PROSPECTS AND OPPORTUNITIES
Innovation and brand collaborations to drive growth
Convenience retailers are pursuing new revenue streams by expanding foodservice, introducing exclusive product lines and partnering with popular brands. This approach reduces reliance on traditional grocery sales, helps differentiate their brand identity and aligns with the rising demand for convenience in Singapore’s fast-paced society.
Rising EV adoption shapes forecourt retail
Singapore’s efforts to promote more sustainable forms of transport have led to a marked increase in electric vehicle usage. According to Land Transport Authority data, there are around 18,000 electric vehicles in the country, accounting for 2.
International travel supports channel recovery
Singapore’s convenience retail channel will benefit from renewed international tourism during the forecast period, supported by ongoing initiatives to expand the country’s infrastructure and entertainment offerings. Projects such as the development of Terminal 5 at Changi Airport and the expansion of Marina Bay Sands, which includes a new luxury hotel tower and a cutting-edge entertainment arena, reinforce Singapore’s position as a key regional destination for both leisure and business travellers.
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Overview:
Understand the latest market trends and future growth opportunities for the Convenience Retailers industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Convenience Retailers industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Convenience Retailers in Singapore report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Convenience Retailers in Singapore?
- Which are the leading retailers in Convenience Retailers in Singapore?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Convenience Retailers in Singapore - Category analysis
KEY DATA FINDINGS
Emart24’s short-lived presence in Singapore
Forecourt retailers evolve store offerings
Unmanned convenience stores gain ground
Innovation and brand collaborations to drive growth
Rising EV adoption shapes forecourt retail
International travel supports channel recovery
Retail in Singapore - Industry Overview
Retail in 2024: the big picture
Experiential retail as key focus as retailers look to redefine the role of the store
Artificial intelligence drives development
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Lunar New Year
Hari Raya Aidilfitri (or Hari Raya Puasa)
Christmas and New Year
DISCLAIMER
The following categories and subcategories are included:
Convenience Retailers
- Convenience Stores
- Forecourt Retailers
Convenience Retailers
The aggregation of convenience stores and forecourt retailers.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Convenience Retailers research and analysis database.
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