Construction industry in Taiwan

The construction industry is a critical component in the economy of Taiwan, underpinning infrastructure, urban development, and housing projects. In Q1 2025, Gross Domestic Product (GDP) from construction reached NT$186 billion, marking a significant increase from NT$138 million in Q4 2024. In 2023, the total market value of Taiwan’s construction sector was estimated at USD 56.6 billion, with forecasts projecting growth to USD 74.3 billion by 2030 at a compound annual growth rate (CAGR) of 3.4%. From 2020 to 2024, the industry expanded at a CAGR of 6.1%, with expectations to maintain around 4% annual growth through 2029. In 2022 alone, non-residential construction accounted for approximately 69.7% of total industry revenue, equating to USD 54.65 billion.

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