Philippines Construction Equipment Market Introduction and Overview
According to SPER Market Research, the Philippines Construction Equipment Market is estimated to reach USD XX billion by 2033 with a CAGR of 7.2%.
The report includes an in-depth analysis of the Philippines Construction Equipment Market, including market size and trends, product mix, Applications, and supplier analysis. Construction machinery is specialised equipment used on or around construction sites. Examples of these equipment include wheel bulldozers, front loaders, dump trucks, backhoe loaders, graders, crawler bulldozers, compactors, excavators, forklifts, concrete mixer trucks, and others. Drilling, hauling, excavation, paving, grading, lifting, and other related jobs all need the use of these instruments. The global market for construction equipment serves a variety of industries, including manufacturing, oil and gas, and building and infrastructure.
- September 2021: Caterpillar, which offers the technology to concentrate and use carbon dioxide, was bought by Carbon Point Solutions.
- December 2020: Volvo CE created an e-worksite to harness the full potential of the electric ecosystem.
- September 2020: SANY teamed up with Adelaide Heavy Machinery as the designated South Philippine dealer.
Market Opportunities and Challenges
- Opportunities: Recently, government spending on infrastructure grew considerably. During the projection period, it is anticipated that rising government spending on infrastructure development will fuel demand for construction equipment. Moreover, the construction equipment market is evolving into a more innovative sector as it moves to intelligent systems powered by IoT and data analysis for service, networking, and sustainability. The vendors' technological advancements are anticipated to accelerate their expansion in the Philippine market for construction equipment.
- Challenges: Construction equipment market expansion is predicted to be constrained by elements like stringent government restrictions for mining and construction operations and laws prohibiting machinery from emitting carbon dioxide.
Market Competitive Landscape
The prominent key players in the Philippines Construction Equipment Market are: Brighton Machinery, Hitachi, Hyundai Doosan Infracore, Inframachineries, JCB, John Deere, Kobelco, Komatsu, Kubota, Liebherr, Manitou, Maxima Machineries Incorporated, Pinnacle, Sumitomo Heavy Industries Ltd., Topspot Heavy Equipment Incorporated, Volvo Construction Equipment, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Zoomlion Heavy Industry Science & Technology Co., Ltd., Others
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Application
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| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
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| Companies Covered | Brighton Machinery, Hitachi, Hyundai Doosan Infracore, Inframachineries, JCB, John Deere, Kobelco, Komatsu, Kubota, Liebherr, Manitou, Maxima Machineries Incorporated, Pinnacle, Sumitomo Heavy Industries Ltd., Topspot Heavy Equipment Incorporated, Volvo Construction Equipment, Xuzhou Construction Machinery Group Co., Ltd. (XCMG), Zoomlion Heavy Industry Science & Technology Co., Ltd., Others
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COVID-19 Impact on Philippines Construction Equipment Market
Due to the Covid-19 pandemic outbreak, the Philippines' economy is likely to experience a recession during the first three quarters of 2020. Even though a recovery in the Philippine economy is anticipated for the second half of 2020, the country's market for construction equipment is also anticipated to happen gradually over the coming years.
Key Target Audience:
- Consultants/consultancies/advisory firms
- Corporate and governments bodies
- Potential new entrants to the market
- Professional landscaping service providers/contractors
- Top-level management personnel of existing operators/vendors
- Others
Our in-depth analysis of the Philippines Construction Equipment Market includes the following segments:
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By Type:
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Earth Moving Equipment
Material Handling Equipment
Road Construction Equipment
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By Application:
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Construction
Manufacturing
Mining
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Key Topics Covered in the Report:
- Philippines Construction Equipment Market Size (FY’2023-FY’2033)
- Overview of Philippines Construction Equipment Market
- Segmentation of Philippines Construction Equipment Market By Type (Earth Moving Equipment, Material Handling Equipment, Road Construction Equipment)
- Segmentation of Philippines Construction Equipment Market By Application (Construction, Manufacturing, Mining, Others)
- Statistical Snap of Philippines Construction Equipment Market
- Expansion Analysis of Philippines Construction Equipment Market
- Problems and Obstacles in Philippines Construction Equipment Market
- Competitive Landscape in the Philippines Construction Equipment Market
- Impact of COVID-19 and Demonetization on Philippines Construction Equipment Market
- Details on Current Investment in Philippines Construction Equipment Market
- Competitive Analysis of Philippines Construction Equipment Market
- Prominent Players in the Philippines Construction Equipment Market
- SWOT Analysis of Philippines Construction Equipment Market
- Philippines Construction Equipment Market Future Outlook and Projections (FY’2023-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 Construction Equipment 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 Construction Equipment Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Philippines Construction Equipment Market
7. Philippines Construction Equipment Market, By Type (USD Million)
7.1. Philippines Construction Equipment Market Value Share and Forecast, By Type, 2023-2033
7.2. Earth Moving Equipment
7.2.1. Backhoe Loader
7.2.2. Excavator
7.2.3. Motor Grader
7.2.4. Other Earth Moving Equipment
7.3. Material Handling Equipment
7.3.1. Arial Platforms
7.3.2. Crane
7.3.3. Forklift and Telescopic Handler
7.4. Road Construction Equipment
7.4.1. Asphalt Paver
7.4.2. Road Roller
8. Philippines Construction Equipment Market, By Application (USD Million)
8.1. Philippines Construction Equipment Market Value Share and Forecast, By Application, 2023-2033
8.2. Construction
8.3. Manufacturing
8.4. Mining
8.5. Others
9. Philippines Construction Equipment Market Forecast, 2019-2033 (USD Million)
9.1. Philippines Construction Equipment Market Size and Market Share
10. Philippines Construction Equipment Market, By Type, 2019-2033 (USD Million)
10.1. Philippines Construction Equipment Market Size and Market Share By Type (2019-2026)
10.2. Philippines Construction Equipment Market Size and Market Share By Type (2027-2033)
11. Philippines Construction Equipment Market, By Application, 2019-2033 (USD Million)
11.1. Philippines Construction Equipment Market Size and Market Share By Application (2019-2026)
11.2. Philippines Construction Equipment Market Size and Market Share By Application (2027-2033)
12. Philippines Construction Equipment Market, By Region, 2019-2033 (USD Million)
12.1. Philippines Construction Equipment Market Size and Market Share By Region (2019-2026)
12.2. Philippines Construction Equipment Market Size and Market Share By Region (2027-2033)
12.3. Eastern Region
12.4. Northern Region
12.5. Southern Region
12.6. Western Region
13. Company Profile
13.1. Brighton Machinery
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Hitachi
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Hyundai Doosan Infracore
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Inframachineries
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. JCB
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. John Deere
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. Kobelco
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Komatsu
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Kubota
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Liebherr
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Manitou
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Maxima Machineries Incorporated
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Pinnacle
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. Sumitomo Heavy Industries Ltd.
13.14.1. Company details
13.14.2. Financial outlook
13.14.3. Product summary
13.14.4. Recent developments
13.15. Topspot Heavy Equipment Incorporated
13.15.1. Company details
13.15.2. Financial outlook
13.15.3. Product summary
13.15.4. Recent developments
13.16. Volvo Construction Equipment
13.16.1. Company details
13.16.2. Financial outlook
13.16.3. Product summary
13.16.4. Recent developments
13.17. Xuzhou Construction Machinery Group Co., Ltd. (XCMG)
13.17.1. Company details
13.17.2. Financial outlook
13.17.3. Product summary
13.17.4. Recent developments
13.18. Zoomlion Heavy Industry Science & Technology Co., Ltd.
13.18.1. Company details
13.18.2. Financial outlook
13.18.3. Product summary
13.18.4. Recent developments
13.19. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
