Summary
Government Spending in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other.
- The Singaporean government spending sector had a total expenditure of $77.6 billion in 2022, representing a compound annual growth rate (CAGR) of 7.8% between 2017 and 2022.
- The healthcare segment accounted for the sector's largest proportion in 2022, with a total expenditure of $12.5 billion, equivalent to 16.1% of the sector's overall value.
- Government spending across sectors is primarily driven by demographic trends, economic conditions, security considerations, public sentiment, and technological advancements. Demographics, including population size and age distribution, shape the need for investments in healthcare, education, and pensions. For instance, according to GlobalData, the total population of Singapore increased by 3.4% in 2022 from the previous year.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in Singapore
- Leading company profiles reveal details of key government spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore government spending market with five year forecasts
Reasons to Buy
- What was the size of the Singapore government spending market by value in 2022?
- What will be the size of the Singapore government spending market in 2027?
- What factors are affecting the strength of competition in the Singapore government spending market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore's government spending market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do leading players follow?
7.3. What have been the most recent market developments?
8 Company Profiles
8.1. Singapore Technologies Engineering Ltd
8.2. Hyundai Engineering & Construction Co Ltd
8.3. SMRT Corp Ltd
8.4. Public Utilities Board
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Singapore government spending sector value: $ billion, 2017–22
Table 2: Singapore government spending sector category segmentation: % share, by value, 2017–2022
Table 3: Singapore government spending sector category segmentation: $ billion, 2017-2022
Table 4: Singapore government spending sector geography segmentation: $ billion, 2022
Table 5: Singapore government spending sector value forecast: $ billion, 2022–27
Table 6: Singapore Technologies Engineering Ltd: key facts
Table 7: Singapore Technologies Engineering Ltd: Annual Financial Ratios
Table 8: Singapore Technologies Engineering Ltd: Key Employees
Table 9: Hyundai Engineering & Construction Co Ltd: key facts
Table 10: Hyundai Engineering & Construction Co Ltd: Annual Financial Ratios
Table 11: Hyundai Engineering & Construction Co Ltd: Key Employees
Table 12: SMRT Corp Ltd: key facts
Table 13: SMRT Corp Ltd: Key Employees
Table 14: SMRT Corp Ltd: Key Employees Continued
Table 15: Public Utilities Board: key facts
Table 16: Public Utilities Board: Key Employees
Table 17: Singapore size of population (million), 2018–22
Table 18: Singapore gdp (constant 2005 prices, $ billion), 2018–22
Table 19: Singapore gdp (current prices, $ billion), 2018–22
Table 20: Singapore inflation, 2018–22
Table 21: Singapore consumer price index (absolute), 2018–22
Table 22: Singapore exchange rate, 2018–22
List of Figures
Figure 1: Singapore government spending sector value: $ billion, 2017–22
Figure 2: Singapore government spending sector category segmentation: $ billion, 2017-2022
Figure 3: Singapore government spending sector geography segmentation: % share, by value, 2022
Figure 4: Singapore government spending sector value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the government spending sector in Singapore, 2022
Figure 6: Drivers of buyer power in the government spending sector in Singapore, 2022
Figure 7: Drivers of supplier power in the government spending sector in Singapore, 2022
Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in Singapore, 2022
Figure 9: Factors influencing the threat of substitutes in the government spending sector in Singapore, 2022
Figure 10: Drivers of degree of rivalry in the government spending sector in Singapore, 2022
