The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreFeb 2021
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The circuit breaker mandated the closure of all non-essential retail stores throughout Singapore in a bid to stop the spread of COVID-19 spread, this included electronics and appliances stores. Consumer demand for such products has shifted purchases online during that period as there was no alternative.
A recurring theme of COVID-19 has been its impact on the economy, and the unemployment and permanent or temporary reduction in salaries of consumers affected by the pandemic. Consumers are expected to be more cost-conscious in the near to mid-term; the muted economic climate has discouraged consumer spending and consumers are also more likely to cut back on the purchase of discretionary and non-essential bigger ticket items, especially electronics and appliances.
As workplaces increasingly closed in the earlier half of 2020 and employees were encouraged to work from home to minimise the spread of COVID-19, there has been a rise in demand for office electronics to help make the working from home experience significantly more comfortable.
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Overview
Discover the latest market trends and uncover sources of future market growth for the Electronics and Appliance Specialist Retailers industry in Singapore with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Electronics and Appliance Specialist Retailers industry in Singapore, our research will save you time and money while empowering you to make informed, profitable decisions.
The Electronics and Appliance Specialist Retailers in Singapore market research report includes:
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Why buy this report?
This industry report originates from Passport, our Retailing market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.