Premium and Luxury Cars in Malaysia

Description

Malaysians continue to show a strong appetite towards premium and luxury cars with vehicle sales seeing double-digit growth in value and volume terms in 2024. This dynamic growth has been backed by aggressive new launches from leading brands like BMW and Porsche. Brands like Ferrari have also continued to work on building brand interest and awareness. For instance, the Ferrari Owners Club Malaysia Festival (FOCM) gathers together Ferrari enthusiasts with owners driving up to the peak of Resorts...

Euromonitor International's Premium and Luxury Cars in Malaysia report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers' shopping patterns. Forecasts to 2028 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

Get a detailed picture of the Premium and Luxury Cars market;
Pinpoint growth sectors and identify factors driving change;
Understand the competitive environment, the market's major players and leading brands;
Use five-year forecasts to assess how the market is predicted to develop.

Product Code: LUXMYlc

List Of Contents And Tables

KEY DATA FINDINGS

2024 DEVELOPMENTS

Demand for premium and luxury cars in Malaysia continues to grow at a rapid pace
BMW drives into a commanding lead thanks to the success of new models, including electric vehicles (EV), and the new Retail.Next dealership concept
Strong momentum and pick up of electric and hybrid vehicles resulted from rapid China brands penetration and Tesla

PROSPECTS AND OPPORTUNITIES

Demand on premium and luxury cars expected to be on the rise with strong positive outlook following active launch of new models
Premium and luxury car dealers to focus on ways to attract customers both in the physical world and online
Competition likely to intensify as Malaysia goes electric

CATEGORY DATA

Table 1 Sales of Premium and Luxury Cars: Value 2019-2024
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029

LUXURY GOODS IN MALAYSIA

EXECUTIVE SUMMARY

Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?

MARKET DATA

Table 7 Sales of Luxury Goods by Category: Value 2019-2024
Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029

DISCLAIMER

SOURCES

Summary 1 Research Sources