Honbei

Honbei Market Overview

Grips Intelligence in-store data covering January 1 through September 30, 2026 across Home Depot and Lowe's shows Honbei, a brand of privately held Ningbo Raylion Tech Co., Ltd., concentrating almost entirely in a single retail channel. Home Depot accounted for 97.1% of year-to-date revenue, leaving Lowe's with just 2.9% share. The brand's average product price stood at $194.58 for the period, though pricing has trended downward, falling 17.2% overall and 7.8% month-over-month to $182.23. Revenue has been similarly pressured, declining 21.8% across the tracked window despite an 8.6% month-over-month rebound in the most recent period. The gap between the blended average price and top listings — which range from roughly $70 to over $1,000 at Lowe's — points to a wide assortment spread that likely drives much of this price volatility.