Construction in the Philippines, Key Trends and Opportunities to 2021

Published: May, 2017 | Pages: 81 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis
In real terms, the Philippine construction industry registered an average annual growth rate of 12.0% during the review period (2012-2016). This growth was supported by the Philippines Development Plan 2011-2016, under which the government invested heavily on transport infrastructure projects, residential buildings and social infrastructure. Investment in energy projects under the Philippines Energy Plan 2012-2030 also contributed to growth during the review period.

The Philippine construction industry is expected to continue to grow over the forecast period (2017-2021). Industry growth will be supported by the country's development plan 2017-2022, as well as population growth, urbanization, and favorable government policies with regards to public-private partnerships (PPPs).

In February 2017, the government launched the Philippines Development Plan 2017-2022, with an aim to make the Philippines an upper-middle-income country by 2022. Consequently, it plans to reduce unemployment from 5.5% in 2016 to 3.0% by 2022.

The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 9.79% over the forecast period; compared to 10.68% during the review period.

Summary
Timetric's Construction in the Philippines, Key Trends and Opportunities to 2021 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

• Analysis of equipment, material and service costs for each project type in the Philippines

• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Philippine construction industry

• Profiles of the leading operators in the Philippine construction industry

• Data highlights of the largest construction projects in the Philippines

Scope
This report provides a comprehensive analysis of the construction industry in the Philippines. It provides:

• Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in the Philippines using construction output and value-add methods

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

• Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

• Analysis of key construction industry issues, including regulation, cost management, funding and pricing

• Detailed profiles of the leading construction companies in the Philippines

Reasons To Buy
• Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.

• Assess business risks, including cost, regulatory and competitive pressures.

• Evaluate competitive risk and success factors.

Key Highlights
• The government's plan to bridge gap between the demand and supply of affordable houses in the country is expected to support the growth of the residential construction market over the forecast period. According to the government estimate, demand for housing units is growing by 345,941 units annually and it is expected to reach to 6.2 million units by 2030. To meet this, the government plans to provide financial assistance to middle- and low-income families through various programs, such as the Pag-IBIG Affordable Housing Program, Community Mortgage Program (CMP), Core Housing Program and the Abot-Kaya Pabahay Fund Developmental Loan Program (AKPF - DLP).

• With robust and modern infrastructure vital for economic growth, the government is focusing on infrastructure development. Accordingly, in September 2016, the National Economic and Development Authority announced its plan to spend PHP8.2 trillion (US$173.9 billion) on nine infrastructure projects by 2022.

• In the Budget 2017, the government increased its total spending on the Department of Transport by 25.0%, rising from PHP42.6 billion (US$903.3 million) in the budget 2016 to reach PHP53.3 billion (US$1.1 billion). The government also increased the budget of Department of Public Works and Highways by 18.3%, rising from PHP384.4 billion (US$8.2 billion) in 2016 to PHP454.7 billion (US$9.8 billion) in 2017, to improve the country's transport infrastructure.

• In March 2017, the government approved National broadband plan with an aim to support economic development and growth. Through this, the government aims to create investment opportunities and ensure social and economic inclusion. Consequently, the government plans to deploy fiber optic cables and wireless technology across the country with an investment of PHP200.0 billion (US$4.3 billion), to equip all schools and government offices with a high speed internet connection.

• Over the forecast period, the government's plan to expand the capacity of manufacturing plants is expected to support growth of the industrial construction market. Under the Manufacturing Resurgence Program (MRP), the government aims to enhance the existing capacity of manufacturing industries, support new entries, increase employment, and maintain the competitiveness of industries by 2025.

 Table of Contents
1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: Ayala Land, Inc.
5.1 Ayala Land, Inc. - Company Overview
5.2 Ayala Land, Inc. - Business Description
5.3 Ayala Land, Inc. - Main Services
5.4 Ayala Land, Inc. - History
5.5 Ayala Land, Inc. - Company Information
5.5.1 Ayala Land, Inc. - key competitors
5.5.2 Ayala Land, Inc. - key employees
6 Company Profile: DMCI Holdings Inc.
6.1 DMCI Holdings Inc. - Company Overview
6.2 DMCI Holdings Inc. - Main Products and Services
6.3 DMCI Holdings Inc. - History
6.4 DMCI Holdings Inc. - Company Information
6.4.1 DMCI Holdings Inc. - key competitors
6.4.2 DMCI Holdings Inc. - key employees
7 Company Profile: EEI Corporation
7.1 EEI Corporation - Company Overview
7.2 EEI Corporation - Business Description
7.3 EEI Corporation - Main Services
7.4 EEI Corporation - History
7.5 EEI Corporation - Company Information
7.5.1 EEI Corporation - key competitors
7.5.2 EEI Corporation - key employees
8 Company Profile: Robinsons Land Corporation
8.1 Robinsons Land Corporation - Company Overview
8.2 Robinsons Land Corporation - Business Description
8.3 Robinsons Land Corporation - Main Products and Services
8.4 Robinsons Land Corporation - History
8.5 Robinsons Land Corporation - Company Information
8.5.1 Robinsons Land Corporation - key competitors
8.5.2 Robinsons Land Corporation - key employees
9 Company Profile: Century Properties Group Inc.
9.1 Century Properties Group Inc. - Company Overview
9.2 Century Properties Group Inc. - Main Services
9.3 Century Properties Group Inc. - History
9.4 Century Properties Group Inc. - Company Information
9.4.1 Century Properties Group Inc. - key competitors
9.4.2 Century Properties Group Inc. - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables
Table 1: Philippine Construction Output by Project Type (PHP Million), 2012-2016
Table 2: Philippine Construction Output by Project Type (PHP Million), 2016-2021
Table 3: Philippine Construction Output by Cost Type (PHP Million), 2012-2016
Table 4: Philippine Construction Output by Cost Type (PHP Million), 2016-2021
Table 5: Philippine Construction Output by Activity Type (PHP Million), 2012-2016
Table 6: Philippine Construction Output by Activity Type (PHP Million), 2016-2021
Table 7: Philippine Construction Value Add by Project Type (PHP Million), 2012-2016
Table 8: Philippine Construction Value Add by Project Type (PHP Million), 2016-2021
Table 9: Philippine Commercial Construction Output by Project Type (PHP Million), 2012-2016
Table 10: Philippine Commercial Construction Output by Project Type (PHP Million), 2016-  2021
Table 11: Philippine Commercial Construction Output by Cost Type (PHP Million), 2012-2016
Table 12: Philippine Commercial Construction Output by Cost Type (PHP Million), 2016-2021
Table 13: Philippine Commercial Construction Output by Activity Type (PHP Million), 2012-  2016
Table 14: Philippine Commercial Construction Output by Activity Type (PHP Million), 2016-  2021
Table 15: Philippine Commercial Construction Value Add by Project Type (PHP Million),   2012-2016
Table 16: Philippine Commercial Construction Value Add by Project Type (PHP Million),   2016-2021
Table 17: Philippine Industrial Construction Output by Project Type (PHP Million), 2012-2016
Table 18: Philippine Industrial Construction Output by Project Type (PHP Million), 2016-2021
Table 19: Philippine Industrial Construction Output by Cost Type (PHP Million), 2012-2016
Table 20: Philippine Industrial Construction Output by Cost Type (PHP Million), 2016-2021
Table 21: Philippine Industrial Construction Output by Activity Type (PHP Million), 2012-  2016
Table 22: Philippine Industrial Construction Output by Activity Type (PHP Million), 2016-  2021
Table 23: Philippine Industrial Construction Value Add by Project Type (PHP Million),   2012-2016
Table 24: Philippine Industrial Construction Value Add by Project Type (PHP Million),   2016-2021
Table 25: Philippine Infrastructure Construction Output by Project Type (PHP Million), 2012-  2016
Table 26: Philippine Infrastructure Construction Output by Project Type (PHP Million), 2016-  2021
Table 27: Philippine Infrastructure Construction Output by Cost Type (PHP Million), 2012-  2016
Table 28: Philippine Infrastructure Construction Output by Cost Type (PHP Million), 2016-  2021
Table 29: Philippine Infrastructure Construction Output by Activity Type (PHP Million), 2012-  2016
Table 30: Philippine Infrastructure Construction Output by Activity Type (PHP Million), 2016-  2021
Table 31: Philippine Infrastructure Construction Value Add by Project Type (PHP Million),   2012-2016
Table 32: Philippine Infrastructure Construction Value Add by Project Type (PHP Million),   2016-2021
Table 33: Philippine Energy and Utilities Construction Output by Project Type (PHP Million),   2012-2016
Table 34: Philippine Energy and Utilities Construction Output by Project Type (PHP Million),   2016-2021
Table 35: Philippine Energy and Utilities Construction Output by Cost Type (PHP Million),   2012-2016
Table 36: Philippine Energy and Utilities Construction Output by Cost Type (PHP Million),   2016-2021
Table 37: Philippine Energy and Utilities Construction Output by Activity Type (PHP Million),   2012-2016
Table 38: Philippine Energy and Utilities Construction Output by Activity Type (PHP Million),   2016-2021
Table 39: Philippine Energy and Utilities Construction Value Add by Project Type (PHP   Million), 2012-2016
Table 40: Philippine Energy and Utilities Construction Value Add by Project Type (PHP   Million), 2016-2021
Table 41: Philippine Institutional Construction Output by Project Type (PHP Million), 2012-  2016
Table 42: Philippine Institutional Construction Output by Project Type (PHP Million), 2016-  2021
Table 43: Philippine Institutional Construction Output by Cost Type (PHP Million), 2012-2016
Table 44: Philippine Institutional Construction Output by Cost Type (PHP Million), 2016-2021
Table 45: Philippine Institutional Construction Output by Activity Type (PHP Million), 2012-  2016
Table 46: Philippine Institutional Construction Output by Activity Type (PHP Million), 2016-  2021
Table 47: Philippine Institutional Construction Value Add by Project Type (PHP Million),   2012-2016
Table 48: Philippine Institutional Construction Value Add by Project Type (PHP Million),   2016-2021
Table 49: Philippine Residential Construction Output by Project Type (PHP Million), 2012-  2016
Table 50: Philippine Residential Construction Output by Project Type (PHP Million), 2016-  2021
Table 51: Philippine Residential Construction Output by Cost Type (PHP Million), 2012-2016
Table 52: Philippine Residential Construction Output by Cost Type (PHP Million), 2016-2021
Table 53: Philippine Residential Construction Output by Activity Type (PHP Million), 2012-  2016
Table 54: Philippine Residential Construction Output by Activity Type (PHP Million), 2016-  2021
Table 55: Philippine Residential Construction Value Add by Project Type (PHP Million), 2012-  2016
Table 56: Philippine Residential Construction Value Add by Project Type (PHP Million), 2016-  2021
Table 57: Ayala Land, Inc., Key Facts
Table 58: Ayala Land, Inc., Main Services
Table 59: Ayala Land, Inc., History
Table 60: Ayala Land, Inc., Key Employees
Table 61: DMCI Holdings Inc., Key Facts
Table 62: DMCI Holdings Inc., Main Products and Services
Table 63: DMCI Holdings Inc., History
Table 64: DMCI Holdings Inc., Key Employees
Table 65: EEI Corporation, Key Facts
Table 66: EEI Corporation, Main Services
Table 67: EEI Corporation, History
Table 68: EEI Corporation, Key Employees
Table 69: Robinsons Land Corporation, Key Facts
Table 70: Robinsons Land Corporation, Main Products and Services
Table 71: Robinsons Land Corporation, History
Table 72: Robinsons Land Corporation, Key Employees
Table 73: Century Properties Group Inc., Key Facts
Table 74: Century Properties Group Inc., Main Services
Table 75: Century Properties Group Inc., History
Table 76: Century Properties Group Inc., Key Employees
Table 77: Timetric Construction Market Definitions