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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