
Premium and Luxury Cars in Singapore
Description
Premium and Luxury Cars in Singapore
Retail value sales of premium and luxury cars rose by a significant 30% to a total of SGD5.2 billion in 2024, with wealthy consumers showcasing resilience in the face of macroeconomic challenges. Sales are heavily based on high consumer confidence amongst the wealthier demographic. Consequently, the number of individuals owning significant wealth considerably impacts sales, with over 800 ultra HNWIs, 26,300 HNWIs, and 247,600 affluent adults present in Singapore in 2024. Being significant and hi...
Euromonitor International's Premium and Luxury Cars in Singapore report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Premium and Luxury Cars market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop
Table of Contents
19 Pages
- Premium and Luxury Cars in Singapore
- Euromonitor International
- October 2024
- List Of Contents And Tables
- PREMIUM AND LUXURY CARS IN SINGAPORE
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Double-digit growth as high-net-worth individuals invest in premium and luxury cars
- New launches from top competitors drive growth on the premium and luxury car landscape
- Electric cars gain ground and drive growth, aligning with consumer demand
- PROSPECTS AND OPPORTUNITIES
- Retail sales rise as electric vehicles continue to launch and drive growth
- Technological advancements and personalised features drive ongoing growth
- Online and offline channels engage consumers through unique benefits
- CATEGORY DATA
- Table 1 Sales of Premium and Luxury Cars: Value 2019-2024
- Table 2 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
- Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
- Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
- Table 5 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
- Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
- LUXURY GOODS IN SINGAPORE
- EXECUTIVE SUMMARY
- Luxury goods in 2024: The big picture
- 2024 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 7 Sales of Luxury Goods by Category: Value 2019-2024
- Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
- Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
- Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
- Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
- Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
- Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
- Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
Pricing
Currency Rates
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