Philippines Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

Philippines Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast, 2023-2027

Summary

GlobalData expects the construction industry in the Philippines to expand by 7% in 2023, supported by the government’s focus on infrastructure and energy development. As part of the 2023 State Budget, the government allocated PHP1.2 trillion ($21.5 billion) for its 2023 infrastructure programs under which major transportation infrastructure projects such as development of the North-South Commuter Railway, the Metro Manila Subway Phase 1, the LRT-1 Cavite Extension, and the PNR South Long Haul will be carried out.

GlobalData expects the construction industry in the Philippines to register an annual average growth rate of 7.2% between 2024 and 2027, supported by the government’s focus on the development of the country’s rail and road transport and energy infrastructure, coupled with investments to develop affordable housing and social infrastructure. In March 2023, President Ferdinand Marcos Jr's administration approved 123 new projects that will cost a total of PHP9.1 trillion ($163 billion). The 123 projects include long-distance railways near the capital and in central and southern Philippines, and an upgrading of the ageing Manila international airport, the country's main gateway.

The report provides detailed market analysis, information and insights into the Philippines’ construction industry, including -

• The Philippine construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Philippine construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in the Philippines. It provides -

• Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in the 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.