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Luxury Goods in Singapore

Publisher Euromonitor International
Published Oct 22, 2025
Length 47 Pages
SKU # EP20503475

Description

Retail value sales of luxury goods in Singapore witnessed a significant 9% increase in 2025, reaching approximately SGD13.9 billion. This growth underscores the resilience of the luxury market, particularly in the face of global economic uncertainties and inflationary pressures. Affluent consumers in Singapore, driven by strong consumer confidence and rising wealth accumulation, continued to demonstrate robust demand for both luxury experiences and premium products. The industry's performance wa...

Euromonitor International's Luxury Goods in Singapore report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2029 illustrate how the market is set to change

Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report??
* Get a detailed picture of the Luxury Goods market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Table of Contents

47 Pages
Luxury Goods in Singapore
Euromonitor International
October 2025
List Of Contents And Tables
LUXURY GOODS IN SINGAPORE
EXECUTIVE SUMMARY
Luxury goods in 2025: The big picture
2025 key trends
Competitive landscape
Retail developments
What next for luxury goods?
MARKET DATA
Table 1 Sales of Luxury Goods by Category: Value 2020-2025
Table 2 Sales of Luxury Goods by Category: % Value Growth 2020-2025
Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2020-2025
Table 4 NBO Company Shares of Luxury Goods: % Value 2020-2024
Table 5 LBN Brand Shares of Luxury Goods: % Value 2021-2024
Table 6 Distribution of Luxury Goods by Format and Category: % Value 2025
Table 7 Forecast Sales of Luxury Goods by Category: Value 2025-2030
Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
SOURCES
Summary 1 Research Sources
EXPERIENTIAL LUXURY IN SINGAPORE
KEY DATA FINDINGS
2025 DEVELOPMENTS
Inbound arrivals help drive demand for experiential luxury in Singapore
Luxury hotels enhance offerings with tailored itineraries and lifestyle integration
Luxury hotels drive experiential luxury through bespoke services
PROSPECTS AND OPPORTUNITIES
Experiential luxury to be driven by technological innovation and evolving consumer preferences
Growth to be supported by new openings and health and wellness offers
Luxury hotels to increasingly adopt eco-friendly practices to appeal to travellers
CATEGORY DATA
Table 9 Sales of Experiential Luxury by Category: Value 2020-2025
Table 10 Sales of Experiential Luxury by Category: % Value Growth 2020-2025
Table 11 NBO Company Shares of Experiential Luxury: % Value 2020-2024
Table 12 LBN Brand Shares of Experiential Luxury: % Value 2021-2024
Table 13 Forecast Sales of Experiential Luxury by Category: Value 2025-2030
Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
FINE WINES/CHAMPAGNE AND SPIRITS IN SINGAPORE
KEY DATA FINDINGS
2025 DEVELOPMENTS
Positive performance driven by premiumisation and events to drive up interest
Growing affluent population drives demand for premium experiences
Growing demand for premium drinks drives market expansion online
PROSPECTS AND OPPORTUNITIES
Heritage, status and collectible editions to support forecast period growth
Mindful drinking set to favour quality over quantity
Growing demand for premium drinks to drive off-trade sales growth
CATEGORY DATA
Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2020-2025
Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2020-2025
Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2020-2024
Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2021-2024
Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2020-2025
Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2025-2030
Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
PREMIUM AND LUXURY CARS IN SINGAPORE
KEY DATA FINDINGS
2025 DEVELOPMENTS
Affluent consumers drive demand for sustainable luxury vehicles
Luxury car buyers increasingly favour electric and hybrid models
Consolidated landscape sees premium and luxury car brands continue to invest in electrification
PROSPECTS AND OPPORTUNITIES
Growing demand for electric and hybrid luxury vehicles to be driven by technology and sustainability
Luxury car brands set to innovate with sustainable tech advancements
Luxury car manufacturers to prioritise advanced technology features
CATEGORY DATA
Table 22 Sales of Premium and Luxury Cars: Value 2020-2025
Table 23 Sales of Premium and Luxury Cars: % Value Growth 2020-2025
Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2020-2024
Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2021-2024
Table 26 Forecast Sales of Premium and Luxury Cars: Value 2025-2030
Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER
PERSONAL LUXURY IN SINGAPORE
KEY DATA FINDINGS
2025 DEVELOPMENTS
Designer apparel and footwear (ready-to-wear)
Luxury eyewear
Luxury jewellery
Luxury leather goods
Luxury wearables electronics
Luxury timepieces
Luxury writing instruments and stationery
Super premium beauty and personal care
PROSPECTS AND OPPORTUNITIES
Sustainability to help shape future development of personal luxury
Luxury brands to drive growth through digital innovation
Personal luxury retailers must adopt omnichannel strategies to drive sales
CATEGORY DATA
Table 28 Sales of Personal Luxury by Category: Value 2020-2025
Table 29 Sales of Personal Luxury by Category: % Value Growth 2020-2025
Table 30 NBO Company Shares of Personal Luxury: % Value 2020-2024
Table 31 LBN Brand Shares of Personal Luxury: % Value 2021-2024
Table 32 Distribution of Personal Luxury by Format: % Value 2020-2025
Table 33 Forecast Sales of Personal Luxury by Category: Value 2025-2030
Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2025-2030
COUNTRY REPORTS DISCLAIMER

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