PROSPECTS AND OPPORTUNITIES
E-commerce on the rise but physical stores dominate distribution
The online buying trend continues in consumer electronics in 2024, although its retail volume share is lower than previously anticipated as local consumers revert to shopping in physical stores in the post-Coronavirus (COVID-19) period. E-commerce is likely to continue to grow retail volume share gradually in 2024 as online stores slash prices and offer value buy deals, host double sales events (eg e-commerce platforms Shopee, Lazada and webstores) and brand owners are aggressive in marketing and promotion.
Local tourism tax and ride-hailing services offer bright spots but music streaming services increase redundancy fears
Local tourism tax incentives could stimulate demand, but consumers are likely to remain price-sensitive in the forecast period. Since the COVID-19 pandemic, local consumers have generally become keener to drive their own cars rather than take public transport.
Smartphones and pre-installed systems to continue to see a move away from aftermarket in-car entertainment
In-car entertainment will continue to be cannibalised by smartphones throughout the forecast period. Indeed, the planned expansion of 5G in Malaysia will make smartphones an even-more compelling alternative to in-car entertainment.
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 In-Car Entertainment 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 In-Car Entertainment 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 In-Car Entertainment 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 In-Car Entertainment in Malaysia?
- Which are the leading brands in Malaysia?
- How are products distributed in Malaysia?
- How is the rise of e-commerce changing the retail landscape?
- How has COVID-19 and accordant macroeconomic and retail disruption impacted consumer demand?
- How are considerations such as urban development and the rise in single-person households driving sales growth?
- Where is technology taking the market? Which products are pioneering growth? Which face obsolescence?
- Where is future growth expected to be most dynamic?
In-Car Entertainment in Malaysia - Category analysis
KEY DATA FINDINGS
New cars with built-in devices hurt aftermarket sales
Rising take up of EVs and Waze provides further blows to category sales
The landscape remains competitive in a declining category
E-commerce on the rise but physical stores dominate distribution
Local tourism tax and ride-hailing services offer bright spots but music streaming services increase redundancy fears
Smartphones and pre-installed systems to continue to see a move away from aftermarket in-car entertainment
Consumer Electronics in Malaysia - Industry Overview
Consumer electronics in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
DISCLAIMER
The following categories and subcategories are included:
In-Car Entertainment
- In-Car Navigation
- In-Car Speakers
- In-Dash Media Players
In-Car Entertainment
In-car Entertainment consists of In-Dash Media Players, In-Car Navigation, and In-Car Speakers.
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 In-Car Entertainment 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!