Philippines Building System Component Market Report and Forecast 2025-2034
Market Report I 2025-06-06 I 106 Pages I EMR Inc.
The Philippines building system component market is projected to grow at a CAGR of 7.20% between 2025 and 2034. The market is being driven by the robust growth of the Philippines construction sector.
Philippines Building System Component Market Growth
In 2023, the Philippines' construction industry built over 150,000 new buildings, the total value of which reached PhP 457.36 billion. This is a 6% year-on-year increase from PhP 431.37 billion in 2022. The construction of non-residential buildings reached a value of PhP 219.56 billion and constituted a share of 48% of overall new constructions. This represents a year-on-year growth of 17.6% when it attained a value of PhP 186.68 billion. Commercial buildings dominated most of the new constructions and were valued at PhP 108.08.
Residential buildings constituted over 67% of the total number of new constructions in the Philippines (110,532). Most of them were single-type houses (95,061). The region of Calabarzon witnessed the greatest number of new constructions, while Central Visayas and Central Luzon followed closely behind.
Cost-effective building system components that are termite-proof, natural, lightweight, and reduce the risk of fire hazards in buildings are expected to witness a surge in sales over the forecast period.
Major real estate developers are focusing on sustainable and energy-efficient designs to enhance the consumer appeal for new infrastructure. The usage of recycled materials has increased substantially, and recycled steel has emerged as the ideal choice of raw material for making metal frames and decks.
Philippines Building System Component Industry Segmentation
Philippines Building System Component Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type:
- Light Metal Frame
- Steel Deck
- Suspended Ceiling and Dry Wall System
- C Purlins/z Purlins
- Ceiling Frames
- Studs and Tracks
- Decking for Flooring
Philippines Building System Component Market Share
Based on product type, the market is divided into light metal frame, steel deck, suspended ceiling and dry wall system, C purlins/Z purlins, ceiling frames, studs and tracks, and decking for flooring. Steel deck is projected to grow at a CAGR of 8.2% during the forecast period of 2025-2034. This is being aided by the growing construction of green buildings and the high strength-to-weight ratio offered by steel decks.
Leading Companies in the Philippines Building System Component Market
Major market players are expected to utilise smart building technologies like building management systems to automate building operations and switch towards the usage of renewable energy to power their activities.
- Power Steel Specialist Trading Corporation
- Knauf Group
- United Steel Technology International Corp.
- iSteel Inc.
- JEA Steel Industries, Inc.
- Others
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia Pacific Building System Component Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Building System Component Historical Market (2018-2024)
5.3 Asia Pacific Building System Component Market Forecast (2025-2034)
6 Philippines Building System Component Market Overview
6.1 Key Industry Highlights
6.2 Philippines Building System Component Historical Market (2018-2024)
6.3 Philippines Building System Component Market Forecast (2025-2034)
7 Philippines Building System Component Market by Product Type
7.1 Light Metal Frame
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Steel Deck
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Suspended Ceiling and Dry Wall System
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 C Purlins/z Purlins
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Ceiling Frames
7.5.1 Historical Trend (2018-2024)
7.5.2 Forecast Trend (2025-2034)
7.6 Studs and Tracks
7.6.1 Historical Trend (2018-2024)
7.6.2 Forecast Trend (2025-2034)
7.7 Decking for Flooring
7.7.1 Historical Trend (2018-2024)
7.7.2 Forecast Trend (2025-2034)
8 Market Dynamics
8.1 SWOT Analysis
8.1.1 Strengths
8.1.2 Weaknesses
8.1.3 Opportunities
8.1.4 Threats
8.2 Porter's Five Forces Analysis
8.2.1 Supplier's Power
8.2.2 Buyer's Power
8.2.3 Threat of New Entrants
8.2.4 Degree of Rivalry
8.2.5 Threat of Substitutes
8.3 Key Indicators for Demand
8.4 Key Indicators for Price
9 Competitive Landscape
9.1 Supplier Selection
9.2 Key Global Players
9.3 Key Regional Players
9.4 Key Player Strategies
9.5 Company Profiles
9.5.1 Power Steel Specialist Trading Corporation
9.5.1.1 Company Overview
9.5.1.2 Product Portfolio
9.5.1.3 Demographic Reach and Achievements
9.5.1.4 Certifications
9.5.2 Knauf Group
9.5.2.1 Company Overview
9.5.2.2 Product Portfolio
9.5.2.3 Demographic Reach and Achievements
9.5.2.4 Certifications
9.5.3 United Steel Technology International Corp.
9.5.3.1 Company Overview
9.5.3.2 Product Portfolio
9.5.3.3 Demographic Reach and Achievements
9.5.3.4 Certifications
9.5.4 iSteel Inc.
9.5.4.1 Company Overview
9.5.4.2 Product Portfolio
9.5.4.3 Demographic Reach and Achievements
9.5.4.4 Certifications
9.5.5 JEA Steel Industries, Inc.
9.5.5.1 Company Overview
9.5.5.2 Product Portfolio
9.5.5.3 Demographic Reach and Achievements
9.5.5.4 Certifications
9.5.6 Others
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