Product Code: ETC020507 | 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 Singapore motor vehicle steering and suspension parts market is estimated to witness a significant growth during the forecast period (2020-2026). This can be attributed to increasing demand for safety features in vehicles, growing trend of off-road driving as well as improved road infrastructure. Additionally, government initiatives such as scrappage schemes are expected to further boost the demand for motor vehicle steering and suspension parts. Moreover, stringent emission standards will also drive the demand for electric vehicles which in turn will propel the growth of this market.
Increasing Demand For Safety Features In Vehicles: The growing concern over passenger safety has led manufacturers to focus on providing enhanced safety features in their products. This has resulted in an increased demand for advanced components such as electronic stability control systems and airbag modules which require high precision steering & suspension parts that are able to provide better handling capabilities under various conditions. As a result, this factor is likely to fuel the growth of Singapore motor vehicle steering & Suspension Parts Market during the forecast period (2020-2026).Growing Trend Of Off-Road Driving: Another key driver contributing towards the overall market growth is rising popularity of adventure sports and off-road activities. These activities require robust and durable components that are capable enough of handling extreme shock loads without compromising performance or reliability which increases need for specialized automotive components that possess superior strength & durability making them suitable even when exposed with harsh environment thus creating potential opportunity for its vendors operating within Singapore Motor Vehicle Steering & Suspension Parts Market throughout 2020-2026.
High Cost Associated With Aftermarket Products: One major challenge faced by players operating within Global Automotive Powertrain System Market is high cost associated with aftermarket products due lack availability of original equipment manufacturer (OEM) manufactured replacement parts leading its end users unable switch from OEM manufactured product owing its significantly higher price tag thus restraining opportunities available across Global Automotive Powertrain System Market till 2026.
Continental AG, ZF Friedrichshafen
The Covid-19 pandemic had impacted all sectors adversely including automotive sector where number vehicle purchases drastically reduced due lockdown restrictions imposed many countries around world along closure dealerships resulting significant financial losses companies operating within space.However longterm impact still remains uncertain currently limited knowledge available regarding future course virus allowing industries prepare better measures order cope up upcoming challenges potentially arising near future.
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 Motor Vehicle Steering and Suspension Parts Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Motor Vehicle Steering and Suspension Parts Market - Industry Life Cycle |
3.4 Singapore Motor Vehicle Steering and Suspension Parts Market - Porter's Five Forces |
3.5 Singapore Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share, By Types, 2020 & 2030F |
3.6 Singapore Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Singapore Motor Vehicle Steering and Suspension Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Motor Vehicle Steering and Suspension Parts Market Trends |
6 Singapore Motor Vehicle Steering and Suspension Parts Market, By Types |
6.1 Singapore Motor Vehicle Steering and Suspension Parts Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Types, 2020-2030F |
6.1.3 Singapore Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Steering Components, 2020-2030F |
6.1.4 Singapore Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Suspension Components, 2020-2030F |
6.2 Singapore Motor Vehicle Steering and Suspension Parts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Commercial Vehicle, 2020-2030F |
6.2.3 Singapore Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Passenger Car, 2020-2030F |
7 Singapore Motor Vehicle Steering and Suspension Parts Market Import-Export Trade Statistics |
7.1 Singapore Motor Vehicle Steering and Suspension Parts Market Export to Major Countries |
7.2 Singapore Motor Vehicle Steering and Suspension Parts Market Imports from Major Countries |
8 Singapore Motor Vehicle Steering and Suspension Parts Market Key Performance Indicators |
9 Singapore Motor Vehicle Steering and Suspension Parts Market - Opportunity Assessment |
9.1 Singapore Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment, By Types, 2020 & 2030F |
9.2 Singapore Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Singapore Motor Vehicle Steering and Suspension Parts Market - Competitive Landscape |
10.1 Singapore Motor Vehicle Steering and Suspension Parts Market Revenue Share, By Companies, 2023 |
10.2 Singapore Motor Vehicle Steering and Suspension Parts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |