The Philippines Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)
Summary
GlobalData’s Construction in the Philippines - Key Trends and Opportunities to 2028 (Q4 2024) report provides detailed market analysis, information and insights into the Philippine 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
GlobalData expects the construction industry in the Philippines to register an annual average growth rate of 7.1% between 2025 and 2028, supported by investment in housing, infrastructure, and energy projects. The government plans to increase the share of renewable energy in its total power mix from 24% in 2020 to 35% by 2030 and 50% by 2040. The Board of Investments of the Philippines reported that through the 'green lane certificate', under which projects receive faster permits approval; it has endorsed 128 energy projects worth PHP3.9 trillion ($70.6 billion) as of September 2024
Scope
This report provides a comprehensive analysis of the construction industry in the Philippines. It provides -
- Historical (2019-2023) and forecast (2024-2028) 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
- Identify and evaluate market opportunities using our 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 business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Context
- 3.1 Economic Performance
- 3.2 Political Environment and Policy
- 3.3 Demographics
- 3.4 Risk Profile
- 4 Construction Outlook
- 4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
- 4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
- 4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
- 5 Key Industry Participants
- 5.1 Contractors
- 5.2 Consultants
- 6 Construction Market Data
- 7 Appendix
- 7.1 What is this Report About?
- 7.2 Definitions
- 7.3 CRI Methodology
- About GlobalData
- Contact Us
- List of Tables
- Table 1: South Korea Ready Meals Market Value (KRW m) and Growth (Y-o-Y), 2018-23
- Table 2: South Korea Ready Meals Market Value (KRW m) and Growth (Y-o-Y), 2024-28
- Table 3: South Korea Ready Meals Market Value (USD m) and Growth (Y-o-Y), 2018-28
- Table 4: South Korea Ready Meals Market Value (KRW m) by Segments, 2018-23
- Table 5: South Korea Ready Meals Market Value (KRW m) by Segments, 2023-28
- Table 6: South Korea Ready Meals Market Value (USD m) by Segments, 2018-23
- Table 7: South Korea Ready Meals Market Value (USD m) by Segments, 2023-28
- Table 8: South Korea Ready Meals Market Volume (Kg m) and Growth (Y-o-Y), 2018-28
- Table 9: South Korea Ready Meals Market Volume (kg m) by Segments, 2018-23
- Table 10: South Korea Ready Meals Market Volume (kg m) by Segments, 2023-28
- Table 11: South Korea Ambient Ready Meals Market by Value (KRW m), 2018-23
- Table 12: South Korea Ambient Ready Meals Market by Value (KRW m), 2024-28
- Table 13: South Korea Ambient Ready Meals Market by Value (USD m), 2018-28
- Table 14: South Korea Ambient Ready Meals Market by Volume (Kg m), 2018-28
- Table 15: South Korea Chilled Ready Meals Market by Value (KRW m), 2018-28
- Table 16: South Korea Chilled Ready Meals Market by Value (USD m), 2018-28
- Table 17: South Korea Chilled Ready Meals Market by Volume (Kg m), 2018-28
- Table 18: South Korea Dried Ready Meals Market by Value (KRW m), 2018-28
- Table 19: South Korea Dried Ready Meals Market by Value (USD m), 2018-28
- Table 20: South Korea Dried Ready Meals Market by Volume (Kg m), 2018-28
- Table 21: South Korea Frozen Ready Meals Market by Value (KRW m), 2018-28
- Table 22: South Korea Frozen Ready Meals Market by Value (USD m), 2018-28
- Table 23: South Korea Frozen Ready Meals Market by Volume (Kg m), 2018-28
- Table 24: South Korea Ready Meals Market Value by Brands (KRW m), 2020-23
- Table 25: South Korea Ready Meals Market Value by Brands (USD m), 2020-23
- Table 26: South Korea Ready Meals Market Volume by Brands (Kg m), 2020-23
- Table 27: South Korea Ready Meals Market Value by Distribution Channel (KRW m), 2020-23
- Table 28: South Korea Ready Meals Market Value by Distribution Channel (USD m), 2020-23
- Table 29: Category Definitions - Ready Meals Market
- Table 30: Distribution Channel Definitions Ready Meals Market
- Table 31: Volume Units for Ready Meals Market
- Table 32: South Korea Exchange Rate KRW - USD (Annual Average), 2018 - 2023
- Table 33: South Korea Exchange Rate KRW - USD (Annual Average), 2024 - 2028 Forecast
- List of Figures
- Figure 1: South-East Asia, Construction Output (Real % Change), 2022-28
- Figure 2: The Philippines, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
- Figure 3: The Philippines, Risk Summary
- Figure 4: The Philippines, Risk Regional Comparison
- Figure 5: The Philippines, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
- Figure 6: The Philippines, Construction Output Value, by Sector (Real, $ Million), 2019-28
- Figure 7: The Philippines, Construction Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 8: The Philippines, Gross Fixed Capital Formation in Construction (PHP Billion, 2018 Constant Prices)
- Figure 9: The Philippines, Construction Materials Retail Price Index in the National Capital Region (2012=100)
- Figure 10: The Philippines, Loans Outstanding for Construction (PHP Billion)
- Figure 11: The Philippines, Construction Projects Momentum Index
- Figure 12: South-East Asia, Construction Projects Momentum Index
- Figure 13: The Philippines, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
- Figure 14: The Philippines, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 15: The Philippines, Accommodation and Food Service Activities Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 16: The Philippines, Loans Outstanding for Accommodation and Food Service Activities (PHP Billion)
- Figure 17: The Philippines, Wholesale and Retail Trade Value-Add, at 2018 Constant Prices, % Change YoY
- Figure 18: The Philippines, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
- Figure 19: The Philippines, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 20: The Philippines, Mining and Quarrying Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 21: The Philippines, Manufacturing Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 22: The Philippines, Loans Outstanding for Manufacturing (PHP Billion)
- Figure 23: The Philippines, Total Exports ($ Billion)
- Figure 24: The Philippines, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
- Figure 25: The Philippines, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 26: The Philippines, Transportation and Storage Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 27: The Philippines, Loans Outstanding for Transportation and Storage (PHP Billion)
- Figure 28: The Philippines, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
- Figure 29: The Philippines, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 30: The Philippines, Electricity Generation, Steam, Water, and Waste Management Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 31: The Philippines, Information and Communication Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 32: The Philippines, Loans Outstanding for Electricity, Gas, Steam and Air-Conditioning Supply (PHP Billion)
- Figure 33: The Philippines, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
- Figure 34: The Philippines, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 35: The Philippines, Education Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 36: The Philippines, Human Health and Social Work Activities Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 37: The Philippines, Loans Outstanding for Education (PHP Billion)
- Figure 38: The Philippines, Loans Outstanding for Human Health and Social Work Activities (PHP Billion)
- Figure 39: The Philippines, Residential Construction Output by Project Type (Real, $ Million), 2019-28
- Figure 40: The Philippines, Residential Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 41: The Philippines, Real estate and Ownership of Dwellings Value-Add (PHP Billion, 2018 Constant Prices)
- Figure 42: The Philippines, Loans Outstanding for Real Estate Activities (PHP Billion)
- Figure 43: The Philippines, Headquarters of Key Contractors (% of Total Project Pipeline)
- Figure 44: The Philippines, Headquarters of Key Consultants (% of Total Project Pipeline)
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