| Product Code: ETC8840545 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The engine components import market in the Philippines saw increased competition in 2024, with Japan, China, Germany, USA, and South Korea emerging as the top exporting countries. The market concentration shifted from low to moderate, indicating a more balanced distribution among suppliers. The steady CAGR of 2.56% from 2020 to 2024 and the impressive growth rate of 15.19% from 2023 to 2024 highlight the market`s resilience and potential for further expansion. This dynamic landscape presents opportunities for both local businesses and international suppliers to capitalize on the growing demand for engine components 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 Engine Components Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Engine Components Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Engine Components Market - Industry Life Cycle |
3.4 Philippines Engine Components Market - Porter's Five Forces |
3.5 Philippines Engine Components Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.6 Philippines Engine Components Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Engine Components Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the automotive industry in the Philippines |
4.2.2 Increasing demand for aftermarket engine components |
4.2.3 Technological advancements in engine components manufacturing |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices |
4.3.2 Stringent government regulations on emissions standards |
4.3.3 Competition from counterfeit engine components |
5 Philippines Engine Components Market Trends |
6 Philippines Engine Components Market, By Types |
6.1 Philippines Engine Components Market, By Components |
6.1.1 Overview and Analysis |
6.1.2 Philippines Engine Components Market Revenues & Volume, By Components, 2021- 2031F |
6.1.3 Philippines Engine Components Market Revenues & Volume, By Valve tappet/ Roller tappet, 2021- 2031F |
6.1.4 Philippines Engine Components Market Revenues & Volume, By Screw Cap Assembly, 2021- 2031F |
6.1.5 Philippines Engine Components Market Revenues & Volume, By Collet/Cotter, 2021- 2031F |
6.1.6 Philippines Engine Components Market Revenues & Volume, By Retiner, 2021- 2031F |
6.2 Philippines Engine Components Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Engine Components Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.3 Philippines Engine Components Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.2.4 Philippines Engine Components Market Revenues & Volume, By Ligjht Duty Vehicle, 2021- 2031F |
6.2.5 Philippines Engine Components Market Revenues & Volume, By Medium & Heavy Duty Trucks, 2021- 2031F |
6.2.6 Philippines Engine Components Market Revenues & Volume, By Buses & Coaches, 2021- 2031F |
6.2.7 Philippines Engine Components Market Revenues & Volume, By Two-wheelers, 2021- 2031F |
6.2.8 Philippines Engine Components Market Revenues & Volume, By Tractors, 2021- 2031F |
6.2.9 Philippines Engine Components Market Revenues & Volume, By Tractors, 2021- 2031F |
6.2.10 Philippines Engine Components Market Revenues & Volume, By Others, 2021- 2031F |
7 Philippines Engine Components Market Import-Export Trade Statistics |
7.1 Philippines Engine Components Market Export to Major Countries |
7.2 Philippines Engine Components Market Imports from Major Countries |
8 Philippines Engine Components Market Key Performance Indicators |
8.1 Average age of vehicles in the Philippines |
8.2 Number of vehicles on the road |
8.3 Adoption rate of new engine technologies |
8.4 Investment in research and development for engine components |
8.5 Environmental regulations compliance rate |
9 Philippines Engine Components Market - Opportunity Assessment |
9.1 Philippines Engine Components Market Opportunity Assessment, By Components, 2021 & 2031F |
9.2 Philippines Engine Components Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Engine Components Market - Competitive Landscape |
10.1 Philippines Engine Components Market Revenue Share, By Companies, 2024 |
10.2 Philippines Engine Components Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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