Table of Content

Premium and Luxury Cars in Singapore
Euromonitor International
February 2020

List OF CONTENTS AND TABLES

HEADLINES
PROSPECTS
Reduced supply of Certificates of Entitlement impacts demand for upmarket cars
Electric cars have to overcome consumer concerns regarding the technology’s limitations
Further developments needed before Tesla officially enters Singaporean car market
COMPETITIVE LANDSCAPE
Mercedes-Benz A-Class sedan launch boosts Daimler South East Asia’s value share
Premium Automobiles maintains growth as Audi on Demand service stimulates consumer interest
BMW could benefit from first-player advantage in electric car segment
CATEGORY DATA
Table 1 Sales of Premium and Luxury Cars: Value 2014-2019
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2014-2019
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2014-2018
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2015-2018
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2019-2024
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2019-2024
EXECUTIVE SUMMARY
Foreign visitors important across the market, lifestyle factors also influential
Promotional activities raise awareness of Singapore as tourist destination
Singapore’s diversity offers opportunity to test beauty and personal care products, tech developments set to boost experiential luxury
Online sales gain share, but bricks and mortar remains important
Coronavirus impact uncertain, players may have to consider strategy changes as lifestyle and environmental factors remain important
MARKET INDICATORS
Table 7 Number of High Net Worth Individuals (HNWI): 2014-2019
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2014-2019
Table 9 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 11 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 12 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 14 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024
SOURCES
Summary 1 Research Sources