According to Organic Market Research, Singapore Tire Market Share was USD 1.18 billion in 2023 and the market is projected to reach roughly USD 1.7 billion by 2032, at a CAGR of 4.2% during the forecast period. The market is expected to grow steadily driven by technological advancements in tire manufacturing, a focus on EV-compatible tires, and the rise of sustainable tire solutions. Local and global players are likely to enhance their market presence through innovative offerings and strategic partnerships with automotive companies.
The Singapore Tire Market Size has been witnessing steady growth due to the country’s robust automotive industry, which is driven by increasing vehicle ownership and a well-developed transportation infrastructure. The market includes various segments such as passenger car tires, commercial vehicle tires, and specialty tires for construction and industrial vehicles.
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Market Segmentation
By Design
- Radial
- Bias
By End-Use
- OEM
- Replacement
By Vehicle Type
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Two Wheelers
- Three Wheelers
- Off-The-Road (OTR)
By Distribution Channel
- Specialty stores
- Online retail
- Others
Customization Scope
- Available upon request
Pricing
- Available upon request
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Key Players in the Market
The major players in the market are Bridgestone Asia Pacific Pte Ltd, Continental Automotive Singapore Pte Ltd, Goodyear Singapore Pte Ltd, JK Tyre & Industries Limited, Kumho Tire Singapore Pte Ltd, Hankook Tire Singapore Pte Ltd, Pirelli Asia Pte Ltd, Yokohama Tire (Singapore) Pte Ltd, Michelin Asia-Pacific Pte Ltd, Toyo Tire Asia Co Ltd.
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