Automotive industry is witnessing considerable growth in recent years, particularly boosted by the robust sales of commercial vehicles and passenger cars. It has been showing a double-digit growth over a month period. Moreover, the stable economic condition contributes to building a friendly environment for the auto market.
The government aims to make the country a competitive manufacturing base for motor vehicles, as well as their parts and components. By 2022, it is expected that the industry will achieve full capacity utilization with 150% increase nationwide.
Market Research Philippines is committed to guiding players in the automotive industry to enter and capture opportunities in the market. Our automotive advisory services cover the dynamic of the auto industry across several areas, including automotive digitalization, smart and electric vehicles, commercial and passenger vehicles, aftermarket and servicing, lubricants, and many more.