《MarketLineIC_Singapore Motorcycles_170922.pdf》由会员分享，可在线阅读，更多相关《MarketLineIC_Singapore Motorcycles_170922.pdf（58页珍藏版）》请在taowenge.com淘文阁网|工程机械CAD图纸|机械工程制图|CAD装配图下载|SolidWorks_CaTia_CAD_UG_PROE_设计图分享下载上搜索。
1、 MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|1MarketLine Industry ProfileMotorcycles in SingaporeAugust 2022ReferenceReference Code:Code:0116-04030116-0403PublicationPublication Date:Date:AugustAugust 20222022PrimaryPrimary NAICS:NAICS:336991336991WWW.MARKETLINE.CO
2、MWWW.MARKETLINE.COMMARKETLINE.THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED Motorcycles in SingaporeIndustry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|21.Executive Summary1.1.Market valueThe Singaporean motorcycles market grew by 6.1%in
3、 2021 to reach a value of$47.2 million.1.2.Market value forecastIn 2026,the Singaporean motorcycles market is forecast to have a value of$74.2 million,an increase of 57.2%since 2021.1.3.Market volumeThe Singaporean motorcycles market grew by 7%in 2021 to reach a volume of 11.5 thousand units.1.4.Mar
4、ket volume forecastIn 2026,the Singaporean motorcycles market is forecast to have a volume of 17.3 thousand units,an increase of 51.3%since 2021.1.5.Category segmentationMotorcycles is the largest segment of the motorcycles market in Singapore,accounting for 75.7%of the markets total volume.1.6.Geog
5、raphy segmentationSingapore accounts for 0.1%of the AsiaPacific motorcycles market value.1.7.Market shareYamaha is the leading player in the Singaporean motorcycles market,generating a 62.2%share of the markets volume.1.8.Market rivalry Motorcycles in SingaporeIndustry Profiles MARKETLINE THIS PROFI
6、LE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|3The presence of large,multinational companies with strong brands intensifies the rivalry level in this market.Diversification through product lines and geographical presence help to alleviate rivalry to an extent.1.9.Competitive LandscapeCon
7、centration in the motorcycle market remains high,but competition has intensified,driven by existing manufacturers and emerging manufacturers.The markets landscape continues to change rapidly with players facing tighter environmental regulations and advancing technologies.Motorcycles in Singapore Ind
8、ustry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|4TABLE OF CONTENTS1.Executive Summary21.1.Market value.21.2.Market value forecast.21.3.Market volume.21.4.Market volume forecast.21.5.Category segmentation.21.6.Geography segmentation.21.7.Market share.21.8
9、.Market rivalry.21.9.Competitive Landscape.32.Market Overview92.1.Market definition.92.2.Market analysis.93.Market Data113.1.Market value.113.2.Market volume.124.Market Segmentation134.1.Category segmentation.134.2.Geography segmentation.155.Market Outlook165.1.Market value forecast.165.2.Market vol
10、ume forecast.176.Five Forces Analysis186.1.Summary.186.2.Buyer power.196.3.Supplier power.20Motorcycles in Singapore Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|56.4.New entrants.226.5.Threat of substitutes.246.6.Degree of rivalry.267.Competitive
11、Landscape287.1.Market share.287.2.Who are the leading players?.287.3.What strategies do leading players follow?.297.4.What are the competitive advantages of leading players?.297.5.Which are the most significant recent events in the market?.307.6.What are the future strategies of leading players?.308
12、.Company Profiles328.1.Yamaha Motor Co Ltd.328.2.Honda Motor Co.,Ltd.388.3.Piaggio&C.S.p.A.448.4.Suzuki Motor Corporation.499.Macroeconomic Indicators549.1.Country data.54Appendix56Methodology.569.2.Industry associations.579.3.Related MarketLine research.57About MarketLine.58Motorcycles in Singapore
13、 Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|6LIST OF TABLESTable 1:Singapore motorcycles market value:$million,20162111Table 2:Singapore motorcycles market volume:thousand units,20162112Table 3:Singapore motorcycles market category segmentation:%
14、share,by volume,2016202113Table 4:Singapore motorcycles market category segmentation:thousand units,2016-202113Table 5:Singapore motorcycles market geography segmentation:$million,202115Table 6:Singapore motorcycles market value forecast:$million,20212616Table 7:Singapore motorcycles market volume f
15、orecast:thousand units,20212617Table 8:Singapore motorcycles market share:%share,by volume,202128Table 9:Yamaha Motor Co Ltd:key facts32Table 10:Yamaha Motor Co Ltd:Annual Financial Ratios33Table 11:Yamaha Motor Co Ltd:Key Employees34Table 12:Yamaha Motor Co Ltd:Key Employees Continued36Table 13:Yam
16、aha Motor Co Ltd:Key Employees Continued37Table 14:Honda Motor Co.,Ltd.:key facts38Table 15:Honda Motor Co.,Ltd.:Annual Financial Ratios40Table 16:Honda Motor Co.,Ltd.:Key Employees41Table 17:Honda Motor Co.,Ltd.:Key Employees Continued42Table 18:Honda Motor Co.,Ltd.:Key Employees Continued43Table 1
17、9:Piaggio&C.S.p.A.:key facts44Table 20:Piaggio&C.S.p.A.:Annual Financial Ratios46Table 21:Piaggio&C.S.p.A.:Key Employees47Table 22:Piaggio&C.S.p.A.:Key Employees Continued48Table 23:Suzuki Motor Corporation:key facts49Table 24:Suzuki Motor Corporation:Annual Financial Ratios51Table 25:Suzuki Motor C
18、orporation:Key Employees52Table 26:Suzuki Motor Corporation:Key Employees Continued53Table 27:Singapore size of population(million),20172154Motorcycles in Singapore Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|7Table 28:Singapore gdp(constant 2005
19、prices,$billion),20172154Table 29:Singapore gdp(current prices,$billion),20172154Table 30:Singapore inflation,20172154Table 31:Singapore consumer price index(absolute),20172155Table 32:Singapore exchange rate,20172155Motorcycles in Singapore Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PR
20、ODUCT AND IS NOT TO BE PHOTOCOPIEDPage|8LIST OF FIGURESFigure 1:Singapore motorcycles market value:$million,20162111Figure 2:Singapore motorcycles market volume:thousand units,20162112Figure 3:Singapore motorcycles market category segmentation:thousand units,2016-202114Figure 4:Singapore motorcycles
21、 market geography segmentation:%share,by value,202115Figure 5:Singapore motorcycles market value forecast:$million,20212616Figure 6:Singapore motorcycles market volume forecast:thousand units,20212617Figure 7:Forces driving competition in the motorcycles market in Singapore,202118Figure 8:Drivers of
22、 buyer power in the motorcycles market in Singapore,202119Figure 9:Drivers of supplier power in the motorcycles market in Singapore,202120Figure 10:Factors influencing the likelihood of new entrants in the motorcycles market in Singapore,202122Figure 11:Factors influencing the threat of substitutes
23、in the motorcycles market in Singapore,202124Figure 12:Drivers of degree of rivalry in the motorcycles market in Singapore,202126Figure 13:Singapore motorcycles market share:%share,by volume,202128Motorcycles in Singapore Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO
24、BE PHOTOCOPIEDPage|92.Market Overview2.1.Market definitionThe motorcycles market consists of all classes of on and offroad motorcycles including scooters and mopeds.Mopeds are powered twowheeler vehicles with engine capacity of less than 50 c.c.,generally also equipped for nonmotorised propulsion an
25、d with restricted maximum speed.For the purposes of this profile,all powered twowheelers other than mopeds are classed as motorcycles.(The term scooter refers to a twowheeler of any capacity that has its engine as part of the rear suspension,and/or has a stepthrough chassis,thus depending on its eng
26、ine capacity a scooter may fall into either moped or motorcycle category).Volumes reflect the number of new motorcycles sold each year.The market value is assessed at manufacturers list price.All market data and forecasts are represented in nominal terms(i.e.without adjustment for inflation)and all
27、currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.For the purposes of this report,the global market consists of North America,South America,Europe,AsiaPacific,Middle East,South Africa and Nigeria.North America consists of
28、Canada,Mexico,and the United States.South America comprises Argentina,Brazil,Chile,Colombia,and Peru.Europe comprises Austria,Belgium,the Czech Republic,Denmark,Finland,France,Germany,Greece,Ireland,Italy,Netherlands,Norway,Poland,Portugal,Russia,Spain,Sweden,Switzerland,Turkey,and the United Kingdo
29、m.Scandinavia comprises Denmark,Finland,Norway,and Sweden.AsiaPacific comprises Australia,China,Hong Kong,India,Indonesia,Kazakhstan,Japan,Malaysia,New Zealand,Pakistan,Philippines,Singapore,South Korea,Taiwan,Thailand,and Vietnam.Middle East comprises Egypt,Israel,Saudi Arabia,and United Arab Emira
30、tes.2.2.Market analysisThe value of the Singaporean motorcycles market declined by 25.8%in 2020 as a result of the COVID19 pandemic,which reduced the volume of sales,but 2021 saw a return to growth of 6.1%,although only a partial recovery.The market is projected to continue to bounce back in 2022 an
31、d beyond and remain on a strong growth trajectory for the rest of the forecast period.The Singaporean motorcycles market had total revenues of$47.2 million in 2021,representing a compound annual growth rate(CAGR)of 2.8%between 2016 and 2021.In comparison,the Australian market declined with a CAGR of
32、 3%,and the Japanese market increased with a CAGR of 3.3%,over the same period,to reach respective values of$588.3 million and$2.3 million in 2021.A combination of a demand and supply shock amid lockdown measures resulted in the sharp decline of the market in 2020.The volume of sales in the Singapor
33、ean market was down by 36.5%,a strong decline compared to other developed markets.Market consumption volume increased with a CAGR of 6.5%between 2016 and 2021,to reach a total of 11,500 units in 2021.The markets volume is expected to rise to 17,300 units by the end of 2026,representing a CAGR of 8.6
34、%over 202126.Motorcycles in Singapore Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|10There has been a steady demand for motorcycles in Singapore,though this has varied over the last five years.Much of this demand is driven by consumers requiring a
35、motorcycle for their business or commute as opposed to leisure.However,much of the growth relies on the economic circumstances in the country,along with the cost and availability of Certificates of Entitlement(COE).The performance of the Singaporean market is greatly dependent on the vehicle quota s
36、ystem and its limits on vehicle age,which leads to artificial booms of registrations and regulationprovoked sales,since the expiration of a certificate of entitlement forces deregistration and replacement of a vehicle.In fact,it is the value of a COE at expiration date,which is formed through an auc
37、tion bid and can reach a higher price than the value of the vehicle in some cases,on which an individual should choose whether to renew the license to continue using the vehicle or to deregister and scrap/export it.Moreover,the introduction of a progressive tax system in 2017,with higher tax rates o
38、n top tiers,has increased the cost of acquisition of premium motorcycles,inflating market values.This progressive tax system replaced the flat Additional Registration Fee(ARF)rate of 15%on the openmarket value(OMV),with a progressive three taxrate tier system;vehicles OMV under SGD5,000 are subject
39、to a 15%tax,the next SGD5,000 of value are subject to a 50%tax,while OMV above SGD10,000 is subject to a 100%tax rate.Motorcycles had the highest volume in the Singaporean motorcycles market in 2021,with a total of 8,700 units,equivalent to 75.7%of the markets overall volume.In comparison,mopeds had
40、 a volume of 2,800 units in 2021,equating to 24.3%of the market total.Nearly twothirds of motorcycles sold in this market are between 100 to 200cc due to the higher taxation and ownership cost of more expensive heavyweight motorcycles.The performance of the market is forecast to accelerate,with an a
41、nticipated CAGR of 9.4%over 202126,which is expected to drive the market to a value of$74.2 million by the end of 2026.Comparatively,the Australian and Japanese markets will grow with CAGRs of 10.7%and 8.7%respectively,over the same period,to reach respective values of$979.4 million and$3,530.7 mill
42、ion in 2026.The Singaporean motorcycles market is expected to continue its recovery from 2021,following the expected recovery of consumer spending.The gradual easing of containment measures and the immunization of the population will allow the recovery of economic activity,stimulating demand for tra
43、nsportation.Given this projection,the volumes of sales in the Singaporean motorcycles market is forecast to grow by 9.4%.Motorcycles in Singapore Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|113.Market Data3.1.Market valueThe Singaporean motorcycle
44、s market grew by 6.1%in 2021 to reach a value of$47.2 million.The compound annual growth rate of the market in the period 201621 was 2.8%.TableTable 1 1:SingaporeSingapore motorcyclesmotorcycles marketmarket value:value:$million,million,20162016 2121Year$millionSi$million million%Growth201641.255.43
45、4.9201748.064.540.616.4%201857.477.148.519.5%201960.080.750.74.6%202044.559.837.6(25.8%)202147.263.539.96.1%CAGR:2016212.8%SOURCE:SOURCE:MARKETLINE M A R K E T L I N EFigureFigure 1 1:SingaporeSingapore motorcyclesmotorcycles marketmarket value:value:$million,million,20162016 2121 SOURCE:SOURCE:MARK
46、ETLINE M A R K E T L I N EMotorcycles in Singapore Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIEDPage|123.2.Market volumeThe Singaporean motorcycles market grew by 7%in 2021 to reach a volume of 11.5 thousand units.The compound annual growth rate of the
47、market in the period 201621 was 6.5%.TableTable 2 2:SingaporeSingapore motorcyclesmotorcycles marketmarket volume:volume:thousandthousand units,units,20162016 2121Yearthousand units%Growth20168.420179.715.6%201811.519.0%201911.93.7%202010.7(10.2%)202111.57.0%CAGR:2016216.5%SOURCE:SOURCE:MARKETLINE M
48、 A R K E T L I N EFigureFigure 2 2:SingaporeSingapore motorcyclesmotorcycles marketmarket volume:volume:thousandthousand units,units,20162016 2121 SOURCE:SOURCE:MARKETLINE M A R K E T L I N EMotorcycles in Singapore Industry Profiles MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHO
49、TOCOPIEDPage|134.Market Segmentation4.1.Category segmentationMotorcycles is the largest segment of the motorcycles market in Singapore,accounting for 75.7%of the markets total volume.The Mopeds segment accounts for the remaining 24.3%of the market.TableTable 3 3:SingaporeSingapore motorcyclesmotorcy
50、cles marketmarket categorycategory segmentation:segmentation:%share,share,byby volume,volume,20162016 20212021Category201620172018201920202021Motorcycles99.6%99.6%99.6%99.6%77.0%75.7%Mopeds0.4%0.4%0.4%0.4%23.0%24.3%Total100%100%100%100%100%100%SOURCE:SOURCE:MARKETLINE M A R K E T L I N ETableTable 4