South Korea Construction Market Size 2025-2029
The south korea construction market size is forecast to increase by USD 61.6 billion at a CAGR of 5.4% between 2024 and 2029.
- The market is experiencing significant growth, driven primarily by the increasing demand for modular houses and the government's commitment to increasing public infrastructure spending. These factors are fueling market expansion, particularly in urban areas where space is at a premium. However, the market faces challenges that could hinder growth. The construction sector in South Korea is grappling with a shortage of skilled labor, which is leading to delays and increased costs for projects. Furthermore, regulatory hurdles and supply chain inconsistencies are also impacting market growth potential.
- To capitalize on the opportunities presented by this market, companies must focus on addressing these challenges through innovative workforce solutions and robust supply chain management strategies. By doing so, they will be well-positioned to succeed in the dynamic and evolving the market.
What will be the size of the South Korea Construction Market during the forecast period?

1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea: Year-over-year growth 2024-2029 (%)
- Data Table on South Korea: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Construction Market in South Korea 2019 - 2023
- Historic Market Size - Data Table on Construction Market in South Korea 2019 - 2023 ($ billion)
- 5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.3 End-user segment analysis 2019 - 2023
- Historic Market Size - End-user Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI on construction market in South Korea
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Private - Market size and forecast 2024-2029
- Chart on Private - Market size and forecast 2024-2029 ($ billion)
- Data Table on Private - Market size and forecast 2024-2029 ($ billion)
- Chart on Private - Year-over-year growth 2024-2029 (%)
- Data Table on Private - Year-over-year growth 2024-2029 (%)
- 8.4 Public - Market size and forecast 2024-2029
- Chart on Public - Market size and forecast 2024-2029 ($ billion)
- Data Table on Public - Market size and forecast 2024-2029 ($ billion)
- Chart on Public - Year-over-year growth 2024-2029 (%)
- Data Table on Public - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by End-user
- 9.1 Market segments
- Chart on End-user - Market share 2024-2029 (%)
- Data Table on End-user - Market share 2024-2029 (%)
- 9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 9.3 Residential - Market size and forecast 2024-2029
- Chart on Residential - Market size and forecast 2024-2029 ($ billion)
- Data Table on Residential - Market size and forecast 2024-2029 ($ billion)
- Chart on Residential - Year-over-year growth 2024-2029 (%)
- Data Table on Residential - Year-over-year growth 2024-2029 (%)
- 9.4 Non-residential - Market size and forecast 2024-2029
- Chart on Non-residential - Market size and forecast 2024-2029 ($ billion)
- Data Table on Non-residential - Market size and forecast 2024-2029 ($ billion)
- Chart on Non-residential - Year-over-year growth 2024-2029 (%)
- Data Table on Non-residential - Year-over-year growth 2024-2029 (%)
- 9.5 Civil works - Market size and forecast 2024-2029
- Chart on Civil works - Market size and forecast 2024-2029 ($ billion)
- Data Table on Civil works - Market size and forecast 2024-2029 ($ billion)
- Chart on Civil works - Year-over-year growth 2024-2029 (%)
- Data Table on Civil works - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.2 Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Bumwood Co. Ltd.
- Bumwood Co. Ltd. - Overview
- Bumwood Co. Ltd. - Product / Service
- Bumwood Co. Ltd. - Key offerings
- SWOT
- 13.5 Daewoo E and C
- Daewoo E and C - Overview
- Daewoo E and C - Product / Service
- Daewoo E and C - Key offerings
- SWOT
- 13.6 DL Group
- DL Group - Overview
- DL Group - Product / Service
- DL Group - Key offerings
- SWOT
- 13.7 DPR Construction
- DPR Construction - Overview
- DPR Construction - Product / Service
- DPR Construction - Key offerings
- SWOT
- 13.8 GS E and C Corp.
- GS E and C Corp. - Overview
- GS E and C Corp. - Business segments
- GS E and C Corp. - Key offerings
- GS E and C Corp. - Segment focus
- SWOT
- 13.9 Hanwha Corp.
- Hanwha Corp. - Overview
- Hanwha Corp. - Product / Service
- Hanwha Corp. - Key news
- Hanwha Corp. - Key offerings
- SWOT
- 13.10 HDC Hyundai Development Co.
- HDC Hyundai Development Co. - Overview
- HDC Hyundai Development Co. - Product / Service
- HDC Hyundai Development Co. - Key offerings
- SWOT
- 13.11 HL D and I Halla
- HL D and I Halla - Overview
- HL D and I Halla - Product / Service
- HL D and I Halla - Key offerings
- SWOT
- 13.12 LOTTE Engineering and Construction Co. Ltd.
- LOTTE Engineering and Construction Co. Ltd. - Overview
- LOTTE Engineering and Construction Co. Ltd. - Product / Service
- LOTTE Engineering and Construction Co. Ltd. - Key offerings
- SWOT
- 13.13 MUNYOUNG Corp.
- MUNYOUNG Corp. - Overview
- MUNYOUNG Corp. - Product / Service
- MUNYOUNG Corp. - Key offerings
- SWOT
- 13.14 Namkwang Construction Co. Ltd.
- Namkwang Construction Co. Ltd. - Overview
- Namkwang Construction Co. Ltd. - Product / Service
- Namkwang Construction Co. Ltd. - Key offerings
- SWOT
- 13.15 POSCO Holdings Inc.
- POSCO Holdings Inc. - Overview
- POSCO Holdings Inc. - Business segments
- POSCO Holdings Inc. - Key news
- POSCO Holdings Inc. - Key offerings
- POSCO Holdings Inc. - Segment focus
- SWOT
- 13.16 Samsung Electronics Co. Ltd.
- Samsung Electronics Co. Ltd. - Overview
- Samsung Electronics Co. Ltd. - Business segments
- Samsung Electronics Co. Ltd. - Key news
- Samsung Electronics Co. Ltd. - Key offerings
- Samsung Electronics Co. Ltd. - Segment focus
- SWOT
- 13.17 SGC eTEC E and C
- SGC eTEC E and C - Overview
- SGC eTEC E and C - Product / Service
- SGC eTEC E and C - Key offerings
- SWOT
- 13.18 SK ecoplant CO. LTD.
- SK ecoplant CO. LTD. - Overview
- SK ecoplant CO. LTD. - Product / Service
- SK ecoplant CO. LTD. - Key offerings
- SWOT
14 Appendix
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape