Premium and Luxury Cars in the Philippines

Abstract
Following the significant declines in sales of premium and luxury cars in the Philippines in 2020 in line with pandemic-induced restrictions such as enforced closures of dealerships, some easing of various measures in 2021 resulted in a more positive performance for the category, although overall demand remained well below pre-pandemic levels. While volume and value sales figures are still struggling to fully recover in 2022, a second consecutive year of double-digit growth is bringing overall d...

Euromonitor International's Premium and Luxury Cars in Philippines report offers a comprehensive guide to the size and shape of the Premium and Luxury Cars market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Premium and Luxury Cars retailing along with the development of consumers’ shopping patterns. Forecasts to 2026 illustrate how the market is set to change

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?
* Get a detailed picture of the Premium and Luxury Cars market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.

Content
Premium and Luxury Cars in the Philippines

List Of Contents And Tables

PREMIUM AND LUXURY CARS IN THE PHILIPPINES
KEY DATA FINDINGS
2022 DEVELOPMENTS
Normalisation and back-to-work activities support growth of premium and luxury cars
Manufacturers provide support for higher-end vehicles
Growing demand for electric vehicles
PROSPECTS AND OPPORTUNITIES
Greater incentives by government to help spur growth
Continuing focus on personalisation
Growth of ultra-high-net-worth individuals to support demand for premium and luxury cars but discounts will prevail
CATEGORY DATA
Table 1 Sales of Premium and Luxury Cars: Value 2017-2022
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2017-2022
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2017-2021
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2018-2021
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2022-2027
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2022-2027
LUXURY GOODS IN THE PHILIPPINES
EXECUTIVE SUMMARY
Luxury goods in 2022: The big picture
2022 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2017-2022
Table 8 Sales of Luxury Goods by Category: % Value Growth 2017-2022
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2017-2022
Table 10 NBO Company Shares of Luxury Goods: % Value 2017-2021
Table 11 LBN Brand Shares of Luxury Goods: % Value 2018-2021
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2022
Table 13 Forecast Sales of Luxury Goods by Category: Value 2022-2027
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2022-2027
DISCLAIMER
SOURCES
Summary 1 Research Sources