Philippines Construction Equipment Market (2024-2030) | Size, Share, industry, Growth, Revenue, Analysis, Forecast, Outlook & COVID-19 IMPACT

Market Forecast by By Types (Mobile Cranes, Construction Tractors and Bulldozers, Earthmoving Equipment, Aerial Work Equipment, Material Handling Equipment, Dump Trucks, Road Construction Equipment), By Applications (Corporate Enterprise, Oil and Gas, Mining, Others (Municipality and Road Construction)) and Competitive Landscape

Product Code: ETC002007 Publication Date: Dec 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Topics Covered in Philippines Construction Equipment Market Report

The Philippines construction equipment market report thoroughly covers the market by types, and applications. 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.

Philippines Construction Equipment Market Synopsis

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.

According to 6Wresearch, Philippines Construction Equipment Market size is expected to rise at a CAGR of 6.5% during 2024-2030. The growth of this market 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's construction equipment market in the Philippines during the forecast period.

One of the key challenges faced by the Philippines construction equipment market is the shortage of skilled personnel in the industry. Due to a lack of adequately skilled workers, companies struggle to operate their equipment optimally, leading to reduced efficiency and productivity. Furthermore, the high cost of equipment remains a significant barrier to entry for small scale contractors and has led to several companies relying on second-hand or rented equipment. These challenges present opportunities for manufacturers of equipment to innovate and improve their products' efficiency, reducing operating costs and allowing small-scale contractors access to quality equipment.

Key Players of the Market

The Philippines construction equipment market is largely dominated by international players. However, local manufacturers such as Multico Prime Power, Monark Equipment, and United Auctioneers have made significant gains in recent years and have helped to build a solid local construction equipment industry. The entry of local manufacturers into the market has given contractors more options to choose from, potentially leading to better prices for construction equipment.

Construction Equipment Market in Philippines: Government Initiatives

The government of the country has initiated some tax reforms aimed at encouraging investment in the industry. The Corporate Income Tax and Incentives Reform Act (CITIRA) lowers the corporate income tax rates and rationalizes fiscal incentives to make the Philippines a more attractive investment destination, supporting the growth of the construction equipment market. The government has also made provisions for the importation of capital equipment at zero tariff.

The Philippine Government has been taking significant initiatives to promote the growth and development of the construction industry. The Philippine Build Build Build program, launched in 2017, has been the government's primary vehicle for implementing infrastructure projects and has led to significant growth in the sector. To support the program, the Duterte Administration has allocated around US$102 billion towards infrastructure projects over the span of 5 years. This strategy has helped to boost the growth of the construction equipment market, create jobs, and promote economic development.

Market Segmentation by Type

According to Shivankar, Research Manager, 6Wresearch, in the Philippines, the mobile crane segment has been experiencing steady growth over the years. The need for heavy construction and infrastructure projects such as high-rise buildings, bridges, and power plants has created a growing need for mobile cranes. The market for mobile cranes is estimated to continue its growth trajectory as the country invests more in development projects, including tourism infrastructure.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2020 to 2023.
  • Base Year: 2023
  • Forecast Data until 2030.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Philippines Construction Equipment Market Outlook
  • Market Size of Philippines Construction Equipment Market, 2023
  • Forecast of Philippines Construction Equipment Market, 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues & Volume for the Period 2020 - 2030
  • Philippines Construction Equipment Market Trend Evolution
  • Philippines Construction Equipment Market Drivers and Challenges
  • Philippines Construction Equipment Price Trends
  • Philippines Construction Equipment Porter's Five Forces
  • Philippines Construction Equipment Industry Life Cycle
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Type for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and Volume by Cranes for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Construction Tractor and Bulldozer for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Earthmoving Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Aerial Work Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Material Handling Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Dump Trucks for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Road Construction Equipment for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Application for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Corporate Enterprise for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Oil and Gas for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Mining for the Period 2020 - 2030
  • Historical Data and Forecast of Philippines Construction Equipment Market Revenues and volume by Others for the Period 2020 - 2030
  • Philippines Construction Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Philippines Construction Equipment Top Companies Market Share
  • Philippines Construction Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Philippines Construction Equipment Company Profiles
  • Philippines Construction Equipment Key Strategic Recommendation

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Types:

  • Mobile Cranes
  • Construction Tractor and Bulldozer
  • Earthmoving Equipment
  • Aerial Work Equipment
  • Material Handling Equipment
  • Dump Trucks
  • Road Construction Equipment

By Applications:

  • Corporate Enterprise
  • Oil and Gas
  • Mining
  • Others (Municipality and Road Construction)
Philippines Construction Equipment Market (2024-2030): FAQ
Government initiatives to support infrastructure development and the increasing adoption of advanced construction equipment technologies are some of the major growth drivers of the Philippines construction equipment market.
Lack of skilled labor, the high cost of construction equipment, and the shortage of raw materials are the key challenges faced by the market.
The adoption of telematics and advanced technologies such as GPS and IoT and the growing popularity of rental and leasing options are the key emerging trends in the market.
The Philippine Contractors Accreditation Board (PCAB), which is responsible for regulating and licensing contractors, and the Department of Trade and Industry (DTI), which oversees the importation of construction equipment are the regulations governing the construction equipment market.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Country Macro Economic Indicators
3.2 Philippines Construction Equipment Market  Revenues & Volume, 2020 & 2030F
3.3 Philippines Construction Equipment Market - Industry Life Cycle
3.4 Philippines Construction Equipment Market - Porter's Five Forces
3.5 Philippines Construction Equipment Market  Revenues & Volume Share, By Type, 2020 & 2030F
3.6 Philippines Construction Equipment Market  Revenues & Volume Share, By Application 2020 & 2030F
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 , By Type
6.1 Philippines Construction Equipment Market Revenues & Volume, By Mobile Cranes  2020 - 2030F
6.2 Philippines Construction Equipment Market Revenues & Volume, By Construction Tractor and Bulldozer, 2020 - 2030F
6.3 Philippines Construction Equipment Market Revenues & Volume, By Earthmoving Equipment, 2020 - 2030F
6.3 Philippines Construction Equipment Market Revenues & Volume, By Aerial Work Equipment, 2020 - 2030F
6.3 Philippines Construction Equipment Market Revenues & Volume, By Material Handling Equipment, 2020 - 2030F
6.3 Philippines Construction Equipment Market Revenues & Volume, By Dump Trucks, 2020 - 2030F
6.3 Philippines Construction Equipment Market Revenues & Volume, By Road Construction Equipment, 2020 - 2030F
7 Philippines Construction Equipment Market , By Application
7.1  Philippines Construction Equipment Market Revenues & Volume, By Corporate Enterprise, 2020 - 2030F
7.2 Philippines Construction Equipment Market Revenues & Volume, By Oil and Gas ,  2020 - 2030F
7.3 Philippines Construction Equipment Market Revenues & Volume, By Mining, 2020 - 2030F
8 Philippines Construction Equipment Market  Import-Export Trade Statistics
8.1 Philippines Construction Equipment Market  Export to Major Countries
8.2 Philippines Construction Equipment Market  Imports from Major Countries
9 Philippines Construction Equipment Market Key Performance Indicators
10 Philippines Construction Equipment Market - Opportunity Assessment
10.1 Philippines Construction Equipment Market Opportunity Assessment, By Type, 2030
10.2 Philippines Construction Equipment Market Opportunity Assessment, By Application, 2030
11 Philippines Construction Equipment Market - Competitive Landscape
11.1 Philippines Construction Equipment Market Revenue Share, By Companies, 2023
11.2 Philippines Construction Equipment Market Competitive Benchmarking, By Operating and Technical Parameters
12 Company Profiles
13 Recommendations
14 Disclaimer

Europe Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By Countries(Germany, France, Italy, United Kingdom, Rest of Europe)and competitive landscape

Latin America Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By Countries(Brazil, Mexico, Argentina, Rest of Latin America)and competitive landscape

South Korea Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape

North America Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By Countries(United States, Canada, Rest of North America)and competitive landscape

Asia Pacific (APAC) Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By Countries(India, China, Thailand, Malaysia, Japan, Australia, Indonesia, Rest of the Asia Pacific) and competitive landscape

Australia Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape

China Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor And Bulldozer), By Applications(Construction, Oil & Gas, Mining)And Competitive Landscape

Indonesia Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor And Bulldozer), By Applications(Construction, Oil & Gas, Mining)And Competitive Landscape

Japan Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor And Bulldozer), By Applications(Construction, Oil & Gas, Mining)And Competitive Landscape

Middle East Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By Key Countries(Qatar, UAE, Saudi Arabia, Kuwait, Oman, Turkey & Rest of Middle East (Iraq, Lebanon, Bahrain, Jordan) and competitive landscape

India Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By Regions(Northern, Eastern, Western, Southern) and competitive landscape

Turkey Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape

Nigeria Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape

Ethiopia Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By regions(Northern, Southern)and competitive landscape

Egypt Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape

Vietnam Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape

Singapore Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape

Mauritius Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining), By Regions(Northern, Eastern, Western, Southern) and competitive landscape

Malaysia Construction Equipment Market (2020-2026): Market Forecast By Types(Cranes (Mobile Cranes, Crawler Cranes, Tower Cranes), Earthmoving Equipment(Loaders, Excavators, Motor Grader)), Aerial Work Equipment(Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts), Material Handling Equipment(Telescopic Handlers, Forklifts), Road Construction Equipment(Pavers, Road Rollers), Dump Trucks, Construction Tractor and Bulldozer), By Applications(Construction, Oil & Gas, Mining)and competitive landscape

 

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

Latest 2023 Development of the Philippines Construction Equipment Market

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. 

Philippines construction equipment market Synopsis

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.

Key Highlights of the Report

  • Philippines Construction Equipment Market Overview
  • Philippines Construction Equipment Market Outlook
  • Philippines Construction Equipment Market Forecast
  • Historical Data of Philippines Construction Equipment Market Revenues and Volumes for the Period 2016-2019.
  • Market Size & Forecast of Philippines Construction Equipment Market Revenues and Volumes, Until 2026.
  • Historical Data of the Philippines Cranes Market for the Period 2016-2019.
  • Market Size & Forecast of Philippines Cranes Market, Until 2026.
  • Historical Data of the Philippines Bull Dozers & Construction Tractors Market for the Period 2016-2019.
  • Market Size & Forecast of Philippines Bull Dozers & Construction Tractors Market, Until 2026.
  • Historical Data of the Philippines Earth Moving Equipment Market for the Period 2016-2019.
  • Market Size & Forecast of Philippines Earthmoving Equipment Market, Until 2026.
  • Historical Data of the Philippines Material Handling Market for the Period 2016-2019.
  • Market Size & Forecast of Philippines Material Handling Market, Until 2026.
  • Historical Data of the Philippines Dump Trucks Market for the Period 2016-2019.
  • Market Size & Forecast of Philippines Dump Trucks Market, Until 2026.
  • Historical Data of the Philippines Aerial Work Platform Market for the Period 2016-2019.
  • Market Size & Forecast of Philippines Aerial Work Platform Market, Until 2026.
  • Historical Data of the Philippines Road Construction Equipment Market for the Period 2016-2019.
  • Market Size & Forecast of Philippines Road Construction Equipment Market, Until 2026.
  • Historical Data of Philippines Construction Equipment Market Revenues and Volumes, by Applications, for the Period 2016-2019
  • Market Size & Forecast of Philippines Construction Equipment Market Revenues and Volumes, by Applications, Until 2026
  • Historical Data of Philippines Construction Equipment Market Revenues and Volumes, by Regions, for the Period 2016-2019
  • Market Size & Forecast of Philippines Construction Equipment Market Revenues and Volumes, by Regions, Until 2026
  • Market Drivers and Restraints
  • Philippines Construction Equipment Market Trends and Industry Life Cycle
  • Porter’s Five Forces Analysis
  • Market Opportunity Assessment
  • Philippines Construction Equipment Market Share, By Countries
  • Philippines Construction Equipment Market Share, By Companies
  • Philippines Construction Equipment Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The Philippines construction equipment market report provides a detailed analysis of the following market segments:

  • 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)

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