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Singapore Tyre Market Forecast and Opportunities, 2020

Singapore Tyre Market Forecast and Opportunities, 2020

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 tyre industry. Major global players such as Michelin, Bridgestone, Yokohama, and Hankook operate in Singapore by importing tyres 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 tyre market in the country is dominated by passenger car and commercial vehicle tyre segments, which cumulatively captured a market share of around 82% in 2014. With no domestic automobile production facility in the country, the tyre market is completely dependent on replacement demand. Moreover, replacement demand is addressed through imports, due to absence of tyre production units in the country. “Singapore Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects of tyre market in Singapore:

  • Singapore Tyre Market Size, Share & Forecast
  • Segmental Analysis – Passenger Car Tyres, Light Commercial Vehicle Tyres, Medium and Heavy Commercial Tyres & Two Wheeler Tyres
  • 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 tyre market in Singapore
  • To identify the on-going trends and segment wise anticipated growth in the coming years
  • To help industry consultants, tyre 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 tyre companies, distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.


Companies Mentioned

1. Michelin Asia (Singapore) Co Pte Ltd
2. Continental Tires Holding Singapore Pte. Ltd.
3. Pirelli Asia Pte Ltd
4. Bridgestone Asia Pacific Pte. Ltd.
5. Hankook Tire Singapore PTE., Ltd.
6. Goodyear Orient Company (Private) Limited
7. Dunlop Tyre
8. TOYO Tire & Rubber
9. GT Radial Singapore
10. Stamford Tyres Corporation Limited

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
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*

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