Top Consumer Electronics Companies in Philippines

The consumer electronics industry in the Philippines has been experiencing remarkable growth in recent years, driven by the increasing demand for innovative products and the country's growing middle class. This article will explore key statistics from 2022, including GDP and employment figures, the factors contributing to the industry's growth and success, and the impact of technological disruptions on the sector. We will also discuss the challenges faced by the industry and its future outlook.

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KIMSTORE70 +63 917 503 8887
customercare@kimstore.com

Kimstore takes pride in being one of the pioneers of e-commerce in the Philppines. Throughout the 15 years we’ve been in operations, weve challenged the status quo and redefined gadget shopping through the help of social media. Inspired by the numerous awards we have received from different award-giving bodies, we continue our mission to provide Filipinos the latest in mobile technology at its best prices.

IRENT MO2 +63 939 505 6914
hello@irentmo.com

iRent Mo makes it easier for you to own things by providing access to different financing options, you can use for work, business, school or even for leisure, which lets you pay for items up to 12 months. We offer 100% online processing of your applications, so you dont have to go out. Fast-approval, hassle-free shopping. We also have items you can rent for short term use. We offer computer rentals for personal or company use. When the pandemic started in early 2020, iRent mo provided bicycle rentals to frontliners and to people who needed alternative modes of transportation. Later on, some of our customers wanted to be able to own the bikes they were renting. The idea was to rent the bikes for a set number of months, and own them after completing all monthly rental payments. Thus, rent-to-own (Buy Now, Pay Later) was born. “Rent-to-own” (Buy Now, Pay Later) is essentially an Installment program, where one can own items by paying in installments. This concept gave our customers the…

SEVENGRACE MARKETING4 +63 976 073 6301
contactus@sevengracemarketing.com

SevenGrace is a premier global affiliate and partner marketing management agency for small businesses and emerging brands. Our mission is to help small businesses and emerging brands successfully build and scale up profitable affiliate and partnership marketing program. With more than 10 years of experience in the affiliate marketing space, our services range from pre-launch phase to affiliate core management. We can work with any vertical but we work well with fashion, beauty, apparel, wellness and consumer electronics space. We manage various affiliate programs in different affiliate networks and tracking software Rakuten, CJ, AWIN, ShareaSale, Pepperjam, Impact Radius, HasOffers and Post Affiliate Pro.

GAINSTRONG36 +63 910 625 6252
info@gainstrong.com.ph

GainStrong, a name which reflects our belief that as we gain the right talents, our workforce becomes stronger, provides quality HR solutions to businesses, and leads job seekers to the right opportunities. Our strength lies in our team composed of competent, multifaceted, and experienced HR professionals with genuine passion for people management and client satisfaction. Our accumulated expertise and years of experience is one of our leverage points too. For years, we’ve been collaborating with various reputable partner companies of different sizes from diverse industries including fashion retail, food service, food importer, consumer electronics, engineering and construction, home improvement, real estate and property management, BPO, and information technology, each with their specific priority areas and unique requirements. Let us know your concerns, goals, and challenges. Get to know us and what we can do to elevate your career or bring out the best in your business.

ELEKSIS MARKETING CORPORATION62 +63 968 609 8036
customer_service@eleksis.com

Eleksis Marketing Corporation (EMC) is a distributor of consumer electronics, information technology hardware equipment, as well as peripherals. With 9 stores and 1 more on the way in the newly renovated Glorietta 1 mall, EMC is the exclusive Philippine distributor of BOSE consumer electronics, a premium audio manufacturer from the USA which offers products such as headphones, bluetooth speakers, and home theater systems. EMC also provides services such as consultation, design, installation, and integration of professional audio equipment for different requirements with world-class after-sales support and servicing.

SAVERS APPLIANCES46 +63 998 846 7181
customercare@saversappliances.com.ph

With over 40 brands and a wide array of products, Savers Appliances offers total consumer electronics and appliances solutions for both homes and offices. With 35 stores nationwide, Savers Appliances has established itself as one of the top players in the country.

SAVERS ELECTRONIC WORLD, INC25 +63 998 846 7181
customercare@saversappliances.com.ph

With over 40 brands and a wide array of products, Savers Appliances offers total consumer electronics and appliances solutions for both homes and offices. With 35 stores nationwide, Savers Appliances has established itself as one of the top players in the country.

ULTRACOAT TECHNOLOGIES, INC.2 +63 2 8852 1558
thecoatingexpert@ultracoatph.com

Ultracoat Technologies, Inc. is the #1 service provider in the Philippines for NON-STICK, HIGH-CLASS QUALITY and FOOD GRADE coatings for cookware, bakeware, consumer electronics, industrial machinery, as well as other varied products and tools that may need premium coating.

AKULAKU PHILIPPINES0
cs.id@akulaku.com

Akulaku is the first ever online installment shopping mall in the Philippines! Shop on installment with AKULAKU even without a credit card! Come check out the latest offers, updates in Akulaku here

FINDEN TECHNOLOGIES INC.138 +63 2 8835 6701
service@devanttv.com

Finden Technologies, Inc. is a corporation with a vision of becoming the No. 1 distribution company of world-class consumer electronics and household appliance brands in the Philippines. The company was incorporated last May 2013. Influenced by the incessant booming and advancement of technology, the company offers a wide- array of high quality and advanced technology products that are competitive even in the global arena. Its initial venture and collaboration is with a multi- billion dollar global conglomerate, Hisense International Co., Ltd., which carries the brand HISENSE. Following the footsteps of its predecessor and affiliate, Techpoint Enterprise, exclusive distributor of DEVANT and NEXTBASE, Finden aims to provide Filipinos with top of the line quality home entertainment system and household appliances at prices that are worth every penny. Through the experience of its team, the company is confident that it will be able to exceed the expectations of the Filipino consumers by…

AB CAPITAL FURNITURE & DESIGNS INTL.0
admin@abcapitaldesigns.com

AB Capital Designs International was established in 1997 as a family own home & office multi-products manufacturing, trading, marketing and exporting company. In 2015, we deviated a little further from our comfort zones by integrating news, press releases, and media publishing and added advertising and home product promotions by affiliating with known online trading partners to maximize our online presence while at the same time expanding and diversifying our reach to all stakeholders and common people with interests in the home products industries. Although AB Capital Designs International is still manufacturing furniture, it is now on a very limited basis. We are now more inclined to concentrate on marketing, trading, and media publishing for local and international markets. Our main purpose for this is to give much-needed information and knowledge about home products and ultimately shift to full online advertising and marketing but still on products line related exclusively to ho…

DOCTOR AIR PHILIPPINES0 +63 917 599 1199
hello@doctorairphilippines.com

The only air purifier in the market thats patented to humidify chlorine. This offers you the peace of mind of having the cleanest, breathable air at the comfort of your own abode or place/s of activity.

AB HOME & GARDEN0
admin@abcapitaldesigns.com

Welcome to AB Home & Garden (Owned & Operated by AB Capital Ventures & Management) AB Home & Garden was established in 1997 as a family own home & office multi-products manufacturing, trading, marketing and exporting company. Although AB Home & Garden is still manufacturing furniture, it is now on a very limited basis. In 2015, we deviated from our comfort zones by integrating news, press releases, media publishing, online advertising, online shopping, and home product promotions by affiliating with known online trading partners to maximize our online presence while at the same time expanding and diversifying our reach to all stakeholders and common people with interests in the home products industries. We are now more focus on online shopping, marketing, trading, and media publishing for local and international markets partnering with known home and office product manufacturers and traders. Our main purpose for this is to give much-needed information and knowledge about home prod…

CASIO PROJECTORS PHILIPPINES0
webmaster@casioprojectorsea.com

Casio Computer Co., Ltd. is one of the world’s leading manufacturers of consumer electronics products and business equipment solutions since its establishment in 1957. Casio Laser & LED Hybrid Light Source Projectors have achieved world number 1 since 2010*. Casio Lamp Free projectors have No Lamp to Replace with a long lasting light source up to 20,000 hours. Allowing you to have a Low Total Cost of Ownership. *Solid State Illumination Light Source 2500 Lumens & Above Casio Projector is exclusively distributed in the Philippines by The Brain Audiovisual, an audiovisual corporation with over 20 years of experience in sales, rentals and audiovisual design and system integration of Boardroom, Conference Room, Training Room, Showroom, Auditorium, Multi-purpose AV Room and Command Centre. Learn about the benefits of CASIO LampFree projectors: http://www.casioprojectorsea.com/index.html

MODUVI INC.25
sales@moduvi.com.ph

Moduvi, Inc. is a premiere distributor of lifestyle products in the Philippines, acquiring a portfolio of valuable brands including Apple, BlackBerry, LG Mobile, GoPro and FujiFilm Cameras, and LifeProof accessories. In recent years, it has involved itself into wellness and health by acquiring the number one faucet-mounted water purifier in Torayvino, and other sustainable energy and home-automation products. More than a typical distributor, it aims to be the principals’ partner in building and adding value to the brand as reflected by its select line-up. With a nationwide touchpoints of over 500 stores including Apple Authorized Resellers, IT, Photo/Imaging, Gadgets, Telcos, Consumer Electronics, and Online stores, Moduvi is continuously expanding further and exploring more non-traditional products and channels. In support of its growing distribution network, sales and after-sales services are also present in key regions in the Philippines, ensuring that all products have wide reach …

YUPANGCO ELECTRONICS CORPORATION48 +63 2 8899 7777

Yupangco Electronics is a world-renowned brand for top-notch musical instruments, prof-audio equipment, commercial audio and accessories.

AUTOMATIC APPLIANCES INC.34

We are Automatic Centre, the countrys Appliance Authority for more than 65 years. Serving you since 1948.

LUCKY HUARONG TECHNOLOGY INC.29

Business Profile: Lucky HR powers e-commerce in the Philippines providing trades in electronic gadgets and home and living products. Acquiring the most initiative in gaining imported quality products. Leading the market of the latest and trendiest products we provide. Distributing products through the market accessibly; the well-known Lazada, Metrodeal, and Ascend Corp. Lucky HR is an ecommerce associate committed for online shopping networks. Considering that the Filipinos are the most wired population, through mobile phones, social networking sites, and television, in the world. It ensures our foothold to be the foremost best ecommerce partner in the Philippines. Leader Online Electronic Gadgets Seller With rapid changes occurring around us, the world of electronics is also changing at a very fast pace. Gadgets market is a flourishing enterprise today due a very high demand for the latest electronic gadgets by many consumers. Well, that sure gives us idea how competitive the gad…

MOTTAI-NAI PHILIPPINES TECHNOLOGY CORP.8 +63 46 413 3380

We at MPTC, are experts in aluminum anodizing and among the industries we serve belong to aerospace, medical equipment, and other consumer electronic parts.

CAL-COMP TECHNOLOGY (PHILIPPINES), INC.132

Cal-Comp Technology (Philippines), Inc | A New Kinpo Group Company Follow Us on Facebook! www.facebook.com/CalCompPhilippines Cal-Comp Technology (Philippines), Inc. is a leading Philippine company engaged in the design, development, and manufacturing of hard disk drives, consumer electronics, and smart home appliances for some of the worlds leading brands. It is committed to bringing cutting-edge technology products like AI-powered robotics and smart beauty devices to the Philippine market. Founded in 1973, New Kinpo Group is a world leader in manufacturing with revenue exceeding US$6 billion. Its subsidiaries include Kinpo Electronics, Inc., Cal-Comp Electronics (Thailand) Public Company Limited, and XYZprinting, Inc. New Kinpo Group manufactures a wide range of key product lines for some of the world’s industry leaders and its global footprint can be found in the US, China, Thailand, Malaysia, Brazil, and the Philippines.

Top Consumer Electronics Companies in Philippines

Key Statistics from 2022 – A Snapshot of Growth and Employment

In 2022, the Philippine economy achieved a growth rate of 6.5%, reflecting a strong recovery from the pandemic-induced downturn. The consumer electronics industry played a significant role in this robust economic performance, accounting for approximately 4.2% of the country's GDP.

The employment rate in the consumer electronics industry reached 3.3% in 2022, a slight increase from the 3.1% recorded in 2021. This growth in employment underscores the industry's commitment to providing livelihood opportunities for Filipinos.

Factors Contributing to the Growth and Success of the Consumer Electronics Industry

Government Initiatives

The Philippine government has implemented various initiatives aimed at fostering the growth and success of the consumer electronics industry. Policies such as tax incentives for manufacturers and investment in infrastructure have played a crucial role in attracting both local and international companies to invest in the sector.

Increasing Disposable Incomes

The growing middle class in the Philippines, coupled with rising disposable incomes, has fueled the demand for consumer electronics products. This increased purchasing power has been a significant driver of growth in the industry.

Technological Advancements

The rapid pace of technological advancements has led to a continuous stream of innovative products and services, further driving the growth of the consumer electronics industry. The increasing penetration of smartphones, the Internet of Things (IoT), and smart home devices has created new market opportunities for manufacturers and service providers.

Industry Growth and Year-on-Year Comparison

Smartphone Market

The Philippine smartphone market experienced significant growth in 2022, driven by the increasing demand for advanced features and improved connectivity. The proliferation of affordable smartphones has also contributed to the expansion of this segment.

Home Appliances

The home appliances sector witnessed steady growth in 2022, fueled by the increasing demand for energy-efficient and smart appliances. The rise of e-commerce has further contributed to the growth of this segment, enabling consumers to access a wide range of products and services with ease.

Audio-Visual Equipment

The audio-visual equipment sector experienced robust growth in 2022, driven by the rising demand for high-quality entertainment and immersive experiences. The growing popularity of streaming services and advancements in display technologies have further propelled the growth of this segment.

Key Trends – Technological Disruptions and Their Impact on the Consumer Electronics Industry

Artificial Intelligence (AI) and Machine Learning (ML)

The integration of AI and ML technologies in consumer electronics products has transformed the industry, enabling the development of innovative solutions that enhance user experiences. AI-powered voice assistants, facial recognition technologies, and personalized recommendations are just a few examples of the ways in which AI and ML are reshaping the sector.

5G and the Future of Connectivity

The rollout of 5G networks in the Philippines is set to transform the consumer electronics landscape by offering faster internet speeds and improved connectivity. This will enable the development and adoption of new technologies, such as augmented reality (AR) and virtual reality (VR) devices, as well as next-generation wearables and IoT-enabled gadgets.

Challenges

Competition from International Brands

The Philippine consumer electronics industry faces stiff competition from established international brands, which offer a wide range of high-quality products at competitive prices. Local manufacturers must differentiate themselves through innovative product offerings, competitive pricing, and effective marketing strategies to stay ahead of the competition.

Rising Costs and Supply Chain Disruptions

The global pandemic has caused significant disruptions to supply chains, leading to rising production costs and delays in the consumer electronics industry. In addition, fluctuating exchange rates and the ongoing trade tensions between major economies could impact the cost of imported components, further challenging the industry's profitability.

Rapid Technological Obsolescence

With the fast pace of technological advancements, consumer electronics products become outdated quickly, resulting in shorter product life cycles. To remain competitive, manufacturers must continuously invest in research and development (R&D) to stay ahead of the curve and meet the ever-evolving demands of consumers.

Future Outlook

The future of the Philippine consumer electronics industry appears promising, driven by the following factors:

Rising Consumer Demand

As the country's economy grows, rising disposable incomes and a growing middle class will continue to fuel demand for consumer electronics products. In addition, the increasing adoption of smartphones and other connected devices is expected to drive growth in the industry.

Government Support and Investment

The Philippine government's commitment to promoting the growth of the consumer electronics industry, through initiatives such as tax incentives and investment in digital infrastructure, will contribute to the sector's expansion and competitiveness.

Embracing Emerging Technologies

By embracing emerging technologies, such as AI, IoT, and 5G connectivity, the Philippine consumer electronics industry can capitalize on the growing global demand for advanced, connected devices. Investing in R&D and fostering partnerships with technology leaders will be crucial to maintaining a competitive edge in the market.

Conclusion

In conclusion, the Philippine consumer electronics industry is well-positioned to capitalize on the growing demand for innovative and advanced devices. By embracing emerging technologies, overcoming challenges, and leveraging government support, the industry can continue to thrive and contribute significantly to the country's economic growth.

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By Melissa Goh
Published on 26 May 2023