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Philippines Tyre Market Forecast and Opportunities, 2020

  • May 2015
  • -
  • TechSci Research
  • -
  • 117 pages

Philippines is one of the fast growing economies in the ASEAN region. The National Capital Region (NCR), Southern Tagalog, Central Luzon and Central Visayas are some of the most commercialized and urbanized areas in the country, and a major portion of the demand for tyres emanates from these geographies. Though the Philippines is one of the major producers of rubber, globally, the country imports tyres from Japan, US, South Korea, China and few other Asian countries. Attractive incentive schemes for OEMs, growing infrastructure developments and favorable trading environment are propelling growth in the country’s automobile as well as tyre market. Implementation of Motor Vehicle Development Program (MVDP) in 2012 has offered lucrative opportunities for various OEMs to invest in the country. Moreover, growing concentration of automobile manufacturers in the country is expected to boost demand for tyres from the OEM segment over the next five years. Additionally, as sales of automobiles continue to increase, demand for tyres from the replacement market is also expected to surge in the ensuing years.

According to “Philippines Tyre Market Forecast & Opportunities, 2020”, the Philippines tyre market is forecast to reach USD970 million by 2020. Presently, a major share of the demand for tyres including passenger car tyres, commercial vehicle tyres and two-wheeler tyres is met by imports, as there is only one tyre manufacturing facility in the country. Increase in the number of OEMs, rising disposable income and introduction of new vehicle models in the domestic market are the major factors driving the automobile market in the Philippines, which is boosting the country’s tyre market. Though high disposable income levels have fueled robust growth in sales of passenger cars, two-wheelers continue to be the preferred mode of transport for majority of the country’s population. Consequently, two-wheeler tyre segment is forecast to continue its domination in the Philippines tyre market through 2020. “Philippines Tyre Market Forecast and Opportunities, 2020” discusses the following aspects:

• Philippines Tyre Market Size, Share & Forecast
• Segmental Analysis – Passenger Car Tyres, Commercial Vehicle Tyres & Two-Wheeler Tyres
• Policy and Regulatory Environment
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

• To gain an in-depth understanding of tyre market in Philippines
• To identify the on-going trends and segment wise anticipated growth in the coming years
• To help industry consultants, tyre companies and other stakeholders align their market-centric strategies
• To obtain research based business decisions and add weight to presentations and marketing material
• To gain competitive knowledge of leading players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tyre companies and retailers. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table Of Contents

Philippines Tyre Market Forecast and Opportunities, 2020
1. Research Methodology
2. Product Overview
3. Analyst View
4. Philippines Tyre Market Outlook
4.1. Market Size and Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share and Forecast
4.2.1. By Vehicle Type
4.2.2. By Company
4.2.3. By Region
5. Philippines Replacement Tyre Market Outlook
5.1. Market Size and Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share and Forecast
5.2.1. By Vehicle Type
6. Philippines Passenger Car Tyre Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share and Forecast
6.2.1. By Category
6.2.2. By Vehicle Type
7. Philippines Commercial Vehicle Tyre Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share and Forecast
7.2.1. By Category
7.2.2. By Vehicle Type
8. Philippines Two-Wheeler Tyre Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value
8.1.2. By Volume
8.2. Market Share and Forecast
8.2.1. By Category
8.2.2. By Vehicle Type
9. Raw Material Analysis
10. Trade Analysis
10.1. By Export
10.2. By Import
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Policy and Regulatory Landscape
13. Market Trends and Developments
13.1. Growing Automobile Sector
13.2. Increasing Demand for Retread Tyres
13.3. Growth in Rubber Production
13.4. Implementation of Favorable Government Initiatives
13.5. Increasing Penetration of Chinese Tyres
14. Philippines Economic Profile
15. Competitive Landscape
15.1. Bridgestone Tyre
15.2. Goodyear Philippines
15.3. Yokohama Tyre Philippines Inc.
15.4. Michelin Asia (Singapore) Co. Pte. Ltd.
15.5. Toyo Tires Philippines
15.6. Kumho Tires
15.7. Maxxis Tires Philippines
15.8. Westlake Tires
15.9. Federal Tires
15.10. Southern Rubber Industry JSC (Casumina)
16. Strategic Recommendations

List of Figures

Figure 1: Philippines Tyre Market Size, By Value, 2010-2014 (USD Million)
Figure 2:Philippines Tyre Market Size, By Value, 2015E-2020F (USD Million)
Figure 3:Philippines Tyre Market Size, By Volume, 2010-2014 (Million Units)
Figure 4:Philippines Tyre Market Size, By Volume, 2015E-2020F (Million Units)
Figure 5:Philippines Tyre Market Share, By Vehicle Type, By Volume, 2014
Figure 6:Philippines Tyre Market Share, By Vehicle Type, By Volume, 2020F
Figure 7:Philippines Tyre Market Share, By Company, By Volume, 2014
Figure 8:Philippines Tyre Market Share, By Company, By Volume, 2020F
Figure 9:Philippines Tyre Market Share, By Region, By Volume, 2014 and 2020F
Figure 10:Philippines Replacement Tyre Market Size, By Value, 2010-2014 (USD Million)
Figure 11:Philippines Replacement Tyre Market Size, By Value, 2015E-2020F (USD Million)
Figure 12:Philippines Replacement Tyre Market Size, By Volume, 2010-2014 (Million Units)
Figure 13:Philippines Replacement Tyre Market Size, By Volume, 2015E-2020F (Million Units)
Figure 14:Philippines Replacement Tyre Market Share, By Vehicle Type, By Volume, 2014
Figure 15:Philippines Replacement Tyre Market Share, By Vehicle Type, By Volume, 2020F
Figure 16:Philippines Passenger Car Tyre Market Size, By Value, 2010-2014 (USD Million)
Figure 17:Philippines Passenger Car Tyre Market Size, By Value, 2015E-2020F (USD Billion)
Figure 18:Philippines Passenger Car Tyre Market Size, By Volume, 2010-2014 (Million Units)
Figure 19:Philippines Passenger Car Tyre Market Size, By Volume, 2015E-2020F (Million Units)
Figure 20:Philippines Passenger Car Tyre Market Share, By Category, By Volume, 2014
Figure 21:Philippines Passenger Car Tyre Market Share, By Category, By Volume, 2020F
Figure 22:Philippines Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2014
Figure 23: Philippines Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2020F
Figure 24:Philippines Per Capita Income, 2010-2014 (USD)
Figure 25:Philippines Commercial Vehicle Tyre Market Size, By Value, 2010-2014 (USD Million)
Figure 26:Philippines Commercial Vehicle Tyre Market Size, By Value, 2015E-2020F (USD Million)
Figure 27:Philippines Commercial Vehicle Tyre Market Size, By Volume, 2010-2014 (Million Units)
Figure 28:Philippines Commercial Vehicle Tyre Market Size, By Volume, 2015E-2020F (Million Units)
Figure 29: Philippines Commercial Vehicle Tyre Market Share, By Category, By Volume, 2014
Figure 30: Philippines Commercial Vehicle Tyre Market Share, By Category, By Volume, 2020F
Figure 31:Philippines Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2014
Figure 32:Philippines Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2020F
Figure 33:Philippines Two-Wheeler Tyre Market Size, By Value, 2010-2014 (USD Million)
Figure 34:Philippines Two-Wheeler Tyre Market Size, By Value, 2015E-2020F(USD Million)
Figure 35:Philippines Two-Wheeler Tyre Market Size, By Volume, 2010-2014 (Million Units)
Figure 36:Philippines Two-Wheeler Tyre Market Size, By Volume, 2015E-2020F (Million Units)
Figure 37:Philippines Two-Wheeler Tyre Market Share, By Category, By Volume, 2014
Figure 38:Philippines Two-Wheeler Tyre Market Share, By Category, By Volume, 2020F
Figure 39:Philippines Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2014
Figure 40:Philippines Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2020F
Figure 41:Natural Rubber Production, By Country, By Volume, 2014
Figure 42: Global Rubber Production, By Volume, 2014E (Million Tons)
Figure 43:Philippines Passenger Car Tyre Exports, By Value, 2010-14 (USD Million)
Figure 44:Philippines Commercial Vehicle Tyre Exports, By Value, 2010-14 (USD Million)
Figure 45:Philippines Two-Wheeler Tyre Exports, By Value, 2010-14 (USD Million)
Figure 46:Philippines OTR Tyre Exports, By Value, 2010-14 (USD Million)
Figure 47:Philippines Tyre Exports Share, By Vehicle Type, By Volume, 2010
Figure 48:Philippines Tyre Exports Share, By Vehicle Type, By Volume, 2014
Figure 49:Philippines Passenger Car Tyre Imports, By Value, 2010-14 (USD Million)
Figure 50:Philippines Commercial Vehicle Tyre Imports, By Value, 2010-14 (USD Million)
Figure 51:Philippines Two-Wheeler Tyre Imports, By Value, 2010-14 (USD Million)
Figure 52:Philippines OTR Tyre Imports, By Values, 2010-14 (USD Million)
Figure 53:Philippines Tyre Imports Share, By Vehicle Type, By Volume, 2010
Figure 54:Philippines Tyre Imports Share, By Vehicle Type, By Volume, 2014

List of Tables

Table 1: Philippines Tyre WASP in Replacement Tyre Market, By Segment, 2014 and 2020F (USD)
Table 2: Top Commercial Vehicle Brands in Philippines, 2014
Table 3: Top Passenger Car Brands in Philippines, 2014
Table 4: Philippines Passenger Car Production and Sales Volume, 2010-2014 (‘000 units)
Table 5: Ongoing Infrastructure Projects Under High Standard Highway (HSH)
Table 6: NEDA Board Approved Infrastructure Projects Under High Standard Highway (HSH)
Table 7: Proposed Infrastructure Projects Under High Standard Highway (HSH)
Table 8: Infrastructure Projects Under National Roads Improvement and Management Program
Table 9: Infrastructure Projects Under Road Upgrading and Preservation Project
Table 10:Projects Under Master Plan for Flood Management
Table 11: Philippines Commercial Vehicle Production and Sales Volume, 2010-2014 (‘000 units)
Table 12: Philippines Two-Wheeler Production and Sales Volume, 2010-2014 (‘000 units)
Table 13: Trade Agreements (In Effect)
Table 14: Trade Agreements (Under Negotiation)

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