Automotive Market in Singapore 2023-2027

Automotive Market in Singapore 2023-2027

Technavio has been monitoring the automotive market in Singapore and is forecast to grow by 18191 actual units during 2022-2027, accelerating at a CAGR of 6.03% during the forecast period. Our report on the automotive market in Singapore provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for fuel-efficient and low-emission vehicles, rising penetration of downsized engines in LCVs, and emerging online marketplaces for vehicles.

Technavio's automotive market in Singapore is segmented as below:

By Propulsion

  • IC engine-based vehicles
  • Electric vehicles
By Vehicle Type
  • Passenger cars
  • Commercial vehicles
By Type
  • Hatchback
  • Sedan
  • SUV
  • MPV
This study identifies the technological advances in EVs as one of the prime reasons driving the automotive market growth during the next few years. Also, electric LCVs used for facilitating last-mile connectivity and the increasing popularity of semi-autonomous vehicles will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the automotive market in Singapore covers the following areas:
  • Automotive market sizing
  • Automotive market forecast
  • Automotive market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive market vendors that include Aston Martin Lagonda Ltd., Bayerische Motoren Werke AG, Daimler AG, Ferrari spa, Honda Motor Co. Ltd., Isuzu Motors Ltd., Mazda Motor Corp., Mitsubishi Electric Corp., Porsche Automobil Holding SE, Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Suzuki Motor Corp., Tata Sons Pvt. Ltd., TC Changan Singapore Pte Ltd, Tesla Inc., Toyota Motor Corp., AB Volvo, General Motors Co., and Hyundai Motor Co. Also, the automotive market in Singapore analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Country Market Characteristics
      • Table Executive Summary – Chart on Market Segmentation by Propulsion
      • Table Executive Summary – Chart on Market Segmentation by Vehicle Type
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Singapore - Market size and forecast 2022-2027 (actual units)
      • Table Data Table on Singapore - Market size and forecast 2022-2027 (actual units)
      • Table Chart on Singapore: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Singapore: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Automotive market in Singapore 2017 - 2021
      • Table Historic Market Size – Data table on automotive market in Singapore 2017 - 2021 (actual units)
    • Propulsion Segment Analysis 2017 - 2021
      • Table Historic Market Size – Propulsion Segment 2017 - 2021 (actual units)
    • Vehicle type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Vehicle type Segment 2017 - 2021 (actual units)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Type Segment 2017 - 2021 (actual units)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Propulsion
    • Market segments
      • Table Chart on Propulsion - Market share 2022-2027 (%)
      • Table Data Table on Propulsion - Market share 2022-2027 (%)
    • Comparison by Propulsion
      • Table Chart on Comparison by Propulsion
      • Table Data Table on Comparison by Propulsion
    • IC engine-based vehicles - Market size and forecast 2022-2027
      • Table Chart on IC engine-based vehicles- Market size and forecast 2022-2027 (actual units)
      • Table Data Table on IC engine-based vehicles- Market size and forecast 2022-2027 (actual units)
      • Table Chart on IC engine-based vehicles- Year-over-year growth 2022-2027 (%)
      • Table Data Table on IC engine-based vehicles- Year-over-year growth 2022-2027 (%)
    • Electric vehicles - Market size and forecast 2022-2027
      • Table Chart on Electric vehicles- Market size and forecast 2022-2027 (actual units)
      • Table Data Table on Electric vehicles- Market size and forecast 2022-2027 (actual units)
      • Table Chart on Electric vehicles- Year-over-year growth 2022-2027 (%)
      • Table Data Table on Electric vehicles- Year-over-year growth 2022-2027 (%)
    • Market opportunity by Propulsion
      • Table Market opportunity by Propulsion (actual units)
      • Table Data Table on Market opportunity by Propulsion (actual units)
  • Market Segmentation by Vehicle Type
    • Market segments
      • Table Chart on Vehicle Type - Market share 2022-2027 (%)
      • Table Data Table on Vehicle Type - Market share 2022-2027 (%)
    • Comparison by Vehicle Type
      • Table Chart on Comparison by Vehicle Type
      • Table Data Table on Comparison by Vehicle Type
    • Passenger cars - Market size and forecast 2022-2027
      • Table Chart on Passenger cars- Market size and forecast 2022-2027 (actual units)
      • Table Data Table on Passenger cars- Market size and forecast 2022-2027 (actual units)
      • Table Chart on Passenger cars- Year-over-year growth 2022-2027 (%)
      • Table Data Table on Passenger cars- Year-over-year growth 2022-2027 (%)
    • Commercial vehicles - Market size and forecast 2022- 2027
      • Table Chart on Commercial vehicles- Market size and forecast 2022-2027 (actual units)
      • Table Data Table on Commercial vehicles- Market size and forecast 2022-2027 (actual units)
      • Table Chart on Commercial vehicles- Year-over-year growth 2022-2027 (%)
      • Table Data Table on Commercial vehicles- Year-over-year growth 2022-2027 (%)
    • Market opportunity by Vehicle Type
      • Table Market opportunity by Vehicle Type (actual units)
      • Table Data Table on Market opportunity by Vehicle Type (actual units)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Hatchback - Market size and forecast 2022-2027
      • Table Chart on Hatchback- Market size and forecast 2022-2027 (actual units)
      • Table Data Table on Hatchback- Market size and forecast 2022-2027 (actual units)
      • Table Chart on Hatchback- Year-over-year growth 2022-2027 (%)
      • Table Data Table on Hatchback- Year-over-year growth 2022-2027 (%)
    • Sedan - Market size and forecast 2022-2027
      • Table Chart on Sedan- Market size and forecast 2022-2027 (actual units)
      • Table Data Table on Sedan- Market size and forecast 2022-2027 (actual units)
      • Table Chart on Sedan- Year-over-year growth 2022-2027 (%)
      • Table Data Table on Sedan- Year-over-year growth 2022-2027 (%)
    • SUV - Market size and forecast 2022-2027
      • Table Chart on SUV- Market size and forecast 2022-2027 (actual units)
      • Table Data Table on SUV- Market size and forecast 2022-2027 (actual units)
      • Table Chart on SUV- Year-over-year growth 2022-2027 (%)
      • Table Data Table on SUV- Year-over-year growth 2022-2027 (%)
    • MPV - Market size and forecast 2022-2027
      • Table Chart on MPV- Market size and forecast 2022-2027 (actual units)
      • Table Data Table on MPV- Market size and forecast 2022-2027 (actual units)
      • Table Chart on MPV- Year-over-year growth 2022-2027 (%)
      • Table Data Table on MPV- Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type (actual units)
      • Table Data Table on Market opportunity by Type (actual units)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing demand for fuel-efficient and low-emission vehicles
      • Rising penetration of downsized engines in LCVs
      • Emerging online marketplaces for vehicles
    • Market challenges
      • Insufficient charging infrastructure
      • Stringent emissions regulations
      • Concerns related to cybersecurity
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Technological advances in EVs
      • Electric LCVs used for facilitating last-mile connectivity
      • Increasing popularity of semi-autonomous vehicles
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • AB Volvo
      • Table AB Volvo - Overview
      • Table AB Volvo - Business segments
      • Table AB Volvo - Key news
      • Table AB Volvo - Key offerings
      • Table AB Volvo - Segment focus
    • Aston Martin Lagonda Ltd.
      • Table Aston Martin Lagonda Ltd. - Overview
      • Table Aston Martin Lagonda Ltd. - Product / Service
      • Table Aston Martin Lagonda Ltd. - Key offerings
    • Bayerische Motoren Werke AG
      • Table Bayerische Motoren Werke AG - Overview
      • Table Bayerische Motoren Werke AG - Business segments
      • Table Bayerische Motoren Werke AG - Key news
      • Table Bayerische Motoren Werke AG - Key offerings
      • Table Bayerische Motoren Werke AG - Segment focus
    • Daimler AG
      • Table Daimler AG - Overview
      • Table Daimler AG - Business segments
      • Table Daimler AG - Key news
      • Table Daimler AG - Key offerings
      • Table Daimler AG - Segment focus
    • Ferrari spa
      • Table Ferrari spa - Overview
      • Table Ferrari spa - Business segments
      • Table Ferrari spa - Key offerings
      • Table Ferrari spa - Segment focus
    • General Motors Co.
      • Table General Motors Co. - Overview
      • Table General Motors Co. - Business segments
      • Table General Motors Co. - Key news
      • Table General Motors Co. - Key offerings
      • Table General Motors Co. - Segment focus
    • Honda Motor Co. Ltd.
      • Table Honda Motor Co. Ltd. - Overview
      • Table Honda Motor Co. Ltd. - Business segments
      • Table Honda Motor Co. Ltd. - Key news
      • Table Honda Motor Co. Ltd. - Key offerings
      • Table Honda Motor Co. Ltd. - Segment focus
    • Hyundai Motor Co.
      • Table Hyundai Motor Co. - Overview
      • Table Hyundai Motor Co. - Business segments
      • Table Hyundai Motor Co. - Key news
      • Table Hyundai Motor Co. - Key offerings
      • Table Hyundai Motor Co. - Segment focus
    • Mazda Motor Corp.
      • Table Mazda Motor Corp. - Overview
      • Table Mazda Motor Corp. - Business segments
      • Table Mazda Motor Corp. - Key offerings
      • Table Mazda Motor Corp. - Segment focus
    • Mitsubishi Electric Corp.
      • Table Mitsubishi Electric Corp. - Overview
      • Table Mitsubishi Electric Corp. - Business segments
      • Table Mitsubishi Electric Corp. - Key news
      • Table Mitsubishi Electric Corp. - Key offerings
      • Table Mitsubishi Electric Corp. - Segment focus
    • Porsche Automobil Holding SE
      • Table Porsche Automobil Holding SE - Overview
      • Table Porsche Automobil Holding SE - Business segments
      • Table Porsche Automobil Holding SE - Key offerings
      • Table Porsche Automobil Holding SE - Segment focus
    • Renault SAS
      • Table Renault SAS - Overview
      • Table Renault SAS - Product / Service
      • Table Renault SAS - Key offerings
    • Tata Sons Pvt. Ltd.
      • Table Tata Sons Pvt. Ltd. - Overview
      • Table Tata Sons Pvt. Ltd. - Business segments
      • Table Tata Sons Pvt. Ltd. - Key offerings
      • Table Tata Sons Pvt. Ltd. - Segment focus
    • Tesla Inc.
      • Table Tesla Inc. - Overview
      • Table Tesla Inc. - Business segments
      • Table Tesla Inc. - Key news
      • Table Tesla Inc. - Key offerings
      • Table Tesla Inc. - Segment focus
    • Toyota Motor Corp.
      • Table Toyota Motor Corp. - Overview
      • Table Toyota Motor Corp. - Business segments
      • Table Toyota Motor Corp. - Key offerings
      • Table Toyota Motor Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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