2021 SIngapore Furniture industry Roadmap Press Release
The outlook for the global furniture industry is promising, with a projected CAGR of close to 5% over the next three years1. The growth will be driven by the
burgeoning Asian middle class as Asian economies will account for 50% of global GDP growth by 2025. With Singapore's stature as a UNESCO Creative City of Design and its international cosmopolitan urban landscape, the local furniture industry is uniquely positioned to capture the growing demand for urban living solutions, especially in Asia. This requires moving into lifestyle, creating compelling customer-centric brands and solutions, and inclusive collaborations within and beyond the industry.
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