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Home and Garden in Thailand

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Description

The overall impact of COVID-19 on home and garden retail current value sales during 2020 was negative. The pandemic led to the closure of 'non-essential' retail outlets for an extended period during the second quarter of the year, while the economic shock it engendered drove a sharp increase in unemployment. This weighed on consumer confidence, leading many local consumers to curb their discretionary spending and postpone big-ticket purchases. As a result, demand such products as home furnishing...

Euromonitor International's Home and Garden in Thailand report offers a comprehensive guide to the size and shape of market demand at a national level. It provides the latest retail sales data (historic date range), allowing you to identify the categories driving growth. It also identifies the leading companies and their brands, and offers strategic analysis of key factors influencing demand - from new product developments, consumer lifestyles, route to market and pricing issues. Forecasts to 2025 illustrate how market demand is expected to evolve in the medium-term

Product coverage: Home Improvement and Gardening, Homewares and Home Furnishings.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Home and Garden market; Pinpoint growth sectors and identify factors driving change; Understand the competitive environment, the market's major players and leading brands; Use five-year forecasts to assess how the market is predicted to develop.
Table of Contents
Product Code: HOMETH

TABLE OF CONTENTS

List Of Contents And Tables

EXECUTIVE SUMMARY

COVID-19 impact on home and garden

COVID-19 country impact

Company response

Retailing shift

What next for home and garden?

MARKET DATA

Table 1 Sales of Home and Garden by Category: Value 2015-2020 Table 2 Sales of Home and Garden by Category: % Value Growth 2015-2020 Table 3 NBO Company Shares of Home and Garden: % Value 2016-2020 Table 4 LBN Brand Shares of Home and Garden: % Value 2017-2020 Table 5 Distribution of Home and Garden by Format: % Value 2015-2020 Table 6 Distribution of Home and Garden by Format and Category: % Value 2020 Table 7 Forecast Sales of Home and Garden by Category: Value 2020-2025 Table 8 Forecast Sales of Home and Garden by Category: % Value Growth 2020-2025

GLOBAL MACROECONOMIC ENVIRONMENT

GLOBAL INDUSTRY ENVIRONMENT

DISCLAIMER

SOURCES

Summary 1 Research Sources

GARDENING IN THAILAND

KEY DATA FINDINGS

2020 IMPACT

Economic shock of pandemic undermines demand for big-ticket items like lawnmowers

Lockdown drives surge in demand for indoor plants

Small players continue to dominate pots and planters

RECOVERY AND OPPORTUNITIES

Post-pandemic economic rebound will drive acceleration in retail current value sales growth

Consumers will become more wary of plant protection

E-commerce will continue to grow in importance, as retailers increase their investment in this channel

CATEGORY DATA

Table 9 Sales of Gardening by Category: Value 2015-2020 Table 10 Sales of Gardening by Category: % Value Growth 2015-2020 Table 11 NBO Company Shares of Gardening: % Value 2016-2020 Table 12 LBN Brand Shares of Gardening: % Value 2017-2020 Table 13 Distribution of Gardening by Format: % Value 2015-2020 Table 14 Forecast Sales of Gardening by Category: Value 2020-2025 Table 15 Forecast Sales of Gardening by Category: % Value Growth 2020-2025

HOME FURNISHINGS IN THAILAND

KEY DATA FINDINGS

2020 IMPACT

Economic shock of pandemic weighs heavily on home furnishings, as many consumers postpone big-ticket purchases

Home working enables home office furniture to buck the downward trend

Leader Index Living Mall Co Ltd cancels expansion plans to focus on renovating its existing stores

RECOVERY AND OPPORTUNITIES

Post-pandemic economic rebound will drive strong recovery in demand for home furnishings

The integration of furniture and technology will appeal to Gen Z consumers

Will younger shoppers be comfortable buying sofas and beds online?

CATEGORY DATA

Table 16 Sales of Home Furnishings by Category: Value 2015-2020 Table 17 Sales of Home Furnishings by Category: % Value Growth 2015-2020 Table 18 NBO Company Shares of Home Furnishings: % Value 2016-2020 Table 19 LBN Brand Shares of Home Furnishings: % Value 2017-2020 Table 20 LBN Brand Shares of Light Sources: % Value 2017-2020 Table 21 Distribution of Home Furnishings by Format: % Value 2015-2020 Table 22 Forecast Sales of Home Furnishings by Category: Value 2020-2025 Table 23 Forecast Sales of Home Furnishings by Category: % Value Growth 2020-2025

HOME IMPROVEMENT IN THAILAND

KEY DATA FINDINGS

2020 IMPACT

COVID-19 brings some home improvement projects to a halt and leads consumers to delay others

Retailer HomePro pivots to e-commerce

Toa Paint (Thailand) Co Ltd continues to dominate home paint due in large part to its strong reputation for quality

RECOVERY AND OPPORTUNITIES

2021 will see a strong rebound in home improvement, as the COVID-19 threat begins to diminish and economic activity rebounds

Gen Z consumers will help to drive further growth in e-commerce

Sustainability and convenience will grow in importance, particularly for younger consumers

CATEGORY DATA

Table 24 Sales of Home Improvement by Category: Value 2015-2020 Table 25 Sales of Home Improvement by Category: % Value Growth 2015-2020 Table 26 NBO Company Shares of Home Improvement: % Value 2016-2020 Table 27 LBN Brand Shares of Home Improvement: % Value 2017-2020 Table 28 Distribution of Home Improvement by Format: % Value 2015-2020 Table 29 Forecast Sales of Home Improvement by Category: Value 2020-2025 Table 30 Forecast Sales of Home Improvement by Category: % Value Growth 2020-2025

HOMEWARES IN THAILAND

KEY DATA FINDINGS

2020 IMPACT

Negative impact of pandemic is partly offset by increase in home cooking and dining

Temporary store closures boost value shares of homeshopping, direct shopping and e-commerce

Leader Satien Stainless Steel PCL is coming under increased competitive pressure, especially from IKEA

RECOVERY AND OPPORTUNITIES

Increased consumer interest in home cooking will outlast the pandemic

E-commerce will grow in importance, and the boundaries between it and homeshopping and direct selling will begin to blur

Younger consumers will demand more multi-functional homewares

CATEGORY DATA

Table 31 Sales of Homewares by Category: Value 2015-2020 Table 32 Sales of Homewares by Category: % Value Growth 2015-2020 Table 33 Sales of Homewares by Material: % Value 2015-2020 Table 34 NBO Company Shares of Homewares: % Value 2016-2020 Table 35 LBN Brand Shares of Homewares: % Value 2017-2020 Table 36 Distribution of Homewares by Format: % Value 2015-2020 Table 37 Forecast Sales of Homewares by Category: Value 2020-2025 Table 38 Forecast Sales of Homewares by Category: % Value Growth 2020-2025