| Product Code: ETC12713569 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The Philippines saw a significant increase in agricultural electric vehicles import shipments in 2024, with top exporting countries including China, USA, Japan, Canada, and Switzerland. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative compound annual growth rate (CAGR) from 2020 to 2024. However, there was a notable growth spurt in 2024 with a growth rate of 48.52%, suggesting a potential shift in market dynamics and increased demand for sustainable agricultural solutions in the Philippines.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Agricultural Electric Vehicles Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Agricultural Electric Vehicles Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Agricultural Electric Vehicles Market - Industry Life Cycle |
3.4 Philippines Agricultural Electric Vehicles Market - Porter's Five Forces |
3.5 Philippines Agricultural Electric Vehicles Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Philippines Agricultural Electric Vehicles Market Revenues & Volume Share, By Power Source, 2021 & 2031F |
3.7 Philippines Agricultural Electric Vehicles Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Philippines Agricultural Electric Vehicles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government initiatives promoting the adoption of electric vehicles in agriculture. |
4.2.2 Increasing awareness about environmental sustainability and benefits of electric vehicles. |
4.2.3 Rising fuel prices driving the demand for more cost-effective agricultural vehicles. |
4.3 Market Restraints |
4.3.1 High initial cost of agricultural electric vehicles compared to traditional fuel-powered vehicles. |
4.3.2 Limited availability of charging infrastructure in rural agricultural areas. |
4.3.3 Concerns regarding the range and battery life of electric vehicles for prolonged agricultural use. |
5 Philippines Agricultural Electric Vehicles Market Trends |
6 Philippines Agricultural Electric Vehicles Market, By Types |
6.1 Philippines Agricultural Electric Vehicles Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Vehicle Type, 2021 - 2031F |
6.1.3 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Tractors, 2021 - 2031F |
6.1.4 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Harvesters, 2021 - 2031F |
6.1.5 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Sprayers, 2021 - 2031F |
6.1.6 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Utility Vehicles (ATVs, UTVs), 2021 - 2031F |
6.2 Philippines Agricultural Electric Vehicles Market, By Power Source |
6.2.1 Overview and Analysis |
6.2.2 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Lithium-Ion Batteries, 2021 - 2031F |
6.2.3 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Lead Acid Batteries, 2021 - 2031F |
6.2.4 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Solar-Powered Vehicles, 2021 - 2031F |
6.3 Philippines Agricultural Electric Vehicles Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Large-scale Farms, 2021 - 2031F |
6.3.3 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Organic Farms, 2021 - 2031F |
6.3.4 Philippines Agricultural Electric Vehicles Market Revenues & Volume, By Agricultural Equipment Leasing Companies, 2021 - 2031F |
7 Philippines Agricultural Electric Vehicles Market Import-Export Trade Statistics |
7.1 Philippines Agricultural Electric Vehicles Market Export to Major Countries |
7.2 Philippines Agricultural Electric Vehicles Market Imports from Major Countries |
8 Philippines Agricultural Electric Vehicles Market Key Performance Indicators |
8.1 Average distance traveled per charge for agricultural electric vehicles. |
8.2 Number of charging stations specifically dedicated to agricultural electric vehicles. |
8.3 Percentage of farms or agricultural businesses transitioning to electric vehicles. |
8.4 Efficiency gains achieved by using agricultural electric vehicles. |
8.5 Adoption rate of electric vehicle technology by agricultural equipment manufacturers. |
9 Philippines Agricultural Electric Vehicles Market - Opportunity Assessment |
9.1 Philippines Agricultural Electric Vehicles Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Philippines Agricultural Electric Vehicles Market Opportunity Assessment, By Power Source, 2021 & 2031F |
9.3 Philippines Agricultural Electric Vehicles Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Philippines Agricultural Electric Vehicles Market - Competitive Landscape |
10.1 Philippines Agricultural Electric Vehicles Market Revenue Share, By Companies, 2024 |
10.2 Philippines Agricultural Electric Vehicles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |