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New Cars in Singapore

Publisher MarketLine
Published Sep 04, 2025
Length 45 Pages
SKU # MTLN20645716

Description

New Cars in Singapore

Summary

New Cars in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
  • The Singaporean new cars market recorded revenues of $0.04 billion in 2024, representing a compound annual growth rate (CAGR) of 2.2% between 2019 and 2024.
  • Market consumption volumes declined with a negative CAGR of 59.0% between 2019 and 2024, reaching a total of 409.0 units in 2024.
  • In 2024, the volume of the Singapore new cars market experienced a decline of 47.1% annually, primarily driven by the rising consumer price inflation. According to the World Bank, the consumer price inflation rate in Singapore increased to 2.4% in 2024. This increase in the inflation rate diminished consumer confidence, resulting in decreased willingness to make significant purchases such as vehicles.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Singapore
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Singapore
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Singapore new cars market with five year forecasts
Reasons to Buy
  • What was the size of the Singapore new cars market by value in 2024?
  • What will be the size of the Singapore new cars market in 2029?
  • What factors are affecting the strength of competition in the Singapore new cars market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Singapore's new cars market?

Table of Contents

45 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the strengths of the leading players?
7.5. What are the recent developments in the market?
8 Company Profiles
8.1. Bayerische Motoren Werke AG
8.2. Stellantis NV
8.3. Hyundai Motor Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Singapore new cars market value: $ billion, 2019-24
Table 2: Singapore new cars market volume: units, 2019-24
Table 3: Singapore new cars market geography segmentation: $ billion, 2024
Table 4: Singapore new cars market value forecast: $ billion, 2024-29
Table 5: Singapore new cars market volume forecast: units, 2024-29
Table 6: Singapore new cars market share: % share, by volume, 2024
Table 7: Bayerische Motoren Werke AG: Key Facts
Table 8: Bayerische Motoren Werke AG: Annual Financial Ratios
Table 9: Bayerische Motoren Werke AG: Key Employees
Table 10: Bayerische Motoren Werke AG: Key Employees Continued
Table 11: Stellantis NV: Key Facts
Table 12: Stellantis NV: Annual Financial Ratios
Table 13: Stellantis NV: Key Employees
Table 14: Stellantis NV: Key Employees Continued
Table 15: Hyundai Motor Co: Key Facts
Table 16: Hyundai Motor Co: Annual Financial Ratios
Table 17: Hyundai Motor Co: Key Employees
Table 18: Hyundai Motor Co: Key Employees Continued
Table 19: Singapore Size of Population (Million), 2020-24
Table 20: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 21: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 22: Singapore Inflation, 2020-24
Table 23: Singapore Consumer Price Index (Absolute), 2020-24
Table 24: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore new cars market value: $ billion, 2019-24
Figure 2: Singapore new cars market volume: units, 2019-24
Figure 3: Singapore new cars market geography segmentation: % share, by value, 2024
Figure 4: Singapore new cars market value forecast: $ billion, 2024-29
Figure 5: Singapore new cars market volume forecast: units, 2024-29
Figure 6: Forces driving competition in the new cars market in Singapore, 2024
Figure 7: Drivers of buyer power in the new cars market in Singapore, 2024
Figure 8: Drivers of supplier power in the new cars market in Singapore, 2024
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Singapore, 2024
Figure 10: Factors influencing the threat of substitutes in the new cars market in Singapore, 2024
Figure 11: Drivers of degree of rivalry in the new cars market in Singapore, 2024
Figure 12: Singapore new cars market share: % share, by volume, 2024

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