Summary

Retail value sales of premium and luxury cars rose by a significant 30% to a total of SGD5.2 billion in 2024, with wealthy consumers showcasing resilience in the face of macroeconomic challenges. Sales are heavily based on high consumer confidence amongst the wealthier demographic. Consequently, the number of individuals owning significant wealth considerably impacts sales, with over 800 ultra HNWIs, 26,300 HNWIs, and 247,600 affluent adults present in Singapore in 2024. Being significant and hi...

Euromonitor International's Premium and Luxury Cars in Singapore report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Premium and Luxury Cars market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

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Table of Contents

Premium and Luxury Cars in Singapore
Euromonitor International
October 2024

List Of Contents And Tables

PREMIUM AND LUXURY CARS IN SINGAPORE
KEY DATA FINDINGS
2024 DEVELOPMENTS
Double-digit growth as high-net-worth individuals invest in premium and luxury cars
New launches from top competitors drive growth on the premium and luxury car landscape
Electric cars gain ground and drive growth, aligning with consumer demand
PROSPECTS AND OPPORTUNITIES
Retail sales rise as electric vehicles continue to launch and drive growth
Technological advancements and personalised features drive ongoing growth
Online and offline channels engage consumers through unique benefits
CATEGORY DATA
Table 1 Sales of Premium and Luxury Cars: Value 2019-2024
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
LUXURY GOODS IN SINGAPORE
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2019-2024
Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources