Product Code: ETC009767 | Publication Date: Jun 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore Furniture Market is likely to experience consistent growth rate gains over the period 2025 to 2029. From 1.81% in 2025, the growth rate steadily ascends to 2.28% in 2029.
Singapore's Furniture market is anticipated to experience a stable growth rate of 2.11% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
The Singapore furniture market is expected to witness a compound annual growth rate (CAGR) of 8.4% during the forecast period 2020-2026. An increase in the number of affluent households engaging in high value spending, and an increased inclination towards luxury furniture are some of the factors driving market growth.
Moreover, rapid urbanization has led to changing consumer preferences leading to greater demand for modern furniture designs that can be customized according to specific needs. Furthermore, online retailing channels such as e-commerce websites have enabled customers with access to various types of furniture from across the globe at competitive prices thereby driving market growth further. Additionally, increasing investment by manufacturers on product innovation is likely to drive product differentiation which will lead to increased demand for modular and convertible type furnishings among others.
Furthermore, technological advancements such as smart home technology are gaining traction owing its convenience features along with personalization options which further adding up the adoption level in this region resulting in higher sales hence augmenting overall industry size over the analysis timeline.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Furniture Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Furniture Market Revenues & Volume, 2019 & 2026F |
3.3 Singapore Furniture Market - Industry Life Cycle |
3.4 Singapore Furniture Market - Porter's Five Forces |
3.5 Singapore Furniture Market Revenues & Volume Share, By Material Types, 2019 & 2026F |
3.6 Singapore Furniture Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Singapore Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Furniture Market Trends |
6 Singapore Furniture Market, By Types |
6.1 Singapore Furniture Market, By Material Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Furniture Market Revenues & Volume, By Material Types, 2016 - 2026F |
6.1.3 Singapore Furniture Market Revenues & Volume, By Plastic, 2016 - 2026F |
6.1.4 Singapore Furniture Market Revenues & Volume, By Wood, 2016 - 2026F |
6.1.5 Singapore Furniture Market Revenues & Volume, By Metal, 2016 - 2026F |
6.1.6 Singapore Furniture Market Revenues & Volume, By Other, 2016 - 2026F |
6.2 Singapore Furniture Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Singapore Furniture Market Revenues & Volume, By Residential, 2016 - 2026F |
6.2.3 Singapore Furniture Market Revenues & Volume, By Commercial, 2016 - 2026F |
7 Singapore Furniture Market Import-Export Trade Statistics |
7.1 Singapore Furniture Market Export to Major Countries |
7.2 Singapore Furniture Market Imports from Major Countries |
8 Singapore Furniture Market Key Performance Indicators |
9 Singapore Furniture Market - Opportunity Assessment |
9.1 Singapore Furniture Market Opportunity Assessment, By Material Types, 2019 & 2026F |
9.2 Singapore Furniture Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Singapore Furniture Market - Competitive Landscape |
10.1 Singapore Furniture Market Revenue Share, By Companies, 2019 |
10.2 Singapore Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |