Taiwan Infrastructure Report

Published 19 June 2015

  • 85 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Taiwan Infrastructure Report

BMI View: Taiwan's construction industry will accelerate at a modest pace through to the end of our forecast period in 2024 , despite a very slight slow in growth in 2015 . Weak gross fixed capital formation and government consumption will hold the industry back a little, but overall positive economic growth, a business-oriented monetary environment, a desire to improve transport and changes in the energy policy will provide tailwind. Downside risk will come from weak external demand and falling house prices.

Key Trends And Developments

  • The 2015 budget has allocated TWD5bn (USD160mn) to improving transportation networks and facilities to help encourage public transportation usage, with the government aiming for public transportation to have a market share of 30% by 2025.

  • We expect Taiwan to continue relying heavily on thermal sources to meet power demand, thus ensuring that the country's import bill remains high. Such a situation will only strengthen the need for energy security and diversity in the long-term, which should benefit renewables and thermal infrastructure development - although public sentiment is poor towards expanding the latter as an energy source.

  • Taipei mayor Ko Wen-je is attempting to deal with graft and improve the city's business reputation. In March he announced the Taipei City Joint Center for Project Contract Outing and Purchasing, which will openly handle all works procurement for non-construction related city government departments. At a BOT system evaluation conference in May he called for a shakeup of the current system and pointed blame at the entanglement between business and politics, as well as a culture of dishonesty in politics.

  • In Q115 house prices grew 1.2% year-on-year, down from double digit growth in Q114. Taipei specifically has some of the world's most expensive housing, at 15 times income, making it difficult for young Taiwanese to buy homes. New regulations are being deployed to help cool the property...

Table of Contents

BMI Industry View
7
SWOT
8
Infrastructure SWOT
8
Industry Forecast
10
Construction And Infrastructure Forecast Scenario
10
Table: Construction And Infrastructure Industry Data (Taiwan 2013-2018)
10
Table: Construction And Infrastructure Industry Forecasts (Taiwan 2019-2024)
11
Transport Infrastructure - Outlook And Overview
19
Table: Transport Infrastructure Industry Data And Forecasts (Taiwan 2013-2018)
19
Table: Transport Infrastructure Industry Forecasts (Taiwan 2019-2024)
19
Table: Competitiveness Of Taiwan's Infrastructure - Rank Out Of All Countries Assessed, 2009/10-2014/15
21
Major Projects Table - Transport
25
Table: Key Projects - Transport
25
Energy And Utilities Infrastructure - Outlook And Overview
29
Table: Energy And Utilities Infrastructure Data And Forecasts (Taiwan 2013-2018)
29
Table: Energy And Utilities Infrastructure Forecasts (Taiwan 2019-2024)
29
Renewables
33
Nuclear
34
Water Supply
35
Major Projects Table - Energy And Utilities
36
Table: Major Projects - Energy And Utilities
36
Residential/NonResidential Building - Outlook And Overview
38
Table: Residential And Non-Residential Building Industry Data (Taiwan 2013-2018)
38
Table: Residential And Non-Residential Building Industry Forecasts (Taiwan 2019-2024)
38
Table: Taiwan - Construction And Social Infrastructure Major Projects
45
Industry Risk/Reward Index
46
Asia Pacific - Infrastructure Risk/Reward Index
46
Developed Markets: Favoured
47
Giants Of Asia: Rewards Sizeable, Risks Sizeable
49
South East Asia: Environment Deteriorating Slightly
50
Table: Asia Pacific Infrastructure Risk Reward Index
52
Taiwan - Infrastructure Risk/Reward Index
52
Rewards
53
Risks
53
Market Overview
55
Competitive Landscape
55
Company Profile
57
Kung Sing Engineering
57
BES Engineering
59
CTCI Corporation
61
Global Industry Overview
66
Industry Trend Analysis
66
Table: Multilaterals And Development Bank Infrastructure Support Programmes
70
Methodology
72
Industry Forecast Methodology
72
Sector-Specific Methodology
73
Risk/Reward Index Methodology
77
Sector-Specific Methodology
78
Table: Infrastructure Risk/Reward Index Indicators
78
Table: Weighting Of Indicators
79

The Taiwan Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Taiwan Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Taiwanese infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Taiwan to test other views - a key input for successful budgetary and planning in the Taiwanese infrastructure market.
  • Target business opportunities and risks in the Taiwanese infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Taiwan.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc