Singapore Home and Garden Product Retail Market Summary, Competitive Analysis and Forecast, 2017-2026
Singapore Home and Garden Product Retail Market Summary, Competitive Analysis and Forecast, 2017-2026
Abstract
Summary
Home & Garden Product Retail in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The home & garden products market consists of gardening and outdoor living products, home improvement products, and homewares. Gardening and outdoor living includes garden buildings, manual and electric garden tools, garden utensils, outdoor living products (garden furniture, barbecues, ornaments), and plants and growing media (bulbs, compost, domestic fertilizer, flowering plants, seeds, shrubs and trees). Home improvement includes retail (not trade) sales of decorating materials (paint, varnish, wall tiles, wallpaper), Electricals hardware (alarms, light fittings, plugs, switches), hardware (brackets, locks, nails, bolts, nuts, etc.), other materials (adhesive, aggregates, boards, cement, doors, window frames, glass, bricks, timber, etc.), and manual and power tools. Homewares includes retail sales of home hardware (crockery, cutlery, glassware, rubbish bins, storage, mechanical utensils and home devices e.g. scales), lamps and lampshades, textiles and soft furnishings (bathroom textiles, beddings, cushions, futons, hammocks, mattresses, table linen, furniture covers, doormats), and window dressings (blinds, curtain poles, rails, curtains, hooks). All market data and forecasts are represented as a consumer expenditure in retailers which includes sales taxes (e.g. VAT) and figures presented are in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Singaporean home & garden product retail market had total revenues of $2.2 billion in 2021, representing a compound annual growth rate (CAGR) of 2.8% between 2017 and 2021.
- Home Improvement and Gardening Supplies Specialists account for the largest proportion of sales in the Singaporean home & garden product retail market in 2021, sales through this channel generated $1.2 billion, equivalent to 55.1% of the market's overall value.
- The COVID-19 pandemic has had an adverse impact on Singapore’s retail sector, and the home and garden products segment has been no exception. In 2021, the growth in the market, is attributed to the opening of pent-up demand, increased construction demand, and completion of extended home improvement projects timeline due to restrictions in previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the home & garden product retail market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the home & garden product retail market in Singapore
- Leading company profiles reveal details of key home & garden product retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore home & garden product retail market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Singapore home & garden product retail market by value in 2021?
- What will be the size of the Singapore home & garden product retail market in 2026?
- What factors are affecting the strength of competition in the Singapore home & garden product retail market?
- How has the market performed over the last five years?
- Who are the top competitors in Singapore's home & garden product retail market?
Content
Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do leading players follow?
7.3. Are there any other notable players within the market?
8 Company Profiles
8.1. Harvey Norman Holdings Ltd
8.2. Inter IKEA Systems BV
8.3. Selffix Pte Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Singapore home & garden product retail market value: $ billion, 2016–21
Table 2: Singapore home & garden product retail market category segmentation: % share, by value, 2016–2021
Table 3: Singapore home & garden product retail market category segmentation: $ billion, 2016-2021
Table 4: Singapore home & garden product retail market geography segmentation: $ billion, 2021
Table 5: Singapore home & garden product retail market distribution: % share, by value, 2021
Table 6: Singapore home & garden product retail market value forecast: $ billion, 2021–26
Table 7: Harvey Norman Holdings Ltd: key facts
Table 8: Harvey Norman Holdings Ltd: Annual Financial Ratios
Table 9: Harvey Norman Holdings Ltd: Key Employees
Table 10: Inter IKEA Systems BV: key facts
Table 11: Inter IKEA Systems BV: Key Employees
Table 12: Selffix Pte Ltd: key facts
Table 13: Selffix Pte Ltd: Key Employees
Table 14: Singapore size of population (million), 2017–21
Table 15: Singapore gdp (constant 2005 prices, $ billion), 2017–21
Table 16: Singapore gdp (current prices, $ billion), 2017–21
Table 17: Singapore inflation, 2017–21
Table 18: Singapore consumer price index (absolute), 2017–21
Table 19: Singapore exchange rate, 2017–21
List of Figures
Figure 1: Singapore home & garden product retail market value: $ billion, 2016–21
Figure 2: Singapore home & garden product retail market category segmentation: $ billion, 2016-2021
Figure 3: Singapore home & garden product retail market geography segmentation: % share, by value, 2021
Figure 4: Singapore home & garden product retail market distribution: % share, by value, 2021
Figure 5: Singapore home & garden product retail market value forecast: $ billion, 2021–26
Figure 6: Forces driving competition in the home & garden product retail market in Singapore, 2021
Figure 7: Drivers of buyer power in the home & garden product retail market in Singapore, 2021
Figure 8: Drivers of supplier power in the home & garden product retail market in Singapore, 2021
Figure 9: Factors influencing the likelihood of new entrants in the home & garden product retail market in Singapore, 2021
Figure 10: Factors influencing the threat of substitutes in the home & garden product retail market in Singapore, 2021
Figure 11: Drivers of degree of rivalry in the home & garden product retail market in Singapore, 2021
Summary
Home & Garden Product Retail in Singapore industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The home & garden products market consists of gardening and outdoor living products, home improvement products, and homewares. Gardening and outdoor living includes garden buildings, manual and electric garden tools, garden utensils, outdoor living products (garden furniture, barbecues, ornaments), and plants and growing media (bulbs, compost, domestic fertilizer, flowering plants, seeds, shrubs and trees). Home improvement includes retail (not trade) sales of decorating materials (paint, varnish, wall tiles, wallpaper), Electricals hardware (alarms, light fittings, plugs, switches), hardware (brackets, locks, nails, bolts, nuts, etc.), other materials (adhesive, aggregates, boards, cement, doors, window frames, glass, bricks, timber, etc.), and manual and power tools. Homewares includes retail sales of home hardware (crockery, cutlery, glassware, rubbish bins, storage, mechanical utensils and home devices e.g. scales), lamps and lampshades, textiles and soft furnishings (bathroom textiles, beddings, cushions, futons, hammocks, mattresses, table linen, furniture covers, doormats), and window dressings (blinds, curtain poles, rails, curtains, hooks). All market data and forecasts are represented as a consumer expenditure in retailers which includes sales taxes (e.g. VAT) and figures presented are in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The Singaporean home & garden product retail market had total revenues of $2.2 billion in 2021, representing a compound annual growth rate (CAGR) of 2.8% between 2017 and 2021.
- Home Improvement and Gardening Supplies Specialists account for the largest proportion of sales in the Singaporean home & garden product retail market in 2021, sales through this channel generated $1.2 billion, equivalent to 55.1% of the market's overall value.
- The COVID-19 pandemic has had an adverse impact on Singapore’s retail sector, and the home and garden products segment has been no exception. In 2021, the growth in the market, is attributed to the opening of pent-up demand, increased construction demand, and completion of extended home improvement projects timeline due to restrictions in previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the home & garden product retail market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the home & garden product retail market in Singapore
- Leading company profiles reveal details of key home & garden product retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore home & garden product retail market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Singapore home & garden product retail market by value in 2021?
- What will be the size of the Singapore home & garden product retail market in 2026?
- What factors are affecting the strength of competition in the Singapore home & garden product retail market?
- How has the market performed over the last five years?
- Who are the top competitors in Singapore's home & garden product retail market?
Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive Landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
4.3. Market distribution
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do leading players follow?
7.3. Are there any other notable players within the market?
8 Company Profiles
8.1. Harvey Norman Holdings Ltd
8.2. Inter IKEA Systems BV
8.3. Selffix Pte Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Singapore home & garden product retail market value: $ billion, 2016–21
Table 2: Singapore home & garden product retail market category segmentation: % share, by value, 2016–2021
Table 3: Singapore home & garden product retail market category segmentation: $ billion, 2016-2021
Table 4: Singapore home & garden product retail market geography segmentation: $ billion, 2021
Table 5: Singapore home & garden product retail market distribution: % share, by value, 2021
Table 6: Singapore home & garden product retail market value forecast: $ billion, 2021–26
Table 7: Harvey Norman Holdings Ltd: key facts
Table 8: Harvey Norman Holdings Ltd: Annual Financial Ratios
Table 9: Harvey Norman Holdings Ltd: Key Employees
Table 10: Inter IKEA Systems BV: key facts
Table 11: Inter IKEA Systems BV: Key Employees
Table 12: Selffix Pte Ltd: key facts
Table 13: Selffix Pte Ltd: Key Employees
Table 14: Singapore size of population (million), 2017–21
Table 15: Singapore gdp (constant 2005 prices, $ billion), 2017–21
Table 16: Singapore gdp (current prices, $ billion), 2017–21
Table 17: Singapore inflation, 2017–21
Table 18: Singapore consumer price index (absolute), 2017–21
Table 19: Singapore exchange rate, 2017–21
List of Figures
Figure 1: Singapore home & garden product retail market value: $ billion, 2016–21
Figure 2: Singapore home & garden product retail market category segmentation: $ billion, 2016-2021
Figure 3: Singapore home & garden product retail market geography segmentation: % share, by value, 2021
Figure 4: Singapore home & garden product retail market distribution: % share, by value, 2021
Figure 5: Singapore home & garden product retail market value forecast: $ billion, 2021–26
Figure 6: Forces driving competition in the home & garden product retail market in Singapore, 2021
Figure 7: Drivers of buyer power in the home & garden product retail market in Singapore, 2021
Figure 8: Drivers of supplier power in the home & garden product retail market in Singapore, 2021
Figure 9: Factors influencing the likelihood of new entrants in the home & garden product retail market in Singapore, 2021
Figure 10: Factors influencing the threat of substitutes in the home & garden product retail market in Singapore, 2021
Figure 11: Drivers of degree of rivalry in the home & garden product retail market in Singapore, 2021
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