Hong Kong car wraps

Automotive Market in Hong Kong

The automotive market in Hong Kong has been witnessing a strong rebound in demand from the COVID downturn and Post-COVID supply chain bottlenecks. According to a report by ResearchAndMarkets.com, the market is expected to grow at a significant CAGR between 2023 and 2030.

Overview
The Economist Intelligence Unit provides a detailed analysis of the automotive industry in Hong Kong. They report that used car prices in Hong Kong are expected to stay subdued, despite rising globally due to supply-chain issues. Simply Wall St. reports that the auto industry in Hong Kong has gained 13% over the past year, with earnings expected to grow by 21% per annum.

Popular Car Brands
According to a report by Kwiksure, the most popular car brands in Hong Kong are Mercedes, Toyota, and BMW1. While electric vehicles are making inroads, luxury and safety remain popular.

Auto Shows in Hong Kong
There are annual car shows in Hong Kong. One of the most popular ones is the Hong Kong Car Show. It is an automotive exhibition that showcases recreational vehicles, sports cars, off-road vehicles, small cars, travel cars, traditional and antique cars, motorcycles, concept cars, automotive parts, and hybrid vehicles. The event is held at the Hong Kong Convention and Exhibition Centre, Hall 1, and is scheduled to take place from December 23 to December 26, 2023. The admission fee is HK$20 per person.

According to a report by ResearchAndMarkets.com, the market is expected to continue its growth trend at a significant CAGR between 2023 and 2030. Be a part of the change by stirring up an innovation with a wrap. Reach out to our Hong Kong distributor today.