South Korea Construction Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
• The South Korean construction industry had total revenues of $215.7 billion in 2022, representing a negative compound annual growth rate (CAGR) of 1.2% between 2017 and 2022.
• The non-residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $130.5 billion, equivalent to 60.5% of the industry's overall value.
• The slow growth in 2022, can be attributed to macroeconomic factors including labor shortage and rising material costs, due to rising inflation in South Korea, which greatly impacted the industry growth.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in South Korea
• Leading company profiles reveal details of key construction market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea construction market with five year forecasts

Reasons to Buy

• What was the size of the South Korea construction market by value in 2022?
• What will be the size of the South Korea construction market in 2027?
• What factors are affecting the strength of competition in the South Korea construction market?
• How has the market performed over the last five years?
• What are the main segments that make up South Korea's construction market?