Construction Market in South Korea 2022-2026

Construction Market in South Korea 2022-2026

Technavio has been monitoring the construction market in South Korea and it is poised to grow by $ 38.84 bn during 2022-2026, decelerating at a CAGR of 4.15% during the forecast period. Our 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, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for modular houses and the ongoing use of digital technologies. In addition, the growing demand for modular houses is anticipated to boost the growth of the market as well.

The construction market in South Korea analysis includes end-user and type segments.

Technavio's construction market in South Korea is segmented as below:

By End-user

• Residential
• Non-residential
• Civil works

By Type

• Private
• Public

This study identifies the increasing awareness of custom-built facilities with minimum budgetsas one of the prime reasons driving the construction market growth in South Korea during the next few years.

Technavio 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. Our report on construction market in South Korea covers the following areas:

• Construction market sizing
• Construction market forecast
• Construction market industry analysis

Technavio's 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 vendors in South Korea that include Daewoo E and C, DL Group, GS E and C Corp, Hanwha Engineering and Construction Corp., Hyundai Development Co., Hyundai Motor Group, KCCEC Engineering and Contracting Co., LOTTE Engineering and Construction Co. Ltd, Posco Engineering and Construction Ltd., and Samsung Electronics 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.

Technavio 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. Technavio's 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.