Key Market Indicators
Vehicle registration in the Philippines is expected to reach 371,210 units by 2026. This is up from 291,090 units in 2021, an average yearly increase of 1.6%. Since 2010, there has been a yearly decrease of 4.1%. Production of vehicles in the Philippines is predicted to reach 153,870 units by 2026. This is an increase from 131,040 units in 2021, with an average yearly growth rate of 2.5%. Since 2004, production has grown by 2.3%. The Philippines was the 37th highest in 2021 with 131,040 units, just behind the Netherlands. The United States, Japan, and India ranked second, third, and fourth respectively.
