Singapore has a resourceful strong furniture industry, with an estimated S$ 6.25 billion contribution to the country’s economy.
With shrinking living spaces and escalating house prices, it is no surprise that special design elements that save space such as foldable or extendable tables, modular storage, collapsible seats, multifunctional furniture such as sofa beds, and beds with built-in storage are increasingly popular.
As Singapore becomes more densely populated and developed, public spaces are becoming very popular, creating opportunities for companies specialising in outdoor furniture.
The tourism industry is booming, providing opportunities for the furniture and homeware sector.
European companies can also take advantage of the booming on-line channel in Singapore.
EU Gateway | Business Avenues is an EU funded programme that helps European companies establish long-lasting business relationships in Asia. Selected companies participate in a one week business mission, where they benefit from pre-arranged meetings with potential business partners, and the opportunity to showcase their products and technologies during a two-day exhibition. Before the business mission takes place, companies receive market intelligence, advice on approaching the market, and business coaching.