The non-residential construction market in the Philippines is forecasted to grow steadily from 2024 to 2028. In 2023, the market stood at 179.47 billion Philippine Pesos. By 2024, it is expected to reach 184.32 billion Philippine Pesos, marking a 2.7% year-on-year increase. The trend continues with a 2.4% increase for 2025, 2.3% for 2026, 2.2% for 2027, and 2.1% for 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is approximately 2.34%, indicating a healthy but modest upward trajectory.

Future trends to watch for include:

Government infrastructure projects and their impact on non-residential construction demand.
Investment in technology and sustainable building practices.
Economic factors such as inflation, interest rates, and foreign direct investments.
Global economic conditions and their influence on local construction trends.