Taiwan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Taiwan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

Summary

GlobalData’s Construction in Taiwan - Country Briefing (H2 2024) report provides detailed market analysis, information and insights into the Taiwanese construction industry, including -

  • The Taiwanese construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Taiwanese construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
GlobalData estimates the construction industry in Taiwan to expand by 1.9% in 2024 and 3.6% in 2025, supported by an improvement in manufacturing and export activities. According to the Ministry of Economic Affairs (MOEA), the average industrial production index grew by 10.9% year-on-year (YoY) in the first nine months of 2024, while the average manufacturing production index grew by 11.3% YoY over the same period. Similarly, Taiwan’s exports grew by 10.1% YoY during the first nine months of 2024. In a boost to the industry's output, the leaders of the ruling and opposition parties in the Legislative Yuan adopted a motion in early November 2024 to begin the review of the 2025 central government budget proposal, following a month-long stalemate amid the opposition's demand to the Cabinet to revise its spending plan. The proposed budget for 2025 involves an expenditure of TWD3.1 trillion ($101.2 billion), which is 9.8% higher than the 2024 budget expenditure of TWD2.9 trillion ($92.2 billion). The largest share of the 2025 Budget - equivalent to 26.5% - corresponds to the social welfare sector; this is followed by allocations to the education, science, and culture (19.3%), and the economic development affairs (17.2%) sectors.

The construction industry in Taiwan is expected to register an average annual growth rate of 4.2% from 2026 to 2028, supported by investments in the transport, renewable energy, and housing infrastructure sectors. Taiwan's Premier announced in July 2024 that the cabinet is planning to raise TWD3-4 trillion ($97-129.3 billion) in domestic and overseas capital to invest in major infrastructure projects and the development of key industries in Taiwan. To support this move, the cabinet will establish a platform to bring together different government agencies to facilitate the process. In another boost to the industry's output, in August 2024, the Taiwanese cabinet approved its next economic development plan for 2025-2028, setting macroeconomic goals for the next four years

Scope

This report provides a comprehensive analysis of the construction industry in Taiwan. It provides -
  • Historical (2019-2023) and forecast (2024-2028) 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 our 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 business strategies using GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors


1 Executive Summary
2 Construction Industry: At-a-Glance
3 Latest news and developments
4 Project analytics
5 Construction Market Data
6 Risk Profile
7 Appendix
7.1 Definitions
7.2 CRI Methodology
7.3 About GlobalData
Contact Us
List of Tables
Table 1: Spain Sugar Confectionery Market Value (EUR m) and Growth (Y-o-Y), 2018-28
Table 2: Spain Sugar Confectionery Market Value (USD m) and Growth (Y-o-Y), 2018-28
Table 3: Spain Sugar Confectionery Market Value (EUR m) by Segments, 2018-23
Table 4: Spain Sugar Confectionery Market Value (EUR m) by Segments, 2023-28
Table 5: Spain Sugar Confectionery Market Value (USD m) by Segments, 2018-23
Table 6: Spain Sugar Confectionery Market Value (USD m) by Segments, 2023-28
Table 7: Spain Sugar Confectionery Market Volume (Kg m) and Growth (Y-o-Y), 2018-28
Table 8: Spain Sugar Confectionery Market Volume (Kg m) by Segments, 2018-23
Table 9: Spain Sugar Confectionery Market Volume (Kg m) by Segments, 2023-28
Table 10: Spain Caramels and Toffees Market by Value (EUR m), 2018-28
Table 11: Spain Caramels and Toffees Market by Value (USD m), 2018-28
Table 12: Spain Caramels and Toffees Market by Volume (Kg m), 2018-28
Table 13: Spain Gums and Jellies Market by Value (EUR m), 2018-28
Table 14: Spain Gums and Jellies Market by Value (USD m), 2018-28
Table 15: Spain Gums and Jellies Market by Volume (Kg m), 2018-28
Table 16: Spain Hard Boiled Sweets Market by Value (EUR m), 2018-28
Table 17: Spain Hard Boiled Sweets Market by Value (USD m), 2018-28
Table 18: Spain Hard Boiled Sweets Market by Volume (Kg m), 2018-28
Table 19: Spain Liquorice Market by Value (EUR m), 2018-28
Table 20: Spain Liquorice Market by Value (USD m), 2018-28
Table 21: Spain Liquorice Market by Volume (Kg m), 2018-28
Table 22: Spain Lollipops Market by Value (EUR m), 2018-28
Table 23: Spain Lollipops Market by Value (USD m), 2018-28
Table 24: Spain Lollipops Market by Volume (Kg m), 2018-28
Table 25: Spain Medicated Confectionery Market by Value (EUR m), 2018-28
Table 26: Spain Medicated Confectionery Market by Value (USD m), 2018-28
Table 27: Spain Medicated Confectionery Market by Volume (Kg m), 2018-28
Table 28: Spain Mints Market by Value (EUR m), 2018-28
Table 29: Spain Mints Market by Value (USD m), 2018-28
Table 30: Spain Mints Market by Volume (Kg m), 2018-28
Table 31: Spain Other Sugar Confectionery Market by Value (EUR m), 2018-28
Table 32: Spain Other Sugar Confectionery Market by Value (USD m), 2018-28
Table 33: Spain Other Sugar Confectionery Market by Volume (Kg m), 2018-28
Table 34: Spain Sugar Confectionery Market Value by Brands (EUR m), 2020-23
Table 35: Spain Sugar Confectionery Market Value by Brands (USD m), 2020-23
Table 36: Spain Sugar Confectionery Market Volume by Brands (Kg m), 2020-23
Table 37: Spain Sugar Confectionery Market Value by Distribution Channel (EUR m), 2020-23
Table 38: Spain Sugar Confectionery Market Value by Distribution Channel (USD m), 2020-23
Table 39: Category Definitions - Sugar Confectionery Market
Table 40: Distribution Channel Definitions Sugar Confectionery Market
Table 41: Volume Units for Sugar Confectionery Market
Table 42: Spain Exchange Rate EUR - USD (Annual Average), 2018 - 2023
Table 43: Spain Exchange Rate EUR - USD (Annual Average), 2024 - 2028 Forecast
List of Figures
Figure 1: Taiwan, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 2: Taiwan, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 3: North-East Asia, Construction Output (Real % Change), 2022-28
Figure 4: Taiwan, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 5: Taiwan, Construction Value-Add, In Chained 2016 Prices, In TWD Billion
Figure 6: Taiwan, Total Floor Area of Construction Licenses, In Thousand m2
Figure 7: Taiwan, Total Floor Area of Construction Commencement, In Thousand m2
Figure 8: Taiwan, Gross Fixed Capital Formation in Construction Industry (2016 Chained Prices, TWD Billion)
Figure 9: Taiwan, Visitor Arrivals, In Thousand
Figure 10: Taiwan, Hotel Occupancy Rate
Figure 11: Taiwan, Wholesale and Retail Trade Sales, % Change YoY
Figure 12: Taiwan, Sales of Food and Beverage Services (TWD Billion)
Figure 13: Taiwan, Industrial and Manufacturing Production Indices, 2021=100, % Change YoY
Figure 14: Taiwan, Total Exports Value ($ Billion)
Figure 15: Taiwan, Total Floor Area of Residential Construction Commencement, In Thousand m2
Figure 16: Taiwan, Total Floor Area of Residential Construction Licenses, In Thousand m2
Figure 17: Taiwan, Employment in the Construction Industry, In Thousands
Figure 18: Taiwan, Construction cost index (2021=100)
Figure 19: Taiwan, Construction Projects Pipeline, Value by Stage ($ Million)
Figure 20: Taiwan, Risk Summary
Figure 21: Taiwan, Risk Regional Comparison

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