The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: Robust private consumption and a booming construction sector will translate into growing
demand for both passenger vehicles and commercial vehicles. We therefore forecast growth of 23.6% in
vehicle sales in 2016, reaching 356,758 units sold by year end.
? Robust domestic demand, which is driving economic growth, will bode well for vehicle sales.
? Low inflation and greater access to credit will benefit consumer spending.
? Strong remittance inflows will support private consumption.
? A booming construction sector, supported by a large PPP pipeline, robust property market and stable
monetary policy, will drive growth in the commercial vehicle segment.
? Approval of Mitsubishi Motors Philippines Corporation and Toyota Motors Philippines
Corporation as participating carmakers in governments CARS Program will boost domestic passenger