PROSPECTS AND OPPORTUNITIES
Players able to ease the financial burden on consumers are well placed to prosper
Despite persistent economic pressures, all categories of home products specialists are set to post positive growth in retail value (constant 2024 prices) sales and outlet terms over the forecast period. Importantly, home products specialists are set to devise strategies that fit with consumers’ needs in light of anticipated rises in the cost-of-living in the early forecast period.
Expanding and emerging brands in pet shops and superstores as pets gain popularity
The smallest category, pet shops and superstores, is set to see modest, but steady increases in retail value (constant 2024 prices) sales and outlet numbers in the forecast period. Importantly, Malaysians are increasingly keen on keeping animals as pets at home, especially dogs and cats.
Mr DIY and Ikea to continue to see strong investments in development and expansion
Mr DIY Trading is set to continue its aggressive expansion plans over the forecast period, which should support company and overall category growth. The aim is to extend its presence to more shopping malls/centres and suburban areas.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists 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 Home Products Specialists 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.
The Home Products Specialists in Malaysia report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Products Specialists in Malaysia?
- Which are the leading retailers in Home Products Specialists in Malaysia?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in Malaysia - Category analysis
KEY DATA FINDINGS
The economic situation continues to shape consumer behaviour
Mr DIY pushes the strong performance of home improvement and gardening stores
Ikea leverages consumer recognition and trust to lead homewares and home furnishing stores
Players able to ease the financial burden on consumers are well placed to prosper
Expanding and emerging brands in pet shops and superstores as pets gain popularity
Mr DIY and Ikea to continue to see strong investments in development and expansion
Retail in Malaysia - Industry Overview
Retail in 2024: The big picture
Expansion plans and price competition intensify the landscape
Players look to technology and experiential shopping to gain a competitive edge
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Chinese New Year
Hari Raya Aidilfitri
Deepavali
Christmas
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Products Specialists research and analysis database.
NEW REPORT GUARANTEE
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!