| Product Code: ETC8852300 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, the Philippines continued to see a significant influx of sports utility vehicles (SUVs) from top exporting countries including Japan, USA, Italy, Saudi Arabia, and Germany. Despite high Herfindahl-Hirschman Index (HHI) concentration, the industry experienced strong growth with a compound annual growth rate (CAGR) of 14.22% from 2020 to 2024. However, a notable decline in growth rate of -64.09% from 2023 to 2024 suggests potential challenges or shifts in the market dynamics. Stakeholders should closely monitor these trends to adapt strategies accordingly.

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 Sports Utility Vehicle Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Sports Utility Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Sports Utility Vehicle Market - Industry Life Cycle |
3.4 Philippines Sports Utility Vehicle Market - Porter's Five Forces |
3.5 Philippines Sports Utility Vehicle Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Sports Utility Vehicle Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.7 Philippines Sports Utility Vehicle Market Revenues & Volume Share, By Seating Capacity, 2021 & 2031F |
4 Philippines Sports Utility Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income in the Philippines |
4.2.2 Preference for larger vehicles for family use and outdoor activities |
4.2.3 Improved road infrastructure and urbanization leading to greater demand for SUVs |
4.3 Market Restraints |
4.3.1 High import taxes and tariffs on SUVs |
4.3.2 Competition from other vehicle segments like sedans and hatchbacks |
4.3.3 Fluctuating fuel prices affecting consumer purchasing decisions |
5 Philippines Sports Utility Vehicle Market Trends |
6 Philippines Sports Utility Vehicle Market, By Types |
6.1 Philippines Sports Utility Vehicle Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Sports Utility Vehicle Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Philippines Sports Utility Vehicle Market Revenues & Volume, By SUV-C, 2021- 2031F |
6.1.4 Philippines Sports Utility Vehicle Market Revenues & Volume, By SUV-D, 2021- 2031F |
6.1.5 Philippines Sports Utility Vehicle Market Revenues & Volume, By SUV-E, 2021- 2031F |
6.1.6 Philippines Sports Utility Vehicle Market Revenues & Volume, By SUV-F, 2021- 2031F |
6.2 Philippines Sports Utility Vehicle Market, By Fuel Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Sports Utility Vehicle Market Revenues & Volume, By Diesel, 2021- 2031F |
6.2.3 Philippines Sports Utility Vehicle Market Revenues & Volume, By Petrol, 2021- 2031F |
6.2.4 Philippines Sports Utility Vehicle Market Revenues & Volume, By Electric, 2021- 2031F |
6.2.5 Philippines Sports Utility Vehicle Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Philippines Sports Utility Vehicle Market, By Seating Capacity |
6.3.1 Overview and Analysis |
6.3.2 Philippines Sports Utility Vehicle Market Revenues & Volume, By 5-Seater, 2021- 2031F |
6.3.3 Philippines Sports Utility Vehicle Market Revenues & Volume, By 7-Seater, 2021- 2031F |
6.3.4 Philippines Sports Utility Vehicle Market Revenues & Volume, By 8-Seater and Above, 2021- 2031F |
7 Philippines Sports Utility Vehicle Market Import-Export Trade Statistics |
7.1 Philippines Sports Utility Vehicle Market Export to Major Countries |
7.2 Philippines Sports Utility Vehicle Market Imports from Major Countries |
8 Philippines Sports Utility Vehicle Market Key Performance Indicators |
8.1 Average age of vehicles on the road |
8.2 Percentage of households owning more than one vehicle |
8.3 Number of SUV models introduced in the market |
8.4 Average annual mileage driven by SUV owners |
8.5 Percentage of SUV owners participating in outdoor recreational activities |
9 Philippines Sports Utility Vehicle Market - Opportunity Assessment |
9.1 Philippines Sports Utility Vehicle Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Sports Utility Vehicle Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.3 Philippines Sports Utility Vehicle Market Opportunity Assessment, By Seating Capacity, 2021 & 2031F |
10 Philippines Sports Utility Vehicle Market - Competitive Landscape |
10.1 Philippines Sports Utility Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Philippines Sports Utility Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |