Philippines Tire Market (2019-2025)
Market Forecast By Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers )) and Competitive Landscape
Philippines has witnessed strong growth in tire sales in recent years on account of rising automotive fleet due to growing income of middle-class population coupled with developing transportation infrastructure. Increase in vehicle sales and consumer spending would continue to be the key drivers behind the growth of Philippines tire market over the coming years. In addition, government plans such as "Build, Build, Build" program are also expected to present a vast business potential for the tire industry in the country.
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Philippines tire market size is projected to grow at a CAGR of 13.3% during 2019-25. Increasing disposable income of vehicle owners, growing automotive demand and the rapidly growing requirement for electric vehicles in the region would offer favorable opportunities for the tire market growth in Philippines during the forecast period. On account of increasing sales of all kinds of vehicles owing to low life cycle cost and better puncture resistance, radial tires would be the major revenue generating segment in the Philippines tire market forecast period.
Truck tires are the leading revenue generating segment in the overall Philippines tire market share. Further, government's push for infrastructure development in the country would lift the demand for trucks which would eventually lead to higher demand for truck tires during the forecast period. However, with increasing consumer spending, the passenger cars segment is expected to grow at the fastest rate among all kinds of vehicles during the forecast period.
The Philippines tire market report thoroughly covers market by tire types, vehicle types and by origin. The Philippines tire market outlook report provides an unbiased and detailed analysis of the on-going Philippines tire market trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
• Philippines Tire market Overview
• Philippines Tire market Outlook
• Philippines Tire Market Size and Philippines Tire Market Forecast
• Historical Data of Philippines Tire Market Revenues & Volume for the Period 2016-2018
• Philippines Tire Market forecast of Revenues & Volume for the Period 2019-2025
• Historical Data of Philippines Tire Market Revenues & Volume for the Period 2016-2018, By Local Manufacturing
• Market Size and Forecast of Philippines Tire Market Revenues & Volume for the Period 2019-2025, By Local Manufacturing
• Historical Data of Philippines Tire Market Revenues & Volume for the Period 2016-2018, By Import
• Philippines Tire Market Forecast Revenues & Volume for the Period 2019-2025, By Import
• Historical Data of Philippines Radial Tire Market Revenues & Volume for the Period 2016-2018
• Market Size and Forecast of Philippines Radial Tire Market Revenues & Volume for the Period 2019-2025
• Historical Data of Philippines Bias Tire Market Revenues & Volume for the Period 2016-2018
• Market Size and Forecast of Philippines Bias Tire Market Revenues & Volume for the Period 2019-2025
• Historical Data of Philippines Trucks Tire Market Revenues & Volume for the Period 2016-2018
• Market Size and Forecast of Philippines Trucks Tire Market Revenues & Volume for the Period 2019-2025
• Historical Data of Philippines Light Trucks Tire Market Revenues & Volume for the Period 2016-2018
• Market Size and Forecast of Philippines Light Trucks Tire Market Revenues & Volume for the Period 2019-2025
• Historical Data of Philippines Passenger Cars Tire Market Revenues & Volume for the Period 2016-2018
• Market Size and Forecast of Philippines Passenger Cars Tire Market Revenues & Volume for the Period 2019-2025
• Historical Data of Philippines Two-Wheeler Tire Market Revenues & Volume for the Period 2016-2018
• Market Size and Forecast of Philippines Two-Wheeler Tire Market Revenues & Volume for the Period 2019-2025
• Market Drivers and Restraints
• Philippines Tire Market Trends and Developments
• Philippines Tire Market Share, By Players, Vehicle Type
• Philippines Tire Market Overview on Competitive Benchmarking
• Recommendations
Market Segmentation
The Philippines Tire Market report offers a detailed analysis of the following market segments:
• By Origin
- Local Manufacturing
- Imports
• By Vehicle Types
- Trucks
- Radial
- Bias
- Light Trucks
- Radial
- Bias
- Passenger Cars
- Two-Wheeler
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