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South Korea Construction Market Size, Trends and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

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    Report

  • 50 Pages
  • May 2022
  • Region: South Korea
  • GlobalData
  • ID: 5591582
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The publisher expects South Korea’s construction industry to expand by 2% in real terms in 2022, and record an annual average growth rate of 4% over the remainder of the forecast period (2023-26), supported by the government’s focus on improving regional connectivity through the development of the country’s rail and road transport infrastructure, coupled with efforts to boost energy and manufacturing production.

Over the forecast period, the energy and utilities construction sector will be supported by the Ministry of Trade, Industry and Energy’s (MOTIE) 9th Basic Plan for Long-Term Electricity Demand and Supply, under which it plans to increase the share of non-hydro renewable energy in the overall power mix to 35% by 2030, with a primary focus on offshore wind development.

The residential construction sector will be supported by the government plans to build approximately 830,000 houses by 2025, with 323,000 new houses being built in Seoul and 293,000 in nearby Gyeonggi Province and Incheon. In addition to this, the construction of 500,000 housing units by 2030, as announced by the Government of Seoul in September 2021, will further support the sector’s growth.

The report provides detailed market analysis, information and insights into the South Korean construction industry, including:
  • 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

Scope


This report provides a comprehensive analysis of the construction industry in South Korea. It provides:
  • Historical (2017-2021) and forecast (2022-2026) 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 publisher'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 publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

1 Executive Summary2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
  • Outlook
  • Latest news and developments
  • Construction Projects Momentum Index
4.2 Commercial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.3 Industrial Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.4 Infrastructure Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.5 Energy and Utilities Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.6 Institutional Construction
  • Outlook
  • Project analytics
  • Latest news and developments
4.7 Residential Construction
  • Outlook
  • Project analytics
  • Latest news and developments

5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 Publisher Construction
  • Contact the Publisher

List of Tables
Table 1: Construction Industry Key Data
Table 2: South Korea, Key Economic Indicators
Table 3: South Korea, Commercial Construction Output by Project Type (Real % Change), 2017-26
Table 4: South Korea, Top Commercial Construction Projects by Value
Table 5: South Korea, Industrial Construction Output by Project Type (Real % Change), 2017-26
Table 6: South Korea, Top Industrial Construction Projects by Value
Table 7: South Korea, Infrastructure Construction Output by Project Type (Real % Change), 2017-26
Table 8: South Korea, Top Infrastructure Construction Projects by Value
Table 9: South Korea, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26
Table 10: South Korea, Top Energy and Utilities Construction Projects by Value
Table 11: South Korea, Institutional Construction Output by Project Type (Real % Change), 2017-26
Table 12: South Korea, Top Institutional Construction Projects by Value
Table 13: South Korea, Residential Construction Output by Project Type (Real % Change), 2017-26
Table 14: South Korea, Top Residential Construction Projects by Value
Table 15: South Korea, Key Contractors
Table 16: South Korea, Key Consultants
Table 17: South Korea, Construction Output Value (Real, $ Million)
Table 18: South Korea, Construction Output Value (Nominal, KRW Billion)
Table 19: Publisher Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: North-East Asia, Construction Output (Real % Change), 2020-26
Figure 2: South Korea, Construction Output by Sector (Real % Change), 2020-22 and 2023-26
Figure 3: South Korea, COVID-19 Confirmed Cases
Figure 4: South Korea, Risk Summary
Figure 5: South Korea, Risk Regional Comparison
Figure 6: South Korea, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26
Figure 7: South Korea, Construction Output Value, by Sector (Real, $ Million), 2017-26
Figure 8: South Korea, Construction Value Add (KRW Trillion, 2015 Chained Prices, Unadjusted)
Figure 9: South Korea, Construction Production Index (2015=100)
Figure 10: South Korea, Total Value of Construction Completed (KRW Trillion, Constant Prices, % Change YoY)
Figure 11: South Korea, Total Value of Construction Orders Received, % Change YoY
Figure 12: South Korea, Total Number of Building Construction Permits
Figure 13: South Korea, Construction Projects Momentum Index
Figure 14: North-East Asia, Construction Projects Momentum Index
Figure 15: South Korea, Commercial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 16: South Korea, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: South Korea, Commercial Construction Permits (Total Number)
Figure 18: South Korea, Visitor Arrivals (In Thousands)
Figure 19: South Korea, Retail Sales - Value and Volume Index, (2015=100)
Figure 20: South Korea, Industrial Construction Output by Project Type (Real, $ Million), 2017-26
Figure 21: South Korea, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: South Korea, Industrial Construction Permits (Total Number)
Figure 23: South Korea, Manufacturing Value Add (KRW Trillion, 2015 Chained Prices, Unadjusted)
Figure 24: South Korea, Industrial Production Index (2015=100)
Figure 25: South Korea, Total Exports (in $ Billion)
Figure 26: South Korea, Total Value of Construction Contracts Received for Industrial Plants, (KRW Trillion)
Figure 27: South Korea, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26
Figure 28: South Korea, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: South Korea, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26
Figure 30: South Korea, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: South Korea, Institutional Construction Output by Project Type (Real, $ Million), 2017-26
Figure 32: South Korea, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: South Korea, Construction Permits for Educational and Social Use (Total Number)
Figure 34: South Korea, Education Value Add (KRW Trillion, 2015 Chained Prices, Unadjusted)
Figure 35: South Korea, Human health and social work activities Value Add (KRW Trillion, 2015 Chained Prices, Unadjusted)
Figure 36: South Korea, Residential Construction Output by Project Type (Real, $ Million), 2017-26
Figure 37: South Korea, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 38: South Korea, Real estate Value Add (KRW Trillion, 2015 Chained Prices, Unadjusted)
Figure 39: South Korea, Residential Construction Permits (Total Number)
Figure 40: South Korea, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 41: South Korea, Headquarters of Key Consultants (% of Total Project Pipeline)