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South Korea Construction Market 2023-2027

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    Report

  • 126 Pages
  • March 2023
  • Region: South Korea
  • TechNavio
  • ID: 5550395
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The construction market in South Korea is forecasted to grow by $ 50.9 bn during 2022-2027, accelerating at a CAGR of 4.79% 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, the adoption of dry construction techniques, and an increase in the 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
This study identifies the increase in public infrastructure spending by the government as one of the prime reasons driving the construction market growth during the next few years. Also, 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 sizing
  • Construction market forecast
  • Construction market industry analysis
The robust vendor analysis 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 vendors that include Bumwood Co. Ltd., Daewoo E and C, DL Group, DPR Construction, GS E and C Corp., Gyeyang Co. Ltd., Hanwha Corp., HL D and I Halla, Hyundai Development Co., LOTTE Engineering and Construction Co. Ltd., MUNYOUNG Corp., Namkwang Construction Co. Ltd., POSCO, 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 publisher 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 accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by Type
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
Exhibit 12: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
Exhibit 13: Chart on South Korea: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on South Korea: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Construction market in South Korea 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on Construction market in South Korea 2017 - 2021 ($ billion)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
4.3 End-user Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - End-user Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 25: Chart on Type - Market share 2022-2027 (%)
Exhibit 26: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 27: Chart on Comparison by Type
Exhibit 28: Data Table on Comparison by Type
6.3 Private - Market size and forecast 2022-2027
Exhibit 29: Chart on Private - Market size and forecast 2022-2027 ($ billion)
Exhibit 30: Data Table on Private - Market size and forecast 2022-2027 ($ billion)
Exhibit 31: Chart on Private - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on Private - Year-over-year growth 2022-2027 (%)
6.4 Public - Market size and forecast 2022-2027
Exhibit 33: Chart on Public - Market size and forecast 2022-2027 ($ billion)
Exhibit 34: Data Table on Public - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Chart on Public - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Public - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 37: Market opportunity by Type ($ billion)
Exhibit 38: Data Table on Market opportunity by Type ($ billion)
7 Market Segmentation by End-user
7.1 Market segments
Exhibit 39: Chart on End-user - Market share 2022-2027 (%)
Exhibit 40: Data Table on End-user - Market share 2022-2027 (%)
7.2 Comparison by End-user
Exhibit 41: Chart on Comparison by End-user
Exhibit 42: Data Table on Comparison by End-user
7.3 Residential - Market size and forecast 2022-2027
Exhibit 43: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 45: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 46: Data Table on Residential - Year-over-year growth 2022-2027 (%)
7.4 Non-residential - Market size and forecast 2022-2027
Exhibit 47: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
7.5 Civil works - Market size and forecast 2022-2027
Exhibit 51: Chart on Civil works - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Civil works - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Civil works - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Civil works - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by End-user
Exhibit 55: Market opportunity by End-user ($ billion)
Exhibit 56: Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 60: Overview on factors of disruption
10.4 Industry risks
Exhibit 61: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 62: Vendors covered
11.2 Market positioning of vendors
Exhibit 63: Matrix on vendor position and classification
11.3 Bumwood Co. Ltd.
Exhibit 64: Bumwood Co. Ltd. - Overview
Exhibit 65: Bumwood Co. Ltd. - Product/Service
Exhibit 66: Bumwood Co. Ltd. - Key offerings
11.4 Daewoo E and C
Exhibit 67: Daewoo E and C - Overview
Exhibit 68: Daewoo E and C - Product/Service
Exhibit 69: Daewoo E and C - Key offerings
11.5 DL Group
Exhibit 70: DL Group - Overview
Exhibit 71: DL Group - Product/Service
Exhibit 72: DL Group - Key offerings
11.6 DPR Construction
Exhibit 73: DPR Construction - Overview
Exhibit 74: DPR Construction - Product/Service
Exhibit 75: DPR Construction - Key offerings
11.7 GS E and C Corp.
Exhibit 76: GS E and C Corp. - Overview
Exhibit 77: GS E and C Corp. - Business segments
Exhibit 78: GS E and C Corp. - Key offerings
Exhibit 79: GS E and C Corp. - Segment focus
11.8 Hanwha Corp.
Exhibit 80: Hanwha Corp. - Overview
Exhibit 81: Hanwha Corp. - Product/Service
Exhibit 82: Hanwha Corp. - Key news
Exhibit 83: Hanwha Corp. - Key offerings
11.9 HL D and I Halla
Exhibit 84: HL D and I Halla - Overview
Exhibit 85: HL D and I Halla - Product/Service
Exhibit 86: HL D and I Halla - Key offerings
11.10 Hyundai Development Co.
Exhibit 87: Hyundai Development Co. - Overview
Exhibit 88: Hyundai Development Co. - Product/Service
Exhibit 89: Hyundai Development Co. - Key offerings
11.11 LOTTE Engineering and Construction Co. Ltd.
Exhibit 90: LOTTE Engineering and Construction Co. Ltd. - Overview
Exhibit 91: LOTTE Engineering and Construction Co. Ltd. - Product/Service
Exhibit 92: LOTTE Engineering and Construction Co. Ltd. - Key offerings
11.12 MUNYOUNG Corp.
Exhibit 93: MUNYOUNG Corp. - Overview
Exhibit 94: MUNYOUNG Corp. - Product/Service
Exhibit 95: MUNYOUNG Corp. - Key offerings
11.13 Namkwang Construction Co. Ltd.
Exhibit 96: Namkwang Construction Co. Ltd. - Overview
Exhibit 97: Namkwang Construction Co. Ltd. - Product/Service
Exhibit 98: Namkwang Construction Co. Ltd. - Key offerings
11.14 POSCO
Exhibit 99: POSCO - Overview
Exhibit 100: POSCO - Business segments
Exhibit 101: POSCO - Key news
Exhibit 102: POSCO - Key offerings
Exhibit 103: POSCO - Segment focus
11.15 Samsung Electronics Co. Ltd.
Exhibit 104: Samsung Electronics Co. Ltd. - Overview
Exhibit 105: Samsung Electronics Co. Ltd. - Business segments
Exhibit 106: Samsung Electronics Co. Ltd. - Key news
Exhibit 107: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 108: Samsung Electronics Co. Ltd. - Segment focus
11.16 SGC eTEC E and C
Exhibit 109: SGC eTEC E and C - Overview
Exhibit 110: SGC eTEC E and C - Product/Service
Exhibit 111: SGC eTEC E and C - Key offerings
11.17 SK ecoplant CO. LTD.
Exhibit 112: SK ecoplant CO. LTD. - Overview
Exhibit 113: SK ecoplant CO. LTD. - Product/Service
Exhibit 114: SK ecoplant CO. LTD. - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 115: Inclusions checklist
Exhibit 116: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 117: Currency conversion rates for US$
12.4 Research methodology
Exhibit 118: Research methodology
Exhibit 119: Validation techniques employed for market sizing
Exhibit 120: Information sources
12.5 List of abbreviations
Exhibit 121: 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 Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on South Korea - Market size and forecast 2022-2027 ($ billion)
Exhibits 12: Data Table on South Korea - Market size and forecast 2022-2027 ($ billion)
Exhibits 13: Chart on South Korea: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on South Korea: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on Construction market in South Korea 2017 - 2021 ($ billion)
Exhibits 16: Historic Market Size - Type Segment 2017 - 2021 ($ billion)
Exhibits 17: Historic Market Size - End-user Segment 2017 - 2021 ($ billion)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on Type - Market share 2022-2027 (%)
Exhibits 26: Data Table on Type - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by Type
Exhibits 28: Data Table on Comparison by Type
Exhibits 29: Chart on Private - Market size and forecast 2022-2027 ($ billion)
Exhibits 30: Data Table on Private - Market size and forecast 2022-2027 ($ billion)
Exhibits 31: Chart on Private - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on Private - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Public - Market size and forecast 2022-2027 ($ billion)
Exhibits 34: Data Table on Public - Market size and forecast 2022-2027 ($ billion)
Exhibits 35: Chart on Public - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Public - Year-over-year growth 2022-2027 (%)
Exhibits 37: Market opportunity by Type ($ billion)
Exhibits 38: Data Table on Market opportunity by Type ($ billion)
Exhibits 39: Chart on End-user - Market share 2022-2027 (%)
Exhibits 40: Data Table on End-user - Market share 2022-2027 (%)
Exhibits 41: Chart on Comparison by End-user
Exhibits 42: Data Table on Comparison by End-user
Exhibits 43: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibits 44: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
Exhibits 45: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibits 46: Data Table on Residential - Year-over-year growth 2022-2027 (%)
Exhibits 47: Chart on Non-residential - Market size and forecast 2022-2027 ($ billion)
Exhibits 48: Data Table on Non-residential - Market size and forecast 2022-2027 ($ billion)
Exhibits 49: Chart on Non-residential - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Non-residential - Year-over-year growth 2022-2027 (%)
Exhibits 51: Chart on Civil works - Market size and forecast 2022-2027 ($ billion)
Exhibits 52: Data Table on Civil works - Market size and forecast 2022-2027 ($ billion)
Exhibits 53: Chart on Civil works - Year-over-year growth 2022-2027 (%)
Exhibits 54: Data Table on Civil works - Year-over-year growth 2022-2027 (%)
Exhibits 55: Market opportunity by End-user ($ billion)
Exhibits 56: Data Table on Market opportunity by End-user ($ billion)
Exhibits 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 58: Impact of drivers and challenges in 2022 and 2027
Exhibits 59: Overview on Criticality of inputs and Factors of differentiation
Exhibits 60: Overview on factors of disruption
Exhibits 61: Impact of key risks on business
Exhibits 62: Vendors covered
Exhibits 63: Matrix on vendor position and classification
Exhibits 64: Bumwood Co. Ltd. - Overview
Exhibits 65: Bumwood Co. Ltd. - Product/Service
Exhibits 66: Bumwood Co. Ltd. - Key offerings
Exhibits 67: Daewoo E and C - Overview
Exhibits 68: Daewoo E and C - Product/Service
Exhibits 69: Daewoo E and C - Key offerings
Exhibits 70: DL Group - Overview
Exhibits 71: DL Group - Product/Service
Exhibits 72: DL Group - Key offerings
Exhibits 73: DPR Construction - Overview
Exhibits 74: DPR Construction - Product/Service
Exhibits 75: DPR Construction - Key offerings
Exhibits 76: GS E and C Corp. - Overview
Exhibits 77: GS E and C Corp. - Business segments
Exhibits 78: GS E and C Corp. - Key offerings
Exhibits 79: GS E and C Corp. - Segment focus
Exhibits 80: Hanwha Corp. - Overview
Exhibits 81: Hanwha Corp. - Product/Service
Exhibits 82: Hanwha Corp. - Key news
Exhibits 83: Hanwha Corp. - Key offerings
Exhibits 84: HL D and I Halla - Overview
Exhibits 85: HL D and I Halla - Product/Service
Exhibits 86: HL D and I Halla - Key offerings
Exhibits 87: Hyundai Development Co. - Overview
Exhibits 88: Hyundai Development Co. - Product/Service
Exhibits 89: Hyundai Development Co. - Key offerings
Exhibits 90: LOTTE Engineering and Construction Co. Ltd. - Overview
Exhibits 91: LOTTE Engineering and Construction Co. Ltd. - Product/Service
Exhibits 92: LOTTE Engineering and Construction Co. Ltd. - Key offerings
Exhibits 93: MUNYOUNG Corp. - Overview
Exhibits 94: MUNYOUNG Corp. - Product/Service
Exhibits 95: MUNYOUNG Corp. - Key offerings
Exhibits 96: Namkwang Construction Co. Ltd. - Overview
Exhibits 97: Namkwang Construction Co. Ltd. - Product/Service
Exhibits 98: Namkwang Construction Co. Ltd. - Key offerings
Exhibits 99: POSCO - Overview
Exhibits 100: POSCO - Business segments
Exhibits 101: POSCO - Key news
Exhibits 102: POSCO - Key offerings
Exhibits 103: POSCO - Segment focus
Exhibits 104: Samsung Electronics Co. Ltd. - Overview
Exhibits 105: Samsung Electronics Co. Ltd. - Business segments
Exhibits 106: Samsung Electronics Co. Ltd. - Key news
Exhibits 107: Samsung Electronics Co. Ltd. - Key offerings
Exhibits 108: Samsung Electronics Co. Ltd. - Segment focus
Exhibits 109: SGC eTEC E and C - Overview
Exhibits 110: SGC eTEC E and C - Product/Service
Exhibits 111: SGC eTEC E and C - Key offerings
Exhibits 112: SK ecoplant CO. LTD. - Overview
Exhibits 113: SK ecoplant CO. LTD. - Product/Service
Exhibits 114: SK ecoplant CO. LTD. - Key offerings
Exhibits 115: Inclusions checklist
Exhibits 116: Exclusions checklist
Exhibits 117: Currency conversion rates for US$
Exhibits 118: Research methodology
Exhibits 119: Validation techniques employed for market sizing
Exhibits 120: Information sources
Exhibits 121: List of abbreviations

Executive Summary

The publisher recognizes the following companies 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., HL D and I Halla, Hyundai Development Co., LOTTE Engineering and Construction Co. Ltd., MUNYOUNG Corp., Namkwang Construction Co. Ltd., POSCO, 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 the 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.
  • HL D and I Halla
  • Hyundai Development Co.
  • LOTTE Engineering and Construction Co. Ltd.
  • MUNYOUNG Corp.
  • Namkwang Construction Co. Ltd.
  • POSCO
  • Samsung Electronics Co. Ltd.
  • SGC eTEC E and C
  • SK ecoplant CO. LTD.

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