Premium and Luxury Cars in the Philippines

Premium and Luxury Cars in the Philippines

Luxury cars saw a recovery in 2019, following the significant drop seen the previous year. Sales of luxury cars saw growth due to the decline in the higher excise taxes on automobiles brought about by the Tax Reform for Acceleration and Inclusion (TRAIN) law, which was enacted in January 2018. Moreover, the Department of Finance argues that price increases for cars will be offset by lower personal income taxes under the tax reform programme. Before the Tax Reform for Acceleration and Inclusion (...

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 2024 illustrate how the market is set to change

Product coverage: Luxury Goods.

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.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.


Premium and Luxury Cars in the Philippines
Euromonitor International
February 2020
List OF CONTENTS AND TABLES
HEADLINES
PROSPECTS
Luxury car category recovers following impact of tax changes implemented towards end of review period
Illegal vehicles destroyed in government crackdown
Increased sales of luxury cars expected as illegal vehicles are taken out of the loop
COMPETITIVE LANDSCAPE
Asian Carmakers Corp increases lead
Mercedes-Benz encourages young professionals to trade up with competitive finance options
New entrants expected due to increasing demand
CATEGORY DATA
Table 1 Sales of Premium and Luxury Cars: Value 2014-2019
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2014-2019
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2014-2018
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2015-2018
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2019-2024
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2019-2024
EXECUTIVE SUMMARY
Men and millennials represent increasingly important consumer groups, customisation and exclusivity increasingly important
Easing of inflation stimulates growth, enables middle-income consumers to move upmarket
Market remains relatively fragmented, Kering sees notable improvement through performance of Gucci and Yves Saint Laurent
Luxury goods retailers expand into variety of locations, bricks and mortar remains king despite net-savvy consumer base
Economic stability, infrastructure developments and tourism market growth all set to underpin market’s future performance
MARKET INDICATORS
Table 7 Number of High Net Worth Individuals (HNWI): 2014-2019
MARKET DATA
Table 8 Sales of Luxury Goods by Category: Value 2014-2019
Table 9 Sales of Luxury Goods by Category: % Value Growth 2014-2019
Table 10 Inbound Receipts for Luxury Goods by Country of Origin: Value 2014-2019
Table 11 NBO Company Shares of Luxury Goods: % Value 2014-2018
Table 12 LBN Brand Shares of Luxury Goods: % Value 2015-2018
Table 13 Distribution of Luxury Goods by Format and Category: % Value 2019
Table 14 Forecast Sales of Luxury Goods by Category: Value 2019-2024
Table 15 Forecast Sales of Luxury Goods by Category: % Value Growth 2019-2024
SOURCES
Summary 1 Research Sources

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook