Construction Market In South Korea 2024-2028

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
  • Private
  • Public
By End-user
  • Residential
  • Non-residential
  • Civil works
By Geographical Landscape
  • APAC
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.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
Chart on South Korea: Year-over-year growth 2023-2028 (%)
Data Table on South Korea: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Construction Market in South Korea 2018 - 2022
Historic Market Size - Data Table on Construction Market in South Korea 2018 - 2022 ($ billion)
4.2 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
6.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
6.3 Private - Market size and forecast 2023-2028
Chart on Private - Market size and forecast 2023-2028 ($ billion)
Data Table on Private - Market size and forecast 2023-2028 ($ billion)
Chart on Private - Year-over-year growth 2023-2028 (%)
Data Table on Private - Year-over-year growth 2023-2028 (%)
6.4 Public - Market size and forecast 2023-2028
Chart on Public - Market size and forecast 2023-2028 ($ billion)
Data Table on Public - Market size and forecast 2023-2028 ($ billion)
Chart on Public - Year-over-year growth 2023-2028 (%)
Data Table on Public - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.4 Non-residential - Market size and forecast 2023-2028
Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
7.5 Civil works - Market size and forecast 2023-2028
Chart on Civil works - Market size and forecast 2023-2028 ($ billion)
Data Table on Civil works - Market size and forecast 2023-2028 ($ billion)
Chart on Civil works - Year-over-year growth 2023-2028 (%)
Data Table on Civil works - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Bumwood Co. Ltd.
Bumwood Co. Ltd. - Overview
Bumwood Co. Ltd. - Product / Service
Bumwood Co. Ltd. - Key offerings
11.4 Daewoo E and C
Daewoo E and C - Overview
Daewoo E and C - Product / Service
Daewoo E and C - Key offerings
11.5 DL Group
DL Group - Overview
DL Group - Product / Service
DL Group - Key offerings
11.6 DPR Construction
DPR Construction - Overview
DPR Construction - Product / Service
DPR Construction - Key offerings
11.7 GS E and C Corp.
GS E and C Corp. - Overview
GS E and C Corp. - Business segments
GS E and C Corp. - Key offerings
GS E and C Corp. - Segment focus
11.8 Hanwha Corp.
Hanwha Corp. - Overview
Hanwha Corp. - Product / Service
Hanwha Corp. - Key news
Hanwha Corp. - Key offerings
11.9 HDC Hyundai Development Co.
HDC Hyundai Development Co. - Overview
HDC Hyundai Development Co. - Product / Service
HDC Hyundai Development Co. - Key offerings
11.10 HL D and I Halla
HL D and I Halla - Overview
HL D and I Halla - Product / Service
HL D and I Halla - Key offerings
11.11 LOTTE Engineering and Construction Co. Ltd.
LOTTE Engineering and Construction Co. Ltd. - Overview
LOTTE Engineering and Construction Co. Ltd. - Product / Service
LOTTE Engineering and Construction Co. Ltd. - Key offerings
11.12 MUNYOUNG Corp.
MUNYOUNG Corp. - Overview
MUNYOUNG Corp. - Product / Service
MUNYOUNG Corp. - Key offerings
11.13 Namkwang Construction Co. Ltd.
Namkwang Construction Co. Ltd. - Overview
Namkwang Construction Co. Ltd. - Product / Service
Namkwang Construction Co. Ltd. - Key offerings
11.14 POSCO Holdings Inc.
POSCO Holdings Inc. - Overview
POSCO Holdings Inc. - Business segments
POSCO Holdings Inc. - Key news
POSCO Holdings Inc. - Key offerings
POSCO Holdings Inc. - Segment focus
11.15 Samsung Electronics Co. Ltd.
Samsung Electronics Co. Ltd. - Overview
Samsung Electronics Co. Ltd. - Business segments
Samsung Electronics Co. Ltd. - Key news
Samsung Electronics Co. Ltd. - Key offerings
Samsung Electronics Co. Ltd. - Segment focus
11.16 SGC eTEC E and C
SGC eTEC E and C - Overview
SGC eTEC E and C - Product / Service
SGC eTEC E and C - Key offerings
11.17 SK ecoplant CO. LTD.
SK ecoplant CO. LTD. - Overview
SK ecoplant CO. LTD. - Product / Service
SK ecoplant CO. LTD. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market aalysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Type
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
Exhibits14: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
Exhibits15: Chart on South Korea: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on South Korea: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Construction Market in South Korea 2018 - 2022 ($ billion)
Exhibits18: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Type - Market share 2023-2028 (%)
Exhibits28: Data Table on Type - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Type
Exhibits30: Data Table on Comparison by Type
Exhibits31: Chart on Private - Market size and forecast 2023-2028 ($ billion)
Exhibits32: Data Table on Private - Market size and forecast 2023-2028 ($ billion)
Exhibits33: Chart on Private - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Private - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Public - Market size and forecast 2023-2028 ($ billion)
Exhibits36: Data Table on Public - Market size and forecast 2023-2028 ($ billion)
Exhibits37: Chart on Public - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Public - Year-over-year growth 2023-2028 (%)
Exhibits39: Market opportunity by Type ($ billion)
Exhibits40: Data Table on Market opportunity by Type ($ billion)
Exhibits41: Chart on End-user - Market share 2023-2028 (%)
Exhibits42: Data Table on End-user - Market share 2023-2028 (%)
Exhibits43: Chart on Comparison by End-user
Exhibits44: Data Table on Comparison by End-user
Exhibits45: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits46: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits47: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits48: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits49: Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits50: Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits51: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits52: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits53: Chart on Civil works - Market size and forecast 2023-2028 ($ billion)
Exhibits54: Data Table on Civil works - Market size and forecast 2023-2028 ($ billion)
Exhibits55: Chart on Civil works - Year-over-year growth 2023-2028 (%)
Exhibits56: Data Table on Civil works - Year-over-year growth 2023-2028 (%)
Exhibits57: Market opportunity by End-user ($ billion)
Exhibits58: Data Table on Market opportunity by End-user ($ billion)
Exhibits59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits60: Impact of drivers and challenges in 2023 and 2028
Exhibits61: Overview on criticality of inputs and factors of differentiation
Exhibits62: Overview on factors of disruption
Exhibits63: Impact of key risks on business
Exhibits64: Companies covered
Exhibits65: Matrix on companies position and classification
Exhibits66: Bumwood Co. Ltd. - Overview
Exhibits67: Bumwood Co. Ltd. - Product / Service
Exhibits68: Bumwood Co. Ltd. - Key offerings
Exhibits69: Daewoo E and C - Overview
Exhibits70: Daewoo E and C - Product / Service
Exhibits71: Daewoo E and C - Key offerings
Exhibits72: DL Group - Overview
Exhibits73: DL Group - Product / Service
Exhibits74: DL Group - Key offerings
Exhibits75: DPR Construction - Overview
Exhibits76: DPR Construction - Product / Service
Exhibits77: DPR Construction - Key offerings
Exhibits78: GS E and C Corp. - Overview
Exhibits79: GS E and C Corp. - Business segments
Exhibits80: GS E and C Corp. - Key offerings
Exhibits81: GS E and C Corp. - Segment focus
Exhibits82: Hanwha Corp. - Overview
Exhibits83: Hanwha Corp. - Product / Service
Exhibits84: Hanwha Corp. - Key news
Exhibits85: Hanwha Corp. - Key offerings
Exhibits86: HDC Hyundai Development Co. - Overview
Exhibits87: HDC Hyundai Development Co. - Product / Service
Exhibits88: HDC Hyundai Development Co. - Key offerings
Exhibits89: HL D and I Halla - Overview
Exhibits90: HL D and I Halla - Product / Service
Exhibits91: HL D and I Halla - Key offerings
Exhibits92: LOTTE Engineering and Construction Co. Ltd. - Overview
Exhibits93: LOTTE Engineering and Construction Co. Ltd. - Product / Service
Exhibits94: LOTTE Engineering and Construction Co. Ltd. - Key offerings
Exhibits95: MUNYOUNG Corp. - Overview
Exhibits96: MUNYOUNG Corp. - Product / Service
Exhibits97: MUNYOUNG Corp. - Key offerings
Exhibits98: Namkwang Construction Co. Ltd. - Overview
Exhibits99: Namkwang Construction Co. Ltd. - Product / Service
Exhibits100: Namkwang Construction Co. Ltd. - Key offerings
Exhibits101: POSCO Holdings Inc. - Overview
Exhibits102: POSCO Holdings Inc. - Business segments
Exhibits103: POSCO Holdings Inc. - Key news
Exhibits104: POSCO Holdings Inc. - Key offerings
Exhibits105: POSCO Holdings Inc. - Segment focus
Exhibits106: Samsung Electronics Co. Ltd. - Overview
Exhibits107: Samsung Electronics Co. Ltd. - Business segments
Exhibits108: Samsung Electronics Co. Ltd. - Key news
Exhibits109: Samsung Electronics Co. Ltd. - Key offerings
Exhibits110: Samsung Electronics Co. Ltd. - Segment focus
Exhibits111: SGC eTEC E and C - Overview
Exhibits112: SGC eTEC E and C - Product / Service
Exhibits113: SGC eTEC E and C - Key offerings
Exhibits114: SK ecoplant CO. LTD. - Overview
Exhibits115: SK ecoplant CO. LTD. - Product / Service
Exhibits116: SK ecoplant CO. LTD. - Key offerings
Exhibits117: Inclusions checklist
Exhibits118: Exclusions checklist
Exhibits119: Currency conversion rates for US$
Exhibits120: Research methodology
Exhibits121: Information sources
Exhibits122: Data validation
Exhibits123: Validation techniques employed for market sizing
Exhibits124: Data synthesis
Exhibits125: 360 degree market analysis
Exhibits126: List of abbreviations

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