Product Code: ETC026807 | 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 | |
Singapore has been one of the pioneering markets in terms of automobile exhaust system technology. The country is gradually shifting towards stringent regulations to reduce air pollution, which is driving the growth of the automotive aftermarket exhaust system market in Singapore. Increasing disposable incomes among citizens have also led to an increase in car ownership, thus leading to a rise in demand for superior-quality and efficient automotive exhaust systems that meet stringent emission norms. Moreover, rapid technological advancements are underway with respect to vehicle combustion efficiency and gasoline/diesel engine performance optimization through effective design modifications such as catalytic converters and turbochargers that are integrated into the vehicle`s exhaust system. This is expected to create lucrative opportunities for market players over the forecast period 2020-2026.
Growing awareness about air quality index due to increasing environmental concerns has pushed governments across countries including Singapore towards enforcing strict emissions standards on automobiles along with promoting adoption of electric vehicles (EVs). In addition, implementation of initiatives by government authorities such as EV incentives; tax cuts; subsidies; parking privileges; policy support ETC, will further fuel sales volume during the forecast period 2020-2026.Additionally, rising consumer preference for advanced technologies like plug & play fitting kits is expected boost revenue generation from aftermarket parts installation across petrol outlets in Singapore thereby creating positive outlook for industry players operating therein during forecast period 2020-2026.
High initial capital investments needed by industry participants coupled with lack of availability qualified personnel required for installation services are some key factors challenging growth prospects this sector over short term horizon owing its complex nature involving multiple components integrated together.
Major players operating in the Singapore automobile exhaust system market include Bosal, Tenneco Inc., Ebersp?cher Group, Futaba Industrial Co., Ltd., Walker Products Inc., Magna International Inc., Wuxi Weifu High Technology Corporation Limited, L?we Automotive GmbH & Co. KG, RAREELECTRICALS PVT LTD and MANN+HUMMEL. These companies are focusing on strategies such as product launches and acquisitions to gain a competitive edge in the market.
Due covid 19 pandemic most manufacturing units have started facing supply side issues resulting from disruption caused at major production hubs located globally causing delays in product deliveries which could have long term implications impacting overall value chain dynamics affecting profit margins companies operating within this space. Additionally, slowdown witnessed global economy due Covid -19 outbreak resulted low demand specially luxury cars further dampening business activities within industry
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 Automobile Exhaust system Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Automobile Exhaust system Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Automobile Exhaust system Market - Industry Life Cycle |
3.4 Singapore Automobile Exhaust system Market - Porter's Five Forces |
3.5 Singapore Automobile Exhaust system Market Revenues & Volume Share, By Component Type, 2020 & 2030F |
3.6 Singapore Automobile Exhaust system Market Revenues & Volume Share, By After Treatment Device, 2020 & 2030F |
3.7 Singapore Automobile Exhaust system Market Revenues & Volume Share, By Fuel Type, 2020 & 2030F |
3.8 Singapore Automobile Exhaust system Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
4 Singapore Automobile Exhaust system Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Automobile Exhaust system Market Trends |
6 Singapore Automobile Exhaust system Market, By Types |
6.1 Singapore Automobile Exhaust system Market, By Component Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Automobile Exhaust system Market Revenues & Volume, By Component Type, 2020-2030F |
6.1.3 Singapore Automobile Exhaust system Market Revenues & Volume, By Manifold, 2020-2030F |
6.1.4 Singapore Automobile Exhaust system Market Revenues & Volume, By Downpipe, 2020-2030F |
6.1.5 Singapore Automobile Exhaust system Market Revenues & Volume, By Catalyst Converter, 2020-2030F |
6.1.6 Singapore Automobile Exhaust system Market Revenues & Volume, By Muffler, 2020-2030F |
6.1.7 Singapore Automobile Exhaust system Market Revenues & Volume, By Tailpipe, 2020-2030F |
6.1.8 Singapore Automobile Exhaust system Market Revenues & Volume, By Others, 2020-2030F |
6.2 Singapore Automobile Exhaust system Market, By After Treatment Device |
6.2.1 Overview and Analysis |
6.2.2 Singapore Automobile Exhaust system Market Revenues & Volume, By DOC, 2020-2030F |
6.2.3 Singapore Automobile Exhaust system Market Revenues & Volume, By DPF, 2020-2030F |
6.2.4 Singapore Automobile Exhaust system Market Revenues & Volume, By LNT, 2020-2030F |
6.2.5 Singapore Automobile Exhaust system Market Revenues & Volume, By SCR, 2020-2030F |
6.3 Singapore Automobile Exhaust system Market, By Fuel Type |
6.3.1 Overview and Analysis |
6.3.2 Singapore Automobile Exhaust system Market Revenues & Volume, By Diesel, 2020-2030F |
6.3.3 Singapore Automobile Exhaust system Market Revenues & Volume, By Gasoline, 2020-2030F |
6.4 Singapore Automobile Exhaust system Market, By Vehicle Type |
6.4.1 Overview and Analysis |
6.4.2 Singapore Automobile Exhaust system Market Revenues & Volume, By Light Commercial Vehicle, 2020-2030F |
6.4.3 Singapore Automobile Exhaust system Market Revenues & Volume, By Heavy Commercial Vehicle, 2020-2030F |
6.4.4 Singapore Automobile Exhaust system Market Revenues & Volume, By Passenger Vehicle, 2020-2030F |
7 Singapore Automobile Exhaust system Market Import-Export Trade Statistics |
7.1 Singapore Automobile Exhaust system Market Export to Major Countries |
7.2 Singapore Automobile Exhaust system Market Imports from Major Countries |
8 Singapore Automobile Exhaust system Market Key Performance Indicators |
9 Singapore Automobile Exhaust system Market - Opportunity Assessment |
9.1 Singapore Automobile Exhaust system Market Opportunity Assessment, By Component Type, 2020 & 2030F |
9.2 Singapore Automobile Exhaust system Market Opportunity Assessment, By After Treatment Device, 2020 & 2030F |
9.3 Singapore Automobile Exhaust system Market Opportunity Assessment, By Fuel Type, 2020 & 2030F |
9.4 Singapore Automobile Exhaust system Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
10 Singapore Automobile Exhaust system Market - Competitive Landscape |
10.1 Singapore Automobile Exhaust system Market Revenue Share, By Companies, 2023 |
10.2 Singapore Automobile Exhaust system Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |