Top Companies in Malaysia Luxury Goods Market
This report lists the top Malaysia Luxury Goods companies based on the 2023 & 2024 market share reports. Mordor Intelligence expert advisors conducted extensive research and identified these brands to be the leaders in the Malaysia Luxury Goods industry.
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Rolex
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Prada
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The Estée Lauder Companies Inc.
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Burberry
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LVMH Moët Hennessy Louis Vuitton
*Disclaimer: Top companies sorted in no particular order
Malaysia Luxury Goods Market Concentration
Malaysia Luxury Goods Company List
Giorgio Armani S.p.A.
Kering
LVMH Moët Hennessy Louis Vuitton
Patek Philippe SA
Prada S.p.A
Chanel
Burberry Group PLC
Rolex S.A.
Hermes International S.A.
The Estee Lauder Companies Inc.
Specific to Malaysia Luxury Goods Market
Competitive Landscape Report Includes
Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments). Key Strategic Moves, Market Share Analysis, Company Landscape, and List of Companies.
Malaysia Luxury Goods Market Companies Summary
The luxury goods market in Malaysia has been significantly impacted by the Covid-19 pandemic, with closures of commercial markets and malls, cross-border trade barriers, and changes in tourism flow affecting all levels of the supply chain. However, this has also presented an opportunity for luxury brands to expand into online retailing, as tech-savvy consumers increasingly turn to e-commerce platforms to purchase fashion accessories. Despite the challenges, the medium-term outlook for the industry is positive, with Malaysia emerging as a popular destination for luxury tourism and thus a potential marketplace for global luxury brand manufacturers and retailers. The rise of e-commerce has also made it easier for consumers to access product information and prices, which is expected to boost online sales of luxury goods. The sustained growth of the luxury goods market in Malaysia can be attributed to the rise in tourism and the growing cultural influence. Tourists visiting the country often have high disposable incomes and tend to purchase luxury goods from multinational brands. The increasing influence of culture and social pressure, along with the growing wealth of the population, is driving the market for luxury goods. High-income households often gift luxury goods such as jewelry and watches to express affection and prestige, as branded products are perceived to elevate the owner's social status. The primary distribution channels for luxury goods in the country include single-brand stores, multi-brand stores, and other offline channels. Multi-brand stores account for most of the sales of luxury goods due to their wide range of products. Many luxury goods manufacturers opt for local agents or dealers to market and distribute their goods in Malaysia, which allows international firms to benefit from local experience while avoiding the costs associated with having a physical footprint in the country. The market is competitive, with multinational companies gaining preference due to their extensive distribution networks.
Explore MoreMalaysia Luxury Goods Companies - Table of Contents
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1. COMPETITIVE LANDSCAPE
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1.1 Most Adopted Strategies
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1.2 Market Share Analysis
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1.3 Company Profiles
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1.3.1 Giorgio Armani S.p.A.
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1.3.2 Kering
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1.3.3 LVMH Moët Hennessy Louis Vuitton
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1.3.4 Patek Philippe SA
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1.3.5 Prada S.p.A
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1.3.6 Chanel
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1.3.7 Burberry Group PLC
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1.3.8 Rolex S.A.
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1.3.9 Hermes International S.A.
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1.3.10 The Estee Lauder Companies Inc.
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- *List Not Exhaustive
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Malaysia Luxury Goods Companies FAQs
Who are the key players in Malaysia Luxury Goods Market?
Rolex S.A., Prada S.p.A, The Estée Lauder Companies Inc., Burberry Group PLC and LVMH Moët Hennessy Louis Vuitton are the major companies operating in the Malaysia Luxury Goods Market.