The "The Philippines Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (Q4 2024)" report has been added to ResearchAndMarkets.com's offering.

The Philippine construction industry was estimated to expand by 10.7% in real terms in 2024, supported by investment in infrastructure and energy development.

According to the Philippine Statistics Authority (PSA), the construction industry's value-add rose by 9% year on year (YoY) in Q3 2024, following YoY growths of 16.1% in Q2 and 7% in Q1 2024. According to the Bangko Sentral ng Pilipinas (BSP), the average value of the Philippine banking system's loans outstanding for construction by 13.4% YoY during the first eight months of 2024, preceded by an annual growth of 8.9% in 2023.

In October 2024, the government reported that five projects with a combined value of PHP28 billion ($505.8 million) are expected to be awarded by the end of 2024 or early 2025, which includes upgradation of New Bohol International Airport in Panglao, and the construction of a 300-bed cancer hospital in Manila among others.

However, high construction material prices, rising debt, falling Foreign Direct Investment (FDI), coupled with a cancellation of major projects can pose a downside risk to the construction industry over the short term. According to the Board of Investments (BOI), the total FDI received in the country fell by 1.8% YoY in the first three quarters of 2024, falling from PHP494.8 billion ($8.9 billion) in Q1-Q3 2023 to PHP485.9 billion ($8.8 billion) in Q1-Q3 2024.

The analyst expects the construction industry in the Philippines to register an annual average growth rate of 7.1% between 2025 and 2028, supported by investment in housing, infrastructure, and energy projects. The government plans to increase the share of renewable energy in its total power mix from 24% in 2020 to 35% by 2030 and 50% by 2040. The Board of Investments of the Philippines reported that through the 'green lane certificate', under which projects receive faster permits approval; it has endorsed 128 energy projects worth PHP3.9 trillion ($70.6 billion) as of September 2024

Scope

• Historical (2019-2023) and forecast (2024-2028) 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 our 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 business strategies using the analyst's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Topics Covered:

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 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

For more information about this report visit https://www.researchandmarkets.com/r/upyrn9

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250206623984/en/