The Philippines Car Rental Market Report is Segmented by Booking Type (Offline and Online), Rental Duration Type (Short Term and Long Term), Vehicle Type (Hatchbacks, Sedans, and More), Application Type (Tourism and Commuting), Rental Mode (Self-Drive and Chauffeur-Driven), Vehicle Class (Economy, Premium, and More), and Fuel Type (Internal Combustion Engine, and More). The Market Forecasts are Provided in Terms of Value (USD).

The Philippines car rental market was valued at USD 1.35 Billion in 2024. The industry is expected to grow at a CAGR of 11.50% during the forecast period of 2025-2034 to attain a valuation of USD 4.01 Billion by 2034.

The report covers Car Leasing Market Philippines Emerging Players, Cab Aggregator Market Philippines Opportunities, Philippines Car Rental Market Challenges, Philippines Car Rental Industry Major Players, Grab Cab Aggregator Philippines.

Philippines Car Rental Market size was valued at USD 1.34 Billion in 2024 and is projected to reach USD 30.7 Billion by 2032, growing at a CAGR of 10.9% from 2026 to 2032.

Philippines Car Rental Market Drivers

Increased International Arrivals: The Philippines' growing popularity as a tourist destination is a major driver. International tourists often prefer the flexibility and convenience of rental cars to explore the country's diverse landscapes.

Domestic Tourism: Rising domestic tourism, especially among middle-class Filipinos, is also contributing to the demand for car rentals. Road trips and self-drive tours are becoming increasingly popular.

Metro Manila Congestion: Severe traffic congestion in Metro Manila and other major cities is driving demand for rental cars as a temporary alternative to personal vehicle ownership.

Business Travel: Urban centers are hubs for business activity, and business travelers often require rental cars for meetings and site visits.

Increased Affordability: The expanding middle class in the Philippines has increased disposable income, making car rentals more affordable for a larger segment of the population.

The Philippines car rental market, valued at $633.49 million in 2025, is projected to experience robust growth, fueled by a burgeoning tourism sector and increasing business travel. A Compound Annual Growth Rate (CAGR) of 7.70% from 2025 to 2033 indicates a significant expansion of the market, reaching an estimated value exceeding $1.2 billion by 2033. Key drivers include rising disposable incomes, improved infrastructure facilitating easier travel, and the increasing preference for convenient and flexible transportation options amongst both domestic and international travelers. The growth is further propelled by the expansion of the online booking segment, providing users with greater accessibility and choice. While the short-term rental segment currently dominates, the long-term rental market is anticipated to witness significant growth, driven by corporate demand and the increasing popularity of subscription-based car rental services. The market is segmented by booking type (online/offline), rental duration (short/long-term), vehicle type (hatchbacks, sedans, SUVs, MPVs), and application type (tourism/commuting). Competition is intense, with both international players like Sixt SE, Europcar Mobility Group, and Enterprise Holdings, and local companies like Anis Trans Service (A T S) Corporation and ZC Mobility Philippines Corporation vying for market share. The diverse vehicle types offered cater to a wide range of needs, with SUVs and MPVs witnessing particularly strong demand due to the increasing popularity of family vacations and group travel. Tourism remains the primary application, with strong growth predicted in line with the government's efforts to promote tourism. However, the market is not without its challenges. Factors such as fuel price volatility, traffic congestion in major cities, and the competitive landscape could potentially impede growth. Nevertheless, the overall positive economic outlook and the increasing preference for car rentals over other transportation modes suggest a highly promising future for the Philippines car rental market. Strategic partnerships, technological advancements in online booking platforms, and innovative pricing models will be crucial for companies to maintain a competitive edge. Recent developments include: May 2024: BPI Tokyo Century Rental Corp. (BPITCR), a collaboration between Tokyo Century Corp. and Bank of the Philippine Islands (BPI), finalized its acquisition of Diamond IGB Inc., a local car rental company. This move is part of BPITCR's strategy to broaden its car leasing services in the Philippines., July 2023: LXV Cars opened a new store at Greenbelt, a renowned luxury shopping destination in Manila. As the premier choice for luxury transportation, the company provides 12 units of the opulent Toyota Alphard to transport VIP guests.. Key drivers for this market are: Rise in Tourism Across Activities the Country. Potential restraints include: Rise in Tourism Across Activities the Country. Notable trends are: Online Booking is Expected to Witness Significant Growth During the Forecast Period.

Market Size, Trends, Segmentation, and Future Outlook Across Key Sectors Base Year : 2024

The Philippines Car Rental comes with extensive industry analysis of development components, patterns, flows, and sizes. The report calculates present and past market values to forecast potential market management during the forecast period between 2025 - 2033.

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Comprehensive dataset of 29 Car rental agencies in Agusan Del Norte, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

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Comprehensive dataset of 12 Car rentals in Palawan, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 2,096 Car rental agencies in Philippines as of August, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 2 Car rental agencies in Eastern Samar, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 1 Car rental agencies in Camarines Norte, Philippines as of August, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

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Comprehensive dataset of 12 Car rental agencies in Zamboanga del Norte, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Comprehensive dataset of 20 Car rental agencies in Zamboanga del Sur, Philippines as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

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