Taiwan Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

Taiwan Construction Market Overview

The Taiwan construction market size was $79.5 billion in 2022. The market is projected to achieve an AAGR of more than 3% during 2024-2027, supported by government investment in the development of transport infrastructure, the tourism sector, energy infrastructure and housing.

Taiwan Construction Market Outlook, 2022-2027

For more insights into the Taiwan construction market forecast, download a free report sample

The Taiwan construction market research report provides detailed market analysis, information, and insights into the Taiwan construction industry, including the growth prospects of the industry by market, project type, and construction activity. The report also delivers critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Taiwan construction industry. The report also provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Taiwan Construction Market Segmentation by Sectors

The key sectors in the Taiwan construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. Residential construction led the Taiwan construction market in 2022.

Commercial construction: The commercial construction sector is expected to contract in real terms in 2023, owing to subdued investor and consumer confidence amid rising inflation. Assuming activity in the tourism sector continues to strengthen, an increase in investment in the tourism, leisure, and hospitality markets will help to support commercial construction output in the coming years. GlobalData expects the commercial construction sector to register an annual average growth of more than 3% from 2024 to 2027.

Industrial construction: The industrial construction sector is expected to decline by more than 1% in real terms this year, owing to weak business confidence stemming from elevated energy costs and a softening of external demand. The industrial sector’s output is expected to rebound in 2024, with the sector projected to record growth of more than 2%, before recording a significant annual average growth over the remainder of the forecast period (2025–27), supported by the government’s focus on the development of the semiconductor and electronics manufacturing industries, as well as an improvement in external demand and the wider economy.

Infrastructure construction: The infrastructure construction sector is expected to expand by more than 3% in real terms this year, before registering an annual average growth of more than 4% from 2024 to 2027, supported by the government’s focus on the development of road, rail, and airport infrastructure.

Energy and utilities construction: GlobalData expects the energy and utilities construction sector to register an annual growth of more than 1% in real terms this year, before registering an annual average growth from 2024 to 2027, supported by the government’s focus on the development of oil and gas, telecommunications and energy infrastructure, particularly renewable energy infrastructure. In January 2023, NEFIN Capital Taiwan Company Limited, a renewable energy supplier, announced a collaboration with City Development Company Limited to develop solar energy capacity in the country.

Institutional construction: Following a contraction of less than 1% in real terms in 2022, the institutional construction sector is expected to expand this year, before registering an annual average growth of more than 2% from 2024 to 2027, supported by the government’s focus on the development of educational and healthcare facilities.

Residential construction: The residential construction sector is expected to decline by more than 1% in real terms this year, following annual growth of less than 1% in 2022, owing to weak investor and consumer confidence amid high inflation and interest rates and a decline in residential construction licenses issued.

Taiwan Construction Market Analysis by Sectors, 2022 (%)

For more Taiwan construction market sector insights, download a free report sample

Segments Covered in the Report

Taiwan Construction Sectors Outlook (Value, US$ Million, 2018-2027)

• Commercial Construction
• Industrial Construction
• Infrastructure Construction
• Energy and Utilities Construction
• Institutional Construction
• Residential Construction

Scope

This report provides a comprehensive analysis of the construction industry in Taiwan. It provides

• Historical and forecast valuations of the construction industry in Taiwan, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to Buy

• Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using GlobalData’s critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.