The Philippine Auto Leasing and Car Rental Market, Forecast to 2022
This RS offers a detailed assessment of the Philippine auto leasing and car rental market during 2017 to 2022. This market has a very complex structure with the presence of banks, financing/leasing companies backed by OEMs as well as pure-play leasing and rental companies. Low awareness of auto leasing and the popularity of auto finance are the key reasons behind low penetration of auto leasing in the Phillipines. This research service offers an analytical overview of the Philippine automotive market, an overview of the Philippine auto leasing and car rental market, key market participants, key drivers and restraints and market forecasts for 2018-2022. The Philippines is the third most promising market in Southeast Asia, after Indonesia and Thailand. Several international players such as Orix, Hertz, and Avis have a presence in this country. The key driving factors of the market are: a planned increase in the fleet size of market participants, growing economy, growth in popularity of car benefit programs and growth in construction, farming, and tourism sectors. However, the market faces challenges, such as high competition, low airport business, and a decline in automotive sales.
This research service aims to present an overview of the current and future trends and developments in the auto leasing and car rental market in the Philippines from 2017 to 2022. This includes:
Overview of Philippine auto leasing and car rental market, including size and split, classification of companies, product and customer segmentation and market shares of key companies
Key market participants and their profiles including company overview and key takeaways
Split of fleet between auto leasing and car rental and split of fleet between auto leasing by customer type
Product offerings of key market participants
Analysis of the key drivers and restraints for the period of 2018-2022
Market forecasts for the period from 2018 to 2022
Key Issues Addressed
What is the current status, trends, and developments in the auto leasing and car rental market in the Philippines?
Which are the significant players in the industry and what are their profiles, fleet details, and activities?
What is the competitive structure of the industry, including the number and type of competitors and market shares?
What are the product offerings of the various market participants in the auto leasing and car rental market?
What are the key challenges and restraints affecting the market and what are the key growth driving factors?
What is the likely future fleet size scenario for the auto leasing and car rental market in the Philippines?
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