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The Philippines Automotive Industry Outlook 2022 - 2026

See how the Philippines Automotive performed compared to key markets.

Key Market Indicators

Vehicle registration in the Philippines is projected to reach 371,210 units by 2026. This is a 1.6% year-on-year growth rate, up from 291,090 units in 2021. Since 2010, the market has seen a 4.1% average annual decline. Vehicle production in the country is expected to reach 153,870 units by 2026, growing at a rate of 2.5% year-on-year. This represents an increase from 131,040 units in 2021. Since 2004, the country has seen an average year-on-year growth of 2.3%. In 2021, the Philippines ranked 37th in the world, with the Netherlands overtaking it with 131,040 units. The United States, Japan and India came in second, third and fourth, respectively.

The Philippines Automotive Market Data and Forecasts

What is the size of the Filipina Automotive Market in 2022?

Passenger Vehicles Except Buses Market Size Value in Philippines
Passenger Vehicles Except Buses Market Size Value Per Capita in Philippines
Motor Vehicles Parts and Accessories Market Size Value Per Capita in Philippines
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How much will the Philippines Automotive Market grow to 2026?

Forecast: Commercial Vehicles Registrations in Philippines
Forecast: Passenger Cars Registrations in Philippines
Forecast: New Vehicles Registrations in Philippines
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