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Country Report

Luxury Cars in

Luxury Cars in the Philippines

13 pages, Feb 2018

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

PROSPECTS

Further growth spurred by flexible loan services and increasing incomes

The review period witnessed a surge in sales of luxury cars as the size of the target audience also grew. Ride-sharing services such as Uber and Grab encouraged growth of purchase in mass and premium brands which eventually, pushed for higher-end consumers, to purchase more defining brands of cars.

Increasing taxes for luxury cars over the forecast period is a concern for consumers

One condition that the new government has addressed is trying to lower taxes for the lower-income segment of the country. At the end of the review period, the population which earned PHP20,000 had to pay 32% taxes, which affected a huge proportion of the population.

Increasing consumer base through the participation of younger consumers

In 2017, luxury cars represented a great investment for younger affluent consumers. This reflects the increasing lifestyle of consumers as higher disposable incomes influence both families and individuals.

COMPETITIVE LANDSCAPE

Affordable luxury brands surge in sales as demand from young consumers increases

The increasing incomes of young professionals have been a huge trend in the Philippines. This has improved multiple industries across the review period but has greatly affected luxury cars in particular.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Files are delivered directly into your account within a few minutes of purchase.

Overview

Discover the latest market trends and uncover sources of future market growth for the Luxury Cars industry in Philippines with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Luxury Cars industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

The Luxury Cars in Philippines market research report includes:

Analysis of key supply-side and demand trends
Detailed segmentation of international and local products
Historic volumes and values, company and brand market shares
Five year forecasts of market trends and market growth
Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

What is the market size of Luxury Cars in Philippines?
What are the major brands in Philippines?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our

Luxury Goods market research database.

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Luxury Cars in the Philippines - Category analysis

HEADLINES

PROSPECTS

Further growth spurred by flexible loan services and increasing incomes

Increasing taxes for luxury cars over the forecast period is a concern for consumers

Increasing consumer base through the participation of younger consumers

COMPETITIVE LANDSCAPE

Affordable luxury brands surge in sales as demand from young consumers increases

CATEGORY DATA

Table 1 Sales of Luxury Cars: Value 2012-2017
Table 2 Sales of Luxury Cars: % Value Growth 2012-2017
Table 3 NBO Company Shares of Luxury Cars: % Value 2012-2016
Table 4 LBN Brand Shares of Luxury Cars: % Value 2013-2016
Table 5 Forecast Sales of Luxury Cars: Value 2017-2022
Table 6 Forecast Sales of Luxury Cars: % Value Growth 2017-2022

Luxury Goods in the Philippines - Industry Overview

EXECUTIVE SUMMARY

Luxury goods remains stable despite current threats to growth

Millennials and mid-income consumers boost sales for luxury goods

Tight competition remains factor in highly fragmented landscape

Expansion of physical and online retailing boosts total luxury goods yet challenges individual brands

Robust forecast period could face threats to growth in the longer term

MARKET INDICATOR

Table 7 Number of High Net Worth Individuals (HNWI): 2012-2017

MARKET DATA

Table 8 Sales of Luxury Goods by Category: Value 2012-2017
Table 9 Sales of Luxury Goods by Category: % Value Growth 2012-2017
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2013-2017
Table 11 NBO Company Shares of Luxury Goods: % Value 2012-2016
Table 12 LBN Brand Shares of Luxury Goods: % Value 2013-2016
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2017
Table 14 Forecast Sales of Luxury Goods by Category: Value 2017-2022
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2017-2022

Megatrends

Country Report

Luxury Cars in the Philippines

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Executive Summary

New Report Guarantee

PROSPECTS

Further growth spurred by flexible loan services and increasing incomes

Increasing taxes for luxury cars over the forecast period is a concern for consumers

Increasing consumer base through the participation of younger consumers

COMPETITIVE LANDSCAPE

Affordable luxury brands surge in sales as demand from young consumers increases

Overview

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Overview

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Table of Contents

Luxury Cars in the Philippines - Category analysis

HEADLINES

PROSPECTS

Further growth spurred by flexible loan services and increasing incomes

Increasing taxes for luxury cars over the forecast period is a concern for consumers

Increasing consumer base through the participation of younger consumers

COMPETITIVE LANDSCAPE

Affordable luxury brands surge in sales as demand from young consumers increases

CATEGORY DATA

Luxury Goods in the Philippines - Industry Overview

EXECUTIVE SUMMARY

Luxury goods remains stable despite current threats to growth

Millennials and mid-income consumers boost sales for luxury goods

Tight competition remains factor in highly fragmented landscape

Expansion of physical and online retailing boosts total luxury goods yet challenges individual brands

Robust forecast period could face threats to growth in the longer term

MARKET INDICATOR

MARKET DATA

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