Press release
Auto Finance Market Is Expected To Grow At A CAGR Of 11.4% By 2027. Will The Philippines Auto Finance Market Stand On This Expected Figure? : Ken Research
For more information, request a free sample Report @ https://www.kenresearch.com/industry-reports/philippines-auto-finance-market
Increased use of online banking/mobile apps reflects a progressive shift towards digital payments. These online payment channels helped in weathering movement restrictions imposed by months of COVID-19 lockdown measures.
Adults who were uncomfortable using online platforms were worried about the possibility of losing money due to hacking and inadvertent transactions (i.e., transfer to wrong account). To address these concerns, FSPs are improving their security measures to ensure that users are shielded from fraudulent transactions.
Trends and Developments in https://www.kenresearch.com/industry-reports/philippines-auto-finance-market
2. Incentives provided for development and Deployment of Electric Vehicles in Philippines.
Electric Vehicle Industry Development Act (EVIDA) gave incentives to electrified vehicles pushing for lower to zero-emission vehicles as well as improving EV charging infrastructure network.
EV players consist of 54 manufacturers/importers, 11 parts manufacturers, and 18 dealers/traders. There are 19 charging stations, mostly in the main island of Luzon.
In 2018, there were about 7,000 registered EVs for local use in the country according to Land Transportation Office (LTO).
The Electric Vehicle Association of the Philippines (EVAP) forecasts an annual growth rate of 8-12% that will produce P1.68 B ($33.6 M) revenue from services and sales of 200,000 units by 2024.
Visit A link Request for Custom Report @ https://www.kenresearch.com/ask-customization.php?Frmdetails=NTk2NDgx
3. Major Regulatory Authorities & Associations
Bangko Sentral ng Pilipinas: The central monetary authority in charge of regulating money, banking and credit in the Philippines.
Bankers Association of the Philippines: A non-profit organization that frames rules and regulations in co-operation with the Central Bank that will help in efficiency and effectiveness of banking services.
Securities and Exchange Commission: The national government regulatory agency charged with supervision over the corporate sector, capital market participants, and securities and investment instruments market, and protection of the investing public.
For more insights on market intelligence, refer to the link below: -
https://www.kenresearch.com/industry-reports/philippines-auto-finance-market
Ken Research
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 Auto Finance Market Is Expected To Grow At A CAGR Of 11.4% By 2027. Will The Philippines Auto Finance Market Stand On This Expected Figure? : Ken Research here
News-ID: 3123261 • Views: …
More Releases from Ken Research Pvt .Ltd
India Fitness Market Surpass USD 20 million Milestone - Latest Insights by Ken R …
Comprehensive market analysis maps demand acceleration, monetization models, and strategic imperatives across India's rapidly formalizing fitness ecosystem.
Delhi, India - October 28, 2025 - Ken Research released its strategic market analysis titled "India Fitness Market Outlook to 2030," revealing that the current market size is valued at USD 20 million, based on a five-year historical analysis. The detailed study outlines how the market is expanding rapidly, driven by growing health consciousness…
Thailand Online Insurance Market - Ken Research Stated the Sector Valued at ~USD …
Comprehensive market analysis maps rapid digital adoption, regulatory evolution, and embedded distribution strategies driving Thailand's fast-growing online insurance ecosystem.
Delhi, India - October 28, 2025 - Ken Research released its strategic market analysis titled "Thailand Online Insurance Market Outlook to 2027F," revealing that the current market size is valued at USD 145 million, based on a multi-year analysis of Thailand's evolving insurance landscape. The detailed study outlines how the market is…
Ken Research Stated Indonesia's Sportswear Market to Reach USD 2.20 Billion
Comprehensive market analysis maps robust growth trajectory, rising athleisure adoption, and strategic opportunities for global and local brands in Indonesia's rapidly evolving sportswear ecosystem.
Delhi, India - October 28, 2025 - Ken Research released its strategic market analysis titled "Indonesia Sportswear Market Outlook to 2030," revealing that the current market size is valued at USD 2.20 billion, based on a five-year historical analysis. The detailed study outlines how the market is…
India Watch Market Surpasses USD 3.87 Billion Milestone - Latest Insights by Ken …
Comprehensive market analysis maps premiumization, smartwatch integration, and strategic imperatives for industry leaders in India's rapidly evolving timepiece ecosystem.
Delhi, India - October 28, 2025 - Ken Research released its strategic market analysis titled "India Watch Market Outlook to 2030," revealing that the current market size is valued at USD 3.87 billion, based on a five-year historical analysis. The detailed study outlines how the market is poised to expand, driven by…
More Releases for Philippines
Philippines Contact Cement Market
Market Overview
Contact cement is a flexible acrylic adhesive that may be used on rubber, wood, bond tile, leather, metal, Formica, and most plastics. It stays flexible after curing and makes an excellent shoe glue. Contact cement may be applied to almost anything, although it works best on nonporous materials that conventional adhesives cannot adhere together.
Plastics, veneers, rubber, glass, metal, and leather all react well to contact cement. It is…
Philippines Quick Service Restaurants Market Size Is Likely To Reach Around $7.9 …
The Philippines quick service restaurants market has been continuously improvising in terms of product offerings, number of outlets, hospitality and other perks regarding prices that attracts a higher number of customers. Over the years, the Filipinos, specifically the millennials, have been open to different types of innovative food products due to increase in influence of westernization among the target customers. Considering this customer perception, some of the key players in…
Major Players in Philippines Auto Finance Market | Auto Loan Market Philippines …
Rising Innovation: Innovative digital startups such as iChoose.ph are reshaping the challenging car shopping and financing process into a quick and easy experience for customers in Philippines. It is expected that these will create an auto finance ecosystem in which digital aggregators increasingly control the sales and financing process. Car dealerships are expected to increasingly bring the experience of car shopping online by range of ways such as providing…
Philippines E-Commerce Logistics Market | Competitors in E-Commerce Logistics Ph …
Key Findings
Singapore-headquartered e-commerce player Shopee launched an in-app, live-streaming platform in the Philippines through which sellers can build a following to promote their products and offer discounts to viewers. This platform proved to be a success during the pandemic as it recorded 30m live stream views in April 2020.
E-commerce players can look forward to collaborate with brick-and-mortar retailers to provide consumers low-cost delivery options, as has been done in other…
Philippines Used Car Market
Philippines Used Car Market is expected to Gain Momentum from the Emergence of more Organized Players in the future along with Covid incited Surge in Demand: Ken Research
The used car market structure in Philippines is expected to be consolidated in the future as the market share of players selling vehicles via organized channel is expected to surge. This will be mainly on account of transparent and fair used car dealings/trading…
Philippines Quick Service Restaurants Market Booming Segments; Investors Seeking …
Philippines Quick Service Restaurants Market by Food Type, and Nature: Philippines Opportunity Analysis and Industry Forecast, 2019–2026,” The Philippines quick service restaurants market size was valued at $4.6 billion in 2018, and is expected to reach $7.9 billion by 2026, registering a CAGR of 6.9% from 2019 to 2026.The burger/sandwich segment was the highest contributor to the market, with $1.7billion in 2018, and is estimated grow at a CAGR of…
