PROSPECTS AND OPPORTUNITIES
Home improvement programme underpins spending on household upgrades
The majority of Singapore’s population lives in Housing and Development Board (HDB) flats, and home ownership remains a key goal for many residents, particularly young couples and families purchasing Build-to-Order (BTO) flats. The HDB’s Home Improvement Programme, launched in 2007, has so far benefited close to 500,000 units.
AVS cat management framework set to bolster pet retail growth
Pet shops and superstores stands to gain from the Animal & Veterinary Service (AVS) cat management framework launched in September 2024. Under this new regulation, families living in HDB flats can keep up to two cats in their units, reversing a decades-long prohibition against cats in public housing, while those residing in private property are allowed to keep up to three cats or dogs, or a combination of both.
Japanese-inspired living remains popular, while IKEA diversifies beyond furnishings
Japanese-designed and manufactured products continue to attract enthusiastic support from Singapore consumers. Perceptions of quality, coupled with minimalistic design and user-friendly functionality, make these products suitable for smaller living spaces commonly found in urban settings.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists 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 Home Products Specialists 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 Home Products Specialists 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 Home Products Specialists in Singapore?
- Which are the leading retailers in Home Products Specialists 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?
Home Products Specialists in Singapore - Category analysis
KEY DATA FINDINGS
Growing pet ownership signals changing lifestyles
Ikea prioritises affordability
Castlery invests in offline retail to boost consumer engagement
Home improvement programme underpins spending on household upgrades
AVS cat management framework set to bolster pet retail growth
Japanese-inspired living remains popular, while IKEA diversifies beyond furnishings
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:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
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 Home Products Specialists research and analysis database.
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