Product Code: ETC020387 | 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 Braking System Parts Market is expected to grow at a CAGR of approximately 4.3% during the forecast period (2020-2026). The key factors responsible for the market growth are increasing sales of passenger cars, rise in production and sale of commercial vehicles, and increased use of automated braking systems. However, high cost associated with advanced technologies such as Electronic Stability Control (ESC) system may restrain the market growth.
Increasing Sales Of Passenger Cars: Growing per capita income levels have fueled demand for personal transportation in countries like Singapore. As a result, there has been an increase in the number of passengers car sold across the region which will drive new opportunities for motor vehicle braking system parts market players over the coming years.Rise In Production And Sale Of Commercial Vehicles: The growing need for efficient logistics services has led to an upsurge in demand for light and heavy trucks across different industries including e-commerce, manufacturing and construction activities ETC, leading to surge in production and sale of commercial vehicles that would consequently drive revenue generation from motor vehicle braking system parts market by 2026 end.Increased Use Of Automated Braking Systems: With continuous advancements made towards autonomous driving technology coupled with stringent safety regulations regarding road transportations implemented by respective governments across various nations is acting as major factor contributing to increased adoption rate of automated braking systems among automotive manufacturers thereby propelling growth within global motor vehicle brake system parts industry space over next few years time span.
High Cost Associated With Advanced Technologies Such As Electronic Stability Control (ESC) System : Developing ESC requires sophisticated sensors along its integration process with several other components making it expensive proposition thus posing challenge before industry participants willing to invest into R&D activities related to development & deployment electronic stability control systems onto vehiculars due its cost intensive nature backfiring on their bottom line developments through over strETChed pricing structure associated with these products.
Some key players operating within Singapore Motor Vehicle Braking System Parts Market include Delphi Technologies PLC., Robert Bosch GmbH., Continental AG Group.
Due lockdown imposed on account COVID 19 pandemic, automotive industries were most affected due disruption supply chain operations along closure service centers almost everywhere world adversely impacting whole value chain comprising OEMs down tier suppliers till end user finally resulting decline revenue generation across different segments including brakes & related components sector.However gradual recovery seen businesses post easing restrictions imposed yet prospects remain uncertain near future amid fear second wave infections globally hampering overall business sentiment drastically.
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 Braking System Parts Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Motor Vehicle Braking System Parts Market - Industry Life Cycle |
3.4 Singapore Motor Vehicle Braking System Parts Market - Porter's Five Forces |
3.5 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume Share, By Product Types, 2020 & 2030F |
3.6 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume Share, By Brake Pad Material Type, 2020 & 2030F |
3.7 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume Share, By Sales Channel, 2020 & 2030F |
3.8 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
4 Singapore Motor Vehicle Braking System Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Motor Vehicle Braking System Parts Market Trends |
6 Singapore Motor Vehicle Braking System Parts Market, By Types |
6.1 Singapore Motor Vehicle Braking System Parts Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Product Types, 2020-2030F |
6.1.3 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Disc Brakes, 2020-2030F |
6.1.4 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Drum Brakes, 2020-2030F |
6.2 Singapore Motor Vehicle Braking System Parts Market, By Brake Pad Material Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Organic, 2020-2030F |
6.2.3 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Metallic, 2020-2030F |
6.2.4 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Ceramic, 2020-2030F |
6.3 Singapore Motor Vehicle Braking System Parts Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Original Equipment Manufacturers (OEM), 2020-2030F |
6.3.3 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Aftermarket, 2020-2030F |
6.4 Singapore Motor Vehicle Braking System Parts Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Passenger Cars, 2020-2030F |
6.4.3 Singapore Motor Vehicle Braking System Parts Market Revenues & Volume, By Commercial Vehicles, 2020-2030F |
7 Singapore Motor Vehicle Braking System Parts Market Import-Export Trade Statistics |
7.1 Singapore Motor Vehicle Braking System Parts Market Export to Major Countries |
7.2 Singapore Motor Vehicle Braking System Parts Market Imports from Major Countries |
8 Singapore Motor Vehicle Braking System Parts Market Key Performance Indicators |
9 Singapore Motor Vehicle Braking System Parts Market - Opportunity Assessment |
9.1 Singapore Motor Vehicle Braking System Parts Market Opportunity Assessment, By Product Types, 2020 & 2030F |
9.2 Singapore Motor Vehicle Braking System Parts Market Opportunity Assessment, By Brake Pad Material Type, 2020 & 2030F |
9.3 Singapore Motor Vehicle Braking System Parts Market Opportunity Assessment, By Sales Channel, 2020 & 2030F |
9.4 Singapore Motor Vehicle Braking System Parts Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
10 Singapore Motor Vehicle Braking System Parts Market - Competitive Landscape |
10.1 Singapore Motor Vehicle Braking System Parts Market Revenue Share, By Companies, 2023 |
10.2 Singapore Motor Vehicle Braking System Parts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |