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Premium and Luxury Cars in the Philippines

Publisher Euromonitor International
Published Oct 23, 2024
Length 16 Pages
SKU # EP19303227

Description

Premium and Luxury Cars in the Philippines


Sales of premium and luxury cars in the Philippines continue to be significantly influenced by the economic landscape in 2024. Therefore, the trends seen connected to urbanisation and the growth of the middle-class are helping to boost sales in premium and luxury cars – particularly so within metropolitan areas. Overall, this urban migration, coupled with a rise in population, has intensified demand for luxury vehicles among consumers seeking status and comfort. Added to which, ongoing moderate...

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 2028 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

Table of Contents

16 Pages
Premium and Luxury Cars in the Philippines
Euromonitor International
October 2024
List Of Contents And Tables
PREMIUM AND LUXURY CARS IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Sales of premium and luxury cars grow in parallel with the local economy
BMW takes back brand lead from Lexus
Ongoing shift from traditional gasoline to hybrid and electric models
PROSPECTS AND OPPORTUNITIES
Increase in EV charging stations in retail establishments influences demand
SUVs and crossovers forecast to be one of the top formats for luxury cars
Growth of luxury car clubs strengthens engagement and appreciation
CATEGORY DATA
Table 1 Sales of Premium and Luxury Cars: Value 2019-2024
Table 2 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
Table 3 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
Table 4 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
Table 5 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
Table 6 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
LUXURY GOODS IN THE PHILIPPINES
EXECUTIVE SUMMARY
Luxury goods in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for luxury goods?
MARKET DATA
Table 7 Sales of Luxury Goods by Category: Value 2019-2024
Table 8 Sales of Luxury Goods by Category: % Value Growth 2019-2024
Table 9 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
Table 10 NBO Company Shares of Luxury Goods: % Value 2019-2023
Table 11 LBN Brand Shares of Luxury Goods: % Value 2020-2023
Table 12 Distribution of Luxury Goods by Format and Category: % Value 2024
Table 13 Forecast Sales of Luxury Goods by Category: Value 2024-2029
Table 14 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
DISCLAIMER
SOURCES
Summary 1 Research Sources

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