As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Philippines tire market was valued USD 0.60 Billion in 2019 and is poised to grow at CAGR of 6.67% by 2025 on account of growing infrastructure developments and favourable trading environment. The government introduced policies, like Comprehensive Automotive Resurgence Strategy (CARS program) and Comprehensive Motor Vehicle Development Program, which are expected to positively influence the Philippines tire market.

Philippines tire market is segmented based on vehicle type, demand category, radial vs bias, and region. Based on radial vs bias, the country’s tire market is expected to be dominated by radial segment during the forecast period. The segment is poised to hold a market share of around 52.30% by 2025 on account of the benefits offered by radial tires such as flexible sidewalls and reduced fuel consumption due to less vibration and resistance over other counterparts.

Major companies operating in Philippines tire market are General Company Establishment MICHELIN, Bridgestone Corporation, The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Giti Tire Corporation, Cheng Shin Rubber Ind. Co., Ltd., MRF Limited, Apollo Tyres Ltd., Sumitomo Rubber Industries, Ltd., Toyo Tire & Rubber Co., Ltd. and Continental AG. Japanese tire manufacturer Yokohama Rubber is the leading tire manufacturers operating in Philippines and the company is now expanding its production capacity. It is also the only tire company which has its own manufacturing plant in Philippines while the other market players import tires from Asian countries like Japan, Indonesia and China.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast the market size of Philippines tire market.
  • To classify and forecast Philippines tire market based on vehicle type, demand category, radial vs bias, company and Region.
  • To identify drivers and challenges for Philippines tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Philippines tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing tires in Philippines.

 

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Philippines.

TechSci Research calculated the market size for Philippines tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as OICA, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Vehicle manufacturing companies
  • Raw material suppliers
  • Associations, organizations, forums and alliances related to tires
  • Government bodies such as regulatory authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Philippines tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Philippines Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

o    Three-Wheeler

  • Philippines Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Philippines Tire Market, By Radial vs Bias
  • Philippines Tire Market, By Region:
    • Southern Tagalog
    • Central Luzon
    • Calabarzon
    • Central Visayas
    • National Capital Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Philippines tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Philippines Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Philippines Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler and Three -wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Company (2019)

6.2.5.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

7.    Philippines Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Demand Category

7.2.3.     By Radial Vs Bias

7.2.4.     By Tire Size

7.3.  Market Attractiveness Index

7.3.1.     By Price Segment

8.    Philippines Two-Wheeler Tire Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Demand Category

8.2.3.     By Radial Vs Bias

8.2.4.     By Tire Size

8.3.  Market Attractiveness Index

8.3.1.     By Price Segment

9.    Philippines Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Demand Category

9.2.3.     By Radial Vs Bias

9.2.4.     By Tire Size

9.3.  Market Attractiveness Index

9.3.1.     By Price Segment

10.  Philippines Light Commercial Vehicle Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Demand Category

10.2.3.  By Radial Vs Bias

10.2.4.  By Tire Size

10.3.              Market Attractiveness Index

10.3.1.  By Price Segment

11.  Philippines OTR Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Demand Category

11.2.3.  By Radial Vs Bias

11.2.4.  By Tire Size

11.3.              Market Attractiveness Index

11.3.1.  By Price Segment

12.  Philippines Three-Wheeler Tire Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Demand Category

12.2.3.  By Radial Vs Bias

12.2.4.  By Tire Size

12.3.              Market Attractiveness Index

12.3.1.  By Price Segment

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Import Export Analysis

15.  Market Trends & Developments

16.  Policy and Regulatory & Landscape

17.  Philippines Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Players Profiled (Leading Companies)

18.2.1.  General Company Establishment MICHELIN

18.2.1.1.      Company Overview

18.2.1.2.      Products & Services

18.2.1.3.      Financials (If available)

18.2.1.4.      Current & Future Strategy

18.2.1.5.      Key Management

18.2.1.6.      Contact Details

18.2.2.  Bridgestone Corporation

18.2.3.  The Goodyear Tire & Rubber Company

18.2.4.  The Yokohama Rubber Co., Ltd.

18.2.5.  Giti Tire Corporation

18.2.6.  Cheng Shin Rubber Ind. Co., Ltd.

18.2.7.  MRF Limited

18.2.8.  Apollo Tyres Ltd.

18.2.9.  Sumitomo Rubber Industries, Ltd.

18.2.10.                Toyo Tire & Rubber Co., Ltd.

18.2.11.                Continental AG

15. Strategic Recommendations

16. About Us & Disclaimer

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  • List of Figures

     

    Figure 1: Philippines Tire Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: Philippines Tire Market - Aided Brand Recall (N=75)

    Figure 3: Philippines Tire Market - Unaided Brand Recall (N=75)

    Figure 4: Philippines Tire Market - Brand Switching (N=75)

    Figure 5: Philippines Tire Market - Brand Switching Attributes (N=75)

    Figure 6: Philippines Tire Market - Brand Satisfaction Level, By Stability on Road (N=75)

    Figure 7: Philippines Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=75)

    Figure 8: Philippines Tire Market - Brand Satisfaction Level, By Performance (N=75)

    Figure 9: Philippines Tire Market - Brand Satisfaction Level, By Pricing (N=75)

    Figure 10: Philippines Tire Market - Brand Satisfaction Level, By Lifetime (N=75)

    Figure 11: Philippines Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

    Figure 12: Philippines Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 13: Philippines Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 14: Philippines Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

    Figure 15: Philippines Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F

    Figure 16: Philippines Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F

    Figure 17: Philippines Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F

    Figure 18: Philippines Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019 & 2025F

    Figure 19: Philippines Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F

    Figure 20: Philippines Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F

    Figure 21: Philippines Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F

    Figure 22: Philippines Tire Market Share, By Price Segment, By Volume, By Vehicle Type, 2019 & 2025F

    Figure 23: Philippines Tire Market Share, By Company, By Volume, 2019-2025F

    Figure 24: Philippines Tire Market Share, By Region, By Volume, 2019-2025F

    Figure 25: Philippines Tire Market Share, By Region, By Volume, 2019 & 2025F

    Figure 26: Philippines Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

    Figure 27: Philippines Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Million Units) 2015-2025F

    Figure 28: Philippines Two-wheeler Tire Market Share, By Vehicle Type, By Volume, 2019-2025F

    Figure 29: Philippines Two-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 30: Philippines Two-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

    Figure 31: Philippines Two-Wheeler Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

    Figure 32: Philippines Two-Wheeler Tire Market Share, By Tire Size, By Volume, 2019

    Figure 33: Philippines Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

    Figure 34: Philippines Passenger Car Tire Market Size, By Value (USD Million), By Volume (Million Units) 2015-2025F

    Figure 35: Philippines Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2019-2025F

    Figure 36: Philippines Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 37: Philippines Passenger Car Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

    Figure 38: Philippines Passenger Car Tire Market Share, By Rim Size (In Inches), By Volume, By Vehicle Type, 2019-2025F

    Figure 39: Philippines Passenger Car Tire Market Share, By Tire Size, By Volume, 2019

    Figure 40: Philippines Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025

    Figure 41: Philippines Light Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

    Figure 42: Philippines Light Truck Tire Market Share, By Vehicle Type, By Volume, 2019-2025F

    Figure 43: Philippines Light Truck Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 44: Philippines Light Truck Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

    Figure 45: Philippines Light Truck Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

    Figure 46: Philippines Light Truck Tire Market Share, By Tire Size, By Volume, 2019

    Figure 47: Philippines Light Truck Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

    Figure 48: Philippines OTR Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

    Figure 49: Philippines OTR Tire Market Share, By Vehicle Type, By Volume, 2019-2025F

    Figure 50: Philippines OTR Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 51: Philippines OTR Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

    Figure 52: Philippines OTR Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

    Figure 53: Philippines OTR Tire Market Share, By Tire Size, By Volume, 2019

    Figure 54: Philippines OTR Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

    Figure 55: Philippines Heavy Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

    Figure 56: Philippines Heavy Truck Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 57: Philippines Heavy Truck Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

    Figure 58: Philippines Heavy Truck Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

    Figure 59: Philippines Heavy Truck Tire Market Share, By Tire Size, By Volume, 2019

    Figure 60: Philippines Medium Truck Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

    Figure 61: Philippines Medium Truck Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 62: Philippines Medium Truck Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

    Figure 63: Philippines Medium Truck Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

    Figure 64: Philippines Medium Truck Tire Market Share, By Tire Size, By Volume, 2019-2025F

    Figure 65: Philippines Bus Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

    Figure 66: Philippines Bus Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 67: Philippines Bus Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 68: Philippines Bus Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

    Figure 69: Philippines Bus Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

    Figure 70: Philippines Bus Tire Market Share, By Tire Size, By Volume, 2019-2025F

    Figure 71: Philippines Bus Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

    Figure 72: Philippines Three-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Units) 2015-2025F

     Figure 73: Philippines Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

      Figure 74: Philippines Three-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

     Figure 75: Philippines Three-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2019-2025F

     Figure 76: Philippines Three-Wheeler Tire Market Share, By Rim Size (In Inches), By Volume, 2019-2025F

     Figure 77: Philippines Three-Wheeler Tire Market Share, By Tire Size, By Volume, 2019-2025F

     Figure 78: Philippines Three-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019-2025F

     Figure 79: Philippines Tire Imports, By Value, 2015-2019 (USD Million)

     Figure 80: Philippines Passenger Car Tire Imports, By Value, 2015-2019 (USD Million)

     Figure 81: Philippines Commercial Vehicle Tire Imports, By Value, 2015-2019 (USD Million)

    Figure 82: Philippines Two-Wheeler Tire Imports, By Value, 2015-2019 (USD Million)

     Figure 83: Philippines Tire Import Share, By Vehicle Type, By Value, 2019

     Figure 84: Philippines Tire Exports, By Value, 2015-2019 (USD Million)

     Figure 85: Philippines Passenger Car Tire Exports, By Value, 2015-2019 (USD Million)

     Figure 86: Philippines Commercial Vehicle Tire Exports, By Value, 2015-2019 (USD Million)

     Figure 87: Philippines Two-Wheeler Tire Exports, By Value, 2015-2019 (USD Million)

     Figure 88: Philippines Tire Export Share, By Vehicle Type, By Value, 2019

     Figure 89: Philippines Rubber Production, By Volume, 2015-2019 (Million Tons)

     

    List of Tables

     

    Table 1: Philippines Tire Production, By Region, By Country, By Company & Plant Location, 2019

    Table 2: Philippines Vehicle Fleet (Car, CV), By Volume, 2014-2015 (Thousand Units)