Singapore Leads as Asia’s Design Gateway
Singapore, 16 Dec 2014 – The world urban population has climbed steadily over the last three decades, propelling the need for more housing and infrastructure, as well as the demand for related furniture, furnishings, and fit-outs to match increasingly sophisticated modern lifestyles. The International Furniture Fair Singapore 2015/32nd ASEAN Furniture Show (IFFS/AFS 2015), The Décor Show, and Hospitality 360° that will be held in Singapore EXPO from 13 – 16 March 2015, has emerged as the region’s leading event for trade professionals of furniture, interior design, and hospitality industries all over the world to source for the latest products.
According to CSIL Centre for Industrial Studies[1], the apparent furniture consumption worldwide at production prices (excluding retail mark-ups) was worth US$436 billion in 2013, which corresponds to a 4% growth from the year before. In a more recent study[2], CSIL also predicts that world consumption for furniture will grow by 3.4% in real terms in 2015, where Asia continues to see fast expansion. It is against this backdrop that furniture manufacturers continue flocking into the region to uncover potential opportunities.