The Singapore Two-Wheeler Tire Market size is estimated to grow at a CAGR of around 2.1% during the forecast period, i.e., 2024-30.
Singapore Two-Wheeler Tire Market Driver:
Rising Adoption of Electric Two-Wheelers – Singapore is actively promoting sustainability and reducing carbon emissions. Electric two-wheelers offer a cleaner alternative to traditional petrol-powered vehicles, aligning with the city-state’s efforts to combat air pollution and mitigate climate change. Further, the Singaporean government has introduced various incentives to encourage the adoption of electric vehicles, including electric two-wheelers. These incentives include tax rebates, grants, and subsidies for purchasing electric vehicles, making them more affordable for consumers. For instance:
- In 2023, the Electric Vehicle (EV) early adoption incentive was extended by two years to 2025 by the Land Transport Authority (LTA) and the National Environment Agency (NEA)
The increased support from the government has fuelled the adoption of electric two-wheelers across the country, contributing to the growth of the Singapore two-wheeler tire market of Singapore in recent years.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Singapore Two-Wheeler Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Vehicle Type
- Scooter & Moped- Market Size & Forecast 2019-2030, Thousand Units
- Motorcycle- Market Size & Forecast 2019-2030, Thousand Units
- By Demand Type
- OEMs- Market Size & Forecast 2019-2030, Thousand Units
- Replacement- Market Size & Forecast 2019-2030, Thousand Units
- By Tire Type
- Radial- Market Size & Forecast 2019-2030, Thousand Units
- Bias- Market Size & Forecast 2019-2030, Thousand Units
- By Price Category
- Budget (Up to USD 11 Per Unit)- Market Size & Forecast 2019-2030, Thousand Units
- Economy (USD 12 to 30 Per unit)- Market Size & Forecast 2019-2030, Thousand Units
- Premium (Above USD 30 Per Unit)-Market Size & Forecast 2019-2030, Thousand Units
- By Sales Channel
- Online- Market Size & Forecast 2019-2030, Thousand Units
- Multi-brand Stores – Market Size & Forecast 2019-2030, Thousand Units
- Exclusive Stores – Market Size & Forecast 2019-2030, Thousand Units
- By Tire Size
- 100/90-14- Market Size & Forecast 2019-2030, Thousand Units
- 180/55-17- Market Size & Forecast 2019-2030, Thousand Units
- 120/70-17- Market Size & Forecast 2019-2030, Thousand Units
- 2.75-18 – Market Size & Forecast 2019-2030, Thousand Units
- Others (80/90-16, 190/55-17, etc.) – Market Size & Forecast 2019-2030, Thousand Units
- By Region
- North
- Central
- South
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Bridgestone Corporation, Goodyear Tire and Rubber Company, Michelin, Continental AG, Yokohama TWS (Mitas), Pirelli Tyre S.p.A, Metzeler, Shinko Tyres, Kenda Tyres, and Others
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