Philippines New Cars Market to 2027
Summary
New Cars in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 market for new cars consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles.
- The Philippines captured a share of 0.5% in the Asia-Pacific new cars market, in 2022.
- The Filipino new cars market had total revenues of $4.5 billion in 2022, representing a negative compound annual growth rate (CAGR) of 1.7% between 2017 and 2022.
- Market consumption volumes declined with a negative CAGR of 1.5% between 2017 and 2022, to reach a total of 260.6 thousand units in 2022.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in Philippines
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Philippines
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Philippines new cars market with five year forecasts by both value and volume
- What was the size of the Philippines new cars market by value in 2022?
- What will be the size of the Philippines new cars market in 2027?
- What factors are affecting the strength of competition in the Philippines new cars market?
- How has the market performed over the last five years?
- How large is Philippines’s new cars market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market share
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume 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. Market share
- 7.2. Who are the leading players?
- 7.3. What are the strengths of the leading players?
- 7.4. What strategies do the leading players follow?
- 8 Company Profiles
- 8.1. Toyota Motor Corporation
- 8.2. Renault–Nissan–Mitsubishi Alliance
- 8.3. Suzuki Motor Corporation
- 8.4. Honda Motor Co., Ltd.
- 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: Philippines new cars market value: $ billion, 2017–22
- Table 2: Philippines new cars market volume: units, 2017–22
- Table 3: Philippines new cars market geography segmentation: $ billion, 2022
- Table 4: Philippines new cars market value forecast: $ billion, 2022–27
- Table 5: Philippines new cars market volume forecast: units, 2022–27
- Table 6: Philippines new cars market share: % share, by volume, 2022
- Table 7: Toyota Motor Corporation: key facts
- Table 8: Toyota Motor Corporation: Annual Financial Ratios
- Table 9: Toyota Motor Corporation: Key Employees
- Table 10: Toyota Motor Corporation: Key Employees Continued
- Table 11: Renault–Nissan–Mitsubishi Alliance: key facts
- Table 12: Suzuki Motor Corporation: key facts
- Table 13: Suzuki Motor Corporation: Annual Financial Ratios
- Table 14: Suzuki Motor Corporation: Key Employees
- Table 15: Suzuki Motor Corporation: Key Employees Continued
- Table 16: Honda Motor Co., Ltd.: key facts
- Table 17: Honda Motor Co., Ltd.: Annual Financial Ratios
- Table 18: Honda Motor Co., Ltd.: Key Employees
- Table 19: Honda Motor Co., Ltd.: Key Employees Continued
- Table 20: Philippines size of population (million), 2018–22
- Table 21: Philippines gdp (constant 2005 prices, $ billion), 2018–22
- Table 22: Philippines gdp (current prices, $ billion), 2018–22
- Table 23: Philippines inflation, 2018–22
- Table 24: Philippines consumer price index (absolute), 2018–22
- Table 25: Philippines exchange rate, 2018–22
- List of Figures
- Figure 1: Philippines new cars market value: $ billion, 2017–22
- Figure 2: Philippines new cars market volume: units, 2017–22
- Figure 3: Philippines new cars market geography segmentation: % share, by value, 2022
- Figure 4: Philippines new cars market value forecast: $ billion, 2022–27
- Figure 5: Philippines new cars market volume forecast: units, 2022–27
- Figure 6: Forces driving competition in the new cars market in Philippines, 2022
- Figure 7: Drivers of buyer power in the new cars market in Philippines, 2022
- Figure 8: Drivers of supplier power in the new cars market in Philippines, 2022
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in Philippines, 2022
- Figure 10: Factors influencing the threat of substitutes in the new cars market in Philippines, 2022
- Figure 11: Drivers of degree of rivalry in the new cars market in Philippines, 2022
- Figure 12: Philippines new cars market share: % share, by volume, 2022
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