Singapore Automobiles and Auto Parts Tenders

Singapore's auto scene is zooming ahead with a market size of US$13.18 billion in 2023. Buckle up for a CAGR of 2.36% over the next five years, fueled by rising demand for both cars and auto parts.

Singapore's government is a major player, pumping millions into automobiles and auto parts. In 2023, expect over US$1 billion in procurement, including vehicles for public transport, police, and military use.

From eco-friendly buses to high-tech police cars, the government prioritizes sustainable and innovative solutions. Auto parts procurement focuses on maintenance, repairs, and upgrades, ensuring a smooth ride for all government vehicles.

Several key authorities -
The Land Transport Authority (LTA) and the Singapore Police Force (SPF) are the chief mechanics, calling the shots on most automobile and auto parts purchases.

Local giants like ST Engineering and ComfortDelGro often clinch major deals, while established players like Toyota and Volvo bag contracts for specific vehicle types.

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