Dublin, April 05, 2024 (GLOBE NEWSWIRE) -- The "The Philippines Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2024-2028" report has been added to ResearchAndMarkets.com's offering.
Construction industry in the Philippines to expand by 7% in real terms in 2024, supported by the government's focus on infrastructure and energy development.
As part of the 2024 State Budget announced in December 2023, the government allocated PHP214.3 billion ($3.8 billion) for infrastructure programs, under which, major transportation infrastructure projects such as development of the North-South Commuter Railway, the Metro Manila Subway Phase 1, the LRT-1 (Light Rail Transit) Cavite Extension, and the PNR South Long Haul will be carried out.
The publisher expects the construction industry in the Philippines to register an annual average growth rate of 7.1% between 2025 and 2028, supported by the government's focus on the development of transport and energy infrastructure, coupled with investment to develop affordable housing and social infrastructure. Investment in the country strengthened in 2023, a trend which is expected to continue this year.
Construction industry growth this year will also be supported by the funding of PHP164 billion ($2.9 billion) committed by the Department of Transportation (DOTr) to develop the country's rail transport system. Of the total, the North-South Commuter Railway (NSCR) will receive PHP76.3 billion ($1.3 billion) in 2024, the Metro Manila Subway Project (MMSP) will receive PHP68.4 billion ($1.2 billion) and the remaining PHP19.3 billion ($340.6 million) will be allocated to the Metro Rail Transit Line 3 (MRT-3) project.
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 the publisher'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 the publisher'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
3.1 Demographics
3.2 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/c6xmy6
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