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Construction Market in South Korea 2024-2028

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    Report

  • 130 Pages
  • July 2024
  • Region: South Korea
  • TechNavio
  • ID: 5550395
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The construction market in South Korea is forecasted to grow by USD 48.1 billion 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.

The 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
A robust vendor analysis within the report 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 report 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.

Table of Contents

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
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on South Korea - Market size and forecast 2023-2028 ($ billion)
Exhibits 14: Data Table on South Korea - Market size and forecast 2023-2028 ($ billion)
Exhibits 15: Chart on South Korea: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on South Korea: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Construction Market in South Korea 2018 - 2022 ($ billion)
Exhibits 18: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
Exhibits 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Type - Market share 2023-2028 (%)
Exhibits 28: Data Table on Type - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Type
Exhibits 30: Data Table on Comparison by Type
Exhibits 31: Chart on Private - Market size and forecast 2023-2028 ($ billion)
Exhibits 32: Data Table on Private - Market size and forecast 2023-2028 ($ billion)
Exhibits 33: Chart on Private - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Private - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Public - Market size and forecast 2023-2028 ($ billion)
Exhibits 36: Data Table on Public - Market size and forecast 2023-2028 ($ billion)
Exhibits 37: Chart on Public - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Public - Year-over-year growth 2023-2028 (%)
Exhibits 39: Market opportunity by Type ($ billion)
Exhibits 40: Data Table on Market opportunity by Type ($ billion)
Exhibits 41: Chart on End-user - Market share 2023-2028 (%)
Exhibits 42: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 43: Chart on Comparison by End-user
Exhibits 44: Data Table on Comparison by End-user
Exhibits 45: Chart on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 46: Data Table on Residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 47: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 48: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 49: Chart on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 50: Data Table on Non-residential - Market size and forecast 2023-2028 ($ billion)
Exhibits 51: Chart on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Non-residential - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Civil works - Market size and forecast 2023-2028 ($ billion)
Exhibits 54: Data Table on Civil works - Market size and forecast 2023-2028 ($ billion)
Exhibits 55: Chart on Civil works - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Civil works - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by End-user ($ billion)
Exhibits 58: Data Table on Market opportunity by End-user ($ billion)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Matrix on companies position and classification
Exhibits 66: Bumwood Co. Ltd. - Overview
Exhibits 67: Bumwood Co. Ltd. - Product / Service
Exhibits 68: Bumwood Co. Ltd. - Key offerings
Exhibits 69: Daewoo E and C - Overview
Exhibits 70: Daewoo E and C - Product / Service
Exhibits 71: Daewoo E and C - Key offerings
Exhibits 72: DL Group - Overview
Exhibits 73: DL Group - Product / Service
Exhibits 74: DL Group - Key offerings
Exhibits 75: DPR Construction - Overview
Exhibits 76: DPR Construction - Product / Service
Exhibits 77: DPR Construction - Key offerings
Exhibits 78: GS E and C Corp. - Overview
Exhibits 79: GS E and C Corp. - Business segments
Exhibits 80: GS E and C Corp. - Key offerings
Exhibits 81: GS E and C Corp. - Segment focus
Exhibits 82: Hanwha Corp. - Overview
Exhibits 83: Hanwha Corp. - Product / Service
Exhibits 84: Hanwha Corp. - Key news
Exhibits 85: Hanwha Corp. - Key offerings
Exhibits 86: HDC Hyundai Development Co. - Overview
Exhibits 87: HDC Hyundai Development Co. - Product / Service
Exhibits 88: HDC Hyundai Development Co. - Key offerings
Exhibits 89: HL D and I Halla - Overview
Exhibits 90: HL D and I Halla - Product / Service
Exhibits 91: HL D and I Halla - Key offerings
Exhibits 92: LOTTE Engineering and Construction Co. Ltd. - Overview
Exhibits 93: LOTTE Engineering and Construction Co. Ltd. - Product / Service
Exhibits 94: LOTTE Engineering and Construction Co. Ltd. - Key offerings
Exhibits 95: MUNYOUNG Corp. - Overview
Exhibits 96: MUNYOUNG Corp. - Product / Service
Exhibits 97: MUNYOUNG Corp. - Key offerings
Exhibits 98: Namkwang Construction Co. Ltd. - Overview
Exhibits 99: Namkwang Construction Co. Ltd. - Product / Service
Exhibits 100: Namkwang Construction Co. Ltd. - Key offerings
Exhibits 101: POSCO Holdings Inc. - Overview
Exhibits 102: POSCO Holdings Inc. - Business segments
Exhibits 103: POSCO Holdings Inc. - Key news
Exhibits 104: POSCO Holdings Inc. - Key offerings
Exhibits 105: POSCO Holdings Inc. - Segment focus
Exhibits 106: Samsung Electronics Co. Ltd. - Overview
Exhibits 107: Samsung Electronics Co. Ltd. - Business segments
Exhibits 108: Samsung Electronics Co. Ltd. - Key news
Exhibits 109: Samsung Electronics Co. Ltd. - Key offerings
Exhibits 110: Samsung Electronics Co. Ltd. - Segment focus
Exhibits 111: SGC eTEC E and C - Overview
Exhibits 112: SGC eTEC E and C - Product / Service
Exhibits 113: SGC eTEC E and C - Key offerings
Exhibits 114: SK ecoplant CO. LTD. - Overview
Exhibits 115: SK ecoplant CO. LTD. - Product / Service
Exhibits 116: SK ecoplant CO. LTD. - Key offerings
Exhibits 117: Inclusions checklist
Exhibits 118: Exclusions checklist
Exhibits 119: Currency conversion rates for US$
Exhibits 120: Research methodology
Exhibits 121: Information sources
Exhibits 122: Data validation
Exhibits 123: Validation techniques employed for market sizing
Exhibits 124: Data synthesis
Exhibits 125: 360 degree market analysis
Exhibits 126: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the construction market in South Korea: 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..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increase in public infrastructure spending by government."

According to the report, one of the major drivers for this market is the growing demand for modular houses.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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
  • SK ecoplant CO. LTD.