"The
Report Construction in the Philippines, Key Trends and Opportunities
to 2021 provides information on pricing, market analysis, shares,
forecast, and company profiles for key industry participants. -
MarketResearchReports.biz"
Synopsis
In
real terms, the Philippine construction industry registered an
average annual growth rate of 12.0% during the review period
(20122016). This growth was supported by the Philippines Development
Plan 20112016, under which the government invested heavily on
transport infrastructure projects, residential buildings and social
infrastructure. Investment in energy projects under the Philippines
Energy Plan 20122030 also contributed to growth during the review
period.
The
Philippine construction industry is expected to continue to grow over
the forecast period (20172021). Industry growth will be supported by
the countrys development plan 20172022, 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 20172022, 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
industrys 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.
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Report @ http://www.marketresearchreports.biz/analysis/1067979
Summary
Timetrics
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
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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
governments 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 countrys 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 governments 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.
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