Product Code: ETC022427 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The internal combustion engine (ICE) market in Singapore is expected to witness a strong growth during the forecast period 2020-2026. Growing demand for automobiles, increased urbanization and industrial development are some of the major drivers supporting the growth of this market. Moreover, initiatives taken by governments to encourage use of electric vehicles and increasing environmental concerns would challenge the growth of internal combustion engines in Singapore. The high cost associated with these engines can also hamper its overall demand. However, investments from automotive companies on research & development activities regarding ICEs will create new opportunities for this market in near future.
Growing Automobiles Demand: Increasing population coupled with rising disposable income has resulted into growing automobile sales across Singapore which is subsequently boosting demand for internal combustion engines (ICE). Moreover, attractive offers provided by automobile manufacturers along with introduction of innovative technologies such as hybrid powertrains are further propelling their requirement in local markets over other conventional propulsion systems.Increasing Urbanization & Industrial Development: With increasing urbanization and industrial development across Singapore there have been rise in construction activities comprising both residential and commercial properties which are likely to drive sales volume of automatic powershift transmissions (APTs) over next few years. This would eventually result into increased production rate leading to higher sale volumes thereby providing immense potential for ICEs in upcoming years ahead.
Initiatives Taken By Governments To Promote Electric Vehicles Usage : In order to reduce emissions levels from transportation sector, government policies encouraging usage electric vehicles instead of petrol powered counterparts could affect negative impact on ICEs during forecast period 2020-2026.Moreover, subsidies offered by authorities on purchase electric cars as well as availability charging infrastructure could restrict overall penetration level Internal Combustion Engines (ICEs) throughout country thus restraining itâs value chain revenues.
Major players operating within internal combustion engine space include Cummins Inc., Daimler AG., Ford Motor Co., General Motors Co., Honda Motor Co Ltd., Hyundai Motor Group ETC
The outbreak COVID - 19 has disrupted entire global supply chain due manufacturing closure orders imposed countries worldwide significantly reducing production capacities industries including automotive industry.Furthermore, reduction consumer spending amid pandemic lockdown situation caused decline retail sales across world impacting ICES negatively throughout year 2020 anticipated remain same 2021 too unless measures taken revive economy post pandemic scenarios.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Internal Combustion Engines Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Internal Combustion Engines Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Internal Combustion Engines Market - Industry Life Cycle |
3.4 Singapore Internal Combustion Engines Market - Porter's Five Forces |
3.5 Singapore Internal Combustion Engines Market Revenues & Volume Share, By Fuel, 2020 & 2030F |
3.6 Singapore Internal Combustion Engines Market Revenues & Volume Share, By End-Users, 2020 & 2030F |
4 Singapore Internal Combustion Engines Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Internal Combustion Engines Market Trends |
6 Singapore Internal Combustion Engines Market, By Types |
6.1 Singapore Internal Combustion Engines Market, By Fuel |
6.1.1 Overview and Analysis |
6.1.2 Singapore Internal Combustion Engines Market Revenues & Volume, By Fuel, 2020-2030F |
6.1.3 Singapore Internal Combustion Engines Market Revenues & Volume, By Petroleum, 2020-2030F |
6.1.4 Singapore Internal Combustion Engines Market Revenues & Volume, By Natural Gas, 2020-2030F |
6.2 Singapore Internal Combustion Engines Market, By End-Users |
6.2.1 Overview and Analysis |
6.2.2 Singapore Internal Combustion Engines Market Revenues & Volume, By Automotive, 2020-2030F |
6.2.3 Singapore Internal Combustion Engines Market Revenues & Volume, By Aircraft, 2020-2030F |
6.2.4 Singapore Internal Combustion Engines Market Revenues & Volume, By Marine, 2020-2030F |
7 Singapore Internal Combustion Engines Market Import-Export Trade Statistics |
7.1 Singapore Internal Combustion Engines Market Export to Major Countries |
7.2 Singapore Internal Combustion Engines Market Imports from Major Countries |
8 Singapore Internal Combustion Engines Market Key Performance Indicators |
9 Singapore Internal Combustion Engines Market - Opportunity Assessment |
9.1 Singapore Internal Combustion Engines Market Opportunity Assessment, By Fuel, 2020 & 2030F |
9.2 Singapore Internal Combustion Engines Market Opportunity Assessment, By End-Users, 2020 & 2030F |
10 Singapore Internal Combustion Engines Market - Competitive Landscape |
10.1 Singapore Internal Combustion Engines Market Revenue Share, By Companies, 2023 |
10.2 Singapore Internal Combustion Engines Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |