Philippines (TIC) Market for Building & Construction Market to 2032
Overview
The Philippines (TIC) Market for Building & Construction Market is expected to reach a 295.54 USD Million by 2032 and is projected to grow at a CAGR of 6.96% from 2025 to 2032.
Revenue, 2024 (USD Million)
203.49
Forecast, 2032 (USD Million)
295.54
CAGR, 2024 - 2032
6.96%
Report Coverage
Philippines
Philippines (TIC) Market for Building & Construction Market 2018-2032 USD Million
Philippines (TIC) Market for Building & Construction Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 203.49 USD Million
- Projected Market Size (2032): 295.54 USD Million
- CAGR (2025-2032): 6.96%
Key Findings of Philippines (TIC) Market for Building & Construction Market
- The Philippines (TIC) Market for Building & Construction Market was valued at 203.49 USD Million in 2024.
- The Philippines (TIC) Market for Building & Construction Market is likely to grow at a CAGR of 6.96% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment In-House in Sourcing Type Segment accounted for the largest share of the market with a revenue of 156.71 USD Million
- The fastest growing segment Structural Testing in Testing Type Segment grew Fastest with a CAGR of 8.66% during the forecast period from 2024 to 2032.
Philippines (TIC) Market for Building & Construction Market Scope
Philippines (TIC) Market for Building & Construction Market Segmentation & Scope
Application
- Residential Buildings
- Commercial Buildings
- Infrastructural
Testing Type
- Wind Load Testing
- Acoustics Testing
- Heat Pump Testing
- Indoor Environment Testing
- Fire Safety Testing
- Engineering Support
- Structural Testing
Sourcing Type
- Outsourced
- In-House
Service Type
- Certification
- Inspection
- Testing
Philippines (TIC) Market for Building & Construction Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 203.49 USD Million |
| Market Value in 2032 | 295.54 USD Million |
| CAGR (2025-2032) | 6.96% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Testing Type,Sourcing Type,Service Type |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 203.49 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 203.49 USD Million in 2024.
Segments and Scope
-
Philippines (TIC) Market for Building & Construction Market to 2032, By Application
- Infrastructural is the largest segment in Philippines (TIC) Market for Building & Construction Market to 2032 with a revenue of 95.16 USD Million in the year 2024.
- Infrastructural is the Fastest growing segment in Philippines (TIC) Market for Building & Construction Market to 2032 with a Growth rate of 7.99 % in forecast period 2025-2032.
-
Philippines (TIC) Market for Building & Construction Market to 2032, By Testing Type
- Structural Testing is the largest segment in Philippines (TIC) Market for Building & Construction Market to 2032 with a revenue of 55.86 USD Million in the year 2024.
- Structural Testing is the Fastest growing segment in Philippines (TIC) Market for Building & Construction Market to 2032 with a Growth rate of 8.66 % in forecast period 2025-2032.
-
Philippines (TIC) Market for Building & Construction Market to 2032, By Sourcing Type
- In-House is the largest segment in Philippines (TIC) Market for Building & Construction Market to 2032 with a revenue of 156.71 USD Million in the year 2024.
- In-House is the Fastest growing segment in Philippines (TIC) Market for Building & Construction Market to 2032 with a Growth rate of 7.52 % in forecast period 2025-2032.
-
Philippines (TIC) Market for Building & Construction Market to 2032, By Service Type
- Testing is the largest segment in Philippines (TIC) Market for Building & Construction Market to 2032 with a revenue of 90.70 USD Million in the year 2024.
- Testing is the Fastest growing segment in Philippines (TIC) Market for Building & Construction Market to 2032 with a Growth rate of 7.88 % in forecast period 2025-2032.
Philippines (TIC) Market for Building & Construction Market Company Share Analysis
| Company Name |
|
||
| Intertek Group plc | |||
| Lloyd's | |||
| TÜV SÜD | |||
| SGS Société Générale de Surveillance SA | |||
| BUREAU VERITAS | |||
Philippines (TIC) Market for Building & Construction Market Geographical Sales Distribution, 2018-2032 USD Million
Philippines (TIC) Market for Building & Construction Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines (TIC) Market for Building & Construction Market is segmented based on Segmentation Application,Testing Type,Sourcing Type,Service Type.
Philippines (TIC) Market for Building & Construction Market was valued at USD 203.49(Revenue in USD Million) in 2020.
Philippines (TIC) Market for Building & Construction Market is projected to grow at a CAGR of 6.96% during the forecast period of 2024 to 2032.
The In-House segment is expected to dominate the Philippines (TIC) Market for Building & Construction Market, holding a largest market share of 156.71 USD Million in 2024
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Philippines (TIC) Market for Building & Construction Market Scope
Philippines (TIC) Market for Building & Construction Market Segmentation & Scope
Application
- Residential Buildings
- Commercial Buildings
- Infrastructural
Testing Type
- Wind Load Testing
- Acoustics Testing
- Heat Pump Testing
- Indoor Environment Testing
- Fire Safety Testing
- Engineering Support
- Structural Testing
Sourcing Type
- Outsourced
- In-House
Service Type
- Certification
- Inspection
- Testing
Frequently Asked Questions
The Philippines (TIC) Market for Building & Construction Market is segmented based on Segmentation Application,Testing Type,Sourcing Type,Service Type.
Philippines (TIC) Market for Building & Construction Market was valued at USD 203.49(Revenue in USD Million) in 2020.
Philippines (TIC) Market for Building & Construction Market is projected to grow at a CAGR of 6.96% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines (TIC) Market for Building & Construction Market for final year is USD 295.54 (USD Million).
Philippines (TIC) Market for Building & Construction Market Company Profiling
Frequently Asked Questions
The Philippines (TIC) Market for Building & Construction Market is segmented based on Segmentation Application,Testing Type,Sourcing Type,Service Type.
Philippines (TIC) Market for Building & Construction Market was valued at USD 203.49(Revenue in USD Million) in 2020.
Philippines (TIC) Market for Building & Construction Market is projected to grow at a CAGR of 6.96% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines (TIC) Market for Building & Construction Market for final year is USD 295.54 (USD Million).
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