Summary
Hybrid & Electric 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
- Hybrid & electric cars market includes the initial retail sale/registration of new electric and hybrid passenger cars. Passenger cars include saloons/sedans, hatchbacks, SUVs, 4x4s, and other related vehicles. Market value is calculated at the retail selling price (RSP) and the market volume is given in terms of units sold.
- The Singaporean hybrid & electric cars market recorded revenues of $15,726.3 million in 2024, representing a compound annual growth rate (CAGR) of 23.8% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 27.7% between 2019 and 2024, reaching a total of 126,951.0 units in 2024.
- The growth of the hybrid & electric cars market in 2024 was driven by high fuel prices, advancements in battery technologies, and supportive government investments. According to the Singapore Department of Statistics, pump prices for petrol increased by 5.9% in August 2024 compared to August 2023, influenced by rising global crude oil prices, carbon tax adjustments, and local fuel duties.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the hybrid & electric cars market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the hybrid & electric cars market in Singapore
- Leading company profiles reveal details of key hybrid & electric cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore hybrid & electric cars market with five year forecasts
Reasons to Buy
- What was the size of the Singapore hybrid & electric cars market by value in 2024?
- What will be the size of the Singapore hybrid & electric cars market in 2029?
- What factors are affecting the strength of competition in the Singapore hybrid & electric cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's hybrid & electric cars 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 strategies do the leading players follow?
7.3. What are the recent developments in the market?
8 Company Profiles
8.1. Tesla Inc
8.2. Toyota Motor Corp
8.3. Hyundai Motor Co
8.4. Nissan Motor 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 hybrid & electric cars market value: $ million, 2019-24
Table 2: Singapore hybrid & electric cars market volume: Units, 2019-24
Table 3: Singapore hybrid & electric cars market category segmentation: % share, by value, 2019-24
Table 4: Singapore hybrid & electric cars market category segmentation: $ million, 2019-24
Table 5: Singapore hybrid & electric cars market geography segmentation: $ million, 2024
Table 6: Singapore hybrid & electric cars market value forecast: $ million, 2024-29
Table 7: Singapore hybrid & electric cars market volume forecast: Units, 2024-29
Table 8: Tesla Inc: Key Facts
Table 9: Tesla Inc: Annual Financial Ratios
Table 10: Tesla Inc: Key Employees
Table 11: Toyota Motor Corp: Key Facts
Table 12: Toyota Motor Corp: Annual Financial Ratios
Table 13: Toyota Motor Corp: Key Employees
Table 14: Toyota Motor Corp: 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: Nissan Motor Co Ltd: Key Facts
Table 19: Nissan Motor Co Ltd: Annual Financial Ratios
Table 20: Nissan Motor Co Ltd: Key Employees
Table 21: Nissan Motor Co Ltd: Key Employees Continued
Table 22: Singapore Size of Population (Million), 2020-24
Table 23: Singapore Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 24: Singapore GDP (Current Prices, $ Billion), 2020-24
Table 25: Singapore Inflation, 2020-24
Table 26: Singapore Consumer Price Index (Absolute), 2020-24
Table 27: Singapore Exchange Rate, 2019-24
List of Figures
Figure 1: Singapore hybrid & electric cars market value: $ million, 2019-24
Figure 2: Singapore hybrid & electric cars market volume: Units, 2019-24
Figure 3: Singapore hybrid & electric cars market category segmentation: $ million, 2019-24
Figure 4: Singapore hybrid & electric cars market geography segmentation: % share, by value, 2024
Figure 5: Singapore hybrid & electric cars market value forecast: $ million, 2024-29
Figure 6: Singapore hybrid & electric cars market volume forecast: Units, 2024-29
Figure 7: Forces driving competition in the hybrid & electric cars market in Singapore, 2024
Figure 8: Drivers of buyer power in the hybrid & electric cars market in Singapore, 2024
Figure 9: Drivers of supplier power in the hybrid & electric cars market in Singapore, 2024
Figure 10: Factors influencing the likelihood of new entrants in the hybrid & electric cars market in Singapore, 2024
Figure 11: Factors influencing the threat of substitutes in the hybrid & electric cars market in Singapore, 2024
Figure 12: Drivers of degree of rivalry in the hybrid & electric cars market in Singapore, 2024
