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PUBLISHER: Euromonitor International | PRODUCT CODE: 1358334
PUBLISHER: Euromonitor International | PRODUCT CODE: 1358334
Luxury Goods in Malaysia
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PAGES: 46 Pages
DELIVERY TIME: 1-2 business days
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Retail value sales of luxury goods in Malaysia are set to rise by 15% in 2023 in current terms to amount to MYR31.0 billion. A combination of a renewed desire for indulgence, pent-up demand, and the resumption of key activities, including travelling, shopping and working, have played an integral role in driving growth in sales during the post-pandemic period. The latter part of the review period also saw affluent consumers returning to travelling again, which had a noticeable positive impact on...
Euromonitor International's Luxury Goods in Malaysia report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers' shopping patterns. Forecasts to 2027 illustrate how the market is set to change
Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
- Get a detailed picture of the Luxury Goods 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.
Product Code: LUXMY
TABLE OF CONTENTS
List Of Contents And Tables
EXECUTIVE SUMMARY
- Luxury goods in 2023: The big picture
- 2023 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
MARKET DATA
- Table 1 Sales of Luxury Goods by Category: Value 2018-2023
- Table 2 Sales of Luxury Goods by Category: % Value Growth 2018-2023
- Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2018-2023
- Table 4 NBO Company Shares of Luxury Goods: % Value 2018-2023
- Table 5 LBN Brand Shares of Luxury Goods: % Value 2019-2023
- Table 6 Distribution of Luxury Goods by Format and Category: % Value 2023
- Table 7 Forecast Sales of Luxury Goods by Category: Value 2023-2028
- Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
- Summary 1 Research Sources
EXPERIENTIAL LUXURY IN MALAYSIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Current retail value sales of experiential luxury on the rise in 2023
- Luxury hotels benefiting from return of wealthy tourists in 2023
- Shangri-La International Hotel Management Ltd leads experiential luxury in 2022
PROSPECTS AND OPPORTUNITIES
- Retail value sales expected to see strong growth as tourism picks up
- Luxury hotels set to benefit from new openings and returning demand
- E-commerce set to play a more important role moving forward
CATEGORY DATA
- Table 9 Sales of Experiential Luxury by Category: Value 2018-2023
- Table 10 Sales of Experiential Luxury by Category: % Value Growth 2018-2023
- Table 11 NBO Company Shares of Experiential Luxury: % Value 2018-2023
- Table 12 LBN Brand Shares of Experiential Luxury: % Value 2019-2022
- Table 13 Forecast Sales of Experiential Luxury by Category: Value 2023-2028
- Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2023-2028
FINE WINES/CHAMPAGNE AND SPIRITS IN MALAYSIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Fine wines/Champagne and spirits seeing strong growth as consumers start socialising again
- Luxury spirits is the largest subcategory in terms of value sales in the last year of the review period
- Pernod Ricard Malaysia Sdn Bhd is the number one company in fine wines/champagne and spirits in 2022
PROSPECTS AND OPPORTUNITIES
- Positive outlook for the forecast period for fine wines/Champagne and spirits
- Fine wines is expected to see the fastest percentage CAGR rise during forecast period
- E-commerce set to play a more prominent role in sales of fine wines/Champagne and spirits
CATEGORY DATA
- Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2018-2023
- Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2018-2023
- Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2018-2022
- Table 18 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2018-2023
- Table 19 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2023-2028
- Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2023-2028
PREMIUM AND LUXURY CARS IN MALAYSIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Premium and luxury cars sees stable demand despite economic pressures
- Number of premium and luxury cars stabilises after strong recovery
- Premium and luxury cars is led by BMW Malaysia Sdn Bhd in 2022
PROSPECTS AND OPPORTUNITIES
- Value sales of premium and luxury cars forecast to rise over 2023-2028
- E-commerce set to play a bigger role in the category
- Growth in electric cars expected
CATEGORY DATA
- Table 21 Sales of Premium and Luxury Cars: Value 2018-2023
- Table 22 Sales of Premium and Luxury Cars by Category: % Value Growth 2018-2023
- Table 23 NBO Company Shares of Premium and Luxury Cars: % Value 2018-2023
- Table 24 LBN Brand Shares of Premium and Luxury Cars: % Value 2019-2023
- Table 25 Forecast Sales of Premium and Luxury Cars: Value 2023-2028
- Table 26 Forecast Sales of Premium and Luxury Cars: % Value Growth 2023-2028
PERSONAL LUXURY IN MALAYSIA
KEY DATA FINDINGS
2023 DEVELOPMENTS
- Personal luxury sees full recovery in 2023
- Designer apparel and footwear (ready-to-wear) bounces back as life returns to relative normality
- Luxury eyewear sees healthy growth as consumers enjoy their newfound sense of freedom
- Luxury jewellery sales benefit from the return of special events and occasions
- Luxury leather goods benefits from uptick in travel and the desirability of luxury handbags
- Luxury wearables electronics benefits from growing focus on health and fitness in 2023
- Luxury timepieces enjoys value sales increase
- Luxury writing instruments and stationery on the rise in 2023 as consumers return to in-store shopping
- Super premium beauty and personal care on the rise as consumers place a renewed focus on personal appearance
- Louis Vuitton Malaysia Sdn Bhd leads personal luxury in 2022 while Dior hosts eye-catching pop-up event in 2023
PROSPECTS AND OPPORTUNITIES
- Bright outlook for the forecast period
- Designer apparel and footwear (ready-to-wear) set to benefit from consumer desire to have the latest fashions with collaborations likely to feature prominently
- Luxury wearables electronics is expected to see the most dynamic growth but luxury timepieces likely to remain more popular with investors
CATEGORY DATA
- Table 27 Sales of Personal Luxury by Category: Value 2018-2023
- Table 28 Sales of Personal Luxury by Category: % Value Growth 2018-2023
- Table 29 NBO Company Shares of Personal Luxury: % Value 2018-2023
- Table 30 LBN Brand Shares of Personal Luxury: % Value 2019-2023
- Table 31 Distribution of Personal Luxury by Format: % Value 2018-2023
- Table 32 Forecast Sales of Personal Luxury by Category: Value 2023-2028
- Table 33 Forecast Sales of Personal Luxury by Category: % Value Growth 2023-2028
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