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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Market Growth Factors

Rapid urbanization and steady population growth are key factors accelerating infrastructure development and driving Taiwan construction market demand across residential, commercial, and industrial sectors. In 2024, 83.2% of the population, which is 19,307,854 people, lives in urban areas. This migration towards cities increases demand for residential housing, commercial spaces, and infrastructure projects, including urban renewal initiatives aimed at revitalizing older city areas. The growth in urban centers necessitates high-density housing solutions to accommodate the increasing population.

Government infrastructure initiatives significantly stimulate market growth. The 2024 public infrastructure budget is NT$588.6 billion (approximately USD 18.9 billion), marking a 0.3% increase from 2023. Programs like the Forward-looking Infrastructure Development Program invest in transportation, water resources, green energy, and digital infrastructure, creating direct demand for construction services. Additionally, government policies promoting sustainable and energy-efficient buildings drive innovation and construction practices.

Technological advancements transform the market by integrating smart building technologies such as building information modeling (BIM), the Internet of Things (IoT), and energy-efficient systems. These innovations improve construction efficiency, reduce costs, and elevate building quality. Developers increasingly use sustainable materials and focus on energy-efficient structures to comply with environmental regulations and meet consumer demand for greener living environments.

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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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