Philippines Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026
The Philippines construction market size was valued at $54.5 billion in 2021. The market is projected to achieve an AAGR of more than 7% during 2023-2026, supported by an improvement in global economic conditions, investment on infrastructure projects through the Build, Build, Build (BBB) program, and an increase in construction demand.
The Philippines construction market research report provides detailed market analysis, information, and insights into the Philippines construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Philippines construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Philippines Construction Market Overview
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Philippines Construction Market Segments
The key sectors in the Philippines construction market are residential, institutional, energy and utilities, infrastructure, industrial, and commercial construction.
Residential Construction: The project types in this sector include multi-family housing projects, and single-family housing projects. The residential construction sector was the largest sector in the Philippine construction industry in 2021. The sector’s growth in 2022 will be supported by public and private sector investments in the construction of new residential buildings to meet the increase in demand for housing.
Infrastructure Construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector’s growth in 2022 will supported by the government’s efforts to develop the country’s transport infrastructure.
Energy & Utilities Construction: The project types in this sector include electricity & power, oil & gas, telecommunications, sewage infrastructure, and water infrastructure. The sector’s growth will be supported by the government’s aim to increase the share of renewable energy in the total power mix to 35% by 2030 and 50% by 2040, under the National Renewable Energy Program (2020–40).
Philippines Construction Market Analysis, by Key Segments
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Philippines Construction Market - Competitive Landscape
Leading Contractors
The key contractors in the Philippines construction market are Yuchengco Group of Companies, Citicore Holdings Investment Inc., Ayala Corp., Quanta Services Inc., San Miguel Corp., POSCO Engineering & Construction Ltd, and Hyundai Motor Group among others.
Philippines Construction Market Analysis, by Key Contractors
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Leading Consultants
The leading consultants in the Philippines construction market are Japan International Cooperation Agency, Oriental Consultants Holdings Company Limited, Ramboll Group AS, Katahira & Engineers International, Tonichi Engineering Consultants Inc., Engineering and Development Corporation of Philippines, Oriental Consultants Global Co. Ltd, and Pacific Consultants Co. Ltd among others.
Philippines Construction Market Analysis, by Key Consultants
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Philippines Construction Market Report Overview
| Market Size (2021) | $54.5 billion |
| AAGR (2023-2026) | >7% |
| Key Sectors | Commercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction |
| Leading Contractors | Yuchengco Group of Companies, Citicore Holdings Investment Inc., Ayala Corp., Quanta Services Inc., San Miguel Corp., POSCO Engineering & Construction Ltd, and Hyundai Motor Group |
| Leading Consultants | Japan International Cooperation Agency, Oriental Consultants Holdings Company Limited, Ramboll Group AS, Katahira & Engineers International, Tonichi Engineering Consultants Inc., Engineering and Development Corporation of Philippines, Oriental Consultants Global Co. Ltd, and Pacific Consultants Co. Ltd |
Scope
This report provides a comprehensive analysis of the construction industry in Philippines. It provides –
- Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Philippines, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
List of Tables
List of Figures
Frequently Asked Questions
The construction market size in the Philippines was valued at $54.5 billion in 2021.
The construction market in the Philippines is projected to achieve an AAGR of more than 7% during 2023-2026.
The key sectors in the Philippines construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
The leading contractors in the Philippines construction market are Yuchengco Group of Companies, Citicore Holdings Investment Inc., Ayala Corp., Quanta Services Inc., San Miguel Corp., POSCO Engineering & Construction Ltd, and Hyundai Motor Group among others.
The leading consultants in the Philippines construction market are Japan International Cooperation Agency, Oriental Consultants Holdings Company Limited, Ramboll Group AS, Katahira & Engineers International, Tonichi Engineering Consultants Inc., Engineering and Development Corporation of Philippines, Oriental Consultants Global Co. Ltd, and Pacific Consultants Co. Ltd among others.
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