| Product Code: ETC12592993 | 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 |
In 2024, luxury SUV import shipments to the Philippines continued to see a strong presence from top exporting countries such as Japan, USA, Italy, Saudi Arabia, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with a notable compound annual growth rate (CAGR) of 13.93% from 2020 to 2024. However, there was a significant decline in growth rate from 2023 to 2024, with a decrease of -64.1%. This suggests a potential shift or temporary setback in the luxury SUV import market dynamics 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 Luxury SUV Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Luxury SUV Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Luxury SUV Market - Industry Life Cycle |
3.4 Philippines Luxury SUV Market - Porter's Five Forces |
3.5 Philippines Luxury SUV Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Luxury SUV Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Philippines Luxury SUV Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Philippines Luxury SUV Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of the middle and upper-class population in the Philippines |
4.2.2 Preference for luxury and status symbol vehicles among affluent consumers |
4.2.3 Improving infrastructure and road networks leading to higher demand for SUVs |
4.2.4 Growing focus on safety features and advanced technology in luxury SUVs |
4.3 Market Restraints |
4.3.1 High import taxes and duties on luxury vehicles increasing overall cost |
4.3.2 Volatility in currency exchange rates affecting pricing and affordability |
4.3.3 Competition from other luxury vehicle segments such as sedans and sports cars |
4.3.4 Limited availability of luxury SUV models tailored to the preferences of Filipino consumers |
5 Philippines Luxury SUV Market Trends |
6 Philippines Luxury SUV Market, By Types |
6.1 Philippines Luxury SUV Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Luxury SUV Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Luxury SUV Market Revenues & Volume, By Compact Luxury SUV, 2021 - 2031F |
6.1.4 Philippines Luxury SUV Market Revenues & Volume, By Mid-Size Luxury SUV, 2021 - 2031F |
6.1.5 Philippines Luxury SUV Market Revenues & Volume, By Full-Size Luxury SUV, 2021 - 2031F |
6.1.6 Philippines Luxury SUV Market Revenues & Volume, By Performance Luxury SUV, 2021 - 2031F |
6.1.7 Philippines Luxury SUV Market Revenues & Volume, By Off-Road Luxury SUV, 2021 - 2031F |
6.2 Philippines Luxury SUV Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Luxury SUV Market Revenues & Volume, By Gasoline, 2021 - 2031F |
6.2.3 Philippines Luxury SUV Market Revenues & Volume, By Diesel, 2021 - 2031F |
6.2.4 Philippines Luxury SUV Market Revenues & Volume, By Electric, 2021 - 2031F |
6.2.5 Philippines Luxury SUV Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.3 Philippines Luxury SUV Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Philippines Luxury SUV Market Revenues & Volume, By Personal, 2021 - 2031F |
6.3.3 Philippines Luxury SUV Market Revenues & Volume, By Corporate, 2021 - 2031F |
6.3.4 Philippines Luxury SUV Market Revenues & Volume, By Government, 2021 - 2031F |
7 Philippines Luxury SUV Market Import-Export Trade Statistics |
7.1 Philippines Luxury SUV Market Export to Major Countries |
7.2 Philippines Luxury SUV Market Imports from Major Countries |
8 Philippines Luxury SUV Market Key Performance Indicators |
8.1 Average selling price of luxury SUVs in the Philippines |
8.2 Number of luxury SUV models launched or introduced in the market |
8.3 Customer satisfaction levels with the features and technology offered in luxury SUVs |
8.4 Percentage of repeat buyers or brand loyalty in the luxury SUV segment |
8.5 Growth in the number of luxury SUV dealerships or showrooms across key cities in the Philippines |
9 Philippines Luxury SUV Market - Opportunity Assessment |
9.1 Philippines Luxury SUV Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Luxury SUV Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Philippines Luxury SUV Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Philippines Luxury SUV Market - Competitive Landscape |
10.1 Philippines Luxury SUV Market Revenue Share, By Companies, 2024 |
10.2 Philippines Luxury SUV 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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