Religious Building Construction in Philippines Market Snapshot to 2014 by WMIntelligence

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									Religious Building Construction in
Philippines: Market Snapshot to 2014

Reference code: WMCN9658MS
Published: May-2010




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Religious Building Construction in Philippines: Market Snapshot to 2014                                       Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 1
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1     SECTOR OVERVIEW ............................................................................................................. 4
2     MARKET DATA ...................................................................................................................... 5
2.1     Market Value 2005-2009 ...................................................................................................................................... 5
2.2     Market Segmentation, By Project Type, 2009 ..................................................................................................... 6
2.3     Market Value Forecast, 2009-2014 ...................................................................................................................... 7
2.4     Future Market Segmentation, By Project Type, 2009-2014................................................................................. 8
3     APPENDIX .............................................................................................................................. 9
3.1     Research Methodology ........................................................................................................................................ 9
3.2     Definitions ............................................................................................................................................................ 9
      3.2.1     Additional Notes ........................................................................................................................................ 10
3.3     About World Market Intelligence ........................................................................................................................ 10




Religious Building Construction in Philippines: Market Snapshot to 2014                                                                                Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                                                                Page 2
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List of Tables

Table 1: Religious Building Construction in Philippines, Market Value - US$ Million, 2005-2009 ....................................... 5

Table 2: Religious Building Construction in Philippines, Market Segmentation by Project Type, US$ Million, 2009 .......... 6

Table 3: Religious Building Construction in Philippines, Market Forecast - US$ Million, 2009-2014 .................................. 7

Table 4: Religious Building Construction in Philippines, Market Segmentation by Project, US$ Million, 2014 ................... 8



List of Figures

Figure 1: Religious Building Construction in Philippines, Market Value - US$ Million, 2005-2009 ...................................... 5

Figure 2: Religious Building Construction in Philippines, Market Segmentation by Project Type, % Share, 2009 ............. 6

Figure 3: Religious Building Construction in Philippines, Market Forecast - US$ Million, 2009-2014 ................................. 7

Figure 4: Religious Building Construction in Philippines, Market Segmentation by Project, % Share, 2014 ...................... 8




Religious Building Construction in Philippines: Market Snapshot to 2014                                         Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                                     Page 3
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1 SECTOR OVERVIEW
Following expansion at a compound annual growth rate of -2.49% between 2005-2009, the religious buildings
construction sector in Philippines reached a value of US$8.35 million in 2009, which represented an increase of 0.65%
on 2008. The market achieved its strongest performance in 2007 when it expanded by 120.00% and its weakest
performance in 2008, when it fell by 60.13%.

In comparison, the fastest growing construction sector of the institutional construction market between 2005-2009 was
institutional buildings which achieved a CAGR of 4.24%. The religious buildings construction sector was the weakest in
the institutional construction market between 2005-2009 and declined a CARC of 2.49%.

By 2009, the religious buildings accounted for 4.29% of the institutional construction. In comparison, educational
buildings represented 44.34% while healthcare buildings generated a further 36.35% of the market's 2009 share.

Looking ahead, the religious buildings market is expected to expand at a CAGR of 0.65% between 2009-2014, reaching
a value of US$ 8.62 million in 2014. This represents total decline of 6.62% since 2005 and 3.30% since 2009.

In comparison, the fastest growing construction sector of the institutional construction market between 2009-2014 is
forecast to be institutional buildings, which is expected to achieve a CAGR of 7.27%. The religious buildings
construction sector is expected to be the weakest in the institutional construction market between 2009-2014 and
achieve a CAGR of 0.65%.

By 2014, the religious buildings is forecast to account for 3.58% of the institutional construction. In comparison,
healthcare buildings is predicted to account for 41.61%, while educational buildings is expected to generate a further
38.57% of the market's 2014 share.




Religious Building Construction in Philippines: Market Snapshot to 2014                                       Published May 2010
© World Market Intelligence. This report is a licensed product and is not to be photocopied                              Page 4
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2 MARKET DATA
2.1 Market Value 2005-2009

Religious buildings sector in Philippines was valued at US$ 8.35 million in 2009; an increase of 0.65% on 2008. The
sector observed CARC of -2.49%.


Table 1: Religious Building Construction in Philippines, Market Value - US$ Million, 2005-2009

Year                                                                                            US$ Million                                % Growth
2005                                                                                                  9.24
2006                                                                                                  9.46                                     2.4%
2007                                                                                                 20.81                                   120.0%
2008                                                                                                  8.30                                   -60.1%
2009                                                                                                  8.35                                     0.6%

                                                                                        CAGR 2005-2009                                       -2.49%

Source: World Market Intelligence Analysis                                          
								
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