The biggest player in the Malaysian eCommerce Market is apple.com. The store had a revenue of US$63 million in 2019. It is followed by zalora.com.my with US$50 million revenue and tesco.com.my with US$29 million revenue.
Store rankings are based on every store that generates revenue in in Malaysia. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in in Malaysia was considered.
One of the fastest-growing stores in the Malaysian market is 50gram.com.my. The store achieved sales of about US$0.4 million in 2019. Its revenue growth amounted to 143% in the previous year.
Digital Market Outlook by Statista
The Digital Market Outlook presents up-to-date figures on markets of the digital economy. The comparable key figures are based on extensive analyses of relevant indicators from the areas of society, economy, and technology.
Market expansion in in Malaysia is expected to continue over the next few years, as indicated by the Statista Digital Market Outlook. It has been predicted that the compound annual growth rate (CAGR 19-23) for the next four years will be 24%. Compared to the year-over-year growth of 33%, this decrease suggests a moderately flooded market. Another indicator of market saturation is the online penetration of 37% in in Malaysia; in other words, 37% of the Malaysian population have bought at least one product online in 2019.
Five categories are considered by ecommerceDB. Fashion is the largest segment in in Malaysia and accounts for 30% of the eCommerce revenue in in Malaysia. This is followed by Electronics & Media with 27%, Toys, Hobby & DIY with 20%, Furniture & Appliances with 13% and Food & Personal Care with the remaining 10%.