Albany, NY -- (SBWire) -- 07/31/2013 --This report provides detailed market analysis, information and insights into the South Korean construction market, including:
- The South Korean construction market’s growth prospects by sector, project type and type of construction activity
- Analysis of equipment, material and service costs across each project type within South Korea
- Critical insight into the impact of industry trends and issues and the risks and opportunities they present to participants in the South Korean construction market
- Assessment of the competitive forces facing the construction industry in South Korea and profiles of the leading players
- Data highlights of the largest construction projects in South Korea
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Executive summary
The South Korean construction industry recorded a review-period (2008?2012) CAGR of 1.58%. The housing market deflated in 2008 as interest rates began to rise and banks tightened their lending conditions. This was a key reason for a decline in domestic demand, and contributed to the country’s economic deceleration from an average of 5.2% during 2000?2007 to 2.3% in 2008, and just 0.3% in 2009. Infrastructure investments will support the construction industry, which is struggling due to poor property sales and tightening credit conditions. Investments related to the 2018 Winter Olympic Games are also expected to drive industry growth. Timetric expects the South Korean construction industry to record a forecast-period (2012?2017) CAGR of 3.07%.
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Scope
This report provides a comprehensive analysis of the construction industry in South Korea:
- Historical (2008-2012) and forecast (2013-2017) valuations of the construction market in South Korea using the construction output and value-add methods
- Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
- Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
- Analysis of key construction industry issues, including regulation, cost management, funding and pricing
- Assessment of the competitive environment using Porter’s Five Forces
- Detailed profiles of the leading construction companies in South Korea
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