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Taiwan Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027

Publisher GlobalData
Published May 24, 2023
Length 23 Pages
SKU # GBDT18015741

Description

Taiwan Construction Market Size, Trend Analysis by Sector (Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential) and Forecast, 2023-2027


Summary

GlobalData predicts that Taiwan’s construction industry will expand by a marginal 0.5% in real terms this year, down from the annual growth of 1.5% recorded in 2022. This slowing of growth is attributed to softer investor and consumer confidence, high inflation and interest rates, and weaker external demand. According to the Directorate General of Budget, Accounting and Statistics (DGBAS), the construction industry’s value-add declined by 3.1% year on year (YoY) in Q4 2022, following Y-o-Y growth of 3.3% in Q3 and 1.3% in Q2 2022. Moreover, the total gross fixed capital formation in the construction industry declined by 2.7% YoY in Q4 2022, following Y-o-Y growth of 3.8% in Q3 and 2.9% in Q2 2022.Over the remainder of the forecast period, Taiwan’s construction industry is expected to expand at an annual average rate of 3.5% between 2024 and 2027, supported by government investment in the development of transport infrastructure, the tourism sector, energy infrastructure and housing. In December 2022, Taiwan’s legislature passed the special budget bill for 2023-2024, which will authorize the government to invest an additional TWD209 billion ($7.1 billion) on infrastructure development in 2023 and 2024. The bill will support government plans to construct rail infrastructure, expand green energy, promote urban development and improve digital infrastructure.The report provides detailed market analysis, information, and insights into Taiwan’s construction industry, including -
  • Taiwan’s 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 Taiwan’s construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Taiwan. It provides -
  • Historical (2018-2022) and forecast (2023-2027) 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.

    Table of Contents

    23 Pages
    1. Construction Outlook
    2. Construction Industry: At-a-Glance
    3. Latest News and Developments
    4. Project Analytics
    5. Construction Market Data
    6. Risk Profile
    7. About GlobalData
    7.1 Definitions
    7.2 CRI Methodology
    List of Tables
    Table 1: Construction Industry Key Data
    Table 2: Taiwan, Top Construction Projects by Value
    Table 3: Taiwan, Construction Output Value (Real, $ Million)
    Table 4: Taiwan, Construction Output Value (Nominal, TWD Billion)
    Table 5: GlobalData Construction Market Definitions
    Table 6: Risk Dimensions
    Table 7: Ratings, Scores and Definitions
    List of Figures
    Figure 1: Taiwan, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018-27
    Figure 2: Taiwan, Construction Output Value, by Sector (Real, $ Million), 2018-27
    Figure 3: North-East Asia, Construction Output (Real % Change), 2021-27
    Figure 4: Taiwan, Construction Output by Sector (Real % Change), 2021-23 and 2024-27
    Figure 5: Taiwan, Construction Value Add, In Chained 2016 Prices, In TWD Million
    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 8: Taiwan, Visitor Arrivals, In Thousand
    Figure 9: Taiwan, Hotel Occupancy Rate
    Figure 10: Taiwan, Wholesale and Retail Trade Sales, % Change YoY
    Figure 11: Taiwan, Sales of Food and Beverage Services (TWD Billion)
    Figure 12: Taiwan, Industrial and Manufacturing Production Indices, 2016=100, % Change YoY
    Figure 12: Taiwan, Total Exports Value ($ Billion)
    Figure 12: Taiwan, Total Floor Area of Residential Construction Commencement, In Thousand m2
    Figure 12: Taiwan, Total Floor Area of Residential Construction Licenses, In Thousand m2
    Figure 5: Taiwan, Construction Projects Pipeline, Value by Stage ($ Million)
    Figure 6: Taiwan, Risk Summary
    Figure 7: Taiwan, Risk Regional Comparison

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