Malaysia Household Appliances Market (2023-2029) | Growth, Share, Industry, Size, Outlook, Trends, Revenue, Analysis, Forecast, Segmentation & COVID-19 IMPACT

Malaysia Household Appliances Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Thailand. It has registered a growth of 47.17% over the previous year. While Thailand registered a growth of 0.5% as compared to the previous year. In the year 2017, Thailand was the largest exporter followed by China. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has a Herfindahl index of 3723 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  3853 which signifies high concentration in the market.

Malaysia Household Appliances Market - Export Market Opportunities

Topics Covered in the Malaysia Household Appliances Market

The Malaysia Household Appliances Market report thoroughly covers the market by product and distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Malaysia Household Appliances Market Synopsis

Malaysia Household Appliances Market is poised for significant growth in the coming years on account of a growing population and increasing middle-class households.  Malaysia household appliances market is one of the fastest-growing markets in Southeast Asia with a booming population and increasing disposable income. With more people moving to urban areas, the demand for household appliances is increasing as people are looking forward to making their homes more comfortable.

According to 6Wresearch, the Malaysia Household Appliances Market size is anticipated to grow at a higher growth rate during 2023-2029. The main drivers of this growth are the country's young population and their increasing purchasing power. Also, the government's initiatives to promote energy-efficient appliances have also contributed to the Malaysia Household Appliances Market growth. Moreover, the growing trend of nuclear families and changing lifestyles are also projected to fuel the demand for household appliances in Malaysia. The government has initiated various policies and regulations in recent years that have had a significant impact on the household appliances market. However, the high level of competition from unorganized players, and the declining demand for some products due to the increasing availability of substitutes are likely to have a negative impact on the growth of the market during the forecast period.

COVID-19 Impression on the Malaysia Household Appliances Market

The COVID-19 epidemic has affected the growth of Malaysia household appliances industry due to the imposition of lockdowns and other social distancing measures to curb the spread of the virus. These measures have led to changes in consumer behavior and preferences, which have affected the demand for household appliances. With people staying at home during the pandemic and avoiding physical stores, online sales of household appliances have increased significantly. This has led to an upsurge in demand for home appliances. The pandemic has also led to changes in the types of household appliances that people are buying as many people were working from home, there has been an increased demand for air purifiers and air conditioners and home entertainment systems.

Market Analysis by Product

According to Shivankar, Research Manager, 6Wresearch, the air conditioner segment is dominating the Malaysia household appliances market share during the forecast period, due to the increasing demand for air conditioners in the residential sector and the development of energy-efficient air conditioning technologies.

Market Analysis by Distribution Channels

In terms of distribution channels, supermarkets/hypermarkets are anticipated to account for a major share of the market owing to their wide product range. On the other hand, online channels are also gaining popularity among consumers owing to their convenience and discounts.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Household Appliances Market Outlook
• Market Size of Malaysia Household Appliances Market, 2022
• Forecast of Malaysia Household Appliances Market, 2029
• Historical Data and Forecast of Malaysia Household Appliances Revenues & Volume for the Period 2019 - 2029
• Malaysia Household Appliances Market Trend Evolution
• Malaysia Household Appliances Market Drivers and Challenges
• Malaysia Household Appliances Price Trends
• Malaysia Household Appliances Porter's Five Forces
• Malaysia Household Appliances Industry Life Cycle
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Product for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Refrigerator for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Air Conditioner & Heater for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Entertainment & Information Appliances for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Washing Machine for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Cleaning Appliance for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Cooktop, Cooking Range, Microwave & Oven for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Others for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Distribution Channel for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Supermarket & Hypermarket for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Specialty Stores for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By e-Commerce for the Period 2019 - 2029
• Historical Data and Forecast of Malaysia Household Appliances Market Revenues & Volume By Others for the Period 2019 - 2029
• Malaysia Household Appliances Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Distribution Channel
• Malaysia Household Appliances Top Companies Market Share
• Malaysia Household Appliances Competitive Benchmarking By Technical and Operational Parameters
• Malaysia Household Appliances Company Profiles
• Malaysia Household Appliances Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product

• Refrigerator
• Air Conditioner & Heater
• Entertainment & Information Appliances
• Washing Machine
• Cleaning Appliance
• Cooktop
• Cooking Range
• Microwave & Oven
• Others

By Distribution Channel

• Supermarket & Hypermarket
• Specialty Stores
• E-Commerce
• Others