| Product Code: ETC316229 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The building construction import shipments in the Philippines continued to see significant growth in 2024, with China, Malaysia, Hong Kong, Vietnam, and Indonesia emerging as the top exporting countries. The market remained highly concentrated, with a high Herfindahl-Hirschman Index (HHI). The impressive Compound Annual Growth Rate (CAGR) from 2020 to 2024 stood at 69.06%, indicating a robust upward trend in the industry. Moreover, the exceptional growth rate of 225.13% from 2023 to 2024 highlights the accelerated pace at which the Philippines` construction sector is expanding, driven by imports from key trading partners.

In the digital age, the Philippines website builder market has flourished with a robust CAGR of 7%. As businesses and individuals recognize the importance of a strong online presence, the demand for user-friendly website building platforms has surged. This trend is expected to persist as more entrepreneurs and organizations seek to establish themselves online.
The growth of the building construction market in the Philippines is primarily driven by urbanization, population growth, and infrastructure development. The demand for residential, commercial, and industrial spaces fuels the construction sector. The market growth is also supported by government investments in public infrastructure, private real estate projects, and the need to modernize urban areas.
The building construction market in the Philippines faces challenges related to urbanization and infrastructure development. Balancing the need for rapid construction with sustainable practices and adhering to building codes is a significant challenge. Additionally, the industry must address issues of land scarcity and rising construction costs while meeting the growing demand for quality housing and commercial spaces.
The Philippines building construction market has been significantly impacted by the COVID-19 pandemic. With lockdowns and restrictions on construction activities, the demand for building construction services has declined. As construction projects resume and the country`s economy recovers, the market is expected to gradually regain its momentum.
Key Players in the market include Aboitiz Construction Group, Inc., EEI Corporation, Megawide Construction Corporation, D.M. Consunji, Inc., and First Balfour, Inc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Building Construction Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Building Construction Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Building Construction Market - Industry Life Cycle |
3.4 Philippines Building Construction Market - Porter's Five Forces |
3.5 Philippines Building Construction Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Building Construction Market Revenues & Volume Share, By Construction Type, 2021 & 2031F |
3.7 Philippines Building Construction Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Philippines Building Construction Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Philippines Building Construction Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government investments in infrastructure projects |
4.2.2 Urbanization and population growth |
4.2.3 Increasing demand for sustainable and green buildings |
4.3 Market Restraints |
4.3.1 Fluctuating raw material costs |
4.3.2 Regulatory challenges and bureaucratic hurdles |
4.3.3 Skilled labor shortages |
5 Philippines Building Construction Market Trends |
6 Philippines Building Construction Market, By Types |
6.1 Philippines Building Construction Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Building Construction Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Building Construction Market Revenues & Volume, By Residential, 2021-2031F |
6.1.4 Philippines Building Construction Market Revenues & Volume, By Non-residential, 2021-2031F |
6.2 Philippines Building Construction Market, By Construction Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Building Construction Market Revenues & Volume, By New Construction, 2021-2031F |
6.2.3 Philippines Building Construction Market Revenues & Volume, By Renovation, 2021-2031F |
6.3 Philippines Building Construction Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Building Construction Market Revenues & Volume, By Owned, 2021-2031F |
6.3.3 Philippines Building Construction Market Revenues & Volume, By Rental, 2021-2031F |
6.4 Philippines Building Construction Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Philippines Building Construction Market Revenues & Volume, By Private, 2021-2031F |
6.4.3 Philippines Building Construction Market Revenues & Volume, By Public, 2021-2031F |
7 Philippines Building Construction Market Import-Export Trade Statistics |
7.1 Philippines Building Construction Market Export to Major Countries |
7.2 Philippines Building Construction Market Imports from Major Countries |
8 Philippines Building Construction Market Key Performance Indicators |
8.1 Number of new building permits issued |
8.2 Adoption rate of sustainable construction practices |
8.3 Infrastructure spending as a percentage of GDP |
8.4 Construction project completion rates |
8.5 Labor productivity in the construction sector |
9 Philippines Building Construction Market - Opportunity Assessment |
9.1 Philippines Building Construction Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Building Construction Market Opportunity Assessment, By Construction Type, 2021 & 2031F |
9.3 Philippines Building Construction Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Philippines Building Construction Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Philippines Building Construction Market - Competitive Landscape |
10.1 Philippines Building Construction Market Revenue Share, By Companies, 2024 |
10.2 Philippines Building Construction Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |