Sales of personal luxury look set to increase at a CAGR of 7% in current value terms (5% 2023 constant value CAGR) during the forecast period to reach MYR11.9 billion.
Designer apparel and footwear (ready-to-wear) will likely remain the largest category, with an sales projected to increase at a 6% current value CAGR (4% 2023 constant value CAGR) to reach MYR3.6 billion in 2028.
Luxury wearables electronics is expected to be the most dynamic category over 2023-2028, with sales predicted to increase at a current value CAGR of 19% (16% 2023 constant value CAGR) to reach MYR52 million. Demand will continue to be sustained through innovation, with leading brands continuing to launch new models on a frequent basis, while making fast-paced technological advances in order to encourage upgrades.
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Understand the latest market trends and future growth opportunities for the Personal Luxury industry in Malaysia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Personal Luxury industry in Malaysia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Personal Luxury
This is an aggregation of Designer Clothing and Footwear (Ready-to-Wear), Luxury Eyewear, Luxury Jewellery, Luxury Timepieces, Luxury Leather Goods, Luxury Writing Instruments and Stationery, Luxury Portable Consumer Electronics and Super Premium Beauty and Personal Care.
See All of Our DefinitionsThis report originates from Passport, our Personal Luxury research and analysis database.
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