Philippines Construction Equipment Market to Reach 6,948 Units by 2030, Caterpillar and Komatsu Leading the Way

The Philippines construction equipment market is expected to grow at a CAGR of 4.25% from 2025 to 2030, reaching 6,948 units. Caterpillar, Komatsu, Volvo CE, Hitachi Construction Machinery, XCMG, and SANY are front-runners in the market, while Kubota, Bobcat, Manitou, and JCB are emerging players. Earthmoving equipment accounts for the largest market share, with excavators being the most in-demand due to their extensive use in construction and residential projects. Material handling and road construction equipment also have significant market share and are expected to grow due to ongoing port expansion projects and infrastructure development.