Construction Market In South Korea 2024-2028
The construction market in South Korea is forecasted to grow by USD 48.1 bn during 2023-2028, accelerating at a CAGR of 4.37% during the forecast period. The report on the construction market in South Korea provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for modular houses, rising adoption of dry construction techniques, and rise in number of smart cities.
Technavio's construction market in South Korea is segmented as below:
By Type
By End-user
- Residential
- Non-residential
- Civil works
By Geographical Landscape
This study identifies the increase in public infrastructure spending by government as one of the prime reasons driving the construction market in South Korea growth during the next few years. Also, increase in adoption of new technologies and materials and growing infrastructural development in South Korea will lead to sizable demand in the market.
The report on the construction market in South Korea covers the following areas:
- Construction market in South Korea sizing
- Construction market in South Korea forecast
- Construction market in South Korea industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading construction market in South Korea vendors that include Bumwood Co. Ltd., Daewoo E and C, DL Group, DPR Construction, GS E and C Corp., Gyeyang Co. Ltd., Hanwha Corp., HDC Hyundai Development Co., HL D and I Halla, LOTTE Engineering and Construction Co. Ltd., MUNYOUNG Corp., Namkwang Construction Co. Ltd., POSCO Holdings Inc., Samsung Electronics Co. Ltd., SGC eTEC E and C, and SK ecoplant CO. LTD.. Also, the construction market in South Korea analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.