Singapore Tables Market (2024-2030) | Share, Forecast, Trends, Growth, Industry, Size, Companies, Revenue, Value, Outlook & Analysis

Singapore Tables Market Synopsis

The Singapore Tables market is projected to register a CAGR of 7.3% during the forecast period (2020-2026). The growing popularity of tables made from teak wood in households and commercial spaces is driving the market growth in the country. Moreover, increasing investments by leading manufacturers towards product innovations and developments are expected to further propel the demand for tables in Singapore over the forecast period.

Market Drivers

Growing Demand from Residential Segment: Homeowners are increasingly investing in quality tables such as dining sets, console tables and coffee/end tables due to their versatile nature. Furthermore, with more people working from home during pandemics like COVID-19 coupled with rising disposable incomes has further fueled this trend. Increasing Online Shopping Trends: With e-commerce becoming a preferred mode of shopping among consumers due to convenience it provides along with attractive discounts offered by online retailers have increased its popularity among customers over traditional retail stores leading them to shift towards buying even big items like furniture online. This is likely to benefit table manufacturers who are engaged in selling their products through these platforms thus aiding market growth over forecast period.

Market challenges

The spread of Covid-19 outbreak had significant implications across industries including furnishing sector as well due slowing global economic activity & disruption caused due lockdown imposed nationwide. This resulted into decline sales numbers recorded during initial months but later on expected recover once situation gets back normalcy & will continue register healthy CAGR throughout forecast period 2021 -2026 taking account delayed purchases made earlier i.e Q2 2020 where consumer preference shifted towards essential goods only.

Key players

Major companies operating within Singapore Tables Market includes IKEA., Ashley Furniture Industries Inc., Herman Miller Inc., Steelcase Inc., Haworth LLC , Hooker Furniture Corporation , Kokuyo Co Ltd , Compatico Inc.

Covid-19 Impact

The spread of Covid-19 outbreak had significant implications across industries including furnishing sector as well due slowing global economic activity & disruption caused due lockdown imposed nationwide. This resulted into decline sales numbers recorded during initial months but later on expected recover once situation gets back normalcy & will continue register healthy CAGR throughout forecast period 2021 -2026 taking account delayed purchases made earlier i.e Q2 2020 where consumer preference shifted towards essential goods only.

Key Highlights of the Report:

• Singapore Tables Market Outlook
• Market Size of Singapore Tables Market, 2023
• Forecast of Singapore Tables Market, 2030
• Historical Data and Forecast of Singapore Tables Revenues & Volume for the Period 2020-2030
• Singapore Tables Market Trend Evolution
• Singapore Tables Market Drivers and Challenges
• Singapore Tables Price Trends
• Singapore Tables Porter's Five Forces
• Singapore Tables Industry Life Cycle
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Types for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Fabric for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Leather for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Metal for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Wooden for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Applications for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Family for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Office for the Period 2020-2030
• Historical Data and Forecast of Singapore Tables Market Revenues & Volume By Others for the Period 2020-2030
• Singapore Tables Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Applications
• Singapore Tables Top Companies Market Share
• Singapore Tables Competitive Benchmarking By Technical and Operational Parameters
• Singapore Tables Company Profiles
• Singapore Tables Key Strategic Recommendations