Automotive Market in Singapore
The automotive market in Singapore is poised for significant growth, driven by different factors, including the rising demand for economical and low-pollution vehicles, which are all pushing technology forward and reshaping this dynamic market.
Popular Car Brands
In a diverse auto market like Singapore’s, consumer preferences vary. However, Toyota appears to be the market leader in this country because of the full lineup of cars it provides. Whether medium-sized or larger vehicles, consumers can find an affordable one to match their needs. The second most popular brand is Mercedes Benz, followed by BMW as the third.
Auto Shows in Singapore
There are quite a few notable auto shows in Singapore, some of them include:
Singapore Motorshow: The largest and most iconic annual motoring event in the country. This event is organized by the Motor Traders Association of Singapore (MTA). It always has high attendance, and it is a perfect show for motoring enthusiasts.
The Car Expo: It is considered the biggest car show in Singapore.
Formula 1 Singapore Grand Prix: A significant event in the sector, although it is not strictly an auto show.
The Singaporean automotive market will witness a rising tide as technology advances and consumers’ preferences change. It is expected to expand at a Compound Annual Growth Rate (CAGR) of 6.03% from 2022 to 2027, with an increase of 18,191 actual units in the market size.
As such, the industry in this country holds a promising future. Why wait to follow the trend later? Be a change and lead as the market evolves. You can start by making a bold statement with a unique vinyl wrap film. Contact our regional distributor today and learn more.