Product Code: ETC8835010 | Publication Date: Sep 2024 | Updated Date: May 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The auto parts manufacturing market in the Philippines is benefiting from both local demand and export opportunities. Government initiatives to promote local manufacturing and participation in regional supply chains are driving growth, with a focus on components for motorcycles, passenger cars, and commercial vehicles.
Auto parts manufacturing is a growing sector in the Philippines, driven by domestic demand and export opportunities. Investments in automation, quality improvement, and supply chain efficiency are helping local manufacturers stay competitive in regional markets.
The Auto Parts Manufacturing market in the Philippines faces challenges related to high production costs, which are compounded by the need for advanced technology and skilled labor. Limited local supply chains and reliance on imports for key components add to the cost burden. Moreover, the market is also impacted by regulatory challenges and the fluctuating demand for auto parts due to economic conditions and changes in consumer preferences.
The Auto Parts Manufacturing market in the Philippines is driven by the increasing demand for vehicles, both domestically and for export. With a growing automotive industry, the need for high-quality auto parts is rising. Investors can explore opportunities in setting up local manufacturing facilities that supply a wide range of auto parts for domestic and international markets. Additionally, there is potential for innovation in the production of electric vehicle (EV) components as the shift toward electric transportation gains momentum.
The government supports the automotive parts manufacturing sector through the Comprehensive Automotive Resurgence Strategy (CARS) program, which provides fiscal incentives to local manufacturers. Trade policies promote local value addition, while technical assistance programs aim to improve quality standards and workforce skills.
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 Auto Parts Manufacturing Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Auto Parts Manufacturing Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Auto Parts Manufacturing Market - Industry Life Cycle |
3.4 Philippines Auto Parts Manufacturing Market - Porter's Five Forces |
3.5 Philippines Auto Parts Manufacturing Market Revenues & Volume Share, By Component Type, 2021 & 2031F |
3.6 Philippines Auto Parts Manufacturing Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.7 Philippines Auto Parts Manufacturing Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Philippines Auto Parts Manufacturing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Auto Parts Manufacturing Market Trends |
6 Philippines Auto Parts Manufacturing Market, By Types |
6.1 Philippines Auto Parts Manufacturing Market, By Component Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Component Type, 2021- 2031F |
6.1.3 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Battery, 2021- 2031F |
6.1.4 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Cooling System, 2021- 2031F |
6.1.5 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Underbody Components, 2021- 2031F |
6.1.6 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Engine Components, 2021- 2031F |
6.1.7 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Automotive Filter, 2021- 2031F |
6.1.8 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Lighting Components, 2021- 2031F |
6.1.9 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Others, 2021- 2031F |
6.1.10 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Philippines Auto Parts Manufacturing Market, By Sales Channel |
6.2.1 Overview and Analysis |
6.2.2 Philippines Auto Parts Manufacturing Market Revenues & Volume, By OEM, 2021- 2031F |
6.2.3 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Aftermarket, 2021- 2031F |
6.3 Philippines Auto Parts Manufacturing Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.3.3 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Light Commercial Vehicles, 2021- 2031F |
6.3.4 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Heavy Commercial Vehicles, 2021- 2031F |
6.3.5 Philippines Auto Parts Manufacturing Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Auto Parts Manufacturing Market Import-Export Trade Statistics |
7.1 Philippines Auto Parts Manufacturing Market Export to Major Countries |
7.2 Philippines Auto Parts Manufacturing Market Imports from Major Countries |
8 Philippines Auto Parts Manufacturing Market Key Performance Indicators |
9 Philippines Auto Parts Manufacturing Market - Opportunity Assessment |
9.1 Philippines Auto Parts Manufacturing Market Opportunity Assessment, By Component Type, 2021 & 2031F |
9.2 Philippines Auto Parts Manufacturing Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.3 Philippines Auto Parts Manufacturing Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Philippines Auto Parts Manufacturing Market - Competitive Landscape |
10.1 Philippines Auto Parts Manufacturing Market Revenue Share, By Companies, 2024 |
10.2 Philippines Auto Parts Manufacturing Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |