Malaysia to See Further Growth in Retail Sales, Expects Verdict Retail in Its Report Available at MarketPublishers.com13 Oct 2016 • by Natalie Aster
LONDON – There has been positive growth in total retail sales of Malaysia, and this tendency is expected to continue in the forthcoming years. GST’s implementation had large impact on the consumer confidence and led to the reduction of consumer spending levels. The demand for products has gone done to a certain extent given the fact that most users prefer to spend their money only on daily essentials.
Food and grocery lead the space in terms of retail sales in Malaysia. The online retail channel is to demonstrate significant growth at a CAGR of more than 16% in the upcoming years.
Retail expenditure is set to grow by MYR 55 billion by 2020. Tourism is set to become the primary driver of this market growth.
In-demand research report “Retailing in Malaysia- Market Summary and Forecasts” worked out by Verdict Retail offers an up-close look at the Malaysian retail space. The study starts with a detailed discussion of the market context. It provides an all-round overview covers issues relative to local shoppers and things that influence their behavior.
The report sheds light on aspects of doing business in Malaysia. The research study also discusses internet and technology trends. It investigates retail trends and summarizes product sectors to proceed with an analysis of their performance. Retail channels are also looked at in the research report. Major retailers are profiled in the study, too. Historical data as well as future projections are on hand in the study.
Reasons to Buy:
- get access to valuable data on different product categories and learn ones are the most prominent ones;
- find out which new opportunities this market has;
- keep abreast of latest trends and developments in the country’s market;
- understand which companies lead the race.
Other Marketplaces Scrutinized by the Publisher Comprise:
- Wealth in the Philippines
- UK Household Insurance
- UK Travel Insurance
- Cooking and Baking
- Small Domestic Appliances
More insightful studies by our partner are available at its page.