Philippines Motorcycle Market (2024-2030) | Growth, Industry, Companies, Forecast, Trends, Share, Analysis, Revenue, Value, Size & Outlook

Topics Covered in the Philippines Motorcycle Market

Philippines Motorcycle Market report thoroughly covers the market Type and Engine Capacity. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Philippines Motorcycle Market Synopsis

Philippines Motorcycle Market is likely to grow in the forecast period as the Philippines has been seeing a rise in the demand for motorcycles over the past few years, with more and more people choosing this mode of transportation for its affordability and convenience. It's not just the urban areas that are experiencing this trend; even the rural areas have been seen to have a significant increase in motorbike usage. The Philippines motorcycle market is driven by several factors. The increasing population of the country has led to a rise in the need for mobility, especially in the urban areas, where traffic congestion is always a problem. Second, the affordability of motorcycles has made it an attractive option for people who cannot afford cars. The demand for delivery services is also increasing, and motorcycles are perfect for this kind of business.

According to 6Wresearch, the Philippines Motorcycle Market size is projected to grow at the CAGR 5.8% of during the forecast period of 2024-2030. One of the main drivers of the motorcycle market in the Philippines is the need for affordable transportation, especially in rural areas where public transportation is scarce. Motorcycles are also favoured for their fuel efficiency and can navigate through the country's notorious traffic congestion better than four-wheel vehicles. The country's growing middle class and increasing urbanization have also contributed to the motorcycle market's growth in the past decade. One of the key drivers of the Philippine motorcycle market is the country's congested roadways. With worsening traffic conditions in major cities and lack of reliable public transportation, more Filipinos have turned to motorcycles to navigate their way through the busy streets.

The affordability of motorcycles is also a driver, providing a cheaper alternative to cars. Additionally, the rise of online delivery apps has led to an increase in demand for motorcycles used as delivery vehicles, contributing to the market's growth. In recent years, the Philippine government has implemented several initiatives to address the challenges faced by the Philippines Motorcycle Industry. These initiatives include the implementation of stricter safety regulations, such as mandatory helmet laws and speed limit restrictions, and the promotion of alternative transportation options, such as the government-initiated e-trike program. The government is also working to address environmental issues by implementing stricter emission standards and promoting the use of electric motorcycles

Government policies and schemes introduced in the Philippines Motorcycle Market

In recent years, the Philippine government has implemented several initiatives to address the challenges faced by the motorcycle market and to increase the Philippines Motorcycle Market Growth. These initiatives include the implementation of stricter safety regulations, such as mandatory helmet laws and speed limit restrictions, and the promotion of alternative transportation options, such as the government-initiated e-trike program. The government is also working to address environmental issues by implementing stricter emission standards and promoting the use of electric motorcycles.

Leading players in the Philippines Motorcycle Market

The motorcycle market in the Philippines is a highly competitive industry, with several local and international brands vying for Philippines Motorcycle Market Share. Japanese brands, such as Honda, Yamaha, and Suzuki, dominate the market, accounting for around 80% of motorcycle sales in the country. Local brands, such as Kawasaki and Kymco, also have a significant presence in the market.

Market analysis by Type

Mopeds are affordable, fuel-efficient, and practical motorcycles used for daily commutes. It is a popular option for students and workers who want to get around the city without spending too much on gas. With the increasing demand for affordable transportation, mopeds are expected to grow in the coming years.

Market analysis By Engine Capacity

According to Ravi Bhandari, Research Head, 6Wresearch, 151cc-300cc engine segment remains the most in-demand in the Philippine market due to increasing number of Filipinos who choose motorcycles as their primary mode of transportation, the country's terrain, and the growing number of enthusiasts and hobbyists.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Adventure
• Cruiser
• Mopeds
• Sports
• Standard
• Touring

By Engine Capacity

• 151-300 CC
• 301-500 CC
• 501-800 CC
•  801-1000 CC
• 1001-1600 CC
• Above 1600 CC