Construction in the Philippines - Key Trends and Opportunities to 2023

Publisher Name :
Date: 05-Apr-2019
No. of pages: 54
Inquire Before Buying

Construction in the Philippines - Key Trends and Opportunities to 2023

Summary

The Philippine construction industry registered a growth of 15.1% in real terms in 2018. This was preceded by an average annual growth of 9.6% during the preceding four years. Growth during the review period (2014-2018) was driven by positive developments in regional economic conditions and government investment in residential, transport and energy infrastructure.

The industry's output value is expected to continue to expand in real terms over the forecast period (2019-2023), driven by the government's plans to upgrade the country's transport infrastructure. In addition, public and private sector investments in residential, commercial and educational infrastructure construction projects are expected to support growth in the industry over the forecast period. The government's investment in the development of the country's transport infrastructure under the Build, Build, Build program is expected to support industry growth. In the 2019 budget, the government proposed to spend PHP909.7 billion (US$17.2 billion) under the Build, Build, Build program to develop the country's crumbling transport infrastructure. In addition, the government's aim to improve local energy resources is expected to support investment in energy infrastructure projects, which will in turn fuel growth in the industry.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 8.60% over the forecast period.

GlobalData's "Construction in the Philippines - Key Trends and Opportunities to 2023", 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.

Key Highlights

- GlobalData expects the residential construction market to retain its leading position over the forecast period and account for 34.7% of the industry's total value in 2023, driven by ongoing urbanization, population growth and positive developments in regional economic conditions. The government's efforts to build affordable housing units for the country's low- and middle-income population in order to address the country's housing shortage are also expected to support the market over the forecast period.

- In February 2019, the government approved the proposed 2019 budget, with a total expenditure of PHP3.8 trillion (US$72.2 billion) - an increase of 13.1% over the 2018 budget. Priority investments outlined by the government under this budget include infrastructure development, social services and poverty reduction. The government is planning to spend 36.7% of the total 2019 budget on social services such as education, healthcare, culture and manpower development, welfare and employment, housing and community development and social security.

- GlobalData expects the energy and utilities construction market to register a forecast-period CAGR of 12.21% in nominal terms, driven by the government's efforts to promote renewable energy. To reduce the country's reliance on imported energy, cut carbon emissions and generate more electricity through renewable sources, the government is developing renewable energy infrastructure. Accordingly, the government plans to increase the country's renewable energy installed capacity to 20,000MW by 2040 under the Philippine Energy Plan (PEP) 2017-2040.

- Forecast-period growth in the infrastructure construction market will be driven by public and private sector investments in the development and modernization of the country's transport infrastructure. According to the Department of Budget and Management, the government plans to invest PHP36.2 billion (US$686.5 million) on ten flagship infrastructure projects in 2019. Accordingly, the government is set to implement five railway projects, three bridge and road construction projects and two flood control projects that year.

- The total construction project pipeline in the Philippines - as tracked by GlobalData, and including all mega projects with a value above US$25 million - stands at PHP19.1 trillion (US$361.6 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards early-stage projects, with 55.0% of the pipeline value being in projects in the pre-planning and planning stages as of April 2019.

Scope

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

- Historical (2014-2018) and forecast (2019-2023) 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.

Construction in the Philippines - Key Trends and Opportunities to 2023

Table of Contents
1. EXECUTIVE SUMMARY
2. CONSTRUCTION OUTLOOK: AT-A-GLANCE
3. LATEST NEWS AND INDICATORS
4. KEY DRIVERS AND RISKS
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5. CONSTRUCTION OUTLOOK
5.1. All Construction
5.1.1. Outlook
5.1.2. Project analytics
5.2. Commercial Construction
5.2.1. Outlook
5.2.2. Project analytics
5.3. Industrial Construction
5.3.1. Outlook
5.3.2. Project analytics
5.4. Infrastructure Construction
5.4.1. Outlook
5.4.2. Project analytics
5.5. Energy and Utilities Construction
5.5.1. Outlook
5.5.2. Project analytics
5.6. Institutional Construction
5.6.1. Outlook
5.6.2. Project analytics
5.7. Residential Construction
5.7.1. Outlook
5.7.2. Project analytics
6. KEY INDUSTRY PARTICIPANTS
6.1. Contractors
6.2. Consultants
7. APPENDIX
7.1. What is this Report About?
7.2. Definitions
8. ABOUT GLOBALDATA
8.1. GlobalData at a Glance
8.2. GlobalData Construction
8.3. Disclaimer
8.4. Contact Us

List of Tables
Table 1: Construction Outlook
Table 2: Philippines, Key Economic Indicators
Table 3: Philippines, Construction Output Value (nominal, PHP Billion)
Table 4: Philippines, Construction Output Value (nominal, US$ Million)
Table 5: Philippines, Top Commercial Construction Projects by Value
Table 6: Philippines, Top Industrial Construction Projects by Value
Table 7: Philippines, Top Infrastructure Construction Projects by Value
Table 8: Philippines, Top Energy and Utilities Construction Projects by Value
Table 9: Philippines, Top Institutional Construction Projects by Value
Table 10: Philippines, Top Residential and Mixed-Use Construction Projects by Value
Table 11: Philippines, Key Contractors
Table 12: Philippines, Key Consultants
Table 13: GlobalData Construction Market Definitions
Table 14: Construction Risk Index Ratings and Scores

List of Figures
Figure 1: Key Markets, Construction Output Growth Matrix and Risk Matrix
Figure 2: Philippines, Construction Projects Pipeline by Sector (PHP Billion)
Figure 3: Total Gross Fixed Capital Formation (PHP Million)
Figure 4: Building Permits Approved (Total Numbers)
Figure 5: Residential Real Estate Price Index
Figure 6: Philippines, Risk Profile
Figure 7: Philippines, Risk Comparison
Figure 8: Philippines, Construction Output Value (Real, US$ billion, 2017 prices and exchange rate)
Figure 9: Philippines, Construction Output Value, Growth Matrix
Figure 10: Philippines, Construction Output Value, by Sector (PHP Billion), 2014-2023
Figure 11: Philippines, Construction Projects Pipeline, Projected Annual Spending by Stage (PHP Billion), 2018-2023
Figure 12: Philippines, Construction Projects Pipeline, Value by Stage (PHP Billion)
Figure 13: Philippines, Commercial Construction Output by Project Type (PHP Billion), 2014-2023
Figure 14: Philippines, Commercial Construction Projects Pipeline, Value by Stage (PHP Billion)
Figure 15: Philippines, Commercial Construction Projects Pipeline, Projected Annual Spending by Stage (PHP Billion), 2018-2023
Figure 16: Philippines, Industrial Construction Output by Project Type (PHP Billion), 2014-2023
Figure 17: Philippines, Industrial Construction Projects Pipeline, Value by Stage (PHP Billion)
Figure 18: Philippines, Industrial Construction Projects Pipeline, Projected Annual Spending by Stage (PHP Billion), 2018-2023
Figure 19: Philippines, Infrastructure Construction Output by Project Type (PHP Billion), 2014-2023
Figure 20: Philippines, Infrastructure Construction Projects Pipeline, Value by Stage (PHP Billion)
Figure 21: Philippines, Infrastructure Construction Projects Pipeline, Projected Annual Spending by Stage (PHP Billion), 2018-2023
Figure 22: Philippines, Energy and Utilities Construction Output by Project Type (PHP Billion), 2014-2023
Figure 23: Philippines, Energy and Utilities Construction Projects Pipeline, Value by Stage (PHP Billion)
Figure 24: Philippines, Energy and Utilities Construction Projects Pipeline, Projected Annual Spending by Stage (PHP Billion), 2018-2023
Figure 25: Philippines, Institutional Construction Output by Project Type (PHP Billion), 2014-2023
Figure 26: Philippines, Institutional Construction Projects Pipeline, Value by Stage (PHP Billion)
Figure 27: Philippines, Institutional Construction Projects Pipeline, Projected Annual Spending by Stage (PHP Billion), 2018-2023
Figure 28: Philippines, Residential Construction Output by Project Type (PHP Billion), 2014-2023
Figure 29: Philippines, Residential Construction Projects Pipeline, Value by Stage (PHP Billion)
Figure 30: Philippines, Residential Construction Projects Pipeline, Projected Annual Spending by Stage (PHP Billion), 2018-2023
Figure 31: Philippines, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 32: Philippines, Headquarters of Foreign Contractors (% of Project Pipeline with Foreign Contractor)
Figure 33: Philippines, Headquarters of Key Consultants (% of Total Project Pipeline)
Figure 34: Philippines, Headquarters of Foreign Consultants (% of Project Pipeline with Foreign Consultants)
  • Global Shower Heads and Shower Panels Market Research Report 2020, Segment by Key Companies, Countries, Types, Applications and Forecast 2021 to 2026
    Published: 27-Mar-2020        Price: US 3200 Onwards        Pages: 204
    According to HJ Research's study, the global Shower Heads and Shower Panels market is estimated to be valued at XX Million US$ in 2019 and is projected to reach XX Million US$ by 2026, expanding at a CAGR of XX% during the forecast period. The report on Shower Heads and Shower Panels market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, industrial chain, etc. In this study, 2019 has been considered as......
  • Global Room Dividers Market Research Report 2020, Segment by Key Companies, Countries, Types, Applications and Forecast 2021 to 2026
    Published: 27-Mar-2020        Price: US 3200 Onwards        Pages: 210
    According to HJ Research's study, the global Room Dividers market is estimated to be valued at XX Million US$ in 2019 and is projected to reach XX Million US$ by 2026, expanding at a CAGR of XX% during the forecast period. The report on Room Dividers market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, industrial chain, etc. In this study, 2019 has been considered as the base year and 2020 to 2026 as......
  • Global Door Knobs Market Research Report 2020, Segment by Key Companies, Countries, Types, Applications and Forecast 2021 to 2026
    Published: 27-Mar-2020        Price: US 3200 Onwards        Pages: 203
    According to HJ Research's study, the global Door Knobs market is estimated to be valued at XX Million US$ in 2019 and is projected to reach XX Million US$ by 2026, expanding at a CAGR of XX% during the forecast period. The report on Door Knobs market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, industrial chain, etc. In this study, 2019 has been considered as the base year and 2020 to 2026 as the f......
  • Global Bathtub Market Research Report 2020, Segment by Key Companies, Countries, Types, Applications and Forecast 2021 to 2026
    Published: 27-Mar-2020        Price: US 3200 Onwards        Pages: 195
    According to HJ Research's study, the global Bathtub market is estimated to be valued at XX Million US$ in 2019 and is projected to reach XX Million US$ by 2026, expanding at a CAGR of XX% during the forecast period. The report on Bathtub market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, industrial chain, etc. In this study, 2019 has been considered as the base year and 2020 to 2026 as the forecas......
  • Global Wall Mounted Rimfree Toilets Market Research Report 2020, Segment by Key Companies, Countries, Types, Applications and Forecast 2021 to 2026
    Published: 27-Mar-2020        Price: US 3200 Onwards        Pages: 200
    According to HJ Research's study, the global Wall Mounted Rimfree Toilets market is estimated to be valued at XX Million US$ in 2019 and is projected to reach XX Million US$ by 2026, expanding at a CAGR of XX% during the forecast period. The report on Wall Mounted Rimfree Toilets market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, industrial chain, etc. In this study, 2019 has been considered as the......
  • Global Shower Heads and Shower Panels Market Research Report 2020
    Published: 27-Mar-2020        Price: US 2900 Onwards        Pages: 115
    The global Shower Heads and Shower Panels market is valued at US$ xx million in 2020 is expected to reach US$ xx million by the end of 2026, growing at a CAGR of xx% during 2021-2026. This report focuses on Shower Heads and Shower Panels volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Shower Heads and Shower Panels market size by analysing historical data and future prospect. Regionally, this......
  • Global Self-Cleaning Window Market Research Report 2020
    Published: 27-Mar-2020        Price: US 2900 Onwards        Pages: 124
    Global Self-Cleaning Window Market: Drivers and Restrains The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This s......
  • Global Structural Glass Curtain Walls Market Research Report 2020
    Published: 27-Mar-2020        Price: US 2900 Onwards        Pages: 116
    The global Structural Glass Curtain Walls market is valued at US$ 52070 million in 2020 is expected to reach US$ 84480 million by the end of 2026, growing at a CAGR of 7.2% during 2021-2026. This report focuses on Structural Glass Curtain Walls volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Structural Glass Curtain Walls market size by analysing historical data and future prospect. Regionall......
  • Global Cladding System Market Research Report 2015-2025
    Published: 26-Mar-2020        Price: US 1800 Onwards        Pages: 86
    Summary The global Cladding System market will reach xxx Million USD in 2020 with CAGR xx% 2020-2025. The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc. Based on products type, the report describes major products type share of regional market. Products mentioned as foll......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs