Philippines Car Rental Market Outlook to 2027

Philippines Car Rental Market Outlook to 2027


The report provides a comprehensive analysis of the potential of the Car Rental industry in Philippines. The report covers an overview and genesis of the industry, and market size in terms of revenue and fleet size.

we are covering five markets in this report – Car Rental, Car Leasing, Ride Sharing, Ride Hailing and Self Drive markets; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Philippines Car Rental Market – which is at $~293.0 Mn in 2022 – is forecasted to grow further into a $ ~ 448.7 Mn by 2027, owing to the expansion of the tourism industry, the increase in internet penetration and adoption of smart phones in the country.

Leisure travel is estimated to continue being the highest revenue generating segment with the increase in tourism across the country.

Tourists and Corporate Clients are majority of the customers of the market.

Players are looking to expand their fleet size to premium cars to offer comfort and luxury to customers.

Key Trends by Market Segment:

By Type of Booking: In the last few years, the mode of booking for car rental services has shifted to online platforms with 60% bookings being made online. This can be attributed to the increasing internet penetration and familiarity of online bookings across the country.

By Type of Car: Medium sized cars are the most preferable type of cars by people as it is comfortable and affordable. It is also convenient for tourists as they have luggage to carry as well.

Competitive Landscape

The Philippines Car Rental Market is highly fragmented with multiple players competing on the basis of fleet size, rental fee charged and quality of vehicles among others. Avis, one of the oldest companies in this market, has managed to remain the market leader with the highest market share of 4.60%.Philippines Car Leasing Market is consolidated with Orix capturing 75% of the leasing market in Philippines. Other players include Hertz, Diamond Rent-a-Car and ECLPI among others.

Philippines Ride Hailing Market is highly consolidated with Grab capturing 93% of the hailing market in Philippines. With the acquisition of Uber by Grab in Philippines in 2018, Grab has captured the ride hailing market, leaving very less for the remaining players. Other players include Joyride app and others.

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1. Executive Summary
Executive Summary: Philippines Car Rental Market
Executive Summary: Philippines Car Leasing Market
Executive Summary: Philippines Ride Hailing Market
Executive Summary: Philippines Ride Sharing Market
Executive Summary: Philippines Self-Drive Car Rental Market
2. Country Overview of Philippines
Socio-Demographic Outlook of Philippines
Economic Landscape and Internet Penetration of Philippines
3. Philippines Overall Car Rental Market Overview
Ecosystem of Philippines Car Rental Market
4. Philippines Overall Car Rental Market Industry Analysis Overview
Trends and Developments
SWOT Analysis
Regulatory Landscape
5. Philippines Car Rental Market
Market Size on the basis of Revenue and Volume of Fleet Size, 2017-2022
Market Segmentation by Type of Booking
Market Segmentation by Type of Car
Market Segmentation by Purpose
Industry Analysis: Issues and Challenges
Industry Analysis: Impact of Covid’19
Competitive Landscape: Market Share of Companies
Competitive Landscape: Gartner’s Magic
Competitive Landscape: Cross Comparison
Competitive Landscape: Strength and Weakness of Major Players
Future Outlook: Market Size by Revenue and Volume of Fleet Size, 2022-2027
Future Outlook: Market Segmentation by Type of Car
Future Outlook: Market Segmentation by Purpose
Future Outlook: Market Segmentation by Type of Booking
6. Philippines Car Leasing Market
Market Segmentation by Type of Time Duration
Market Segmentation by Type of Car
Market Segmentation by Type of End User
Competitive Landscape: Market Share of Companies
Competitive Landscape: Gartner’s Magic
Competitive Landscape: Cross Comparison
Competitive Landscape: Strength and Weakness of Major Players
Future Outlook: Market Size by Revenue and Volume of Fleet Size, 2022-2027
Future Outlook: Market Segmentation by Type of Region
Future Outlook: Market Segmentation by Time Duration
Future Outlook: Market Segmentation by Type Car
Future Outlook: Market Segmentation by Type of End-User
7. Philippines Ride Hailing Market
Market Segmentation by Type of Region
Industry Analysis: Growth Drivers
Industry Analysis: Issues and Challenges
Industry Analysis: Regulatory Landscape
Competitive Landscape: Market Share of Companies
Competitive Landscape: Cross Comparison
Competitive Landscape: Strength and Weakness of Major Players
Future Outlook: Market Size by Revenue and Volume of Fleet Size, 2022-2027
Future Outlook: Market Segmentation by Type of Region
8. Philippines Ride Sharing Market
Market Segmentation by Point of Service
Market Segmentation by Type of Car
Market Segmentation by Type of Distance
Industry Analysis: Growth Drivers
Industry Analysis: Issues and Challenges
Industry Analysis: Regulatory Landscape
Industry Analysis: Impact of Covid’19
Competitive Landscape: Market Share of Companies
Competitive Landscape: Cross Comparison
Future Outlook: Market Size by Revenue and Volume of Fleet Size, 2022-2027
Future Outlook: Market Segmentation by Point of Service
Future Outlook: Market Segmentation by Type of Distance
Future Outlook: Market Segmentation by Type of Car
9. Philippines Self-Drive Car Rental Market
Market Segmentation by Type of Region
Market Segmentation by Type of Booking Channel
Market Segmentation by Type of Usage
Market Segmentation by Time Period
Market Segmentation by Type of Car
Market Segmentation by Type of Booking Period
Market Segmentation by Type of Car Segmentation
Market Segmentation by Status Ownership
Market Segmentation by Point of Service
Industry Analysis: Issues and Challenges
Industry Analysis: Impact of Covid’19
Competitive Landscape: Market Share of Companies
Competitive Landscape: Gartner’s Magic
Competitive Landscape: Cross Comparison
Future Outlook: Market Size by Revenue and Volume of Fleet Size, 2022-2027
Future Outlook: Market Segmentation by Type of Region
Future Outlook: Market Segmentation by Type of Booking Channel
Future Outlook: Market Segmentation by Type of Usage
Future Outlook: Market Segmentation by Time Period
Future Outlook: Market Segmentation by Type of Car
Future Outlook: Market Segmentation by Type of Booking Period
Future Outlook: Market Segmentation by Type of Car Segmentation
Future Outlook: Market Segmentation by Status Ownership
Future Outlook: Market Segmentation by Point of Service
10. Case Study
Case Study of Zoomcar
11. Analyst Recommendations
12. Industry speaks
Interview with Senior Fleet Sales Specialist, Toyota Mobility Solutions
Interview with Ex Transport Operations Consultant, Grab
Interview with APAC Regional Sales Manager of a leading car rental company
13. Research Methodology
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