1. Market Research
  2. > Construction Market Trends
Construction in the Philippines - Key Trends and Opportunities to 2025 (Q3 2021)

Construction in the Philippines - Key Trends and Opportunities to 2025 (Q3 2021)

  • September 2021
  • 51 pages
  • ID: 6153393
  • Format: PDF
  • GlobalData

Summary

Table of Contents

Search Inside

Construction in the Philippines - Key Trends and Opportunities to 2025 (Q3 2021)

Summary
The Philippine construction industry was severely affected by the disruption caused by the COVID-19 pandemic, and as a result, the industry contracted by 30.3% in real terms in 2020. Following the sharp contraction in 2020, the industry registered marginal growth in the first half of this year, supported by improved progress on construction projects following an easing of restrictions.

The analyst expects the construction industry to record an annual growth of 21.9% in 2021, with output surpassing pre-pandemic levels in 2023; the sector’s output in the second half of this year will be supported by improving investor confidence and investment in transport, renewable energy, residential and commercial infrastructure projects. Additionally, the PHP4.5 trillion (US$86.4 billion) national budget for 2021 will focus on improving the healthcare system and increasing investment in public and digital infrastructure. The government is focusing on the development of renewable energy projects, in line with its target to increase the share of renewable energy in the total energy mix to 55.8% by 2040. The plan involves the production of 15.3GW of solar PV and wind capacity by 2040. The industry is projected to expand by an annual average rate of 9.6% over the remainder of the forecast period (2022-2025). The AmBisyon Natin 2040 programme, which promotes the development of affordable housing, transport and renewable energy infrastructure, is expected to drive the industry’s long-term growth.

An increase in Foreign Direct Investment (FDI) will also contribute to the industry’s growth momentum in the early part of the forecast period. According to the Philippines Statistic Authority (PSA), the total incoming foreign investment approved by the six Investment Promotion Agencies (IPAs) grew by 45.5% year-on-year (YoY) in the second quarter of 2021, increasing from PHP15.5 billion (US$310.2 million) in Q2 2020 to PHP22.5 billion (US$450.4 million) in Q2 2021.

Construction in the Philippines - Key Trends and Opportunities to 2025 (Q3 2021) 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.

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

It provides -
- Historical (2016-2020) and forecast (2021-2025) 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 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 critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Construction Outlook to 2025 (Q3 2021 Update)

  • $ 4950
  • September 2021
  • 94 pages

Global Construction Outlook to 2025 (Q3 2021 Update) Summary The global construction industry is rebounding at a rapid pace following the sharp decline in 2020, when construction activity slumped amid ...

  • World
  • Construction
  • Industry analysis
  • Construction Output
  • Construction GDP

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on