Automotive Aftermarket in Singapore
SummaryAutomotive Aftermarket in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The Automotive Aftermarket sector includes the sale of automotive components for use on vehicles after first purchase.
- The Singaporean automotive aftermarket sector had total revenues of $158.4 million in 2022, representing a compound annual growth rate (CAGR) of 1.5% between 2017 and 2022.
- Sector consumption volume grew with a CAGR of 2.4% between 2017 and 2022, to reach a total of 3.4 million units in 2022.
- In 2022, the market grew at a healthy rate of 4.6% due to the expanding downsizing of engine development in commercial vehicles together with rising demand for fuel-efficient and low-emission vehicles.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the automotive aftermarket market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive aftermarket market in Singapore
- Leading company profiles reveal details of key automotive aftermarket market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore automotive aftermarket market with five year forecasts
Reasons To Buy
- What was the size of the Singapore automotive aftermarket market by value in 2022?
- What will be the size of the Singapore automotive aftermarket market in 2027?
- What factors are affecting the strength of competition in the Singapore automotive aftermarket market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's automotive aftermarket market?
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