Singapore Tire Market Forecast and Opportunities, 2012-2022

Singapore tire market stood at $ 0.16 billion in 2016, and is projected to exhibit a CAGR of over 6%, in value terms, during 2017 – 2022, to reach $ 0.23 billion by 2022. Growing automobile sales and increasing per capita income are the major factors boosting demand for tires across the country. Passenger car segment accounted for the largest share in Singapore tire market in 2016, and the segment is expected to maintain its leading position during the forecast period as well, owing to recovering sales of passenger cars in the country.

Years considered for this report:

Historical Years: 2012 – 2015

Base Year: 2016

Estimated Year: 2017

Forecast Period: 2017 – 2022

Objective of the Study:

• To assess tire demand, replacement market, and import/export scenario in the country.
• To analyze and forecast Singapore tire market size, in terms of value as well as volume.
• To classify and forecast Singapore tire market on the basis vehicle type, company, company (Tier I, II and III), company (for radial tires), company (for bias tires),
• region, radial vs. bias, online vs. offline sales and demand category (OEM vs. Replacement).
• To identify drivers and challenges for Singapore tire market.
• To identify market trends and development in Singapore tire market.
• To evaluate the average selling price of tires.
• To conduct the pricing analysis for Singapore tire market

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Some of the major players operating in Singapore are Michelin Asia (Singapore) Co Pte Ltd, Continental Automotive Singapore Pte Ltd, Pirelli Asia Pte Ltd, Bridgestone Tyre Sales Singapore Pte. Ltd., Hankook Tire Singapore PTE., Ltd., Goodyear Orient Company (Private) Limited, Dunlop Tyre, TOYO Tire & Rubber Company, Giti Tire Pte. Ltd., Stamford Tyres Corporation Limited, etc.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire manufacturers and suppliers operating in different regions of Malaysia. Subsequently, TechSci Research conducted primary research surveys, which include primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major tire suppliers across the country.

TechSci Research calculated the market size for Malaysia tire market using a bottom-up technique, wherein manufacturers’ volume sales data for different vehicle types (Passenger Car, LCV, M&HCV, OTR, and Two-wheeler) were recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analysing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such OICA, Land Transport Authority (LTA), World Bank, UN Comtrade, company websites, company annual reports, white papers, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

• Singapore Tire Importers
• Singapore Dealer/Distributor
• Associations, organizations, forums and alliances related to tires
• Government bodies such as regulating authorities and policy makers
• Industry associations
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tire manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Singapore tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

•          Market Share & Forecast:

o    By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler & Off-The-Road)

o    By Company

o    By Company (Tier I, II and III)

o    By Company (For Radial Tires)

o    By Company (For Bias Tires)

o    By Region

o    By Demand Category (OEM Vs. Replacement)

o    By Radial Vs Bias

o    Online Vs. Offline Sales

•          Prominent Tire Sizes

Competitive Landscape

Company Profiles: Detailed analysis of major companies present in Singapore tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. Following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       Singapore Tire Market Outlook

4.1.    Market Size & Forecast

4.1.1.By Value & Volume

4.2.    Market Share & Forecast

4.2.1.By Vehicle Type (Passenger Car, Medium & Heavy Commercial Vehicle, Light Commercial Vehicle, Two-Wheeler & Off-The-Road)

4.2.2.By Company

4.2.3.By Company (Tier I, II and III)

4.2.4.By Company (For Radial Tires)

4.2.5.By Company (For Bias Tires)

4.2.6.By Region

4.2.7.By Demand Category (OEM Vs. Replacement)

4.2.8.By Radial Vs. Bias

4.2.9.Online Vs. Offline Sales

4.3.    Prominent Tire Sizes

4.4.    Market Attractiveness Index (By Region)

4.5.    Market Attractiveness Index (By Vehicle Type)

5.       Singapore Radial Tire Market Outlook

5.1.    Market Size & Forecast

5.1.1.By Volume

5.2.    Market Share & Forecast

5.2.1.By Vehicle Type

6.       Singapore Bias Tire Market Outlook

6.1.    Market Size & Forecast

6.1.1.By Volume

6.2.    Market Share & Forecast

6.2.1.By Vehicle Type

7.       Singapore Passenger Car (PC) Tire Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value & Volume

7.2.    Market Share & Forecast

7.2.1.By Vehicle Type (Medium, Large & Small)

7.2.2.By Demand Category (OEM Vs. Replacement)

7.2.3.By Radial Vs. Bias

7.3.    Market Attractiveness Index (By Vehicle Type)

8.       Singapore Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value & Volume

8.2.    Market Share & Forecast

8.2.1.By Vehicle Type (HGV, VHGV & Buses)

8.2.2.By Demand Category (OEM Vs. Replacement)

8.2.3.By Radial Vs. Bias

8.3.    Market Attractiveness Index (By Vehicle Type)

9.       Singapore Light Commercial Vehicle (LCV) Tire Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value & Volume

9.2.    Market Share & Forecast

9.2.1.By Vehicle Type (LGV, GPV & Omnibus)

9.2.2.By Demand Category (OEM Vs. Replacement)

9.2.3.By Radial Vs. Bias

9.3.    Market Attractiveness Index (By Vehicle Type)

10.   Singapore Two-Wheeler (2W) Tire Market Outlook

10.1.Market Size & Forecast

10.1.1.    By Value & Volume

10.2.Market Share & Forecast

10.2.1.    By Vehicle Type (500cc & Below, 501-1000cc & Above 1000cc)

10.2.2.    By Demand Category (OEM Vs. Replacement)

10.2.3.    By Radial Vs. Bias

10.3.Market Attractiveness Index (By Vehicle Type)

11.   Singapore Off-the-Road (OTR) Tire Market Outlook

11.1.Market Size & Forecast

11.1.1.    By Value & Volume

11.2.Market Share & Forecast

11.2.1.    By Vehicle Type (Mining & Construction, and Others)

11.2.2.    By Demand Category (OEM Vs. Replacement)

11.2.3.    By Radial Vs. Bias

11.3.Market Attractiveness Index (By Vehicle Type)

12.   Singapore Retreading Tire Market Outlook

12.1.Market Size & Forecast

12.1.1.    By Value & Volume

12.2.Market Share & Forecast

12.2.1.    By Vehicle Type (Truck and Bus, & Others)

12.2.2.    Top Retreaders

13.   Import-Export Analysis

14.   Supply Chain Analysis

15.   Pricing and Price Point Analysis

16.   Market Dynamics

16.1.Drivers

16.2.Challenges

17.   Market Trends & Developments

17.1.Recovering Automobile Sales

17.2.Increasing Tire Radialization

17.3.Growing Penetration of Chinese Tires

17.4.Rising Demand for Commercial Vehicle Tires

17.5.Growing Internet Penetration to Drive Online Tire Sales

18.   Policy & Regulatory Landscape

19.   Singapore Economic Profile

20.   Competitive Landscape

20.1.Michelin Asia (Singapore) Co Pte Ltd

20.2.Continental Automotive Singapore Pte Ltd

20.3.Pirelli Asia Pte Ltd

20.4.Bridgestone Tyre Sales Singapore Pte. Ltd.

20.5.Hankook Tire Singapore PTE., Ltd.

20.6.Goodyear Orient Company (Private) Limited

20.7.Dunlop Tyre

20.8.TOYO Tire & Rubber Company

20.9.Giti Tire Pte. Ltd.

20.10.   Stamford Tyres Corporation Limited

21.   Strategic Recommendations

List of Figures

Figure 1: Singapore Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F

Figure 2: Prominent Drivers in Singapore Tire Market (2011-2015)

Figure 3: Prominent Factors for Singapore Tire Market Growth During 2017E-2022F

Figure 4: Singapore Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 5: Singapore Tire Market Share, By Company, By Volume, 2016-2022F

Figure 6: Singapore Tire Market Share, By Company (Tier I, II and III), By Volume, 2016-2022F

Figure 7: Singapore Radial Tire Market Share, By Company, By Volume, 2016-2022F

Figure 8: Singapore Bias Tire Market Share, By Company, By Volume, 2016-2022F

Figure 9: Singapore Tire Market Share, By Region, By Volume, 2016 & 2022F

Figure 10: Singapore Tire Market Share, By Region, By Volume, 2016-2022F

Figure 11: Singapore Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F

Figure 12: Singapore Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F

Figure 13: Singapore Tire Market Share, By Online Vs. Offline, By Volume, 2016-2022F

Figure 14: Singapore Tire Market Attractiveness Index, By Region, By Volume, 2017-2022F

Figure 15: Singapore Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2017-2022F

Figure 16: Singapore Radial Tire Market Size, By Volume (Million Unit), 2016-2022F

Figure 17: Singapore Radial Tire Market Share, By Vehicle Type, By Volume, 2016-2022F

Figure 18: Singapore Bias Tire Market Size, By Volume (Million Unit), 2016-2022F

Figure 19: Singapore Bias Tire Market Share, By Vehicle Type, By Volume, 2016-2022F

Figure 20: Singapore Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit),

2012-2022F

Figure 21: Singapore Passenger Car Tire ASP, 2012-2016 (USD)

Figure 22: Singapore Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 23: Singapore Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F

Figure 24: Singapore Passenger Car Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F

Figure 25: Singapore Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2017-2022F

Figure 26: Singapore Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F

Figure 27: Singapore Medium & Heavy Commercial Tire ASP, 2012-2016 (USD

Figure 28: Singapore Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 29: Singapore Medium & Heavy Commercial Vehicle Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F

Figure 30: Singapore Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F

Figure 31: Singapore Medium and Heavy Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2017-2022F

Figure 32: Singapore Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F

Figure 33: Singapore Light Commercial Vehicle Tire ASP, 2012-2016 (USD)

Figure 34: Singapore Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 35: Singapore Light Commercial Vehicle Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F

Figure 36: Singapore Light Commercial Vehicle Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F

Figure 37: Singapore Light Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2017-2022F

Figure 38: Singapore Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F

Figure 39: Singapore Two-Wheeler Tire ASP, 2012-2016 (USD)

Figure 40: Singapore Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

Figure 41: Singapore Two-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F

Figure 42: Singapore Two-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F

Figure 43: Singapore Number of Deregistered Vehicles, 2011-2015Singapore Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2017-2022F

Figure 44: Singapore Off-The-Road Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F

Figure 45: Singapore Off-The-Road Tire Market Share, By Vehicle Type, By Volume, 2012-2022F

Figure 46: Singapore Off-The-Road Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F

Figure 47: Singapore Off-The-Road Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F

Figure 48: Singapore Off-The-Road Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2017-2022F

Figure 49: Singapore Retreading Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F

Figure 50: Singapore Retreading Tire Market Share, By Vehicle Type, By Volume, 2016-2022F

Figure 51: Singapore Tire Market Supply Chain Model

Figure 52: Singapore Tire Market Average Selling Price Analysis, 2012-2022F (USD Per Unit)

Figure 53: Singapore Tire Price Point Analysis, By Price Range, 2016 (USD)

List of Tables

Table 1: Singapore Vehicle Sales & Fleet Size, By Volume, 2012-2016 (Million)

Table 2: Singapore Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 3: Singapore Tire Market Size, By Company (Top 4), By Volume, 2016 -2022F (Million Unit)

Table 4: Singapore Passenger Car Sales & Fleet Size, By Volume, 2012-2016 (Million)

Table 5: Singapore Passenger Car Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 6: Singapore Medium & Heavy Commercial Vehicle Fleet Size, 2012-2016 (Million)

Table 7: Singapore Medium & Heavy Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 8: Singapore Light Commercial Vehicle Fleet Size, 2012-2016 (Million)

Table 9: Singapore Light Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 10: Singapore Two-Wheeler Fleet Size, 2012-2016 (Million)

Table 11: Singapore Two-Wheeler Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 12: Singapore Off-The-Road Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)

Table 13: Singapore Retreading Tire Market Share, By Company (Top 4), By Volume, 2016

Table 14: Singapore Tire Imports, By Segment, By Value, 2012-2016 (USD Million)

Table 15: Singapore Tire Exports, By Segment, By Value, 2012-2016 (USD Million)

Table 16: Singapore Tire Imports, By Country, By Value, 2012-2016 (USD Million)

Table 17: Singapore Tire Exports, By Country, By Value, 2012-2016 (USD Million)

Table 18: Singapore Tire Market Pricing Analysis, 2016

Table 19: Land Transport Authority of Singapore’s Categorization of Vehicles, By Class

Table 20: Lifespan of a Vehicle As per Singapore Government

Table 21: Partial Tax Exemption for Companies

Table 22: Tax Exemption for Start-up Companies