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In 2024, the Singaporean power tool market decreased by -48.8% to $16M, falling for the third consecutive year after three years of growth. In general, consumption continues to indicate a perceptible descent. As a result, consumption attained the peak level of $86M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.
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The Singapore Foodservice Market is segmented by Foodservice Type (Cafes & Bars, Cloud Kitchen, Full Service Restaurants, Quick Service Restaurants), by Outlet (Chained Outlets, Independent Outlets) and by Location (Leisure, Lodging, Retail, Standalone, Travel). Market Value in USD is presented. Key data points observed include the number of outlets for each foodservice channel; and, average order value in USD by foodservice channel.
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The Singaporean berry market shrank to $92M in 2024, dropping by -12.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant expansion from 2012 to 2024: its value increased at an average annual rate of +5.7% over the last twelve-year period.
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For the third year in a row, the Singaporean industrial robot market recorded growth in sales value, which increased by 9.4% to $340M in 2024. Over the period under review, consumption, however, showed a pronounced setback. Industrial robot consumption peaked at $499M in 2013; however, from 2014 to 2024, consumption stood at a somewhat lower figure.
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The Singaporean Data Center Power Market Report is Segmented by Power Infrastructure (Electrical Solution (UPS Systems, Generators, and Power Distribution Solutions (PDU, Switchgear, Critical Power Distribution, Transfer Switches, Remote Power Panels, and Others)) and Service) and End User (IT and Telecommunication, BFSI, Government, Media and Entertainment, and Other End Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD Million) for all the Above Segments.
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In 2024, the Singaporean data processing server market increased by 14% to $6.5B, rising for the second consecutive year after two years of decline. In general, consumption posted a buoyant expansion. Over the period under review, the market hit record highs at $7.8B in 2020; however, from 2021 to 2024, consumption remained at a lower figure.
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After two years of growth, the Singaporean data storage device market decreased by -88.2% to $77M in 2023. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $653M in 2022, and then dropped significantly in the following year.
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The Singapore e-commerce market size is projected to exhibit a growth rate (CAGR) of 13.02% during 2025-2033. High internet penetration, rising tech-savvy population, significant advanced logistics infrastructure, increasing smartphone usage, favorable government policies, and a growing preference for online shopping are some of the major factors propelling the growth of the market.
Report Attribute
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Key Statistics
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Base Year
| 2024 |
Forecast Years
| 2025-2033 |
Historical Years
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2019-2024
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Market Growth Rate (2025-2033) | 13.02% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on type and transaction.
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The size of the Singapore Food Service Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.11% during the forecast period. The Singaporean food service industry includes a range of dining options such as cafes, bars, cloud kitchens, full-service restaurants, and quick-service restaurants, all of which cater to the diverse tastes of Singaporean diners. The market is fueled by the nation's quick way of living, substantial disposable incomes, and a robust culture of eating out. Important developments include the increase of ghost kitchens and delivery options, showcasing the increasing need for convenience. The market is divided based on type (chained and independent outlets) and location (leisure, lodging, retail, standalone, travel). Recent advancements are showcasing substantial spending in digital transformation, like the utilization of ordering kiosks and robots in kitchens to improve productivity and customer satisfaction.In general, the Singapore Food Service Market is set to experience significant growth, fueled by changing consumer tastes and advancements in technology. Recent developments include: May 2023: Starbucks inaugurated the latest rustic finish store in Bird Paradise, and the structure of the store is designed like a wooden hut.April 2023: Starbucks introduced a range of limited-edition food and beverages, which include summer special drinks, treats, and sweets.April 2023: Taster Food Pte Ltd introduced new Kit Kat Chocolate Lava buns, available in all stores in Singapore.. Key drivers for this market are: The Rising Awareness of the Health Benefits Associated with Collagen Consumption, Rising Sport and Fitness Trends Drives the Market Growth. Potential restraints include: Concerns over the Source and Animal Welfare in Collagen Extraction Limit the Market Growth. Notable trends are: Quick service restaurants accounted for the major share of the market attributed to the increased preference for fast-food among consumers.
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The Travel Retail Industry in Singapore is Segmented by Product Type (Beauty and Personal Care, Wines and Spirits, Tobacco, Edibles, Fashion Accessories, Hard Luxury, and Other Types) and by Distribution Channel (airports, Airlines, Ferries, and Other Distribution Channels). The Report Offers Market Size and Forecasts for the Singapore Travel Retail Market in Terms of Value (USD) for all the Above Segments.
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The size of the Singapore Data Center Construction market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.04% during the forecast period. This also puts the country in a position to become a regional hub for tech. Major global tech companies will come and establish their data centers here, so the market will be driven further. Market for Singapore Data Center Construction Market remains highly competitive; however, some of the major players such as AECOM, NTT Ltd., Fortis Construction, IBM Corporation, and Schneider Electric SE hold an important position in the market. The companies involved offer end-to-end solutions, from design to building and integration of sophisticated IT and cooling systems, to ensure efficient and sustainable data center operations. The influence of artificial intelligence, Internet of Things, and 5G technology will ensure that the data center market continues to keep on the growth trajectory. In parallel, the governing measures that are pushing the digitalization front and attracting investments in data centers also contribute toward advancing the market. The Singapore data center construction market is expected to grow at a high rate in the coming years and, therefore, this is considered as an attractive market for investors and service providers. Recent developments include: November 2022: AirTrunk completed the final phase of SGP1 data center expanding the total capacity of the data center to more than 78 MW., September 2022: Equinix, Inc. announced a partnership with the Centre for Energy Research & Technology (CERT) under the National University of Singapore's (NUS) College of Design and Engineering to explore technologies that enable the use of hydrogen as a green fuel source for mission-critical data center infrastructure.. Key drivers for this market are: Increased Migration to Cloud-based Business Operations, Rise of Green Data Centers; Government Support in the Form of Tax Incentives for Development of Data Centers. Potential restraints include: Higher Initial Investments and Low Availability of Resources. Notable trends are: Tier 3 is the Largest Tier Type.
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The Singapore construction market size is projected to exhibit a growth rate (CAGR) of 4.18% during ​2025-2033​. The rising government infrastructure projects, growing urban redevelopment, sustainable building initiatives, increasing foreign investment, significant technological advancements, and growing focus on smart city development are some of the major factors propelling the growth of the market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
| 2025-2033 |
Historical Years
|
2019-2024
|
Market Growth Rate (2025-2033) | 4.18% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on sector.
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In 2024, after three years of growth, there was significant decline in the Singaporean sunglasses market, when its value decreased by -9.6% to $57M. In general, consumption, however, showed a relatively flat trend pattern. Sunglasses consumption peaked at $63M in 2023, and then contracted in the following year.
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The size of the Singapore Lubricants Market was valued at USD 206 Million in 2023 and is projected to reach USD 367 Million by 2032, with an expected CAGR of 3.00">> 3.00% during the forecast period. The Singapore lubricants market is a dynamic sector characterized by a robust growth trajectory. It encompasses a diverse range of lubricants including automotive, industrial, and marine applications. Key features include high-performance formulations and advanced additives enhancing efficiency and longevity. The market is segmented by type (mineral, synthetic, and bio-based) and technology (traditional, semi-synthetic, and fully synthetic). The integration of cutting-edge technologies and stringent regulatory standards drive innovation and quality. Economic growth and industrial expansion in Singapore positively impact market demand. Advantages include improved machinery performance and reduced environmental impact through eco-friendly products. This market's evolution reflects broader trends towards sustainability and technological advancement in lubricant solutions. Recent developments include: June 2022: ExxonMobil plans to upgrade its residual production into higher-value lubricant base stocks and cleaner fuels as part of its Singapore Resid Upgrade Project. The oil major is expected to add about 20,000 barrels per day of light, heavy, and extra-heavy lubricant base stocks when it completes upgrades at its Singapore integrated refining and petrochemical complex in 2025., March 2022: Motul expanded its presence all around the globe. The company launched a new, state-of-the-art Motul regional warehouse in Singapore, the Motul Asia Hub. The 700,000 sq ft facility support and enhances Motul's supply chain across the Asia-Pacific region by consolidating warehousing and inventory operations.. Key drivers for this market are: Increasing Demand for New Automotive Vehicles, Active Ship Building and Repair Industry. Potential restraints include: Growing Adoption of Electric Vehicles, Other Restraints. Notable trends are: Increasing Demand for Automotive Sector.
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The Singapore Online Grocery Market size is estimated to grow at a CAGR of around 8.98% during the forecast period 2024-30. Lazada Group, Fair Price Online, Shopee, Cold Storage Online, Others are the top companies in the Singapore Online Grocery Market.
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Singapore ICT Market report is segmented by type (hardware, software, IT services, and telecommunication services), size of enterprise (small and medium enterprises and large enterprises), and industry vertical (BFSI, IT and telecom, government, retail and e-commerce, manufacturing, and energy and utilities). The market sizes and forecasts are provided in terms of value in USD for all the above segments.
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The Singapore Dropshipping Market valued at USD 6.12 Billion in 2024, set to reach USD 19.43 Billion by 2030, growing at an 18.98% CAGR (2025-2030). Discover growth insights here
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The Singaporean soap and detergent market soared to $X in 2022, surging by X% against the previous year. Overall, consumption, however, continues to indicate a perceptible reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
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The Singapore Data Center Market is segmented by Hotspot (East Singapore, West Singapore), by Data Center Size (Large, Massive, Medium, Mega, Small), by Tier Type (Tier 1 and 2, Tier 3, Tier 4) and by Absorption (Non-Utilized, Utilized). Market Volume in Megawatt (MW) is presented. Key Data Points observed include IT load capacity for existing and upcoming data centers, current and upcoming hotspots, average mobile data consumption, volume of fiber cable connectivity in KM, existing and upcoming submarine cables, rack space utilization, and number of data centers by tier.
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The Singaporean plastic support market reduced slightly to $165M in 2024, which is down by -3.3% against the previous year. Over the period under review, consumption saw a strong expansion. Over the period under review, the market attained the maximum level at $179M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.
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In 2024, the Singaporean power tool market decreased by -48.8% to $16M, falling for the third consecutive year after three years of growth. In general, consumption continues to indicate a perceptible descent. As a result, consumption attained the peak level of $86M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.