Summary
Apparel Retail in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Childrenswear includes all clothing designed for children between the ages of 0-15, such as baby clothing, boys’ casualwear, boys’ school wear, boys’ underwear (vests, underpants, socks) and nightwear, boys’ formalwear-occasion, boys’ outerwear including regional or national attire, girls’ casualwear, girls’ school wear, girls’ underwear (knickers, bras, vests, socks, and tights) and nightwear, girls’ formalwear-occasion, girls’ outerwear including regional and national attire, such as saris, and toddler clothing. It also includes all sportswear and fancy dress.
- The Singaporean apparel retail industry had total revenues of $3.1 billion in 2022, representing a compound annual growth rate (CAGR) of 2.1% between 2017 and 2022.
- The womenswear segment accounted for the industry's largest proportion in 2022, with total revenues of $1.7 billion, equivalent to 55.9% of the industry's overall value.
- Factors such as reducing unemployment and rising disposable income are strengthening consumers’ purchasing power, leading to an increase in spending on non-essential items such as new fashion. According to the Singapore Department of Statistics, in Q2 2023, the personal disposable income in Singapore witnessed an annual growth of 9.7%.
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 by both value and volume
Reasons to Buy
- What was the size of the Singapore apparel retail market by value in 2022?
- What will be the size of the Singapore apparel retail market in 2027?
- 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?
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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. What are the most recent market developments?
8 Company Profiles
8.1. Fast Retailing Co Ltd
8.2. Takashimaya Co Ltd
8.3. F J Benjamin Holdings Ltd
8.4. Isetan (Singapore) 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 apparel retail industry value: $ million, 2017–22
Table 2: Singapore apparel retail industry category segmentation: % share, by value, 2017–2022
Table 3: Singapore apparel retail industry category segmentation: $ million, 2017-2022
Table 4: Singapore apparel retail industry geography segmentation: $ million, 2022
Table 5: Singapore apparel retail industry distribution: % share, by value, 2022
Table 6: Singapore apparel retail industry value forecast: $ million, 2022–27
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: F J Benjamin Holdings Ltd: key facts
Table 16: F J Benjamin Holdings Ltd: Annual Financial Ratios
Table 17: F J Benjamin Holdings Ltd: Key Employees
Table 18: Isetan (Singapore) Ltd: key facts
Table 19: Isetan (Singapore) Ltd: Annual Financial Ratios
Table 20: Isetan (Singapore) Ltd: Key Employees
Table 21: Singapore size of population (million), 2018–22
Table 22: Singapore gdp (constant 2005 prices, $ billion), 2018–22
Table 23: Singapore gdp (current prices, $ billion), 2018–22
Table 24: Singapore inflation, 2018–22
Table 25: Singapore consumer price index (absolute), 2018–22
Table 26: Singapore exchange rate, 2018–22
List of Figures
Figure 1: Singapore apparel retail industry value: $ million, 2017–22
Figure 2: Singapore apparel retail industry category segmentation: $ million, 2017-2022
Figure 3: Singapore apparel retail industry geography segmentation: % share, by value, 2022
Figure 4: Singapore apparel retail industry distribution: % share, by value, 2022
Figure 5: Singapore apparel retail industry value forecast: $ million, 2022–27
Figure 6: Forces driving competition in the apparel retail industry in Singapore, 2022
Figure 7: Drivers of buyer power in the apparel retail industry in Singapore, 2022
Figure 8: Drivers of supplier power in the apparel retail industry in Singapore, 2022
Figure 9: Factors influencing the likelihood of new entrants in the apparel retail industry in Singapore, 2022
Figure 10: Factors influencing the threat of substitutes in the apparel retail industry in Singapore, 2022
Figure 11: Drivers of degree of rivalry in the apparel retail industry in Singapore, 2022
