Philippines: motorcycle manufacturers market share 2023

According to estimates of the Statista Mobility Market Outlook, in 2023, Honda Motorcycles were expected to generate the most revenue in the motorcycle manufacturing market in the Philippines, with a market share of approximately 43 percent. Other motorcycle manufacturers were expected to have a market share of 22.3 percent.

Market share of motorcycle manufacturers in the Philippines in 2023, based on revenue

Characteristic	Market share
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Supplementary notes

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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