PHILIPPINES CONSTRUCTION EQUIPMENT MARKET SIZE WAS VALUED AT USD 1.6 BILLION IN 2021 AND IS ESTIMATED TO REACH USD 1.79 BILLION BY 2028, GROWING AT A CAGR OF 6.80%.

Philippines Construction Equipment Market Research Report includes segments by

  • Type: Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Material Handling Equipment (Crane, Forklift & Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc.) and Road Construction Equipment (Asphalt Paver and Road Roller)
  • End-users: Construction, Manufacturing, Mining, and Others)

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Most Exhaustive Report

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115 Pages

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20 Tables

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66 Charts

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1 Regions

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1 Countries

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20 Companies

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2 Market Segment

PHILIPPINES CONSTRUCTION EQUIPMENT MARKET SCOPE

Report Attribute Details
MARKET SIZE (2028) USD 1.79 Billion
MARKET SIZE (2021) USD 1.6 Billion
CAGR (2022-2028) 6.80%
MARKET SIZE (UNIT SHIPMENT) 13,791 Units (2028)
HISTORIC YEAR 2019-2020
BASE YEAR 2021
FORECAST YEAR 2022-2028
TYPE Earth Moving Equipment (Excavator, Backhoe Loader, Motor Grader, and Other Earth Moving Equipment), Material Handling Equipment (Crane, Forklift & Telescopic Handler, Arial Platforms (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, etc)), and Road Construction Equipment (Asphalt Paver and Road Roller)
END-USERS Construction, Manufacturing, Mining, and Others
KEY VENDORS Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr, Hitachi, Zoomlion Heavy Industry Science & Technology Co., Ltd., Kubota

MARKET INSIGHTS

The Philippines construction equipment market was valued at USD 1.16 billion in 2021 and is projected to reach USD 1.79 billion by 2028, with a CAGR of 6.80%.

  • Market Size (Revenue): USD 1.79 BILLION (2028)
  • Market Size (Volume): 13,791 Units (2028)
  • Transport infrastructure projects will boost the demand for construction equipment in the Philippines' heavy equipment market.
  • Environmental policies and initiatives will increase the usage of excavators and loaders in the waste management industry, thus driving the Philippines excavators market.
  • The removal of the ban on new mining projects is expected to create more employment opportunities and significantly increase the contribution of mining to the economic recovery over the forecast period, thus driving the Philippines' construction equipment industry.

Philippines Construction Equipment Market by Volume

Philippines Construction Equipment Market By Volume 2019-2028

PHILIPPINES CONSTRUCTION EQUIPMENT MARKET SEGMENTATION

  • The Philippines ' earthmoving equipment market is expected to grow strongly through 2028, owing to rising government investments in highway, metro, and airport construction projects and expansion in the construction, transportation, and renewable energy sectors.
  • Small-scale construction and redevelopment projects in the region are expected to increase the demand for backhoe loaders over the forecast period.
  • Several road maintenance projects such as NLEX-SLEX Connector Road (USD 456.8 million) C5 Southlink Expressway Project (USD 247.9 million) are planned in several regions by the government. So, the demand for motor graders is expected to grow in the forecast period.
  • Projects such as Agus-Pulangi Rehabilitation Project (USD 392 million), National Broadband Program (USD 398 million), etc. to support the manufacturing and manufacturing-related services sectors in the country

KEY HIGHLIGHTS IN THE REPORT

  • The major share of earthmoving equipment is attributed to their extensive use in construction and renewable energy projects such as Pulangi 4 Selective Dredging Phase 3 (USD 4.8 million), Agus 3 Hydroelectric Power Project (USD 900,000), etc.
  • In 2021, the Philippines government announced that it was talking with the Korean government about signing a free trade pact. This free trade agreement is expected to benefit ASEAN construction machinery market distributors and suppliers in the Philippines once it is completed.
  • The Philippines is ushering in a new era to reach Carbon Emission Net-Zero by 2050. This announcement is in line with a broader vision to reduce greenhouse gas (GHG) emissions by 75% by 2030, ambitions to accelerate the energy transition, achieve sustainability goals, and drive a new wave of investment.
  • Several road and railways projects such as Quezon-Bicol Expressway (USD 1,711.3 million) Laguna Lakeshore Road Network Project (USD 3,486.7 million) are planned to improve transit related to cargo and passenger movement across the country. These projects will support the demand for road construction equipment.

VENDOR LANDSCAPE

  • The key players in the Philippines construction equipment market are Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr, Hitachi, Zoomlion Heavy Industry Science & Technology Co., Ltd., and Kubota.
  • In September 2021, Carbon Point Solutions acquired Caterpillar, which provides the technology to concentrate and utilize carbon dioxide.
  • In December 2020, Volvo CE developed full power of the electric ecosystem with an e-worksite.
  • In September 2020, SANY Partnered with Adelaide Heavy Machinery As the appointed dealer for South Philippines.

TARGET AUDIENCE

  • Top-level management personnel of existing operators/vendors
  • Potential new entrants to the market
  • Consultants/consultancies/advisory firms
  • Professional landscaping service providers/contractors
  • Corporate and governments bodies

WHY SHOULD YOU BUY THIS REPORT?
This report is among the few in the market that offers outlook and opportunity analysis forecast in terms of:

  • Volume (Unit sales)
    • Type
    • Application
  • Value (USD)     
    • Type
    • Application
  • Gain competitive intelligence about the economic scenario, advantages in Philippines major projects and investments, dynamics, and market share.
  • Examples of the latest technologies.
  • Get presentation-ready format and easy-to-interpret data.
  • Enable decision-makers to make informed and profitable choices
  • Gain expert quantitative and qualitative analysis on value/volume growth projections of the Philippines construction equipment market share
  • Complete supply chain analysis
  • Get COVID-19 impact analysis of the market
  • Company Profile of vendors and distributors

KEY VENDORS

  • Major Vendors: Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr, Hitachi, Zoomlion Heavy Industry Science & Technology Co., Ltd., and Kubota
  • Other Prominent Vendors: John Deere, Manitou, Hyundai Doosan Infracore, Kobelco, Sumitomo Heavy Industries Ltd
  • Distributors Profile: Maxima Machineries Incorporated, Brighton Machinery, Pinnacle, Inframachineries, Topspot Heavy Equipment Incorporated.

Frequently Asked Questions

What will be the size of the Philippines construction equipment market by volume in 2028?

The size of the Philippines construction equipment market by volume in 2028 is 13,791 units.

What are the new industry trends impacting the growth of the Philippines construction equipment market?

The shift towards green hydrogen fuel-based construction equipment in the renewable energy sector and environmental policies and initiatives to increase the usage of excavators and loaders in the waste management industry are some trends in the Philippines construction equipment industry.

What are the market opportunities for new entrants in the Philippines construction equipment industry?

New technological innovations, remote technologies, smart features, and sustainable products are opportunities for new entrants in the Philippines construction equipment industry.

Who are the key players in the Philippines construction machinery industry?

The key players in the Philippines, construction equipment market are Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Caterpillar, Volvo Construction Equipment, Komatsu, SANY, JCB, Liebherr, Hitachi, Zoomlion Heavy Industry Science & Technology Co., Ltd., and Kubota.

What makes the Philippines an ideal market for construction equipment?

Quality manpower and resources, strategic business location, liberalized and business-friendly economy make the Philippines an ideal market for construction equipment

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According to IMF, owing to the investments by the Philippines government in public infrastructure projects, the demand for construction equipment in the Philippines is likely to remain strong over the forecast period. The government is focusing on improving transport infrastructure by increasing fund allocation and approving various projects. Spending on transport infrastructure will increase the sale of construction equipment in the country. The removal of the ban on new mining projects is expected to create more employment opportunities and significantly increase the contribution of mining to the economic recovery over the forecast period.

Base Year: 2021

Forecast Year: 2022-2028

Scope: The report considers the present scenario of the Philippines construction equipment market and market dynamics for the forecast period 2022−2028. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the volume and value sales with a segment analysis of the Philippines construction equipment market.

Major Vendors

  • Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
  • Caterpillar
  • Volvo Construction Equipment
  • Komatsu
  • SANY
  • JCB
  • Liebherr
  • Hitachi
  • Zoomlion Heavy Industry Science & Technology Co., Ltd.
  • Kubota

Other Prominent Vendors

  • John Deere
  • Manitou
  • Hyundai Doosan Infracore
  • Kobelco
  • Sumitomo Heavy Industries Ltd.

Distributor Profiles

  • Maxima Machineries Incorporated
  • Brighton Machinery
  • Pinnacle
  • Inframachineries
  • Topspot Heavy Equipment Incorporated

Market Segmentation by Type

  • Earth Moving Equipment
    • Excavator
    • Backhoe Loader
    • Motor Grader
    • Other Earth Moving Equipment
  • Material Handling Equipment
    • Crane
    • Forklift and Telescopic Handler
    • Arial Platforms (articulated boom lifts, telescopic boom lifts, scissor lifts, etc)
  • Road Construction Equipment
    • Asphalt Paver
    • Road Roller

Market Segmentation by End-user

  • Construction
  • Manufacturing
  • Mining
  • Others

Section 1 – Introduction

1.1 Market Snapshot

1.2 Executive Summary

Section 2 – Market Overview

  • Economic Scenario, Foreign Direct Investment

Section 3 – Market Landscape

3.1 Philippines Construction Equipment Market by Type (Volume & Value)

3.1.1 Earthmoving Equipment

3.1.1.1 Excavator

3.1.1.2 Backhoe Loader

3.1.1.3 Motor Grader

3.1.1.4 Other Earthmoving Equipment (Other Loaders, Bulldozer, Trencher, etc.)

3.1.2 Material Handling Equipment

3.1.2.1 Crane

3.1.2.2 Forklift and Telescopic Handler

3.1.2.3 Aerial Platform (Articulated Boom lifts, Telescopic Boom lifts, Scissor Lifts, etc)

3.1.3 Road Construction Equipment

3.1.3.1 Road Roller

3.1.3.2 Asphalt Paver

3.2 Philippines Construction Equipment Market by End User (Volume & Value)

3.2.1 Construction

3.2.2 Manufacturing

3.2.3 Mining

3.2.4 Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, etc.)

Section 4 – Market Dynamics

  • Market Drivers, Restraints, Trends, Advantage Philippines, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact

Section 5 – Technological Development

  • Advent of New Technology

Section 6 – Competitive Landscape

  • Competitive Landscape Overview
  • Major Vendors (XCMG Group, Caterpillar, Volvo Construction Equipment ASIA, Komatsu Group, SANY Group, CAMEC JCB CORP, Liebherr Group. Hitachi, Ltd., Zoomlion Heavy Industry Science & Technology Co. Ltd., KUBOTA Philippines Inc.)
  • Other Prominent Vendors
  • Distributor Profiles

Section 7 – Quantitative Summary

  • Quantitative Summary

Section 8 – Report Summary

  • Key Insights
  • Abbreviations
  • List of Graphs
  • List of Tables

Section 9 – Report Scope & Definition

  • Research Methodology
  • Research Objective
  • Market Definition, Inclusion & Exclusion

LIST OF EXHIBITS

Graph-1     Philippines Construction Equipment Market By Volume 2019-2028 (Unit Sales)

Graph-2     Construction Equipment Market In Philippines By Type, 2021 (% Volume Share)

Graph-3     Philippines Construction Equipment Market By Volume, 2019-2028 (Unit Sales)

Graph-4     Philippines Construction Equipment Market By Value, 2019-2028 ($ MN)

Graph-5     Philippines Construction Equipment Market by End User, 2021 (%)

Graph-6     Philippines Construction Equipment Market by Type, 2019-2028 (Unit Sales)

Graph-7     Philippines GDP, 2015-2020 ($ BN)

Graph-8     Regions In Philippines Share of GDP 2020 (% Share)

Graph-9     Foreign Direct Investment, Net Inflow, 2015-2019 ($ BN)

Graph-10   Philippines Construction Equipment Market by Type, 2019-2028 (Unit Sales)

Graph-11   Philippines Construction Equipment Market by Type 2021 (% Volume Share)

Graph-12   Philippines Construction Equipment Market by End User, 2019- 2028 (Unit Sales)

Graph-13   Philippines Earthmoving Equipment Market, 2019–2028 (Unit Sales)

Graph-14   Philippines Earthmoving Equipment Market, 2019–2028 ($ MN)

Graph-15   Philippines Excavator Market, 2019–2028 (Unit Sales)

Graph-16   Philippines Excavator Equipment Market, 2019–2028 ($ MN)

Graph-17   Philippines Backhoe Loader Market, 2019–2028 (Unit Sales)

Graph-18   Philippines Backhoe Loader Equipment Market, 2019–2028 ($ MN)

Graph-19   Philippines Motor Grader Market, 2019–2028 (Unit Sales)

Graph-20   Philippines Motor Grader Market, 2019–2028 ($ MN)

Graph-21   Philippines Other Earthmoving Equipment Market, 2019–2028 (Unit Sales)

Graph-22   Philippines Other Earthmoving Equipment Market, 2019–2028 ($ MN)

Graph-23   Philippines Material Handling Equipment Market, 2019–2028 (Unit Sales)

Graph-24   Philippines Material Handling Equipment Market, 2019–2028 ($ MN)

Graph-25   Philippines Crane Market, 2019–2028 (Unit Sales)

Graph-26   Philippines Crane Market, 2019–2028 ($ MN)

Graph-27   Philippines Forklift and Telescopic Handler Market, 2019–2028 (Unit Sales)

Graph-28   Philippines Forklift and Telescopic Handler Market, 2019–2028 ($ MN)

Graph-29   Philippines Aerial Platforms Market, 2019–2028 (Unit Sales)

Graph-30   Philippines Aerial Platforms Market, 2019–2028 ($ MN)

Graph-31   Philippines Road Construction Equipment Market, 2019–2028 (Unit Sales)

Graph-32   Philippines Road Construction Equipment Market, 2019–2028 ($ MN)

Graph-33   Philippines Road Roller Market, 2019–2028 (Unit Sales)

Graph-34   Philippines Road Roller Market, 2019–2028 ($ MN)

Graph-35   Philippines Asphalt Paver Market, 2019–2028 (Unit Sales)

Graph-36   Philippines Asphalt Paver Market, 2019–2028 ($ MN)

Graph-37   Philippines Construction Equipment Market By Construction, 2019–2028 (Unit Sales)

Graph-38   Philippines Construction Equipment Market By Construction, 2019–2028 ($ MN)

Graph-39   Philippines Construction Equipment Market By Manufacturing, 2019–2028 (Unit Sales)

Graph-40   Philippines Construction Equipment Market By Manufacturing, 2019–2028 ($ MN)

Graph-41   Philippines Construction Equipment Market By Mining, 2019–2028 (Unit Sales)

Graph-42   Philippines Construction Equipment Market By Mining, 2019–2028 ($ MN)

Graph-43   Philippines Construction Equipment Market By Others, 2019–2028 (Unit Sales)

Graph-44   Philippines Construction Equipment Market By Others, 2019–2028 ($ MN)

Graph-45   Import Value of Construction Equipment 2019 ($ MN)

Graph-46   Export Value of Construction Equipment 2019 ($ 000’s)

Graph-47   Caterpillar: Total Revenue, 2018-2020 ($ BN)

Graph-48   Caterpillar: Sales By Region (% Share)

Graph-49   Caterpillar: Total Revenue By Segment, 2020 (% Share)

Graph-50   Volvo: Construction Equipment Net Sales, 2016-2020 ($ BN)

Graph-51   Volvo: Share Of Net Sales By Market, 2020 (% Share)

Graph-52   Volvo: Share Of Net Sales By Segment, 2020 (% Share)

Graph-53   Komatsu: Consolidated Net Sales, 2018-2020 ($ BN)

Graph-54   Komatsu: Construction, Mining And Utility Equipment Business, Sales By Region, 2020
(% Share)

Graph-55   Komatsu: Breakdown Of Net Sales By Segment, 2020 (% Share)

Graph-56   Liebherr: Total Revenue, 2018-2020 (% Share)

Graph-57   Liebherr: Turnover By Region (% Share)

Graph-58   Liebherr: Total Revenue By Product Segment, 2020 (% Share)

Graph-59   Hitachi: Revenue, 2020-2021 ($ BN)

Graph-60   Zoomlion: Revenue, 2017-2020 ($ BN)

Graph-61   Kubota: Revenue, 2016-2020 ($ BN)

Graph-62   Kubota: Revenue By Segment, 2020 (% Share)

Graph-63   Kubota: Revenue By Region, 2020 (% Share)

Graph-64   John Deere: Revenue, 2018-2020 ($ MN)

Graph-65   John Deere: Shareholder Value ($ MN)

Graph-66   John Deere: Net Income ($ MN)

 

LIST OF TABLES

Table-1     Foreign Investment In Philippines

Table-2     Foreign Trade (Goods & Services), Annual % Change In 2021

Table-3     Foreign Trade Value ($ MN), 2020

Table-4     Key Construction Projects Initiated In Philippines

Table-5     Agreements & Their Descriptions

Table-6     Inflation & Interest Rate (%)

Table-7     2019 FDI Regulatory Restrictiveness Index

Table-8     Construction & Manufacturing Industries Share in GDP (% Share)

Table-9     Philippines Construction Equipment Market By Volume 2019-2028

Table-10   Philippines Construction Equipment By Type 2019-2018

Table-11   Philippines Earth Moving Equipment Market Size & Forecast, By Type (Volume, Units)

Table-12   Philippines Material Handling Equipment Market Size & Forecast, By Type (Volume, Units)

Table-13   Philippines Road Construction Equipment Market Size & Forecast, By Type (Volume, Units)

Table-14   Philippines Construction Equipment Market Size & Forecast, By End User (Units)

Table-15   Philippines Construction Equipment Market By Value 2019-2028

Table-16   Philippines Construction Equipment By Type 2019-2018

Table-17   Philippines Earth Moving Equipment Market Size & Forecast, By Type (Value, $ MN)

Table-18   Philippines Road Construction Equipment Market Size & Forecast, By Type (Value, $ MN)

Table-19   Philippines Material Handling Equipment Market Size & Forecast, By Type (Value, $ MN)

Table-20   Philippines Construction Equipment Market Size & Forecast, By End User

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