New Cars in Philippines industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
- The Filipino new cars market recorded revenues of $6.2 billion in 2024, representing a compound annual growth rate (CAGR) of 3.3% between 2019 and 2024.
- Market consumption volume increased with a CAGR of 3.7% between 2019 and 2024, reaching a total of 348,023.0 units in 2024.
- In 2024, the volume of the Philippines' new cars market grew by 9.9% annually, fueled by increased real GDP growth. According to the World Bank, in 2024, the real GDP growth in Malaysia grew by 5.6% annually.
Report Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, 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
Reasons to Buy
- What was the size of the Philippines new cars market by value in 2024?
- What will be the size of the Philippines new cars market in 2029?
- What factors are affecting the strength of competition in the Philippines new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Philippines's new cars market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Renault-Nissan-Mitsubishi Alliance
- Honda Motor Co Ltd
- Suzuki Motor Corp
- Toyota Motor Corp
