Ken Research latest Report on Philippines Online Classifieds Market Outlook to 2021 – Growing Real Estate Market & Demand for Used Cars to Gain Traction in Future” provides a comprehensive analysis of overall size of the Philippines Online Classifieds market in terms of revenues and total number of listings, segmentation on the basis of type of listings, segmentation on the basis of free & paid listings, online recruitment classifieds market size, online real estate classifieds market size, online automobiles classifieds size. The report also covers the competitive landscape of the industry and comprehensive profile of leading and emerging players operating in the online real estate, automotive classified and recruitment classified space. The report also includes future outlook and projection of the Philippines online classifieds market and its segments. Major macroeconomic indicators and upcoming projects affecting the market have also been highlighted in the report. The report also serves as a benchmark for every new player which is seeking to enter into online classifieds market in the Philippines.
Philippines Online Classifieds Industry
The Philippines is one of the fastest growing countries in terms of internet population in the world. Increasing internet users and rising e-commerce industry in the country has triggered the growth in the Philippines Online Classified industry. The market has increased from USD ~ million in 2011 to USD ~ million in 2016, growing at a CAGR of ~ % during the period. In terms of number of listings, market has grown from ~ million in 2011 to ~ million in 2016. Increasing internet penetration and online classified platforms have made it possible for the people to seek information about the products, vendors and platforms from where they should purchase new and used products. The growing acceptance of C2C ecommerce has provided opportunities for online classifieds market to expand and reach out to masses, resulting in the increasing volume of online classified ads and buy & sell transactions. Moreover, emerging new companies in the country has also supported the growth of the market.
Philippines Online Recruitment Classifieds
Online recruitment classifieds contributed USD ~ million revenues in 2016. Rising IT, automobile, education and BPO industry has given boost to the industry. Education sector is the largest contributor in online recruitment classifieds with the percentage share of ~% in terms of listings. BPO sector is the second largest sector in the industry. Sales and marketing is the third largest player with the share of ~% in terms of listing. The fourth largest player is Restaurant and food services (~ %), followed by arts/media (~ %) and others (~ %).
~% of the revenues in Philippines online recruitment classifieds market has been generated through recruiters. Revenue generation by job seekers was ~% in 2016. Full time jobs listings in the Philippines has dominated the market with the share of ~% in 2016 in terms of listings.
Philippines Online Real Estate Classifieds
Philippines online real-estate classifieds market was accounted at USD ~ million in terms of revenue in 2016. The total number of listings from real estate sector was ~ million in 2016. There was a shift in the preferences of consumers on exploring information on real estate through classifieds or finding brokers online from the traditional ways due to rise in internet penetration in Philippines.
Online residential classifieds contributed ~% of the listings in the overall online real estate classifieds market of the Philippines. Online classifieds of commercial and industrial property marked the share of listings as ~% in the overall online real estate classifieds market, owing to increased employment and infrastructural development in fast emerging economy of the Philippines. The number of real estate listings for sale in the Philippines Online Real Estate Classifieds Market has accounted for ~% share in total number of listings in 2016 followed by rent based listings. Revenue from advertisements was the major source of revenue for online property portals, and this segment contributed to nearly ~% of the market revenue followed by subscriptions (~ %) in 2016.
Philippines Online Automobile Classifieds
The Philippines online automobile market has witnessed a tremendous growth in past few years. The market was accounted at USD ~ million in 2016. It has been observed the automobiles purchase through online portals has flourished in last few years accounting on the steady economic growth, widespread use of internet and increase in sales of used vehicles in Philippines. The SUV & luxury cars have dominated the market of Philippines Online automobile classifieds with the share of ~% followed by sedan (~ %), hatchback (~ %) and others (~ %) in 2016.
Philippines online classifieds market is expected to grow at a rapid pace from 2017 to 2021 owing to rising number of Smartphone users, increasing awareness about online classifieds among customers, a shift of customers from new products to used products and increasing trust factor of Philippines towards digital platforms. New entrants are expected to grow in terms of number of listings and market share by revenue in future adding to the competition in online classifieds market. Strategic expansions by the existing market players via inorganic growth and innovative ease provided by tools and extra features would further assist in the growth of online classifieds market. The market will increase at a CAGR of ~% during 2017-2021 to reach at USD ~ million in 2021. Online Classifieds market will be majorly dominated by online recruitment classifieds in coming future followed by automobiles, real estates, electronics and others.
Key Topics Covered in the Report:
- Philippines online classifieds market size
- Philippines online classifieds market Segmentation (By types of listings, By paid & free listings)
- Trends & Developments in Philippines online classifieds market
- Restraints in Philippines online classifieds market
- Philippines online recruitment classifieds market size
- Philippines online recruitment classifieds market segmentation (By industry, By source of revenue, by part time & full time)
- Philippines online recruitment classifieds market future Outlook
- Philippines online real estate classifieds market size
- Philippines online real estate classifieds market segmentation (By sector, by type of Property, By revenue segments, By type of customers)
- Philippines online real estate classifieds market future Outlook
- Philippines online automobiles classifieds market size
- Philippines online automobiles classifieds market segmentation (By types of cars, By types of Models)
- Philippines online automobiles classifieds market future Outlook
- Market share for Philippines online recruitment classifieds market
- Market share for Philippines online real estate classifieds market
- Market share for Philippines online automobiles classifieds market
- Competitive landscape for Philippines online classifieds market
- Philippines online classifieds market Future Outlook and Projections
- Customer Decision making matrix for Philippines online classifieds market
- Analyst Recommendation
- Macro Economic Variables Impacting Philippines online classifieds marketFree Classified OLX Philippines,
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List Free Classified Philippines,
job Classified sites Philippines,
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PostAd Philippines Classified Ad,
Filipino Classified Ads,
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Ankur Gupta, Head Marketing & Communications