Singapore Tyre (Tire) Market Size, Share by Type 2020

Summary

Report Description

With a population of around 5.47 million in 2014, Singapore is a global financial and commercial hub. Singapore’s vehicle motorization rate (for passenger cars and commercial vehicles) stood at around 153 vehicles per 1,000 people, as of 2013. This low vehicle motorization rate in Singapore promises huge growth potential for the country’s automotive industry in the coming years, including the tire industry. Major global players such as Michelin, Bridgestone, Yokohama, and Hankook operate in Singapore by importing tires into the country.

According to “Singapore Tyre Market Forecast & Opportunities, 2020”, Singapore’s automotive sector witnessed a decline in sales during 2010-2014. This was predominantly due to implementation of various government initiatives to control increasing motor vehicle ownership in the country. The tire market in the country is dominated by passenger car and commercial vehicle tire segments, which cumulatively captured a market share of around 82% in 2014. With no domestic automobile production facility in the country, the tire market is completely dependent on replacement demand. Moreover, replacement demand is addressed through imports, due to absence of tire production units in the country. “Singapore Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects of tire market in Singapore:

Singapore Tire Market Size, Share & Forecast
Segmental Analysis – Passenger Car Tires, Light Commercial Vehicle Tires, Medium and Heavy Commercial Tires & Two Wheeler Tires
Policy & Regulatory Landscape
Changing Market Trends and Emerging Opportunities
Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

To gain an in-depth understanding of tire market in Singapore
To identify the on-going trends and segment wise anticipated growth in the coming years
To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
To obtain research based business decision and add weight to presentations and marketing material
To gain competitive knowledge of leading players
To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tire companies, distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table of content

1. Research Methodology

2. Analyst View

3. Product Overview

4. Singapore Tyre 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 Cars, LCV, MHCV & Two Wheeler)

4.2.2. By Company

4.2.3. By Region

5. Singapore Passenger Car (PC) Tyre Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type

6. Singapore Medium & Heavy Commercial Vehicle (LCV) Tyre Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type

7. Singapore Light Commercial Vehicle (LCV) Tyre Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Vehicle Type

8. Singapore Two-Wheeler Tyre Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Vehicle Type

9. Import-Export Analysis

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

11.1. Positive Outlook for Automobile Sector

11.2. Growing Market for Tyre Recycling

11.3. Increasing Number of Rubber Manufacturing Plant

11.4. Increasing Trade with Germany and Australia

11.5. Rising Demand for Commercial Vehicle Tyres

12. Policy & Regulatory Landscape

13. Singapore Economic Profile

14. Competitive Landscape

14.1. Michelin Asia (Singapore) Co Pte Ltd

14.2. Continental Tires Holding Singapore Pte. Ltd.

14.3. Pirelli Asia Pte Ltd

14.4. Bridgestone Asia Pacific Pte. Ltd.

14.5. Hankook Tire Singapore PTE., Ltd.

14.6. Goodyear Orient Company (Private) Limited

14.7. Dunlop Tyre

14.8. TOYO Tire & Rubber

14.9. GT Radial Singapore

14.10. Stamford Tyres Corporation Limited

15. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Singapore Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F

Figure 2: Singapore Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 3: Singapore Automobile Sales Share, By Vehicle Type, By Volume, 2010-2020F

Figure 4: Singapore Tyre Market Share, By Company, By Volume, 2014-2020F

Figure 5: Singapore Tyre Market Share, By Region, By Volume, 2014 & 2020F

Figure 6: Singapore Passenger Car Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F

Figure 7: Singapore Passenger Car Sales, By Volume, 2010–2020F (Units)

Figure 8: Singapore Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 9: Singapore Medium & Heavy Commercial Vehicle Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F

Figure 10: Singapore Medium & Heavy Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 11: Singapore Light Commercial Vehicle Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F

Figure 12: Singapore Light Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 13: Singapore Two-Wheeler Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F

Figure 14: Singapore Two-Wheeler Sales, By Volume, 2010–2020F (Units)

Figure 15: Singapore Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

Figure 16: Singapore Tyre Imports & Exports, By Volume, 2010-2014 (Million Units)

Figure 17: Singapore Tyre Imports & Exports, By Value, 2010-2014 (USD Million)

Figure 18: Singapore Number of Operational Bus Routes, 2010-2013

Figure 19: Singapore Number of De-Registered Vehicles, 2010, 2013 & 2014

Figure 20: Singapore Automobile Sales, By Volume, 2010-2020F (Units)

Figure 21: Singapore Scrap Tyre Output & Recycled Tyre Volume, 2011 & 2014 (Units)

Figure 22: Singapore Value of Contracts Awarded for Building and Construction Activities, 2012-2014 (USD Billion)

List of Tables

Table 1: Singapore Automobile Fleet Size, By Volume, 2010–2015E (Units)

Table 2: Singapore Passenger Car Fleet Size, By Volume, 2010–2015E (Units)

Table 3: Singapore Medium & Heavy Commercial Vehicle Sales, By Volume, 2010-2015E (Units)

Table 4: Singapore Medium & Heavy Commercial Vehicle Fleet Size, By Volume, 2010-2015E (Units)

Table 5: Singapore Construction Market Size, By Volume, 2010-2015E (Units)

Table 6: Singapore Light Commercial Vehicle Sales, By Volume, 2010–2015E (Units)

Table 7: Singapore Light Commercial Vehicle Fleet Size, By Volume, 2010-2015E (Units)

Table 8: Singapore Two-Wheeler Fleet Size, By Volume, 2010–2015E (Units)

Table 9: Singapore Tyre Imports Share, By Source Country, By Volume, 2010-2014

Table 10: Singapore Tyre Exports Share, By Destination Country, By Volume, 2010-2014

Table 11: Land Transport Authority of Singapore’s Categorization of Vehicles, By Class

Table 12: Lifespan of a Vehicle As per Singapore Government (2014)

Table 13: Partial Tax Exemption for Companies

Table 14: Partial Tax Exemption for Start up Companies*

Frequently asked questions

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Srishti Verma

Business Consultant

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Press Release

Singapore Tyre Market to Cross US$ 176 Million by 2020

Dec, 2015

Anticipated increase in automobile sales and expanding automobile fleet to drive Singapore tyre market over the next five years

Singapore Tyre Market Forecast and Opportunities, 2020

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