Autos Report Singapore
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-2011; 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’
Key Benefits
Benchmark It’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.
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.
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 the 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 view on the competitiveness of the regional markets.
Market Overview : Outlook of local market, commenting on its structure, size and value.
5-Year Industry Forecast : Historic data series and 5-year forecasts to end-2009 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.
5-Year Macroeconomic Forecast : The 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
The Sector At A Glance
Key Insights On The Automotive Sector Of Singapore
New vehicle registrations in Singapore have continued on a growth curve into October 2006, although growth is slower year-on-year (y-o-y). Sales for the year to October of 126,621 units show a continuation of the trend towards slower growth, as established in 2005. However, the results are on track to meet the full-year forecast of 153,241 units, outlined in It's Singapore Automotives Report. The report also maintains BMI's forecast for the period to 2010, by which time we expect new registrations to be a little under 180,000 units, with the small car segment accounting for the majority of sales due to escalating oil prices.
A proposed free trade agreement (FTA) between Singapore and China should open up more trade opportunities within the industry, particularly for value-added component manufacturers supplying carmakers in China. Roughly 50% of Singapore's non-oil domestic exports (NODX) is comprised by electronics, and exports of these to China have almost doubled over the past two years, from US$2.3bn in 2003 to US$4.1bn in 2005. Moreover, while China has until now been considered a threat in terms of winning foreign investment in the industry, any FTA between the two countries should ensure greater bilateral investment and set the wheels in motion for a China-ASEAN FTA (CAFTA).
Indeed, Singapore remains a considerably attractive destination for foreign investors and ranks joint fifth in BMI's business environment ranking for the automotive industry in Asia Pacific. The city-state is only one point behind China overall and scores higher in criteria such as economic and political risk, as well as regulatory environment. According to Transparency International's corruption index, Singapore is the least corrupt state in the region. Despite a lack of domestic production in the automotive industry, a relatively low vehicle ownership rate and an ideal location to act as a regional re-export hub also make Singapore attractive to would-be investors.
In terms of the competitive landscape, Toyota's long-running dominance of the country's taxi market is being challenged by South Korea's Hyundai. Singapore's largest transport provider, ComfortDelGro, has awarded Hyundai a contract to supply 10,000 units of its Sonata model to be used as taxis. The cars will be delivered over the next four years starting in 2007. Toyota currently accounts for 80% of the taxi market, which stood at 7,894 units in 2005. The contract should go some way to improving Hyundai's performance from 2005, when it fell from second place to third following a 6.82% fall in sales.
For more information kindly visit : http://www.bharatbook.com/
Photo:
http://www.prlog.org/
