| 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 |