Philippines Construction Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
• The Filipino construction industry had total revenues of $61.5 billion in 2022, representing a compound annual growth rate (CAGR) of 5.1% between 2017 and 2022.
• The non-residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $41.9 billion, equivalent to 68.1% of the industry's overall value.
• The rise in urbanization owing to the increase in urban population has led to growth in the construction industry. According to in-house research, the urbanization rate increased by 5.5% in 2022.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in Philippines
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Philippines
• Leading company profiles reveal details of key construction market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the Philippines construction market with five year forecasts

Reasons to Buy

• What was the size of the Philippines construction market by value in 2022?
• What will be the size of the Philippines construction market in 2027?
• What factors are affecting the strength of competition in the Philippines construction market?
• How has the market performed over the last five years?
• What are the main segments that make up Philippines's construction market?