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Construction Market in South Korea 2025-2029

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    Report

  • 146 Pages
  • January 2025
  • 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 Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
Chart on South Korea: Year-over-year growth 2024-2029 (%)
Data Table on South Korea: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Construction Market in South Korea 2019 - 2023
Historic Market Size - Data Table on Construction Market in South Korea 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 End-user segment analysis 2019 - 2023
Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI on construction market in South Korea
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Private - Market size and forecast 2024-2029
Chart on Private - Market size and forecast 2024-2029 ($ billion)
Data Table on Private - Market size and forecast 2024-2029 ($ billion)
Chart on Private - Year-over-year growth 2024-2029 (%)
Data Table on Private - Year-over-year growth 2024-2029 (%)
8.4 Public - Market size and forecast 2024-2029
Chart on Public - Market size and forecast 2024-2029 ($ billion)
Data Table on Public - Market size and forecast 2024-2029 ($ billion)
Chart on Public - Year-over-year growth 2024-2029 (%)
Data Table on Public - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by End-user
9.1 Market segments
Chart on End-user - Market share 2024-2029 (%)
Data Table on End-user - Market share 2024-2029 (%)
9.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
9.3 Residential - Market size and forecast 2024-2029
Chart on Residential - Market size and forecast 2024-2029 ($ billion)
Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
Chart on Residential - Year-over-year growth 2024-2029 (%)
Data Table on Residential - Year-over-year growth 2024-2029 (%)
9.4 Non-residential - Market size and forecast 2024-2029
Chart on Non-residential - Market size and forecast 2024-2029 ($ billion)
Data Table on Non-residential - Market size and forecast 2024-2029 ($ billion)
Chart on Non-residential - Year-over-year growth 2024-2029 (%)
Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
9.5 Civil works - Market size and forecast 2024-2029
Chart on Civil works - Market size and forecast 2024-2029 ($ billion)
Data Table on Civil works - Market size and forecast 2024-2029 ($ billion)
Chart on Civil works - Year-over-year growth 2024-2029 (%)
Data Table on Civil works - Year-over-year growth 2024-2029 (%)
9.6 Market opportunity by End-user
Market opportunity by End-user ($ billion)
Data Table on Market opportunity by End-user ($ billion)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Bumwood Co. Ltd.
Bumwood Co. Ltd. - Overview
Bumwood Co. Ltd. - Product / Service
Bumwood Co. Ltd. - Key offerings
SWOT
13.5 Daewoo E and C
Daewoo E and C - Overview
Daewoo E and C - Product / Service
Daewoo E and C - Key offerings
SWOT
13.6 DL Group
DL Group - Overview
DL Group - Product / Service
DL Group - Key offerings
SWOT
13.7 DPR Construction
DPR Construction - Overview
DPR Construction - Product / Service
DPR Construction - Key offerings
SWOT
13.8 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
SWOT
13.9 Hanwha Corp.
Hanwha Corp. - Overview
Hanwha Corp. - Product / Service
Hanwha Corp. - Key news
Hanwha Corp. - Key offerings
SWOT
13.10 HDC Hyundai Development Co.
HDC Hyundai Development Co. - Overview
HDC Hyundai Development Co. - Product / Service
HDC Hyundai Development Co. - Key offerings
SWOT
13.11 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
SWOT
13.12 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
SWOT
13.13 MUNYOUNG Corp.
MUNYOUNG Corp. - Overview
MUNYOUNG Corp. - Product / Service
MUNYOUNG Corp. - Key offerings
SWOT
13.14 Namkwang Construction Co. Ltd.
Namkwang Construction Co. Ltd. - Overview
Namkwang Construction Co. Ltd. - Product / Service
Namkwang Construction Co. Ltd. - Key offerings
SWOT
13.15 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
SWOT
13.16 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
SWOT
13.17 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
SWOT
13.18 SK ecoplant CO. LTD.
SK ecoplant CO. LTD. - Overview
SK ecoplant CO. LTD. - Product / Service
SK ecoplant CO. LTD. - Key offerings
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 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: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2024 and 2029
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value chain analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
Exhibits 18: Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
Exhibits 19: Chart on South Korea: Year-over-year growth 2024-2029 (%)
Exhibits 20: Data Table on South Korea: Year-over-year growth 2024-2029 (%)
Exhibits 21: Historic Market Size - Data Table on Construction Market in South Korea 2019 - 2023 ($ billion)
Exhibits 22: Historic Market Size - Type Segment 2019 - 2023 ($ billion)
Exhibits 23: Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
Exhibits 24: Five forces analysis - Comparison between 2024 and 2029
Exhibits 25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 30: Chart on Market condition - Five forces 2024 and 2029
Exhibits 31: Chart on Type - Market share 2024-2029 (%)
Exhibits 32: Data Table on Type - Market share 2024-2029 (%)
Exhibits 33: Chart on Comparison by Type
Exhibits 34: Data Table on Comparison by Type
Exhibits 35: Chart on Private - Market size and forecast 2024-2029 ($ billion)
Exhibits 36: Data Table on Private - Market size and forecast 2024-2029 ($ billion)
Exhibits 37: Chart on Private - Year-over-year growth 2024-2029 (%)
Exhibits 38: Data Table on Private - Year-over-year growth 2024-2029 (%)
Exhibits 39: Chart on Public - Market size and forecast 2024-2029 ($ billion)
Exhibits 40: Data Table on Public - Market size and forecast 2024-2029 ($ billion)
Exhibits 41: Chart on Public - Year-over-year growth 2024-2029 (%)
Exhibits 42: Data Table on Public - Year-over-year growth 2024-2029 (%)
Exhibits 43: Market opportunity by Type ($ billion)
Exhibits 44: Data Table on Market opportunity by Type ($ billion)
Exhibits 45: Chart on End-user - Market share 2024-2029 (%)
Exhibits 46: Data Table on End-user - Market share 2024-2029 (%)
Exhibits 47: Chart on Comparison by End-user
Exhibits 48: Data Table on Comparison by End-user
Exhibits 49: Chart on Residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 50: Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 51: Chart on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 52: Data Table on Residential - Year-over-year growth 2024-2029 (%)
Exhibits 53: Chart on Non-residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 54: Data Table on Non-residential - Market size and forecast 2024-2029 ($ billion)
Exhibits 55: Chart on Non-residential - Year-over-year growth 2024-2029 (%)
Exhibits 56: Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
Exhibits 57: Chart on Civil works - Market size and forecast 2024-2029 ($ billion)
Exhibits 58: Data Table on Civil works - Market size and forecast 2024-2029 ($ billion)
Exhibits 59: Chart on Civil works - Year-over-year growth 2024-2029 (%)
Exhibits 60: Data Table on Civil works - Year-over-year growth 2024-2029 (%)
Exhibits 61: Market opportunity by End-user ($ billion)
Exhibits 62: Data Table on Market opportunity by End-user ($ billion)
Exhibits 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 64: Impact of drivers and challenges in 2024 and 2029
Exhibits 65: Overview on criticality of inputs and factors of differentiation
Exhibits 66: Overview on factors of disruption
Exhibits 67: Impact of key risks on business
Exhibits 68: Companies covered
Exhibits 69: Company ranking index
Exhibits 70: Matrix on companies position and classification
Exhibits 71: Bumwood Co. Ltd. - Overview
Exhibits 72: Bumwood Co. Ltd. - Product / Service
Exhibits 73: Bumwood Co. Ltd. - Key offerings
Exhibits 74: SWOT
Exhibits 75: Daewoo E and C - Overview
Exhibits 76: Daewoo E and C - Product / Service
Exhibits 77: Daewoo E and C - Key offerings
Exhibits 78: SWOT
Exhibits 79: DL Group - Overview
Exhibits 80: DL Group - Product / Service
Exhibits 81: DL Group - Key offerings
Exhibits 82: SWOT
Exhibits 83: DPR Construction - Overview
Exhibits 84: DPR Construction - Product / Service
Exhibits 85: DPR Construction - Key offerings
Exhibits 86: SWOT
Exhibits 87: GS E and C Corp. - Overview
Exhibits 88: GS E and C Corp. - Business segments
Exhibits 89: GS E and C Corp. - Key offerings
Exhibits 90: GS E and C Corp. - Segment focus
Exhibits 91: SWOT
Exhibits 92: Hanwha Corp. - Overview
Exhibits 93: Hanwha Corp. - Product / Service
Exhibits 94: Hanwha Corp. - Key news
Exhibits 95: Hanwha Corp. - Key offerings
Exhibits 96: SWOT
Exhibits 97: HDC Hyundai Development Co. - Overview
Exhibits 98: HDC Hyundai Development Co. - Product / Service
Exhibits 99: HDC Hyundai Development Co. - Key offerings
Exhibits 100: SWOT
Exhibits 101: HL D and I Halla - Overview
Exhibits 102: HL D and I Halla - Product / Service
Exhibits 103: HL D and I Halla - Key offerings
Exhibits 104: SWOT
Exhibits 105: LOTTE Engineering and Construction Co. Ltd. - Overview
Exhibits 106: LOTTE Engineering and Construction Co. Ltd. - Product / Service
Exhibits 107: LOTTE Engineering and Construction Co. Ltd. - Key offerings
Exhibits 108: SWOT
Exhibits 109: MUNYOUNG Corp. - Overview
Exhibits 110: MUNYOUNG Corp. - Product / Service
Exhibits 111: MUNYOUNG Corp. - Key offerings
Exhibits 112: SWOT
Exhibits 113: Namkwang Construction Co. Ltd. - Overview
Exhibits 114: Namkwang Construction Co. Ltd. - Product / Service
Exhibits 115: Namkwang Construction Co. Ltd. - Key offerings
Exhibits 116: SWOT
Exhibits 117: POSCO Holdings Inc. - Overview
Exhibits 118: POSCO Holdings Inc. - Business segments
Exhibits 119: POSCO Holdings Inc. - Key news
Exhibits 120: POSCO Holdings Inc. - Key offerings
Exhibits 121: POSCO Holdings Inc. - Segment focus
Exhibits 122: SWOT
Exhibits 123: Samsung Electronics Co. Ltd. - Overview
Exhibits 124: Samsung Electronics Co. Ltd. - Business segments
Exhibits 125: Samsung Electronics Co. Ltd. - Key news
Exhibits 126: Samsung Electronics Co. Ltd. - Key offerings
Exhibits 127: Samsung Electronics Co. Ltd. - Segment focus
Exhibits 128: SWOT
Exhibits 129: SGC eTEC E and C - Overview
Exhibits 130: SGC eTEC E and C - Product / Service
Exhibits 131: SGC eTEC E and C - Key offerings
Exhibits 132: SWOT
Exhibits 133: SK ecoplant CO. LTD. - Overview
Exhibits 134: SK ecoplant CO. LTD. - Product / Service
Exhibits 135: SK ecoplant CO. LTD. - Key offerings
Exhibits 136: SWOT
Exhibits 137: Inclusions checklist
Exhibits 138: Exclusions checklist
Exhibits 139: Currency conversion rates for US$
Exhibits 140: Research methodology
Exhibits 141: Information sources
Exhibits 142: Data validation
Exhibits 143: Validation techniques employed for market sizing
Exhibits 144: Data synthesis
Exhibits 145: 360 degree market analysis
Exhibits 146: 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.