Market Forecast By Types (Mobile Cranes, Construction Tractor and Bulldozer, Earthmoving Equipment (Loaders, Excavators, Motor Grader)), Aerial Work Equipment (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment (Telescopic Handlers, Forklifts), Dump Trucks, Road Construction Equipment (Pavers, Road Rollers), By Applications (Corporate Enterprise, Oil and Gas, Mining), Others (Municipality and Road Construction) and Competitive Landscape
Product Code: ETC002007 | Publication Date: Mar 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Philippines Construction Equipment Market is expected to register enormous growth on the back of several growth aspects. The market has been through several latest development and projects in the past few years. The government has launched several infrastructure projects to boost economic growth and create jobs. Additionally, the construction industry in the Philippines has attracted significant foreign investment, with many foreign companies entering the market. As a result, this has led to the introduction of new construction equipment and technologies. Moreover, local manufacturers in the Philippines are investing in research and development and increasing their production capacity to meet the growing demand for construction equipment.
There is a growing demand for green construction equipment such as hybrid and electric-powered machines. Due to this, several companies have started introducing eco-friendly construction equipment in the Philippines market to gain a competitive edge. The Philippines construction equipment industry is forecast to grow in the forthcoming years through the government's infrastructure projects and the expansion of local manufacturers. The Philippines construction equipment industry is expected to experience growth in the coming years due to government infrastructure projects, urbanization, technological advancements, and foreign investment in various sectors, including construction.
The Philippines construction equipment market has witnessed growth over the past few years primarily due to the increasing number of construction projects, growing urbanization coupled with a rising number of housing projects in the country. However, the Philippines ' economy is likely to witness a slowdown during the first three quarters of 2020, due to the outbreak of the Covid-19 pandemic. Though the economic scenario in the Philippines is expected to recover during the second half of 2020, and the construction equipment market in the Philippines is also likely to recover gradually over the years to come.
According to 6Wresearch, the Philippines Construction Equipment Market size is likely to witness growth during 2020-2026. This growth is primarily attributed to government initiatives towards the growth of the construction sector in the country. For instance, the ‘Build, Build, Build” infrastructure development plan introduced by the Philippines government has increased the demand for construction equipment in the Philippines over the past few years. Additionally, upcoming public infrastructure projects such as South Commuter Railway and Edsa Greenways Pedestrian Walkways will further spur the demand for the country construction equipment market in the Philippines during the forecast period.
In terms of equipment types, Self-Propelled road making and earthmoving equipment lead the overall Philippines construction equipment market primarily due to growing public infrastructure facilities in the country. Additionally, cranes and material-handling equipment are also registering significant growth in the country.
The Philippines construction equipment market report thoroughly covers the market by equipment types, equipment sub-segment types, applications, and regions. The Philippines construction equipment market outlook report provides an unbiased and detailed analysis of the ongoing Philippines construction equipment market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Philippines construction equipment market is anticipated to register sound revenues during the forecast period 2020-26F backed by the exponential growth of the mining domain coupled with an increase in the demand for metal and copper which is expected to extract resources by using construction equipment such as backhoe loader along with rising transferring of goods domestically and would create lucrative opportunity in the coming years. Further, an increase in the foreign direct investment for the potential growth of the mining sector which is leading to more construction projects along with high construction equipment demand and would benefit the Philippines construction equipment market during the forecast period.
The Philippines construction equipment market report provides a detailed analysis of the following market segments:
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 Construction Equipment Market Overview |
3.1 Philippines Construction Equipment Market Revenues & Volume (2016-2026) |
3.2 Philippines Construction Equipment Market Industry Life Cycle |
3.3 Philippines Construction Equipment Market Porter’s Five Forces Model |
3.4 Philippines Construction Equipment Market Revenue and Volume Share, By Equipment Types (2019 & 2026) |
3.5 Philippines Construction Equipment Market Revenue Share, By Applications (2019 & 2026) |
3.6 Philippines Construction Equipment Market Revenue Share, By Regions (2019 & 2026) |
4 Philippines Construction Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Construction Equipment Market Trends |
6 Philippines Construction Equipment Market - Distribution Channel Analysis |
7 Philippines Construction Equipment Market - Price Trend Analysis |
8 Philippines Cranes Market Overview |
8.1 Philippines Cranes Market Revenues & Volume (2016-2026) |
8.2 Philippines Cranes Market Revenues & Volume Share, By Types (2019 & 2026) |
8.2.1 Philippines Mobile Cranes Market Revenues & Volume (2016-2026) |
8.2.2 Philippines Crawler Cranes Market Revenues & Volume (2016-2026) |
8.2.3 Philippines Tower Cranes Market Revenues & Volume (2016-2026) |
9 Philippines Construction Tractors & Bulldozers Market Overview |
9.1 Philippines Construction Tractors & Bulldozers Market Revenues & Volume (2016-2026) |
10 Philippines Earth Moving Equipment Market Overview |
10.1 Philippines Earth Moving Equipment Market Revenues & Volume (2016-2026) |
10.2 Philippines Earth Moving Equipment Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.1 Philippines Loaders Market Revenues & Volume (2016-2026) |
10.2.2 Philippines Loaders Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.2.1 Philippines Wheeled Loaders Market Revenues & Volume (2016-2026) |
10.2.2.2 Philippines Skid Steer Loaders Market Revenues & Volume (2016-2026) |
10.2.2.3 Philippines Backhoe Loaders Market Revenues & Volume (2016-2026) |
10.2.2.4 Philippines Compact Track Loaders Market Revenues & Volume (2016-2026) |
10.2.3 Philippines Excavators Market Revenues & Volume (2016-2026) |
10.2.4 Philippines Excavators Market Revenues & Volume Share, By Types (2019 & 2026) |
10.2.4.1 Philippines Tracked Excavators Market Revenues & Volume (2016-2026) |
10.2.4.2 Philippines Mini Excavators Market Revenues & Volume (2016-2026) |
10.2.4.3 Philippines Wheeled Excavators Market Revenues & Volume (2016-2026) |
10.2.5 Philippines Motor Grader Market Revenues & Volume (2016-2026) |
11 Philippines Material Handling Equipment Market Overview |
11.1 Philippines Material Handling Equipment Market Revenues & Volume (2016-2026) |
11.2 Philippines Material Handling Equipment Market Revenues & Volume Share, By Types (2019 & 2026) |
11.2.1 Philippines Forklift Market Revenues & Volume (2016-2026) |
11.2.2 Philippines Telescopic Handler Market Revenues & Volume (2016-2026) |
12 Philippines Dump Trucks Market Overview |
12.1 Philippines Dump Trucks Market Revenues & Volume (2016-2026) |
13 Philippines Aerial Work Equipment Market Overview |
13.1 Philippines Aerial Work Platform Market Revenues & Volume (2016-2026) |
13.2 Philippines Aerial Work Platform Market Revenues & Volume Share, By Types (2019 & 2026) |
13.2.1 Philippines Articulated Boom lift Market Revenues & Volume (2016-2026) |
13.2.2 Philippines Scissor Lift Market Revenues & Volume (2016-2026) |
13.2.3 Philippines Telescopic Boom lift Market Revenues & Volume (2016-2026) |
14 Philippines Road Construction Equipment Market Overview |
14.1 Philippines Road Construction Market Revenues & Volume (2016-2026) |
14.2 Philippines Road Construction Market Revenues & Volume Share, By Types (2019 & 2026) |
14.2.1 Philippines Paver Market Revenues & Volume (2016-2026) |
14.2.2 Philippines Road Roller Market Revenues & Volume (2016-2026) |
15 Philippines Construction Equipment Market Overview, By Applications |
15.2 Philippines Construction Equipment Market Revenues, By Construction Application (2016-2026) |
15.3 Philippines Construction Equipment Market Revenues, By Oil & Gas Application (2016-2026) |
15.4 Philippines Construction Equipment Market Revenues, By Mining Application (2016-2026) |
15.5 Philippines Construction Equipment Market Revenues, By Other Applications (2016-2026) |
16 Philippines Construction Equipment Market Overview, By Regions |
16.2 Philippines Construction Equipment Market Revenues, By Northern Region (2016-2026) |
16.3 Philippines Construction Equipment Market Revenues, By Southern Region (2016-2026) |
16.4 Philippines Construction Equipment Market Revenues, By Eastern Region (2016-2026) |
16.5 Philippines Construction Equipment Market Revenues, By Western Region (2016-2026) |
17 Philippines Construction Equipment Market - Government Initiatives / Regulations |
18 Philippines Construction Equipment Market - Key Performance Indicators |
19 Philippines Construction Equipment Market Opportunity Assessment |
19.1 Philippines Construction Equipment Market Opportunity Assessment, By Types (2026) |
19.2 Philippines Construction Equipment Market Opportunity Assessment, By Applications (2026) |
20 Philippines Construction Equipment Market Competitive Landscape |
20.1 Philippines Construction Equipment Market, By Players’ Revenue Share (2019) |
20.2 Philippines Construction Equipment Market, By Players’ Competitive Benchmarking, By Operating Parameters |
21 Key Strategic Pointers |
22 Disclaimer |