewhat in Hong Kong, the luxury goods industry continued to post robust growth in 2014 and 2015.
Taiyou Research’s report Luxury Goods Market in Hong Kong analyzes the market for luxury goods in Hong Kong, China. The report covers the following:
- Industry overview and sales figures.
- An analysis of the growth in the Hong Kong luxury goods industry through a flourishing tourism industry.
- A look at the increasing number of mergers and acquisitions in the market along with industry consolidation.
- Analysis of the slowdown in online retailing.
- Analysis of the competition in the industry.
- An analysis of the major industry players and their strategies to move ahead and sustain their growth in the industry.
- Industry outlook till 2020 along with an analysis of the impact of various trends on the market in the coming years.
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