Singapore Motor Vehicle Parts Market (2024-2030) | Outlook, COVID-19 IMPACT, Companies, Industry, Share, Growth, Analysis, Revenue, Forecast, Value, Trends & Size

Market Forecast By Type (Motor Vehicle Body, Metal Stamping & Other Parts, Motor Vehicle Engine, Power Train & Parts, Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors), By Application (Passenger Vehicle, Commercial Vehicle, Industrial Vehicle), By End-users (OEM, Aftermarket) And Competitive Landscape
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

Singapore Motor Vehicle Parts Market Synopsis

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.

Market Drivers

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.

Market challenges

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.

Key players

Major players operating in Singapore Motor Vehicle Parts Market include Bosch Ltd., Continental AG., DENSO Corporation, Delphi Technologies PLC, Aisin Seiki Co Ltd.

Covid-19 Impact

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.

Key Highlights of the Report:

  • Singapore Motor Vehicle Parts Market Outlook
  • Market Size of Singapore Motor Vehicle Parts Market, 2023
  • Forecast of Singapore Motor Vehicle Parts Market, 2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Revenues & Volume for the Period 2020-2030
  • Singapore Motor Vehicle Parts Market Trend Evolution
  • Singapore Motor Vehicle Parts Market Drivers and Challenges
  • Singapore Motor Vehicle Parts Price Trends
  • Singapore Motor Vehicle Parts Porter's Five Forces
  • Singapore Motor Vehicle Parts Industry Life Cycle
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Motor Vehicle Body, Metal Stamping & Other Parts for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Motor Vehicle Engine, Power Train & Parts for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Motor Vehicle Electrical & Electronic Equipment, Steering Suspension, & Interiors for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Passenger Vehicle for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Commercial Vehicle for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Industrial Vehicle for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By End-users for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By OEM for the Period 2020-2030
  • Historical Data and Forecast of Singapore Motor Vehicle Parts Market Revenues & Volume By Aftermarket for the Period 2020-2030
  • Singapore Motor Vehicle Parts Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By End-users
  • Singapore Motor Vehicle Parts Top Companies Market Share
  • Singapore Motor Vehicle Parts Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Motor Vehicle Parts Company Profiles
  • Singapore Motor Vehicle Parts Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All