Philippines Construction Equipment Industry Report 2023-2029: Supply Chain Woes Elevate Demand for Rental Construction Equipment [Yahoo! Finance]
MURATA MFG INC UNSP/ADR (MRAAY)
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Source: Yahoo! Finance
The Philippines construction equipment market by volume is expected to grow at a CAGR of 4.16% from 2023-2029. Earthmoving equipment accounted for the largest market share of the Philippines construction equipment market in 2023. Excavators in the earthmoving segment accounted for the largest share in 2023. Rising investment in housing, port expansion, and public infrastructure projects is expected to drive the demand for excavators in the Philippines construction equipment market. Caterpillar, Komatsu, Liebherr, Volvo CE, Hitachi Construction Machinery, XCMG, and SANY are leaders in the Philippines construction equipment market. These companies have strong market share and offer diverse sets of equipment. Tadano, Terex, Bobcat, CNH Industrial, Manitou, Takeuchi & Yanmar are niche Philippines construction equipment players. These companies offer low product diversification and have a strong presence in the Philippines' local market. In May 2023 , the National Economic and Devel
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