| Product Code: ETC13087201 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
The import shipments of pickup truck engines into the Philippines in 2024 continued to be dominated by top exporting countries such as Japan, USA, Thailand, China, and Australia. Despite the high concentration with a high Herfindahl-Hirschman Index (HHI), the industry showed a strong compound annual growth rate (CAGR) of 8.71% from 2020 to 2024. However, there was a significant decline in the growth rate from 2023 to 2024, dropping by -32.65%. This fluctuation may indicate a shift in market dynamics or other external factors impacting the industry`s performance.

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 Pickup Truck Engine Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Pickup Truck Engine Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Pickup Truck Engine Market - Industry Life Cycle |
3.4 Philippines Pickup Truck Engine Market - Porter's Five Forces |
3.5 Philippines Pickup Truck Engine Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Pickup Truck Engine Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Philippines Pickup Truck Engine Market Revenues & Volume Share, By Cylinder Configuration, 2021 & 2031F |
3.8 Philippines Pickup Truck Engine Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.9 Philippines Pickup Truck Engine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Pickup Truck Engine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for commercial vehicles in the Philippines |
4.2.2 Growth in construction and infrastructure projects driving the need for pickup trucks |
4.2.3 Rising disposable income leading to higher consumer spending on vehicles |
4.3 Market Restraints |
4.3.1 Economic fluctuations impacting consumer purchasing power |
4.3.2 Stringent emission regulations affecting engine design and development |
4.3.3 Competition from alternative modes of transportation such as electric vehicles |
5 Philippines Pickup Truck Engine Market Trends |
6 Philippines Pickup Truck Engine Market, By Types |
6.1 Philippines Pickup Truck Engine Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Pickup Truck Engine Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Philippines Pickup Truck Engine Market Revenues & Volume, By Internal Combustion, 2021 - 2031F |
6.1.4 Philippines Pickup Truck Engine Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.1.5 Philippines Pickup Truck Engine Market Revenues & Volume, By Electric, 2021 - 2031F |
6.1.6 Philippines Pickup Truck Engine Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 Philippines Pickup Truck Engine Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Pickup Truck Engine Market Revenues & Volume, By Diesel, 2021 - 2031F |
6.2.3 Philippines Pickup Truck Engine Market Revenues & Volume, By Petrol, 2021 - 2031F |
6.2.4 Philippines Pickup Truck Engine Market Revenues & Volume, By Hybrid Electric, 2021 - 2031F |
6.2.5 Philippines Pickup Truck Engine Market Revenues & Volume, By Battery-Powered, 2021 - 2031F |
6.2.6 Philippines Pickup Truck Engine Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Philippines Pickup Truck Engine Market, By Cylinder Configuration |
6.3.1 Overview and Analysis |
6.3.2 Philippines Pickup Truck Engine Market Revenues & Volume, By V6, 2021 - 2031F |
6.3.3 Philippines Pickup Truck Engine Market Revenues & Volume, By Inline-4, 2021 - 2031F |
6.3.4 Philippines Pickup Truck Engine Market Revenues & Volume, By V8, 2021 - 2031F |
6.3.5 Philippines Pickup Truck Engine Market Revenues & Volume, By Others, 2021 - 2031F |
6.3.6 Philippines Pickup Truck Engine Market Revenues & Volume, By Others, 2021 - 2031F |
6.4 Philippines Pickup Truck Engine Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Philippines Pickup Truck Engine Market Revenues & Volume, By Commercial Fleet, 2021 - 2031F |
6.4.3 Philippines Pickup Truck Engine Market Revenues & Volume, By Individual Owners, 2021 - 2031F |
6.4.4 Philippines Pickup Truck Engine Market Revenues & Volume, By Government, 2021 - 2031F |
6.4.5 Philippines Pickup Truck Engine Market Revenues & Volume, By Agriculture, 2021 - 2031F |
6.4.6 Philippines Pickup Truck Engine Market Revenues & Volume, By Industrial, 2021 - 2031F |
6.5 Philippines Pickup Truck Engine Market, By Application |
6.5.1 Overview and Analysis |
6.5.2 Philippines Pickup Truck Engine Market Revenues & Volume, By Heavy Load Transport, 2021 - 2031F |
6.5.3 Philippines Pickup Truck Engine Market Revenues & Volume, By Off-Roading, 2021 - 2031F |
6.5.4 Philippines Pickup Truck Engine Market Revenues & Volume, By Utility Services, 2021 - 2031F |
6.5.5 Philippines Pickup Truck Engine Market Revenues & Volume, By Rural Transportation, 2021 - 2031F |
6.5.6 Philippines Pickup Truck Engine Market Revenues & Volume, By Construction Use, 2021 - 2031F |
7 Philippines Pickup Truck Engine Market Import-Export Trade Statistics |
7.1 Philippines Pickup Truck Engine Market Export to Major Countries |
7.2 Philippines Pickup Truck Engine Market Imports from Major Countries |
8 Philippines Pickup Truck Engine Market Key Performance Indicators |
8.1 Average age of pickup trucks in operation |
8.2 Number of new vehicle registrations |
8.3 Miles driven per pickup truck |
8.4 Average fuel efficiency of pickup truck engines |
8.5 Adoption rate of new engine technologies |
9 Philippines Pickup Truck Engine Market - Opportunity Assessment |
9.1 Philippines Pickup Truck Engine Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Pickup Truck Engine Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Philippines Pickup Truck Engine Market Opportunity Assessment, By Cylinder Configuration, 2021 & 2031F |
9.4 Philippines Pickup Truck Engine Market Opportunity Assessment, By End User, 2021 & 2031F |
9.5 Philippines Pickup Truck Engine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Pickup Truck Engine Market - Competitive Landscape |
10.1 Philippines Pickup Truck Engine Market Revenue Share, By Companies, 2024 |
10.2 Philippines Pickup Truck Engine 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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