South Korea Construction Market Summary, Competitive Analysis and Forecast to 2027
Summary
Construction in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
The South Korean construction industry had total revenues of $215.7 billion in 2022, representing a negative compound annual growth rate (CAGR) of 1.2% between 2017 and 2022.
The non-residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $130.5 billion, equivalent to 60.5% of the industry's overall value.
The slow growth in 2022, can be attributed to macroeconomic factors including labor shortage and rising material costs, due to rising inflation in South Korea, which greatly impacted the industry growth.
Scope
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in South Korea
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in South Korea
Leading company profiles reveal details of key construction market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the South Korea construction market with five year forecasts
Reasons to Buy
What was the size of the South Korea construction market by value in 2022?
What will be the size of the South Korea construction market in 2027?
What factors are affecting the strength of competition in the South Korea construction market?
How has the market performed over the last five years?
What are the main segments that make up South Korea's construction market?
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the key players in this sector?
7.2. What strategies do leading players follow?
7.3. What is the strength of the leading players?
7.4. What have been the most significant mergers/acquisitions and partnerships over the past few years?
8 Company Profiles
8.1. Samsung C&T Corp
8.2. Hyundai Engineering & Construction Co Ltd
8.3. Daewoo Engineering & Construction Co Ltd
8.4. DL E&C Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Korea construction industry value: $ million, 2017–22
Table 2: South Korea construction industry category segmentation: % share, by value, 2017–2022
Table 3: South Korea construction industry category segmentation: $ million, 2017-2022
Table 4: South Korea construction industry geography segmentation: $ million, 2022
Table 5: South Korea construction industry value forecast: $ million, 2022–27