Press release
Taiwan Construction Market Size, Share, In-Depth Insights, Trends and Forecast 2026-2034
Market Overview
The Taiwan construction market size reached USD 37.4 Billion in 2025 and is projected to grow to USD 50.4 Billion by 2034. The market is expected to expand at a CAGR of 3.35% during the forecast period of 2026-2034. Growth is propelled by rapid urbanization, population expansion, government infrastructure initiatives, technological advancements, and rising foreign investments.
Study Assumption Years
● Base Year: 2025
● Historical Year/Period: 2020-2025
● Forecast Year/Period: 2026-2034
Taiwan Construction Market Key Takeaways
● Current Market Size: USD 37.4 Billion in 2025
● CAGR: 3.35%
● Forecast Period: 2026-2034
● Urban population constitutes 83.2% of Taiwan's total population, approximately 19,307,854 people as of 2024, driving demand for residential and commercial infrastructure.
● Government allocated NT$588.6 billion (USD 18.9 billion) for public infrastructure projects in 2024, which is a 0.3% increase from 2023.
● Forward-looking Infrastructure Development Program focuses on transportation, water resources, green energy, and digital infrastructure.
● Technological adoption including BIM, IoT, and energy-efficient systems is enhancing construction efficiency and sustainability.
● Market segmentation includes Residential, Commercial, Industrial, Infrastructure (Transportation), and Energy and Utilities Construction sectors.
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Taiwan Construction Market Growth Factors
The Taiwan construction market is predominantly driven by rapid urbanization and population growth. Urbanization in Taiwan increased to 83.2% of the total population amounting to 19,307,854, in 2024. As urban areas develop, residential, commercial and infrastructure projects are required. Government investment in urban renewal results in new construction and renovation of existing infrastructure projects, as well as a focus on high density housing in urban areas.
Public infrastructure projects have substantially contributed to growth, with the government having allocated a budget of NT$588.6 billion (USD 18.9 billion) for 2024, a 0.3% increase over the previous year. Programs such as the Forward-looking Infrastructure Development Program, which stresses transportation, water, green energy, and digital infrastructure spending, can stimulate growth in the construction services sector by creating favorable economic conditions for private sector real estate, private sector commercial real estate, and private sector investment. Regulations and policies based on sustainability encourage building practices that are innovative and energy-efficient.
Emerging technologies such as building information modeling (BIM), Internet of Things devices, and energy-saving building technology in smart buildings are reshaping the construction industry in Taiwan. Technology should grow the market when it reduces construction time and cost and also improves building quality. Because legislators enacted environmental laws and because the public demands green housing developments more and more, developers design energy-efficiently and use green materials.
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Taiwan Construction Market Segmentation
Breakup by Sector:
● Residential: Focuses on residential housing development driven by urban population growth.
● Commercial: Includes construction of commercial spaces responding to urbanization and economic activity.
● Industrial: Encompasses industrial facility development to support economic infrastructure.
● Infrastructure (Transportation): Covers transportation-related infrastructure projects including roads and public transit systems.
● Energy and Utilities Construction: Pertains to the construction of energy facilities and utility infrastructure.
Breakup by Region:
● Northern Taiwan
● Central Taiwan
● Southern Taiwan
● Eastern Taiwan
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Recent Developments & News
In July 2024, HDEC, a subsidiary of Continental Holdings Corporation, was awarded the Southern Taiwan Science Park (STSP) tender for the Chiayi Campus Wastewater Treatment Plant New Construction Project with a total value of NT$12.76 billion.
In May 2023, AGP announced the development of a full product line for various applications in the construction industry, including diamond coring motors, tile core drills, diamond hand saws, stone saw, wall chaser, and drywall sander with high frequency brushless motor, enhancing task efficiency and reliability.
Key Players
● HDEC (subsidiary of Continental Holdings Corporation)
● AGP
Competitive Landscape
The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us
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