DUBLIN–(BUSINESS WIRE)–The “Philippines Used Car Market Outlook to 2026 (Third Edition)” report has been added to ResearchAndMarkets.com’s offering.
There are a number of growth drivers which has resulted in expansion of the market; these include a surge in the demand of private cars, increasing per capita income, convenient financing facilities, increased internet penetration and enhanced digitalization of the used cars space. Customers of the used cars can be divided according to their needs generally belonging to the working age group.
Philippines Used Car Future Outlook & Projections
The used car industry in Philippines is expected to grow in the future at a single digit CAGR over the forecast period (2021P to 2026F). The market structure is expected to be consolidated in the future as the market share of players selling vehicles via organized channel is expected to surge. The average ticket size of a used vehicle is expected to increase as the average replacement period is reducing over time. The customers will tend to switch to used cars and new cars at a rate faster than before, depicting rapid change in consumer preferences. The multi-brand dealers and banks are strategically partnering with online classified pages and online auto portals to make the process accessible and transparent for the buyers. . The customers in the future will make well informed decision as lot of information will made available regarding car pricing at their disposal in the future across various platforms. Certain foreign established C2B players are too considering Philippines Used Car market a growing and profitable venture.
Key Segments Covered
By Market Structure
By Sales Channel (Organized Segment)
By Source of Lead generation (Organized Segment)
By Average Ticket Size
By Region
By Type of Vehicle
By Fuel
By Type of Vehicle Manufacturer
By Brand
By Average Replacement Period
By Mileage
Companies CoveredOEM Dealerships
Banks (Repossessed Car Auctions)
Online Portals – Online Auto Classified Platforms
Multi-Brand Dealers
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Philippines Used Car Market Value Chain Analysis (Inter-Entity Relationship and Margin Analysis)
4. Business Models (Offline and Online) of Philippines Used Car Market
5. Customer Profile of Philippines Used Car Market
7. Philippines Used Car Market Segmentation, 2021P
8. Impact of Covid-19 on Philippines’ Used Car Market
9. Trends and Development in Philippines Used Car Market
10. Challenges and Restraints in the Philippines Used Car Market
11. Growth Drivers of Philippines Used Car Market
12. Sales Channels Used in Philippines Used Car Market
13. Government Regulations in the Philippines Used Car Market
14. Competitive Landscape in Philippines Used Car Market, 2021P
15. Philippines Used Car Market Future Outlook and Projections, 2021P-2026F
16. Buying Decision Parameters for Used Car In Philippines
17. Snapshot on Philippines Online B2C & C2B Used Car Market
18. Philippines Ancillary Services, 2016-2026F
19. Analyst Recommendations
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/onqixc
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