Product Code: ETC025127 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore refrigerators market is expected to witness a compound annual growth rate (CAGR) of 6.5% during the forecast period 2020-2026. The demand for refrigerators in Singapore has been on the rise due to rising disposable incomes, growing urbanization and changing consumer lifestyles. The increasing preference for energy efficient refrigerator models is also driving the growth of this market as consumers are increasingly becoming aware of environmental issues. Furthermore, technological advancements such as smart features and increased storage capacities have strengthened the demand for these products in Singapore retail outlets and online stores.
Rising Disposable Incomes: With improving economic conditions across Singapore, households have more spending power at their disposal which has resulted in an increase in the number of households purchasing premium appliances including refrigerators with better features and higher efficiency ratings than before. This trend will further drive sales within this sector over coming years as discretionary income continues to grow throughout Singapore population base.Increasing Urbanization: As cities continue to expand across Singapores landscape, many residents choose larger living spaces with enhanced amenities such as high end kitchen appliances like advanced refrigeration units that can hold large quantities of food items or multiple wines bottles ETC, thus fueling innovation and product development amongst manufacturers operating within this space.
Low Margins Due To Intense Competition From Local & International Manufacturers : With low barriers to entry into theSingapore marketplace, competition within this sector remains stiff between local manufactures who seek lower production costs by producing abroad versus international producers who introduce new technology into their products resulting in pricing pressures on other existing players within domestic markets.This resultsin constantly shrinking profit margins among all participants thus making it difficultfor smaller players stay afloat within this industry
LG Electronics Inc., Panasonic Corporation, Samsung Electronics Co Ltd., AB Electrolux, Whirlpool Corporation ETC are the key players in the market.
The outbreak of Covid-19 pandemic initially disrupted production activities at manufacturing plants resulting major supply chain disruptions globally impacting refrigerator industry as well however increased focus towards hygiene safety protocols provided much needed boost demand these products at later stage mainly due people stocking up food materials meet long term needs thus offsetting some losses incurred between March April periods
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 Refrigerators Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Refrigerators Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Refrigerators Market - Industry Life Cycle |
3.4 Singapore Refrigerators Market - Porter's Five Forces |
3.5 Singapore Refrigerators Market Revenues & Volume Share, By Freezer Location, 2020 & 2030F |
3.6 Singapore Refrigerators Market Revenues & Volume Share, By Door Type, 2020 & 2030F |
3.7 Singapore Refrigerators Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
4 Singapore Refrigerators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Refrigerators Market Trends |
6 Singapore Refrigerators Market, By Types |
6.1 Singapore Refrigerators Market, By Freezer Location |
6.1.1 Overview and Analysis |
6.1.2 Singapore Refrigerators Market Revenues & Volume, By Freezer Location, 2020-2030F |
6.1.3 Singapore Refrigerators Market Revenues & Volume, By Freezer-on-top refrigerators, 2020-2030F |
6.1.4 Singapore Refrigerators Market Revenues & Volume, By Freezer-on-bottom refrigerators, 2020-2030F |
6.1.5 Singapore Refrigerators Market Revenues & Volume, By Freezer-less and others, 2020-2030F |
6.2 Singapore Refrigerators Market, By Door Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Refrigerators Market Revenues & Volume, By Single-door refrigerator, 2020-2030F |
6.2.3 Singapore Refrigerators Market Revenues & Volume, By Double-door refrigerator, 2020-2030F |
6.2.4 Singapore Refrigerators Market Revenues & Volume, By French door refrigerator, 2020-2030F |
6.2.5 Singapore Refrigerators Market Revenues & Volume, By Others, 2020-2030F |
6.3 Singapore Refrigerators Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Singapore Refrigerators Market Revenues & Volume, By Specialty retailers, 2020-2030F |
6.3.3 Singapore Refrigerators Market Revenues & Volume, By Department stores, 2020-2030F |
6.3.4 Singapore Refrigerators Market Revenues & Volume, By Mass retailers/hypermarkets/supermarkets, 2020-2030F |
6.3.5 Singapore Refrigerators Market Revenues & Volume, By Discount stores, 2020-2030F |
6.3.6 Singapore Refrigerators Market Revenues & Volume, By Online, 2020-2030F |
7 Singapore Refrigerators Market Import-Export Trade Statistics |
7.1 Singapore Refrigerators Market Export to Major Countries |
7.2 Singapore Refrigerators Market Imports from Major Countries |
8 Singapore Refrigerators Market Key Performance Indicators |
9 Singapore Refrigerators Market - Opportunity Assessment |
9.1 Singapore Refrigerators Market Opportunity Assessment, By Freezer Location, 2020 & 2030F |
9.2 Singapore Refrigerators Market Opportunity Assessment, By Door Type, 2020 & 2030F |
9.3 Singapore Refrigerators Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
10 Singapore Refrigerators Market - Competitive Landscape |
10.1 Singapore Refrigerators Market Revenue Share, By Companies, 2023 |
10.2 Singapore Refrigerators Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |