Home Furnishings in Singapore - New Market Report

From: Fast Market Research, Inc.
Published: Sun Oct 04 2015

The slowdown in the property market in Singapore continued in 2014. Built-to-order (BTO) flats where launched to meet the demands of consumers in the next few years. As there are limited properties available for people to live in, value sales of home furnishings products slowed down.

Competitive Landscape

Ikano Pte Ltd led home furnishings in 2014, with a retail value share of 12%. The company manages the IKEA brand. Indoor furniture accounted for the majority of Ikano Pte Ltd’s retail value sales in home furnishings in 2014 ??" the company led indoor furniture with a retail value share of 11%. The company continued to increase its presence in light sources in 2014.

Industry Prospects

Over the forecast period, the number of BTO flats is expected to increase, which will directly affect the growth of home furnishings. BTO flats also include two-to-five-room flats for newlyweds, as well as multi-generational flats, which are studio flats for singles or elderly people. Home furnishings is expected to register a retail value CAGR of 1% (constant 2014 prices) over the forecast period.

Full Report Details at
- http://www.fastmr.com/prod/1056242_home_furnishings_singapore.aspx?afid=302

Home Furnishing Market Research

Analyse key trends and developments in Singapore for all product categories, competitors and channels.

Evaluate the market position and financial performance of the leading national and international market players.

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You may also be interested in these related reports:

- Home Furnishings in China
- Home Furnishings in Turkey
- Home Furnishings in the Netherlands
- Home Furnishings in Hong Kong, China
- Home Furnishings in Thailand

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