Retail current sales of premium and luxury cars are set to see a CAGR of 12% (9% 2023 constant value CAGR) over 2023-2028 to total PHP68.4 billion.
Rising online sales are expected within premium and luxury cars in the Philippines over the forecast period. More shoppers have started buying essential items online, but they are increasingly buying big-ticket items like cars online, with this trend set to continue.
Electric cars are expected to grow in significance within premium and luxury cars over 2023-2028. This is due to government investment in fast electric car charging points and the arrival of new technologies in response to sustainability concerns and a need to promote zero emission vehicles.
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Understand the latest market trends and future growth opportunities for the Premium and Luxury Cars industry in Philippines with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium and Luxury Cars industry in Philippines, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Passenger car vehicles providing exceptional comfort, aimed at the premium market and at drivers wanting a higher level of performance and handling or a vehicle that gives the impression of being capable of high-speed motoring. These cars are generally designed to appeal to high earning, status led consumers and generally retail at US$75,000 plus Example models include: Aston Martin, Ferrari, Jaguar, Bentley, Porsche, McLaren, Maserati, Rolls-Royce and Tesla
See All of Our DefinitionsThis report originates from Passport, our Premium and Luxury Cars research and analysis database.
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