April 2017 Philippines Online Classifieds Market Outlook to 2021
WHAT IS THE ROLE OF ONLINE AUTOMOBILE CLASSIFIEDS MARKET IN PHILIPPINES ONLINE CLASSIFIEDS INDUSTRY?
It has been observed the automobiles purchase through online portals has flourished in last few years accounting on the steady economic growth, widespread use of internet and increase in sales of used vehicles in Philippines. Philippines Online Automobile accounted for USD ~ Million which was ~% revenue of all the online classifieds in 2016.
Table: Philippines Online Automobiles Classifieds Segmentation by Sector( Residential, Commercial and Others) on the basis of Number of Listings, 2016 Recruitment Classifieds Market 2016
Revenues in USD Million |
~ |
Total Listings in Million |
~ |
SUV & Luxury listings has majorly dominated the market of Online automobile Classifieds in Philippines with the share of ~ % in 2016 followed by Sedan(~ %) and Hatchback(~ %).
Table: Philippines Online Automobile Classifieds Segmentation by Type of Car( SUV & Luxury, Sedan, Hatchback & Others) on the basis of Number of Listings, 2016
Number of Segments
Listings
SUV & Luxury |
~ |
Sedan |
~ |
Hatchback |
~ |
Others |
~ |
The number of listings of 2010 model of car and earlier years car models is the highest and accounts for ~% of the total number of listings of car models. This is because the data of earlier years have been added up in it and the proportion of cars for sale of these models is high.
Table: Philippines Online Automobile Classifieds Segmentation by Type of Car Models on the basis of Number of Listings in Thousands, 2016
Number of
Segments
Listings in thousands 2010 and earlier Models ~ 2015 Models ~ 2016 and above Models ~ 2014 Models ~ 2013 Models ~ 2011 Models ~ 2012 Models ~ Total Models ~
Table: Philippines Online Real Estate Classifieds Market Segmentation by Major Companies on the basis of Number of Listings, 2016 Segments
Percentage
Locanto |
~ |
Olx. ph |
~ |
Adpost. com |
~ |
Carmudi. com. ph |
~ |
Mybenta. com |
~ |
Tsikot. com |
~ |
Buyandsellph. com |
~ |
Philmotors. com |
~ |
Sulit. ph |
~ |
Others |
~ |
Total |
~ |
The revenues from Philippines online Automobile classifieds are forecasted to increase at a CAGR of ~% during 2016- 2021. The rising local production of cars, emerging online automobile classifieds, growing aspirations, internet proliferation, rising demand of used cars and organized online transactions in the country will support the growth of the industry.
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