Independent 5 year Automotive industry forecasts for Singapore.
Original Automotive market research and Automotive sector trend analysis for the Singapore Automotive industry.
Competitive intelligence, Singaporean Automotive company rankings and SWOT analyses on international and domestic Automotive companies in Singapore .
The Singapore Automotives Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end- ; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.
Business Monitor International’s Singaporean Automotives Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Singaporean automotives market.
Key Benefits of Report
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Benchmark BMI’s independent 5-year Automotives Industry forecasts on Singapore to test other views – a key input for successful budgetary and planning in the Singaporean Automotives market.
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Target Business Opportunities & Risks in the Singaporean Automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Singapore .
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Exploit the Latest Competitive Singaporean Automotives Intelligence & company SWOTS on your competitors and peers through company rankings by production, sales, market share and ownership structure – includes multi national and national companies in Singapore .
Coverage
Executive Summary & Swot Analysis
Summary of BMI’s key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local automotives market, economy and business environment.
Regional Overview
Cross-border analysis on the structure, size and value of the automotives sector, including comparative historical data and forecasts on the region’s sales and production figures.
Business Environment Rankings
Comparative guide to the region’s business environment, ranking of the regional markets by CBU Output Growth, Vehicle Penetration Potential, Regulation, Market Competition, Economics Risk and Politics Risk. The rankings table provides BMI’s view on the competitiveness of the regional markets.
Market Overview
Outlook of local market, commenting on its structure, size and value.
BMI 5-Year Industry Forecast
Historic data series and 5-year forecasts to end- for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including: Total production value (US$bn); total production of units; production by vehicle-type, including cars, commercial vehicles, trucks and buses; total sales value (US$bn); sales by vehicle-type, including passenger cars and commercial vehicles (vans and microbuses, pickups, trucks and buses, 4 wheel drive); total exports by value (US$bn) and by units; total imports by value (US$bn) and by units; contribution to GDP; employment in industry.
BMI 5-Year Macroeconomic Forecast
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Competitive Landscape
Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.
Company Profiles & SWOTS
Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats)analyses, fully researched senior executives and full contact details, business activity, leading products and services.
Executive Summary
New vehicle sales in Singapore finished Q109 down by 12% year-on year (y-o-y), sustaining the downturn of 2008. There were signs of an improvement, however, with the drop in sales less steep than that of 16% incurred in 2M09. BMI forecasts that sales will finish the year down by 14.5% before returning to growth in 2010. Regardless of how the market performs there will be the usual restriction on sales, limited to the number of Certificates of Entitlement (COEs) issued. In 2009, the number will be limited to 73,830 compared with registrations of 97,348 cars last year.
Positives for the market include a successful move towards alternative fuels. Sales of cars powered by compressed natural gas (CNG) rose tenfold in 2008, with fleet sales contributing significantly as sales of CNG vehicles for taxi use quadrupled. This has been followed up in 2009 by the signing of an agreement with the Renault-Nissan Alliance to promote the use of electric cars. The carmaker will provide 50 electric vehicles (EVs), while a taskforce has been established by the Land Transport Authority and Energy Market Authority to examine the viability of mass use in the city-state and the necessary infrastructure.
Although it climbed two places to 12th in BMI’s Business Environment Ratings for the autos industry in the Asia Pacific at end-2008, this was more because of its Country Risk scores than its industry ratings. Singapore, along with Thailand, has the highest number of free trade agreements (FTAs) in the region. However, in industry terms, the lack of domestic production facilities and the imposition of vehicle quotas, which restrict potential sales growth, weigh on the market’s overall rating. This leaves it with a below-average score of 45.2 out of a possible 100.
Toyota Motor has maintained its leadership of the market in Q1. It achieved this with a market share of 26.61% from sales of 5,699 units in the passenger car market, and a 24.74% share of the commercial vehicle market with sales of 529 units. Below Toyota, however, the strength of the yen meant that Hyundai and other brands have moved up the passenger car rankings, overtaking Japanese firms Mitsubishi Motors (MMC) and Nissan Motor, which do not have Toyota’s established presence to cushion them from the effects of exchange rate fluctuations. They still remain in second and third in the commercial vehicle segment, however, with market shares of 19.55% and 11.88% respectively.
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