A key driver of growth for personal luxury has been the rapid expansion of the retail space provided to sell these products. The opening of major luxury shopping malls such as The Exchange TRX Mall are providing opportunities for luxury brands to establish or increase their presence in the market with new boutiques and pop-up stores.
Personal luxury players will continue to focus on enhancing the customer shopping experience as a way to add value and build brand loyalty. For example, Louis Vuitton unveiled its newest store in Pavilion KL in 2024 which spans an impressive three floors, operating as a one-stop shopping destination.
Despite the rise of e-commerce, personal luxury brands will still focus on enhancing the customer shopping experience through unique brick-and-mortar store designs. Thus, many players will likely adopt an omnichannel approach as they look to maximise their sales potential when it comes to personal luxury.
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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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