Market Research Report Philippines Construction Industry Trends Report

Philippines Construction Industry Trends,
Opportunities and Market Report 2021
Market Research Hub (MRH) has recently announced the addition of a fresh report,
titled “Construction in the Philippines, Key Trends and Opportunities to 2021” to its
report offerings. The report analyzed construction industry is expected to continue
to grow over the forecast period (20172021). Industry growth will be supported by
the country’s development plan 20172022, as well as population growth,
urbanization, and favorable government policies with regards to public-private
partnerships (PPPs).
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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).