After the positive performances seen in 2021 and 2022 it is expected that there will be a dramatic slowdown in the growth of appliances and electronics specialists over the forecast period in value terms (at constant 2022 prices). The unfavourable economic environment in Malaysia with rising interest rates and elevated inflation is likely to put pressure on consumers’ disposable income and will likely result in many consumers exercising greater caution in their discretionary spending.
There is a growing interest in smart homes in Malaysia, with new technology having the potential to change the way people live, bringing convenience and comfort into the home, and making everyday life easier for the entire family. Smart homes provide a more seamless experience for users when it comes to the electronics and appliances they own.
The COVID-19 pandemic changed the way consumers shop and pay for a range of goods, including appliances and electronics specialists. Alongside the rise of cashless payments the market also saw the emergence of Buy Now Pay Later (BNPL) services.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists 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 Appliances and Electronics Specialists 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.
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.See All of Our Definitions
This report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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