The Philippine Auto Leasing and Car Rental Market, Forecast to 2022

The Philippine Auto Leasing and Car Rental Market, Forecast to 2022

The Philippine Market is Expected to Grow at a CAGR of 14% Over the Next 5 Years

RELEASE DATE
15-Nov-2018
REGION
Asia Pacific
Research Code: 9AB2-00-C6-00-00
SKU: AU01732-AP-MR_22550

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Description

This RS offers a detailed assessment of the Philippine auto leasing and car rental market during 2017 to 2022. This market has a very complex structure with the presence of banks, financing/leasing companies backed by OEMs as well as pure-play leasing and rental companies. Low awareness of auto leasing and the popularity of auto finance are the key reasons behind low penetration of auto leasing in the Phillipines. This research service offers an analytical overview of the Philippine automotive market, an overview of the Philippine auto leasing and car rental market, key market participants, key drivers and restraints and market forecasts for 2018-2022. The Philippines is the third most promising market in Southeast Asia, after Indonesia and Thailand. Several international players such as Orix, Hertz, and Avis have a presence in this country. The key driving factors of the market are: a planned increase in the fleet size of market participants, growing economy, growth in popularity of car benefit programs and growth in construction, farming, and tourism sectors. However, the market faces challenges, such as high competition, low airport business, and a decline in automotive sales.

Research Scope

This research service aims to present an overview of the current and future trends and developments in the auto leasing and car rental market in the Philippines from 2017 to 2022. This includes:

  • Overview of Philippine auto leasing and car rental market, including size and split, classification of companies, product and customer segmentation and market shares of key companies
  • Key market participants and their profiles including company overview and key takeaways
  • Split of fleet between auto leasing and car rental and split of fleet between auto leasing by customer type
  • Product offerings of key market participants
  • Analysis of the key drivers and restraints for the period of 2018-2022
  • Market forecasts for the period from 2018 to 2022

Key Issues Addressed

  • What is the current status, trends, and developments in the auto leasing and car rental market in the Philippines?
  • Which are the significant players in the industry and what are their profiles, fleet details, and activities?
  • What is the competitive structure of the industry, including the number and type of competitors and market shares?
  • What are the product offerings of the various market participants in the auto leasing and car rental market?
  • What are the key challenges and restraints affecting the market and what are the key growth driving factors?
  • What is the likely future fleet size scenario for the auto leasing and car rental market in the Philippines?

Author: Animesh Kumar

Table of Contents

Summary of Key Findings

Key Findings

Executive Summary—The Philippine Auto Leasing and Car Rental Market Size and Split

Executive Summary—Key International Players1 in Philippines

Executive Summary—Key Market Participants and Product Offerings

Executive Summary—Split of Fleet between Auto Leasing and Car Rental

Executive Summary—Split of Auto Leasing Fleet by Customer Type

Research Scope and Methodology

Research Aims and Objectives

Key Questions this Study will Answer

Research Background

Research Methodology

Key Companies Discussed in this Study

The Philippine Automotive Market—Macroeconomic Outlook

The Philippine Automotive Market—Total Industry Volume (TIV)

The Philippine Automotive Market—Market Share

The Philippine Auto Leasing and Car Rental Market—Size and Split

Classification of Companies in Auto Leasing and Car Rental

The Philippine Auto Leasing Market—Product Segmentation

The Philippine AL1 and CR2 Market—Customer Segmentation

The Philippine Auto Leasing Market—Vehicle Type

The Philippine AL1 and CR2 Market—Fleet of Key3 Market Participants

The Philippine AL1 and CR2 Market—Key International Players

ORIX Metro Leasing and Finance Corporation

Bank of the Philippine Islands (BPI) Leasing

Toyota Financial Services Philippines Corporation

BDO (Banco de Oro) Leasing and Finance Inc.

AVIS Philippines

Alamo Transport Leasing Services Inc.

Safari Rent A Car Inc.

Hertz Philippines Rent a Car

Europcar Philippines

Key Market Participants—Split of Fleet Between Auto Leasing and Car Rental

Key Players—Split of Auto Leasing Fleet by Customer Type

Key Market Participants—Product Offerings (Financial Lease and Operating Lease)

Market Drivers

Drivers Explained

Drivers Explained (continued)

Drivers Explained (continued)

Market Restraints

Restraints Explained

Market Forecast—Scenario Analysis

AL1 and CR2 Potential—Philippines vis-à-vis Key Markets in ASEAN

Growth Opportunity 1—Opportunities for a New Entrant

Growth Opportunity 2—Awareness Regarding Auto Leasing

Growth Opportunity 3—Partner with eHailing Companies

Strategic Imperatives for Success and Growth

Summary of Findings

3 Big Predictions

Legal Disclaimer

Glossary

List of Exhibits

List of Exhibits (continued)

The Frost & Sullivan Story

Value Proposition—Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
This RS offers a detailed assessment of the Philippine auto leasing and car rental market during 2017 to 2022. This market has a very complex structure with the presence of banks, financing/leasing companies backed by OEMs as well as pure-play leasing and rental companies. Low awareness of auto leasing and the popularity of auto finance are the key reasons behind low penetration of auto leasing in the Phillipines. This research service offers an analytical overview of the Philippine automotive market, an overview of the Philippine auto leasing and car rental market, key market participants, key drivers and restraints and market forecasts for 2018-2022. The Philippines is the third most promising market in Southeast Asia, after Indonesia and Thailand. Several international players such as Orix, Hertz, and Avis have a presence in this country. The key driving factors of the market are: a planned increase in the fleet size of market participants, growing economy, growth in popularity of car benefit programs and growth in construction, farming, and tourism sectors. However, the market faces challenges, such as high competition, low airport business, and a decline in automotive sales.--BEGIN PROMO--

Research Scope

This research service aims to present an overview of the current and future trends and developments in the auto leasing and car rental market in the Philippines from 2017 to 2022. This includes:

  • Overview of Philippine auto leasing and car rental market, including size and split, classification of companies, product and customer segmentation and market shares of key companies
  • Key market participants and their profiles including company overview and key takeaways
  • Split of fleet between auto leasing and car rental and split of fleet between auto leasing by customer type
  • Product offerings of key market participants
  • Analysis of the key drivers and restraints for the period of 2018-202
More Information
No Index No
Podcast No
Author Animesh Kumar
Industries Automotive
WIP Number 9AB2-00-C6-00-00
Is Prebook No
GPS Codes 9673-A6,9800-A6,9832-A6,9AF6-A6