Press release
Rising demand of automotives, Positive Outlook for E-Vehicles, and Potential for Fintech Growth will drive Philippines Auto Finance Market: Ken Research
Constant growth in automobile industry: Despite supply constraints, the auto industry seems to be growing at a high rate. The rise in private car service financing is driving the Philippines automotive financing market. For instance, it is the fourth largest automotive market in South East Asia increased by double digit in May 2022.
Increasing Private Hire Car Service, a large number of people in Philippines are now preferring private Hire Cars leading to potential increase in their financing in future.
Green Car Loans or Electric Vehicles is an emerging segment in Philippines leading way for green loans in the country.
Green Vehicle Policy: The Philippine electric vehicle (e-vehicle) industry aims to have a nation where the use of electric vehicles is highly promoted, encouraged, and supported by its government and society in order to develop a transportation landscape that is one with the environment, ecologically and economically.
The EV Act seeks to develop the Philippine electric vehicle (EV) industry and create a Comprehensive Roadmap for the EV Industry (CREVI). The law covers the manufacture, assembly, construction, import, trade and regulation of EVs, related equipment and their charging stations, and the tax incentives accompanying these projects.
Financial Support Provision: Auto Finance Companies and Dealerships are also expected to further increase their financing and contracting options making them more flexible to support retail Sales. It is expected that NBFC and Captive companies will start picking up more pace than Commercial Banks in Philippines Auto finance Industry
Analysts at Ken Research in their latest publication "Philippines Auto Finance Market Outlook to 2026- Driven by change in consumer spending, ease in provision of loans, improving technology and government support" by Ken Research observed that Auto Finance Market is an emergent market in Philippines at a growing stage even during the pandemic as well. The rising demand for automobiles, Positive Outlook for E-Vehicles, and growing digital advancement like Artificial Intelligence and Machine Learning, are expected to contribute to the market growth over the forecast period. The Philippines Auto Finance Market is expected to see high growth rate over the forecasted period 2021-2026F.
To Know More about this report, download a Free Sample Report: https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTM2
Key Segments Covered:-
Philippines Auto Finance Market
By Category of Lenders (By Credit dispersed), 2021 & 2026F
Universal and Commercial Banks
Thrift Banks
NBFCs
Captives
By Type Of Vehicles (By Credit dispersed), 2021 & 2026F
Two and Three Wheelers
Four Wheelers
Buses and Trucks
By Type of Ownership (By Credit dispersed), 2021 & 2026F
Used Cars
New Cars
By Category of Vehicles (By Credit dispersed), 2021 & 2026F
Passenger Vehicles
Commercial Vehicles
By Loan Tenure (By Credit dispersed), 2021 & 2026F
12 - 24 Months
25 - 48 Months
By Geographical Location (By Credit dispersed), 2021 & 2026F
Region I
Region II
Region III
Region IV - A
Region IV - B
Region V
Region VI
Region VII
Region VIII
Region IX
Region X
Region XI
Region XII
NCR
A.R
CARAGA
Key Target Audience
Banks and its Subsidiaries
NBFCs
Captive Finance Companies
Government and Institutions
Automobile Companies
Car Dealers
Government and Institutions
Existing Auto Finance Companies
OEM Dealerships
New Market Entrants
Investors
Auto mobile Associations
To more about industry trends, Visit this Link Request for a custom report: https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2MTM2
Time Period Captured in the Report:-
Historical Period: 2016-2020
Base Year: 2021
Forecast Period: 2022- 2026F
Companies Covered:-
Asialink Finance Corporation
Yulon Finance Philippines Corporation
Security Bank
MetroBank
Welcome Bank
Toyota Financial Services Philippines Corporation (TFSPH)
Bank of Philippines Island
BDO Unibank
Malayan Insurance
Philippine Depository and Trust Corporation
LBP leasing and Financing Corporation
Robinsons Bank
The Philippine Bank of Communications (PBCOM)
Land Bank of Philippines
Asia United Bank
Development Bank of Philippines
Union Bank
Sterling Bank of Philippines
Penbank and more
For more insights on the market intelligence, refer to the link below:-
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/philippines-auto-finance-market-outlook-to-2026/596136-93.html
Related Reports By Ken Research:-
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/ksa-auto-finance-market-outlook-to-2026/596022-93.html
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/singapore-auto-finance-market-outlook-2025/508467-93.html
https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/thailand-auto-finance-market-outlook/299310-93.html
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rising demand of automotives, Positive Outlook for E-Vehicles, and Potential for Fintech Growth will drive Philippines Auto Finance Market: Ken Research here
News-ID: 2903228 • Views: …
More Releases from Ken Research Pvt .Ltd
Ken Research Stated UAE Lubricants Market to Reached USD 1 Billion
Comprehensive market analysis maps demand pockets, re-export corridors, and strategic imperatives across automotive, industrial, and marine end-use in the UAE's lubricant ecosystem.
Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "UAE Lubricants Market Outlook to 2030," revealing that the current market size is valued at USD 1 billion, based on a five-year historical analysis. The comprehensive analysis details how the market is expected to…
India Apparel Market Crosses USD 68 Billion Milestone - Latest Insights by Ken R …
Comprehensive market analysis maps consumer evolution, retail transformation, and policy-led competitiveness shaping India's apparel ecosystem.
Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "India Apparel Market Outlook to 2030," revealing that the current market size is valued at USD 68 billion, based on a five-year historical analysis. The detailed analysis outlines how the market is poised to expand, driven by rising disposable incomes, rapid…
Philippines E-commerce Logistics Market - Ken Research Stated the Sector is Valu …
Comprehensive market analysis maps exponential growth trajectory, investment opportunities, and strategic imperatives for industry leaders in the Philippines' rapidly evolving e-commerce logistics ecosystem.
Delhi, India - October 6, 2025 - Ken Research released its strategic market analysis titled "Philippines E-commerce Logistics Market Outlook to 2028," revealing that the current market size is valued at over USD 1700 million, based on a five-year historical analysis. The comprehensive analysis details how the market…
Budaun & Pilibhit Oncology Market - Ken Research Stated the Sector is Recorded a …
Comprehensive analysis charts rising incidence, capacity build-out, and investment pathways across two high-potential Uttar Pradesh districts.
Delhi, India - October 3, 2025 - Ken Research released its strategic market analysis titled "Budaun & Pilibhit Oncology Market Outlook to 2029," revealing that the current market size is recorded at 8,870 cases, based on a five-year historical analysis. The comprehensive analysis details how the market is expected to expand, driven by rising cancer…
More Releases for Philippine
Kantar Group - Entering the Philippine Market in 2024
Kantar Group is an international market research company headquartered in London, UK, founded in 1992. Over the years, the company has become a pioneer in the market research industry through continuous innovative ideas and technological development. Through a series of mergers and acquisitions, Kantar has rapidly expanded globally. Since July 2019, Kantar is majority owned by Bain Capital Private Equity. Kantar currently has offices in 90 markets around the world,…
Boosting Philippine E-commerce with E-Signature Technology
Introduction
In the era of digital transformation, e-signature Philippines plays a pivotal role in modernizing business operations. Recognized under Republic Act No. 8792, electronic signatures and digital signatures offer a secure and efficient alternative to traditional paper-based processes. This guide explores the intricacies of e-signature Philippines, including its legal standing, benefits, and the top solutions driving this digital evolution.
Legal Framework for E-Signatures in the Philippines
Republic Act No. 8792: The E-Commerce Act
Enacted…
New Era in Consumer Lending Market is growing in Huge Demand in 2020 | Philippin …
The Consumer Lending Market is expected to reach +19% CAGR during forecast period 2020-2026.
Consumer lending provides financing for personal, family, or household purposes. The loans can come from a variety of places, including financial institutions or lending platforms, like the aforementioned Prosper and Lending Club. Increase in government initiative toward Consumer lending, and surge in need of reduced loan management time among borrowers and lenders have boosted the growth of…
Global Consumer Lending Market is Booming Across the Globe Explored in Latest Re …
The Consumer Lending Market is expected to reach +19% CAGR during forecast period 2020-2026.
Consumer lending provides financing for personal, family, or household purposes. The loans can come from a variety of places, including financial institutions or lending platforms, like the aforementioned Prosper and Lending Club. Increase in government initiative toward Consumer lending, and surge in need of reduced loan management time among borrowers and lenders have boosted the growth of…
SOFITEL PHILIPPINE PLAZA MANILA WINS MULTIPLE AWARDS IN THE 2018 PHILIPPINE CULI …
Sofitel Philippine Plaza Manila won several awards spanning various categories in the recently concluded Philippine Culinary Cup 2018 (PCC). Held at the SMX Convention Center last August 1 – 4, 2018, Sofitel Philippine Plaza Manila’s master chefs secured multiple awards in the PCC’s Professional Division.
Led by Executive Chef Nicholas Shadbolt and under the instruction of team leaders Chinese Chef Michale Tai and Sous Chef Regine Lee, the Sofitel culinary…
Sourcing Destination Snapshot: The Emerging Philippine Value Proposition
“The Philippines offers many opportunities as an offshore sourcing destination as well as being well positioned as a regional hub for Asia Pacific.” - Ralph Schonenbach (CEO, Trestle Group)
In designing sourcing models, IT and BPO decision-makers literally have a “world” to choose from when it comes to competitive country locations. The unique needs of a business will clearly drive managers to seek out sites capable of satisfying a range…
