Bags and Luggage in Malaysia
LVMH Moët Hennessy Louis Vuitton SA maintained the leading position in bags and luggage in Malaysia during 2012 with a 5% value share. Rising number of Malaysians favour luxury goods brands when choosing bags and luggage and this has given LVMH Moët Hennessy Louis Vuitton a major advantage over other non-luxury bags and luggage companies. The companys very well established international brand name denotes a certain level of cachet, which makes its bags and luggage increasingly popular among the Malaysian population. LVMH Moët Hennessy Louis Vuitton SA offers a wide variety of luxury bags and luggage under numerous brands, including the leading bags and luggage brand Louis Vuitton, which accounted for 4% of total retail value sales in the category during 2012, as well as Loewe and Marc Jacobs. These international luxury bags and luggage brands all operate mono-brand retail outlets in some of Malaysias leading shopping centres, including Suria KLCC and Pavilion KL, which are located in the heart of Kuala Lumpur, where there is very strong demand for luxury bags and luggage and luxury goods in general.
Luxury bags and luggage are set to remain subject to very strong demand among Malaysian consumers as a result of rapid urbanisation, which is making consumers much more willing to spend money on luxury handbags offered under luxury goods brands such as Gucci, Louis Vuitton and Coach. This is especially the case among Malaysian women, who are interested in these items for daily use when working and shopping. The leading luxury goods brands are also set to focus much more in strengthening their presence in Malaysia during the forecast period through the opening of new mono-brand retail outlets in regions and cities with a high proportion of high-income consumers, including Johor and Penang. In addition, the strong influence of the social and peer groups of Malaysian women is likely to motivate a shift towards branded bags and luxury bags as these items tend to reflect higher social status. For these and other reasons, bags and luggage in Malaysia is expected to increase in constant value at CAGR of 5% over the forecast period.
Discover the latest market trends and uncover sources of future market growth for the Bags and Luggage industry in Malaysia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Bags and Luggage industry in Malaysia, our research will save you time and money while empowering you to make informed, profitable decisions.
The Bags and Luggage in Malaysia market research report includes:
Our market research reports answer questions such as:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Reasons to Get this Report
- How are sales of Travel Goods expected to perform by 2014?
- What impact does outbound and domestic tourism have on the sales of luggage?
- What share of the market do Leisure and Personal Goods retailers account for?
- 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
As the Malaysian Ministry of Tourism continued to boost the fortunes of the countrys retailing industry towards the end of the review period through its efforts to promote Malaysia as a global luxury shopping tourism destination, global luxury goods brands continued to enjoy a stronger presence in bags and luggage. In addition to the efforts of the Ministry of Tourism and the countrys leading retailers to promote sales of luxury goods generally, the interest of Malaysian consumers in luxury bags and luggage continued to increase towards to end of the review period as the carrying of bags and luggage bearing the logos of leading luxury goods brands remained a major indicator of elevated social status. Female consumers remained particularly keen on demonstrating their superior purchasing power by owning and using luxury bags and luggage, especially when going to work. For this reason, demand for bags and luggage offered under leading luxury goods brands such as Louis Vuitton, Coach, Prada, Chanel and Gucci remained high among Malaysian consumers during 2013.
BAGS AND LUGGAGE IN MALAYSIA
LIST OF CONTENTS AND TABLES
Table 1 Sales of Bags and Luggage by Category: Volume 2008-2013
Table 2 Sales of Bags and Luggage by Category: Value 2008-2013
Table 3 Sales of Bags and Luggage by Category: % Volume Growth 2008-2013
Table 4 Sales of Bags and Luggage by Category: % Value Growth 2008-2013
Table 5 Sales of Handbags by Type: % Value Breakdown 2008-2013
Table 6 Sales of Luggage by Type: % Value Breakdown 2008-2013
Table 7 NBO Company Shares of Bags and Luggage: % Value 2008-2012
Table 8 LBN Brand Shares of Bags and Luggage: % Value 2009-2012
Table 9 Distribution of Bags and Luggage by Format: % Value 2008-2013
Table 10 Forecast Sales of Bags and Luggage by Category: Volume 2013-2018
Table 11 Forecast Sales of Bags and Luggage by Category: Value 2013-2018
Table 12 Forecast Sales of Bags and Luggage by Category: % Volume Growth 2013-2018
Table 13 Forecast Sales of Bags and Luggage by Category: % Value Growth 2013-2018
Bonia Corp Bhd in Personal Accessories (malaysia)
Summary 1 Bonia Corp Bhd: Key Facts
Summary 2 Bonia Corp Bhd: Operational Indicators
Summary 3 Bonia Corp Bhd: Competitive Position 2012
Slower Economic Development Dampens Growth in Personal Accessories in 2013
Malaysian Consumers Are Becoming More Brand-conscious
Highly Fragmented Nature of Personal Accessories Industry Leads To Strong Competition
Non-grocery Retailers Dominate Sales of Personal Accessories in 2013
Economic Uncertainty Is Set To Influence the Performance of Personal Accessories
Key Trends and Developments
Competition Among Overlying Brands in Personal Accessories
New Product Trends and Collections
Specialist Retail Channels
Slower Economic Growth Dampens Sales of Personal Accessories
Table 14 Sales of Personal Accessories by Category: Volume 2008-2013
Table 15 Sales of Personal Accessories by Category: Value 2008-2013
Table 16 Sales of Personal Accessories by Category: % Volume Growth 2008-2013
Table 17 Sales of Personal Accessories by Category: % Value Growth 2008-2013
Table 18 NBO Company Shares of Personal Accessories: % Value 2008-2012
Table 19 LBN Brand Shares of Personal Accessories: % Value 2009-2012
Table 20 Distribution of Personal Accessories by Format: % Value 2008-2013
Table 21 Forecast Sales of Personal Accessories by Category: Volume 2013-2018
Table 22 Forecast Sales of Personal Accessories by Category: Value 2013-2018
Table 23 Forecast Sales of Personal Accessories by Category: % Volume Growth 2013-2018
Table 24 Forecast Sales of Personal Accessories by Category: % Value Growth 2013-2018
Summary 4 Research Sources
This report does not have a list of Companies Mentioned available
This report does not have a press release associated with it