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Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The sector’s output over the forecast period will be supported by supported by public and private sector investment in the construction of new residential buildings and President Marcos Jr’s flagship housing program, which aims to build one million housing units per year from 2023 to 2028. Residential construction: The project types in this sector include single-family housing and multi-family housing. The residential construction sector dominated the market in 2022, followed by infrastructure construction. The key sectors in the Philippines construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. Philippines Construction Market Segmentation by Sectors Japan International Cooperation Agency, Ramboll Group AS, Hamburg Port Consulting GmbH, Katahira & Engineers International, Oriental Consultants Holdings Company Limited, Tonichi Engineering Consultants Inc, Pacific Consultants Co Ltd, Engineering and Development Corporation of the Philippines, DCCD Engineering Corp, and Schema Konsult Inc Yuchengco Group of Companies, Citicore Holdings Investment Inc, Ayala Corp, Quanta Services Inc, San Miguel Corp, POSCO, Bouygues SA, F.F Cruz Co Inc, PIA Development Consortium, and Shimizu Corp. Market Size (2022)Ĭommercial Construction, Industrial Construction, Infrastructure Construction, Energy and Utilities Construction, Institutional Construction, and Residential Construction It also provides information on the mega-project pipeline, focusing on development stages and participants, as well as listings of major projects in the pipeline. Furthermore, it also provides a critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Philippines’s construction industry. The Philippines construction market research report provides detailed market analysis, information, and insights into Philippines’s construction industry, including the industry’s growth prospects by market, project type and construction activity.

Philippines Construction Market Overview, 2022-2027 ($ Billion)įor more insights into the Philippines construction market, download a free report sample Forecast-period growth in the Philippine construction industry will also be supported by a strong pipeline of construction projects.

In the short term, however, rising inflation and the subsequent rise in construction material prices and interest rates may weigh on the industry’s output. supported by a gradual recovery in tourism and leisure and hospitality activities, coupled with investments in the Build, Better, More (BBM) program. The market is projected to grow at an AAGR of more than 7% during the period 2024-2027. The Philippines construction market was valued at $59.5 billion in 2022.

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