IMARC Group has recently released a new research study titled “Taiwan Construction Market Report by Sector (Residential, Commercial, Industrial, Infrastructure (Transportation), Energy and Utilities Construction), and Region 2026-2034”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

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

Urbanization and Population Growth: Urbanization and population increase are major catalysts for Taiwan construction market growth. In 2024, 83.2% of the population (approximately 19,307,854 people) lived in urban areas, leading to growing demand for residential housing, commercial spaces, and infrastructure development. Government investments in urban renewal and high-density housing solutions further drive construction activities to accommodate the expanding urban population.

Government Infrastructure Initiatives: The Taiwanese government plays a vital role by allocating NT$588.6 billion (US$ 18.9 billion) in its 2024 budget for public infrastructure projects, marking a slight increase of 0.3% from 2023. Programs such as the Forward-looking Infrastructure Development Program focus on transportation, water resources, green energy, and digital infrastructure, creating direct demand for construction services and stimulating private investment in real estate and commercial ventures.

Technological Advancements and Smart Building Solutions: Taiwan's construction sector is rapidly adopting advanced technologies. Building Information Modeling (BIM), Internet of Things (IoT) devices, and energy-efficient building systems are becoming mainstream. These innovations enhance construction efficiency, cost-effectiveness, and building quality. There is also an increased emphasis on sustainable materials and energy-efficient structures to comply with environmental regulations and cater to consumer demand for greener living and working spaces.

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Taiwan Construction Market Segmentation

Breakup by Sector Insights:

  • 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.

Each segment addresses sector-specific construction demands in Taiwan's growing urban and economic environment.

Regional Insights

Northern Taiwan, Central Taiwan, Southern Taiwan, and Eastern Taiwan are the primary regional markets. The report highlights these as major areas but does not specify which is dominant nor provides explicit market share or CAGR by region. Therefore, detailed regional dominance statistics are not provided in the source.

Summary: The report covers all key Taiwanese regions including Northern, Central, Southern, and Eastern Taiwan, analyzing market trends without specifying regional dominance or precise regional statistics.

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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

Customization Note

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.

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