Summary
Automotive Aftermarket 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
- The automotive aftermarket includes the sales of automotive components for use on vehicles after the first purchase. Market value is calculated in terms of retail selling price (RSP), including all taxes and levies. Market volume refers to each aftermarket component, such as wiper blades or brake calipers, considered as a separate unit. The market scope includes components sold through fast fits, autocenters, garages, tire specialists, vehicle manufacturer networks, petrol stations, hypermarkets, crash repair centers/bodyshops, online sales, parts & accessories stores, and others. Both internal combustion engines and electric vehicles are considered in our scope. Our analysis encompasses both passenger cars and light commercial vehicles.
- The Singaporean automotive aftermarket sector recorded revenues of $0.8 billion in 2024, representing a compound annual growth rate (CAGR) of 3.7% between 2019 and 2024.
- Sector consumption volume increased with a CAGR of 2.4% between 2019 and 2024, reaching a total of 27.4 million units in 2024.
- The sector experienced an annual revenue growth of 5.6% in 2024, primarily driven by the continuous expansion of the global vehicle-in-operation (VIO) base and a notable increase in the average age of vehicles.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the automotive aftermarket market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive aftermarket market in Singapore
- Leading company profiles reveal details of key automotive aftermarket market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore automotive aftermarket market with five year forecasts
Reasons to Buy
- What was the size of the Singapore automotive aftermarket market by value in 2024?
- What will be the size of the Singapore automotive aftermarket market in 2029?
- What factors are affecting the strength of competition in the Singapore automotive aftermarket market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's automotive aftermarket market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
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. Category segmentation
4.2. 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. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What are the recent developments in the sector?
7.4. What are the challenges in the sector?
8 Company Profiles
8.1. Denso Corp
8.2. Robert Bosch GmbH
8.3. Autobacs Seven Co Ltd
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 automotive aftermarket sector value: $ million, 2019-24
Table 2: Singapore automotive aftermarket sector volume: million units, 2019-24
Table 3: Singapore automotive aftermarket sector category segmentation: % share, by value, 2019-24
Table 4: Singapore automotive aftermarket sector category segmentation: $ million, 2019-24
Table 5: Singapore automotive aftermarket sector geography segmentation: $ million, 2024
Table 6: Singapore automotive aftermarket sector value forecast: $ million, 2024-29
Table 7: Singapore automotive aftermarket sector volume forecast: million units, 2024-29
Table 8: Denso Corp: Key Facts
Table 9: Denso Corp: Annual Financial Ratios
Table 10: Denso Corp: Key Employees
Table 11: Denso Corp: Key Employees Continued
Table 12: Robert Bosch GmbH: Key Facts
Table 13: Robert Bosch GmbH: Key Employees
Table 14: Robert Bosch GmbH: Key Employees Continued
Table 15: Autobacs Seven Co Ltd: Key Facts
Table 16: Autobacs Seven Co Ltd: Annual Financial Ratios
Table 17: Autobacs Seven Co Ltd: Key Employees
Table 18: Singapore Size of Population (Million), 2020-24
Table 19: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 21: Singapore Inflation, 2020-24
Table 22: Singapore Consumer Price Index (Absolute), 2020-24
Table 23: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore automotive aftermarket sector value: $ million, 2019-24
Figure 2: Singapore automotive aftermarket sector volume: million units, 2019-24
Figure 3: Singapore automotive aftermarket sector category segmentation: $ million, 2019-24
Figure 4: Singapore automotive aftermarket sector geography segmentation: % share, by value, 2024
Figure 5: Singapore automotive aftermarket sector value forecast: $ million, 2024-29
Figure 6: Singapore automotive aftermarket sector volume forecast: million units, 2024-29
Figure 7: Forces driving competition in the automotive aftermarket sector in Singapore, 2024
Figure 8: Drivers of buyer power in the automotive aftermarket sector in Singapore, 2024
Figure 9: Drivers of supplier power in the automotive aftermarket sector in Singapore, 2024
Figure 10: Factors influencing the likelihood of new entrants in the automotive aftermarket sector in Singapore, 2024
Figure 11: Factors influencing the threat of substitutes in the automotive aftermarket sector in Singapore, 2024
Figure 12: Drivers of degree of rivalry in the automotive aftermarket sector in Singapore, 2024
