The Construction in South Korea - Key Trends and Opportunities to 2028 (Q2 2024) report provides detailed market analysis, information, and insights into the South Korean construction industry, including :
Over the remainder of the forecast period, from 2026 to 2028, the construction industry in South Korea is expected to record an annual average growth of 2.7%, supported by an increase in investment in the semiconductor manufacturing sector, and investment in transport infrastructure and renewable energy projects. The South Korean government announced a support package worth KRW26 trillion ($19.8 billion) in May 2024 to support the development of the semiconductor industry in the country. Further support for construction industry growth will be provided by the government’s plan to increase the share of renewable energy in the power mix from 9.2% in March 2024 to 21.6% in 2030, and install 14.3GW of offshore wind energy by 2030, which is expected to drive investment in the renewable energy sector.
- The South Korean construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the South Korean construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Over the remainder of the forecast period, from 2026 to 2028, the construction industry in South Korea is expected to record an annual average growth of 2.7%, supported by an increase in investment in the semiconductor manufacturing sector, and investment in transport infrastructure and renewable energy projects. The South Korean government announced a support package worth KRW26 trillion ($19.8 billion) in May 2024 to support the development of the semiconductor industry in the country. Further support for construction industry growth will be provided by the government’s plan to increase the share of renewable energy in the power mix from 9.2% in March 2024 to 21.6% in 2030, and install 14.3GW of offshore wind energy by 2030, which is expected to drive investment in the renewable energy sector.
Scope
This report provides a comprehensive analysis of the construction industry in South Korea. It provides :
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in South Korea, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the analyst's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the analyst's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures