South Korea Residential Construction Market Summary, Competitive Analysis and Forecast, 2017-2026
Summary
Residential Construction in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 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 residential construction market is defined as the value of work put in place annually for residential buildings. Market value is defined in general as the total output value of construction activity in any given time period, including costs related to construction materials, equipment and services for new construction, refurbishment, repair and maintenance and demolition. All market data and forecasts are represented in nominal terms (i.e. without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2021 annual average exchange rates.
- The South Korean residential construction market had total revenues of $87.8bn in 2021, representing a compound annual growth rate (CAGR) of 2.5% between 2016 and 2021.
- The new construction segment was the market's most lucrative in 2021, with total revenues of $67.5bn, equivalent to 76.8% of the market's overall value.
- South Korea saw strong growth in 2021 which followed two years of decline.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the residential construction market in South Korea
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the residential construction market in South Korea
- Leading company profiles reveal details of key residential construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Korea residential construction market with five year forecasts by both value and volume
- What was the size of the South Korea residential construction market by value in 2021?
- What will be the size of the South Korea residential construction market in 2026?
- What factors are affecting the strength of competition in the South Korea residential construction market?
- How has the market performed over the last five years?
- What are the main segments that make up South Korea's residential 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 were the leading players in 2021?
- 7.2. How is new technology being incorporated into the leading players’ business practices?
- 7.3. Which players were behind the biggest projects in recent years?
- 8 Company Profiles
- 8.1. Daewoo Engineering & Construction Co Ltd
- 8.2. Daelim Industrial Co Ltd
- 8.3. GS Engineering & Construction Corp
- 8.4. Hyundai Development Co
- 8.5. Ssangyong Engineering & Construction 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 residential construction sector value: $ million, 2017-21
- Table 2: South Korea residential construction sector category segmentation: % share, by value, 2017-2021
- Table 3: South Korea residential construction sector category segmentation: $ million, 2017-2021
- Table 4: South Korea residential construction sector geography segmentation: $ million, 2021
- Table 5: South Korea residential construction sector value forecast: $ million, 2021-26
- Table 6: Daewoo Engineering & Construction Co Ltd: key facts
- Table 7: Daewoo Engineering & Construction Co Ltd: Annual Financial Ratios
- Table 8: Daewoo Engineering & Construction Co Ltd: Key Employees
- Table 9: Daelim Industrial Co Ltd: key facts
- Table 10: Daelim Industrial Co Ltd: Annual Financial Ratios
- Table 11: Daelim Industrial Co Ltd: Key Employees
- Table 12: GS Engineering & Construction Corp: key facts
- Table 13: GS Engineering & Construction Corp: Annual Financial Ratios
- Table 14: GS Engineering & Construction Corp: Key Employees
- Table 15: Hyundai Development Co: key facts
- Table 16: Hyundai Development Co: Key Employees
- Table 17: Ssangyong Engineering & Construction Co Ltd: key facts
- Table 18: Ssangyong Engineering & Construction Co Ltd: Key Employees
- Table 19: South Korea size of population (million), 2017-21
- Table 20: South Korea gdp (constant 2005 prices, $ billion), 2017-21
- Table 21: South Korea gdp (current prices, $ billion), 2017-21
- Table 22: South Korea inflation, 2017-21
- Table 23: South Korea consumer price index (absolute), 2017-21
- Table 24: South Korea exchange rate, 2017-21
- List of Figures
- Figure 1: South Korea residential construction sector value: $ million, 2017-21
- Figure 2: South Korea residential construction sector category segmentation: $ million, 2017-2021
- Figure 3: South Korea residential construction sector geography segmentation: % share, by value, 2021
- Figure 4: South Korea residential construction sector value forecast: $ million, 2021-26
- Figure 5: Forces driving competition in the residential construction sector in South Korea, 2021
- Figure 6: Drivers of buyer power in the residential construction sector in South Korea, 2021
- Figure 7: Drivers of supplier power in the residential construction sector in South Korea, 2021
- Figure 8: Factors influencing the likelihood of new entrants in the residential construction sector in South Korea, 2021
- Figure 9: Factors influencing the threat of substitutes in the residential construction sector in South Korea, 2021
- Figure 10: Drivers of degree of rivalry in the residential construction sector in South Korea, 2021
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