Philippines: motorcycles market revenue 2020-2029

The revenue in the motorcycles market in the Philippines was forecast to continuously increase between 2024 and 2029 by in total 0.9 billion U.S. dollars (+18 percent). After the sixth consecutive increasing year, the revenue is estimated to reach 5.89 billion U.S. dollars and therefore a new peak in 2029.

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Revenue of the motorcycles market in the Philippines from 2020 to 2029 (in billion U.S. dollars)

Characteristic	Revenue in billion U.S. dollars
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Supplementary notes

Data provided by Statista Market Insights are estimates.

The Motorcycles Market provides information about motorcycles and their respective makes. It excludes passenger cars, commercial cars, buses, trucks and large vans as well as utility light utility vehicles. We currently provide information on a make level, but in the future, we would expand our market segmentation to include a segmentation by usage or motorcycle capacity.

Background:
The motorcycle industry’s sales are closely connected to economic stability, and dramatic fluctuations, like the financial crisis of the late 2000s, force manufactures to reexamine their strategies and adapt to new market trends. One additional factor that is currently driving changes in the industry is environmental concerns, and this is influencing an increase in the production and use of electric motorcycles.

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