New Cars in Singapore - Market Summary, Competitive Analysis and Forecast to 2026
Summary
New Cars in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country.
- The Singaporean new cars market is forecast to generate total revenues of $9.5bn in 2021, representing a compound annual rate of change (CARC) of -3.5% between 2017 and 2021.
- Market consumption volume is forecast to decline with a CARC of -4.2% between 2017 and 2021, to reach a total of 79.9 thousand units in 2021.
- In 2018 and 2019, reduced government quotas for new vehicle registrations led to declines in the market.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Singapore
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore new cars market with five year forecasts
- What was the size of the Singapore new cars market by value in 2021?
- What will be the size of the Singapore new cars market in 2026?
- What factors are affecting the strength of competition in the Singapore new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's new cars market?
Companies Mentioned
Honda Motor Co., Ltd.
Toyota Motor Corporation
Bayerische Motoren Werke AG
Daimler AG
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market share
- 1.7. Market rivalry
- 1.8. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. How are strategic alliances used by the leading companies?
- 7.4. How is new technology opening up competition?
- 7.5. How are leading players progressing in the hybrid and electric cars segment?
- 7.6. What impact is the COVID-19 pandemic having on leading players?
- 8 Company Profiles
- 8.1. Honda Motor Co., Ltd.
- 8.2. Toyota Motor Corporation
- 8.3. Bayerische Motoren Werke AG
- 8.4. Daimler AG
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Singapore new cars market value: $ billion, 2017-21(e)
- Table 2: Singapore new cars market volume: thousand units, 2017-21(e)
- Table 3: Singapore new cars market geography segmentation: $ billion, 2021(e)
- Table 4: Singapore new cars market value forecast: $ billion, 2021-26
- Table 5: Singapore new cars market volume forecast: thousand units, 2021-26
- Table 6: Singapore new cars market share: % share, by volume, 2021(e)
- Table 7: Honda Motor Co., Ltd.: key facts
- Table 8: Honda Motor Co., Ltd.: Annual Financial Ratios
- Table 9: Honda Motor Co., Ltd.: Key Employees
- Table 10: Honda Motor Co., Ltd.: Key Employees Continued
- Table 11: Honda Motor Co., Ltd.: Key Employees Continued
- Table 12: Toyota Motor Corporation: key facts
- Table 13: Toyota Motor Corporation: Annual Financial Ratios
- Table 14: Toyota Motor Corporation: Key Employees
- Table 15: Toyota Motor Corporation: Key Employees Continued
- Table 16: Bayerische Motoren Werke AG: key facts
- Table 17: Bayerische Motoren Werke AG: Annual Financial Ratios
- Table 18: Bayerische Motoren Werke AG: Key Employees
- Table 19: Bayerische Motoren Werke AG: Key Employees Continued
- Table 20: Daimler AG: key facts
- Table 21: Daimler AG: Annual Financial Ratios
- Table 22: Daimler AG: Key Employees
- Table 23: Daimler AG: Key Employees Continued
- Table 24: Singapore size of population (million), 2017-21
- Table 25: Singapore gdp (constant 2005 prices, $ billion), 2017-21
- Table 26: Singapore gdp (current prices, $ billion), 2017-21
- Table 27: Singapore inflation, 2017-21
- Table 28: Singapore consumer price index (absolute), 2017-21
- Table 29: Singapore exchange rate, 2016-20
- List of Figures
- Figure 1: Singapore new cars market value: $ billion, 2017-21(e)
- Figure 2: Singapore new cars market volume: thousand units, 2017-21(e)
- Figure 3: Singapore new cars market geography segmentation: % share, by value, 2021(e)
- Figure 4: Singapore new cars market value forecast: $ billion, 2021-26
- Figure 5: Singapore new cars market volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the new cars market in Singapore, 2021
- Figure 7: Drivers of buyer power in the new cars market in Singapore, 2021
- Figure 8: Drivers of supplier power in the new cars market in Singapore, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Singapore, 2021
- Figure 10: Factors influencing the threat of substitutes in the new cars market in Singapore, 2021
- Figure 11: Drivers of degree of rivalry in the new cars market in Singapore, 2021
- Figure 12: Singapore new cars market share: % share, by volume, 2021(e)
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