South Korea Government Spending Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Government Spending in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The government spending sector is the total amount of public sector expenditure at any sort of level, including central government, local government etc. It is split into the following segments: defense, education, social protection, healthcare, and other.
- The South Korean government spending sector had total expenditure of $528.4 billion in 2021, representing a compound annual growth rate (CAGR) of 11.3% between 2016 and 2021.
- The social protection segment was the sector's most lucrative in 2021, with total expenditure of $105.9 billion, equivalent to 20% of the sector's overall value.
- The closure of businesses and industries under enforced lockdowns to control the spread of coronavirus spurred growth and efforts to revive the economy contributed to impressive growth in the South Korean government spending sector in 2021.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the government spending market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the government spending market in South Korea
- Leading company profiles reveal details of key government spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea government spending market with five year forecasts
- What was the size of the South Korea government spending market by value in 2021?
- What will be the size of the South Korea government spending market in 2026?
- What factors are affecting the strength of competition in the South Korea government spending market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's government spending 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 leading players?
- 7.2. What strategies do leading players follow?
- 7.3. Have there been any major contracts signed recently?
- 8 Company Profiles
- 8.1. GS Engineering & Construction Corp
- 8.2. Hanwha Corp
- 8.3. Korea Aerospace Industries Ltd
- 8.4. Samsung C&T Corp
- 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 government spending sector value: $ billion, 2016-21
- Table 2: South Korea government spending sector category segmentation: % share, by value, 2016-2021
- Table 3: South Korea government spending sector category segmentation: $ billion, 2016-2021
- Table 4: South Korea government spending sector geography segmentation: $ billion, 2021
- Table 5: South Korea government spending sector value forecast: $ billion, 2021-26
- Table 6: GS Engineering & Construction Corp: key facts
- Table 7: GS Engineering & Construction Corp: Annual Financial Ratios
- Table 8: GS Engineering & Construction Corp: Key Employees
- Table 9: Hanwha Corp: key facts
- Table 10: Hanwha Corp: Annual Financial Ratios
- Table 11: Hanwha Corp: Key Employees
- Table 12: Korea Aerospace Industries Ltd: key facts
- Table 13: Korea Aerospace Industries Ltd: Annual Financial Ratios
- Table 14: Korea Aerospace Industries Ltd: Key Employees
- Table 15: Samsung C&T Corp: key facts
- Table 16: Samsung C&T Corp: Annual Financial Ratios
- Table 17: Samsung C&T Corp: Key Employees
- Table 18: South Korea size of population (million), 2017-21
- Table 19: South Korea gdp (constant 2005 prices, $ billion), 2017-21
- Table 20: South Korea gdp (current prices, $ billion), 2017-21
- Table 21: South Korea inflation, 2017-21
- Table 22: South Korea consumer price index (absolute), 2017-21
- Table 23: South Korea exchange rate, 2017-21
- List of Figures
- Figure 1: South Korea government spending sector value: $ billion, 2016-21
- Figure 2: South Korea government spending sector category segmentation: $ billion, 2016-2021
- Figure 3: South Korea government spending sector geography segmentation: % share, by value, 2021
- Figure 4: South Korea government spending sector value forecast: $ billion, 2021-26
- Figure 5: Forces driving competition in the government spending sector in South Korea, 2021
- Figure 6: Drivers of buyer power in the government spending sector in South Korea, 2021
- Figure 7: Drivers of supplier power in the government spending sector in South Korea, 2021
- Figure 8: Factors influencing the likelihood of new entrants in the government spending sector in South Korea, 2021
- Figure 9: Factors influencing the threat of substitutes in the government spending sector in South Korea, 2021
- Figure 10: Drivers of degree of rivalry in the government spending sector in South Korea, 2021
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