Taiwan Construction Industry Analysis Report 2024: Growth Output has been Revised Down from 3.4% to 0.9% this Year - Forecasts to 2028 - ResearchAndMarkets.com

The "Taiwan Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H1 2024)" report has been added to ResearchAndMarkets.com's offering.

Output growth has been revised down in Taiwan's construction industry from 3.4% to 0.9%, for 2024.

This downward revision is attributed to a decline in approved construction permits and construction commencements. According to Taiwan's Directorate General of Budget, Accounting and Statistics (DGBAS), the total floor area of construction permits issued in the country fell by 8.1% year-on-year (YoY) in first four months of 2024, while construction commencement fell by 7.6% YoY, during the same period.

In April 2024, Taiwan suffered its strongest earthquake in 25 years and this is expected to impact the industry's output this year. In early April 2024, the world's largest contract chipmaker - Taiwan Semiconductor Manufacturing Co (TSMC) - suspended work at its construction sites in Taiwan.

Over the remainder of the forecast period, Taiwan's construction industry is expected to expand at an annual average rate of 4% between 2025 and 2028, supported by investment in semiconductor manufacturing, transport, tourism, energy, and housing. Taiwan aims to achieve net-zero emissions by 2050 and generate 20% of its electricity by renewables, 30% by coal, and 50% by gas by 2025, and this is expected to drive investment in the renewable energy sector.

By 2050, Taiwan plans to generate 60-70% of electricity from renewables, with the remainder coming from gas and hydrogen. In a boost to the energy sector's output, construction commenced on the TWD117 billion ($3.8 billion) Hai Long offshore wind project, Taiwan's longest offshore wind project, in April 2024; the project will be implemented by a joint venture between Northland and Mitsui Group.

Scope

• 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 the analyst'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 the analyst's critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.

Key Topics Covered:

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

For more information about this report visit https://www.researchandmarkets.com/r/q5wmfg

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