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Singapore Apparel Retail Market Summary, Competitive Analysis and Forecast, 2017-2026

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    Report

  • 43 Pages
  • November 2022
  • Region: Singapore
  • MarketLine
  • ID: 5717460
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Apparel Retail in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 apparel retail market includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing. 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 apparel retail industry had total revenues of $2.7 billion in 2021, representing a compound annual rate of change (CARC) of -1% between 2017 and 2021.
  • Clothing, footwear, and accessories specialists account for the largest proportion of sales in the Singaporean apparel retail industry in 2021, sales through this channel generated $1.2 billion, equivalent to 43.5% of the industry's overall value.
  • In 2021, due to the vaccination rollout and measures to reopen the economy, many of the restrictions imposed due to COVID-19 were lifted, thereby boosting the economic recovery and driving a resurgence of consumption. The Singaporean industry witnessed strong growth of 28.0% in 2021 as the impact of the coronavirus pandemic subsided.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the apparel retail market in Singapore
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in Singapore
  • Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Singapore apparel retail market with five year forecasts

Reasons to Buy

  • What was the size of the Singapore apparel retail market by value in 2021?
  • What will be the size of the Singapore apparel retail market in 2026?
  • What factors are affecting the strength of competition in the Singapore apparel retail market?
  • How has the market performed over the last five years?
  • How large is Singapore’s apparel retail market in relation to its regional counterparts?

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. What are the strengths of leading players?
7.4. Are there any other players having an effect on the market?

8 Company Profiles
8.1. Fast Retailing Co Ltd
8.2. Takashimaya Co Ltd
8.3. Isetan (Singapore) Ltd

9 Macroeconomic Indicators
9.1. Country data

10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Publisher

List of Tables
Table 1: Singapore apparel retail industry value: $ million, 2016-21
Table 2: Singapore apparel retail industry category segmentation: % share, by value, 2016-2021
Table 3: Singapore apparel retail industry category segmentation: $ million, 2016-2021
Table 4: Singapore apparel retail industry geography segmentation: $ million, 2021
Table 5: Singapore apparel retail industry distribution: % share, by value, 2021
Table 6: Singapore apparel retail industry value forecast: $ million, 2021-26
Table 7: Fast Retailing Co Ltd: key facts
Table 8: Fast Retailing Co Ltd: Annual Financial Ratios
Table 9: Fast Retailing Co Ltd: Key Employees
Table 10: Fast Retailing Co Ltd: Key Employees Continued
Table 11: Fast Retailing Co Ltd: Key Employees Continued
Table 12: Takashimaya Co Ltd: key facts
Table 13: Takashimaya Co Ltd: Annual Financial Ratios
Table 14: Takashimaya Co Ltd: Key Employees
Table 15: Isetan (Singapore) Ltd: key facts
Table 16: Isetan (Singapore) Ltd: Annual Financial Ratios
Table 17: Isetan (Singapore) Ltd: Key Employees
Table 18: Singapore size of population (million), 2017-21
Table 19: Singapore gdp (constant 2005 prices, $ billion), 2017-21
Table 20: Singapore gdp (current prices, $ billion), 2017-21
Table 21: Singapore inflation, 2017-21
Table 22: Singapore consumer price index (absolute), 2017-21
Table 23: Singapore exchange rate, 2017-21

List of Figures
Figure 1: Singapore apparel retail industry value: $ million, 2016-21
Figure 2: Singapore apparel retail industry category segmentation: $ million, 2016-2021
Figure 3: Singapore apparel retail industry geography segmentation: % share, by value, 2021
Figure 4: Singapore apparel retail industry distribution: % share, by value, 2021
Figure 5: Singapore apparel retail industry value forecast: $ million, 2021-26
Figure 6: Forces driving competition in the apparel retail industry in Singapore, 2021
Figure 7: Drivers of buyer power in the apparel retail industry in Singapore, 2021
Figure 8: Drivers of supplier power in the apparel retail industry in Singapore, 2021
Figure 9: Factors influencing the likelihood of new entrants in the apparel retail industry in Singapore, 2021
Figure 10: Factors influencing the threat of substitutes in the apparel retail industry in Singapore, 2021
Figure 11: Drivers of degree of rivalry in the apparel retail industry in Singapore, 2021

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Fast Retailing Co Ltd
  • Takashimaya Co Ltd
  • Isetan (Singapore) Ltd