Product Code: ETC030647 | 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 parts market is projected to grow at a CAGR of 4.9% during the forecast period 2020-2026. This growth can be attributed to the increasing demand for high quality automotive components and accessories, rising sales of passenger cars in the country, and growing penetration of electric vehicles across Asia Pacific. Moreover, government initiatives to promote eco-friendly technologies are further expected to drive the market growth over the forecast period.
Increasing Demand for High Quality Automotive Components: The demand for advanced automotive components such as sensors has been on an upswing due to its robust design and improved features which enhance safety concerns among consumers driving their demand significantly. Furthermore, automakers are focusing on providing driver assistive systems with incorporation of superior quality automotive components triggering positive outlook toward this market???s expansion in upcoming years.Growing Sales of Passenger Cars in Singapore: The revenue generated from car sales has increased significantly over past few years due to rising disposable income coupled with availability of financial schemes offered by banks/finance companies making it easier for buyers purchase new cars pushing this industry???s growth trajectory upwardly. Increasing Penetration of Electric Vehicles Across Asia Pacific Region: The production as well as sale numbers have escalated exponentially owing to various initiatives taken by governments across countries encouraging adoption towards sustainable energy sources compelling customers switch from traditional gasoline powered engines towards electric vehicles augmenting fuel efficiency along with lowering pollution rates that further aid this sector???s progression positively.
High Cost Associated With Automobile Parts & Accessories : Owing To complexity involved within designing process there stands existance Of high cost being associated manufacturing & development Of automobile parts adding To overall pricing structure That might limit Their usage In Smaller scale applications restricting Its widespread popularity thus restraining This industry`s advancement.
Major players operating in Singapore Motor Vehicle Parts Market include Bosch Ltd., Continental AG., DENSO Corporation, Delphi Technologies PLC, Aisin Seiki Co Ltd.
The onset Of COVID -19 pandemic had created havoc across world creating significant disruption In operational activities causing drastic downfall In economic situations leadingTo recessionary trends worldwide affecting major industries Including motor vehicle parts Market adversely.Further, social distancing norms imposed by authorities also influenced buying decision negatively thereby hampering business operations severely denting Its potential growth prospects substantially.
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 Parts Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Motor Vehicle Parts Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Motor Vehicle Parts Market - Industry Life Cycle |
3.4 Singapore Motor Vehicle Parts Market - Porter's Five Forces |
3.5 Singapore Motor Vehicle Parts Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Singapore Motor Vehicle Parts Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Singapore Motor Vehicle Parts Market Revenues & Volume Share, By End-users, 2020 & 2030F |
4 Singapore Motor Vehicle Parts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Motor Vehicle Parts Market Trends |
6 Singapore Motor Vehicle Parts Market, By Types |
6.1 Singapore Motor Vehicle Parts Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Motor Vehicle Parts Market Revenues & Volume, By Type, 2020-2030F |
6.1.3 Singapore Motor Vehicle Parts Market Revenues & Volume, By Motor Vehicle Body, Metal Stamping & Other Parts, 2020-2030F |
6.1.4 Singapore Motor Vehicle Parts Market Revenues & Volume, By Motor Vehicle Engine, Power Train & Parts, 2020-2030F |
6.1.5 Singapore Motor Vehicle Parts Market Revenues & Volume, By Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors, 2020-2030F |
6.2 Singapore Motor Vehicle Parts Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Motor Vehicle Parts Market Revenues & Volume, By Passenger Vehicle, 2020-2030F |
6.2.3 Singapore Motor Vehicle Parts Market Revenues & Volume, By Commercial Vehicle, 2020-2030F |
6.2.4 Singapore Motor Vehicle Parts Market Revenues & Volume, By Industrial Vehicle, 2020-2030F |
6.3 Singapore Motor Vehicle Parts Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Singapore Motor Vehicle Parts Market Revenues & Volume, By OEM, 2020-2030F |
6.3.3 Singapore Motor Vehicle Parts Market Revenues & Volume, By Aftermarket, 2020-2030F |
7 Singapore Motor Vehicle Parts Market Import-Export Trade Statistics |
7.1 Singapore Motor Vehicle Parts Market Export to Major Countries |
7.2 Singapore Motor Vehicle Parts Market Imports from Major Countries |
8 Singapore Motor Vehicle Parts Market Key Performance Indicators |
9 Singapore Motor Vehicle Parts Market - Opportunity Assessment |
9.1 Singapore Motor Vehicle Parts Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Singapore Motor Vehicle Parts Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Singapore Motor Vehicle Parts Market Opportunity Assessment, By End-users, 2020 & 2030F |
10 Singapore Motor Vehicle Parts Market - Competitive Landscape |
10.1 Singapore Motor Vehicle Parts Market Revenue Share, By Companies, 2023 |
10.2 Singapore Motor Vehicle Parts Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |