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Philippines Construction Market Report- Latest news and developments | Present Data and Deep Analysis 2021-2027

The in-depth analysis of the historical data provides the Philippines Construction Market report offering vital information about the market status for the forecast period. Exhaustive research and analysis of the vital market segments such as, top market players across different geographical locations, their products and the end-users can help to understand the product trend, challenges, revenue, and growth factors. Philippines Construction Market also provides meaningful insight regarding the market size, market status, growth rate, future trends, market drivers, opportunities and challenges etc. Further, the report delivers details regarding the restraints, channels, and distributors, sales dynamics, and profit margin etc for the Philippines Construction Market.

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The Philippine construction industry continues to be severely affected by the disruption caused by the Coronavirus (COVID-19) pandemic. The industry had been the fastest growing in the Asia-Pacific before the pandemic, recording growth of 9.1% in real terms in 2019, following growth of 14.9% in 2018. However, following a sharp contraction of 30.3% in 2020, construction output fell in Q1 2021, falling by 27.2%, due to the impact of containment measures on the progress of construction projects across much of the country.

RNR expects the Philippine construction industry to record growth of 21.9% in 2021, with output surpassing pre-pandemic levels in 2023. In 2022, the industry is projected to register growth of 14.9%, and then expand by an annual average rate of 7.8% over the remainder of the forecast period (2023-2025). Government programs promoting the development of affordable housing, transport and renewable energy infrastructure are expected to continue to support the expansion of the industry in the coming years.

In October 2020, the House of Representatives approved the PHP4.5 trillion (US$86.4 billion) national budget for 2021, equivalent to 21.8% of GDP – a budget 9.9% higher than last year’s budget of PHP4.1 trillion (US$79.2 billion). The Fiscal Year (FY) 2021 budget will focus on improving the healthcare system and increasing investment in public and digital infrastructure. Support will also be provided by the implementation of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), effective from 1st January, 2021; the scheme will run until 30th June, 2023. CREATE will reduce a corporate income tax from 30% to 25%, and is hoped to bolster increased foreign investment. In February 2021, the government announced plans to raise a fund of PHP454.5 billion (US$23.7 billion) to finance major infrastructure development projects.

This 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 of this Report-
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 Philippine, 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 this Report-
– 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.

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Table of Contents
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 COVID-19 Status
3.5 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

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