As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.    

Singapore tire market was valued USD 0.20 Billion in 2019 and is forecast to witness 6.78% CAGR during the forecast period owing to rise in per capita income and increasing automobile fleet in the country. The introduction of advanced technologies and rise in competition among tire manufacturers are also acting as major growth driver for the Singapore tire market.

Singapore tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized into passenger car, LCV, M&HCV, OTR, two-wheeler and three-wheeler. Passenger car segment led the market in 2019 and the trend is likely to continue until 2025 due to recovering sales of passenger car and growing number of nuclear families across the country. Based on tire type, Singapore tire market is segmented into radial vs bias. Among these two, radial tires accounted for the largest market share in 2019 as consumers prefer radial tires due to their advantages, such as flexible sidewalls and reduced fuel consumption due to less vibration and resistance over other counterparts.

Major companies operating in Singapore tire market include Michelin Asia (Singapore) Co Pte Ltd., Continental Tires Holding Singapore Pte. Ltd., Pirelli Asia Pte Ltd., Bridgestone Asia Pacific Pte. Ltd., Hankook Tire Singapore PTE., Ltd., Goodyear Orient Company (Private) Limited, Dunlop Tyre, TOYO Tire & Rubber, GT Radial Singapore and Stamford Tyres Corporation Limited, among others. Leading tire manufacturers are undergoing mergers & acquisitions, collaborations, product innovation and joint ventures to strengthen their position in Singapore tire market.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast the market size of Singapore tire market.
  • To classify and forecast Singapore tire market based on vehicle type, demand category, radial vs bias, company and region.
  • To identify drivers and challenges for Singapore tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Singapore tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing tires in Singapore.

 

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included 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 could 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 Singapore.

TechSci Research calculated the market size for Singapore tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Vehicle manufacturing companies
  • Raw material suppliers
  • Associations, organizations, forums and alliances related to tires
  • Government bodies such as regulatory authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them 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:

  • Singapore Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

o    Three-Wheeler

  • Singapore Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Singapore Tire Market, By Tire Type:
    • Radial vs Bias
  • Singapore Tire Market, By Region:
    • South West CDC
    • North East CDC
    • Central Singapore CDC  

Competitive Landscape

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

Available Customizations:

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

Company Information

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

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Singapore Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Singapore Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler and Three -wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Company (2020)

6.2.5.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

7.    Singapore Passenger Car 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

7.2.2.     By Demand Category

7.2.3.     By Radial Vs Bias

7.3.  Market Attractiveness Index

8.    Singapore Two-Wheeler 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

8.2.2.     By Demand Category

8.2.3.     By Radial Vs Bias

8.3.  Market Attractiveness Index

9.    Singapore Medium & Heavy Commercial Vehicle 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

9.2.2.     By Demand Category

9.2.3.     By Radial Vs Bias

9.3.  Market Attractiveness Index

10.  Singapore Light Commercial Vehicle 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

10.2.2.  By Demand Category

10.2.3.  By Radial Vs Bias

10.3.              Market Attractiveness Index

11.  Singapore 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

11.2.2.  By Demand Category

11.2.3.  By Radial Vs Bias

11.3.              Market Attractiveness Index

12.  Singapore Three-Wheeler 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

12.2.2.  By Demand Category

12.2.3.  By Radial Vs Bias

12.3.              Market Attractiveness Index

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Import Export Analysis

15.  Market Trends & Developments

16.  Policy and Regulatory & Landscape

17.  Singapore Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Players Profiled (Leading Companies)

18.2.1.  Michelin Asia (Singapore) Co Pte Ltd.

18.2.1.1.      Company Overview

18.2.1.2.      Products & Services

18.2.1.3.      Financials (If available)

18.2.1.4.      Current & Future Strategy

18.2.1.5.      Key Management

18.2.1.6.      Contact Details

18.2.2.  Continental Tires Holding Singapore Pte. Ltd.

18.2.3.  Pirelli Asia Pte Ltd.

18.2.4.  Bridgestone Asia Pacific Pte. Ltd.

18.2.5.  Hankook Tire Singapore PTE., Ltd.

18.2.6.  Goodyear Orient Company (Private) Limited

18.2.7.  Dunlop Tyre

18.2.8.  TOYO Tire & Rubber

18.2.9.  GT Radial Singapore

18.2.10.                Stamford Tyres Corporation Limited

15. Strategic Recommendations

16. About Us & Disclaimer

     

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

     

    Figure 1: Singapore Tire Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: Singapore Tire Market - Influencer of Purchase (N=75)

    Figure 3: Singapore Tire Market - Aided Brand Recall (N=75)

    Figure 4: Singapore Tire Market - Unaided Brand Recall (N=75)

    Figure 5: Singapore Tire Market Brand Satisfaction Level (N=75)

    Figure 6: Singapore Tire Market - Brand Satisfaction Level, By Lifetime (N=75)

    Figure 7: Singapore Tire Market - Brand Satisfaction Level, By Traction (N=75)

    Figure 8: Singapore Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=75)

    Figure 9: Singapore Tire Market - Brand Satisfaction Level, By Frequency of Breakdown (N=75)

    Figure 10: Singapore Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 11: Singapore Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 12: Singapore Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 13: Singapore Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 14: Singapore Tire Market Share, By Region, By Volume, 2019 & 2025F

    Figure 15: Singapore Tire Market Share, By Region, By Volume, 2019-2025F

    Figure 16: Singapore Tire Market Supply Chain Model

    Figure 17: Singapore Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 18: Singapore Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 19: Singapore Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 20: Singapore Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 21: Singapore Passenger Car Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 22: Singapore Passenger Car Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 23: Singapore Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 24: Singapore Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 25: Singapore Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 26: Singapore Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 27: Singapore Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 28: Singapore Light Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 29: Singapore Light Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 30: Singapore Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 31: Singapore Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 32: Singapore Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 33: Singapore Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 34: Singapore Medium & Heavy Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 35: Singapore Medium & Heavy Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 36: Singapore Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 37: Singapore Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 38: Singapore Two-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 39: Singapore Two-Wheeler Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 40: Singapore Two-Wheeler Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 41: Singapore Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume,

    2019E-2025F

    Figure 42: Singapore Off-the-Road Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 43: Singapore Off-the-Road Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 44: Singapore Off-the-Road Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 45: Singapore Off-the-Road Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 46: Singapore OTR Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 47: Singapore Off-the-Road Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

     

    List of Tables

     

    Table 1: Prominent Tire Size in Singapore Passenger Car Tire Market, 2019

    Table 2: Prominent Tire Size in Singapore Light Commercial Vehicle Tire Market, 2019

    Table 3: Prominent Tire Size in Singapore Medium & Heavy Commercial Vehicle Tire Market, 2019

    Table 4: Prominent Tire Sizes in Singapore Two-Wheeler Tire Market, 2019

    Table 5: Prominent Tire Sizes in Singapore OTR Tire Market, 2019

    Table 6: Singapore Tire Imports, By Vehicle Type, By Value, 2015-2019 (USD Million)

    Table 7: Singapore Tire Exports, By Vehicle Type, By Value, 2015-2019 (USD Million)