Philippines Building System Components Market Introduction and Overview
According to SPER Market Research, the Philippines Building System Components Market is estimated to reach USD XX billion by 2033 with a CAGR of 7.45%.
The report includes an in-depth analysis of the Philippines Building System Components Market, including market size and trends, product mix, applications, and supplier analysis. "Building system components" encompasses a wide range of tools, equipment, and materials that are essential to the construction, upkeep, and support of different kinds of buildings. These elements are necessary to guarantee the comfort, stability, and functionality of a structure. They differ greatly based on the building's size, use, and environmental conditions. The required stability and strength are supplied by structural elements such as load-bearing walls, foundations, beams, and columns. The mechanical, electrical, and plumbing (MEP) systems, which provide utilities like water, power, air conditioning, heating, and ventilation, are equally important. These systems are essential to providing residents with a secure, cosy, and useful environment, underscoring the significance of every part of the building's overall infrastructure.
- October 2024: The local government of Obando, Bulacan, has signed a three-way agreement with Holcim Philippines and Universal Robina Corporation (URC) to offer incentives to employees at the town's material recovery facility based on the amount of waste diverted.
- November 2022: The Philippine Quality Award (PQA) recently recognised Mariwasa Siam Ceramics, Inc. (MSCI) for Mastery in Quality Management Level 3.
Market Opportunities and Challenges
Opportunities- Opportunities exist for suppliers and manufacturers of building system components as a result of the growing emphasis on sustainable construction methods. Demand for ecologically friendly and energy-efficient goods that meet green construction requirements is rising. A sizable number of existing buildings in the Philippines need to be renovated and retrofitted in order to increase energy efficiency and meet contemporary norms. Providers of building system components now have the chance to supply updates and retrofit options. In the construction industry, the incorporation of smart technologies—like Internet of Things (loT) devices and building automation systems—is accelerating. Manufacturers of building system components now have the chance to create cutting-edge goods that enable smart building features.
Challenges- In the Philippines, building can be somewhat expensive, which presents a problem for both purchasers and developers. This may restrict the use of sophisticated building system components, especially in projects with tight budgets. The lack of experienced workers in the Philippines' construction sector can cause delays in projects and impact the demand for building system components. For these components to be installed, maintained, and operated correctly, skilled labour must be available. The Philippines' building industry is governed by a number of laws and administrative processes that can raise expenses and cause delays. The purchase and installation of building system components may be impacted by these difficulties. Project delays and a halt in construction activity can result from economic downturns.
Market Competitive Landscape
The Philippines Building System Components Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Holcim Philippines Inc, Pacific Paint (Boysen) Philippines Inc, Mariwasa Siam Ceramics Inc, James Hardie Philippines Inc, Bosch Philippines, SM Engineering Design and Development Corporation, JGC Philippines Inc, Schindler Philippines, Inc, Fujitsu Philippines, Carrier Philippines, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Application, By End-Users |
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region |
| Companies Covered | Holcim Philippines Inc, Pacific Paint (Boysen) Philippines Inc, Mariwasa Siam Ceramics Inc, James Hardie Philippines Inc, Bosch Philippines, SM Engineering Design and Development Corporation, JGC Philippines Inc, Schindler Philippines, Inc, Fujitsu Philippines, Carrier Philippines. |
COVID-19 Impact on Philippines Building System Components Market
The market for building system components in the Philippines has been significantly impacted by the Covid-19 epidemic. Lockdowns, labour shortages, supply chain interruptions, and decreased investment all caused disruptions in the building sector. The demand for building system components decreased as a result of the suspension or postponement of numerous construction projects. Nonetheless, the market is anticipated to rebound as things progressively become better and business operations pick back up. Some trends, like the use of digital technologies and remote collaboration tools, have also been driven by the pandemic. The need for elements that support air quality, cleanliness, and touchless systems has grown as a result of the growing emphasis on health and safety in building design and operation.
Key Target Audience
- Construction Companies
- Real Estate Developers
- Architects
- Engineers (Civil and Structural)
- Government Agencies
- Facility Managers
- Contractors and Subcontractors
- Building Material Suppliers
- Property Management Firms
- Interior Designers
Our in-depth analysis of the Philippines Building System Components Market includes the following segments: | By Product Type: | Structural ComponentsBuilding Envelope ComponentsBuilding Services Systems |
| By Application: | ResidentialCommercialIndustrialOthers |
| By End-Users: | Construction CompaniesArchitectsBuilding OwnersOthers |
Key Topics Covered in the Report
- Philippines Building System Components Market Size (FY’2024-FY’2033)
- Overview of Philippines Building System Components Market
- Segmentation of Philippines Building System Components Market by Product Type (Structural Components, Building Envelope Components, Building Services Systems)
- Segmentation of Philippines Building System Components Market by Application (Residential, Commercial, Industrial, Others)
- Segmentation of Philippines Building System Components Market by End-Users (Architects, Building Owners, Others)
- Statistical Snap of Philippines Building System Components Market
- Expansion Analysis of Philippines Building System Components Market
- Problems and Obstacles in Philippines Building System Components Market
- Competitive Landscape Philippines Building System Components Market
- Impact of COVID-19 and Demonetization Philippines Building System Components Market
- Details on Current Investment in Philippines Building System Components Market
- Competitive Analysis of Philippines Building System Components Market
- Prominent Players in the Philippines Building System Components Market
- SWOT Analysis of Philippines Building System Components Market
- Philippines Building System Components Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Philippines Building System Components Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Philippines Building System Component Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Philippines Building System Components Market
7. Philippines Building System Components Market, By Product Type (USD Million) 2020-2033
7.1. Philippines Building System Components Market Size, Share and Forecast, By Product Type, 2020-2026
7.2. Philippines Building System Components Market Size, Share and Forecast, By Product Type, 2027-2033
7.3. Structural Components
7.4. Building Envelope Components
7.5. Building Services Systems
8. Philippines Building System Components Market, By Application (USD Million) 2020-2033
8.1. Philippines Building System Components Market Size, Share and Forecast, By Application, 2020-2026
8.2. Philippines Building System Components Market Size, Share and Forecast, By Application, 2027-2033
8.3. Residential
8.4. Commercial
8.5. Industrial
8.6. Others
9. Philippines Building System Components Market, By End-Users (USD Million) 2020-2033
9.1. Philippines Building System Components Market Size, Share and Forecast, By End-Users, 2020-2026
9.2. Philippines Building System Components Market Size, Share and Forecast, By End-Users, 2027-2033
9.3. Construction Companies
9.4. Architects
9.5. Building Owners
9.6. Others
10. Philippines Building System Components Market Forecast, 2020-2033 (USD Million)
10.1. Philippines Building System Components Market Size and Market Share
11. Philippines Building System Components Market, By Region, 2020-2033 (USD Million)
11.1. Philippines Building System Components Market Size and Market Share By Region (2020-2026)
11.2. Philippines Building System Components Market Size and Market Share By Region (2027-2033)
11.3. Eastern Region
11.4. Western Region
11.5. Northern Region
11.6. Southern Region
12. Company Profile
12.1. Holcim Philippines, Inc
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Pacific Paint (Boysen) Philippines, Inc
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Mariwasa Siam Ceramics, Inc
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. James Hardie Philippines, Inc
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Bosch Philippines
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. SM Engineering Design and Development Corporation
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.6.5. JGC Philippines, Inc
12.6.6. Company details
12.6.7. Financial outlook
12.6.8. Product summary
12.6.9. Recent developments
12.7. Schindler Philippines, Inc
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Fujitsu Philippines
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Carrier Philippines
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links