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The South Korea construction market size is forecast to increase by USD 48.1 billion at a CAGR of 4.37% between 2023 and 2028. In South Korea, the construction market is experiencing significant growth, driven by various factors. One key trend is the increasing demand for residential construction, with a focus on both single-family housing and multi-family apartments. This demand is being fueled by population growth and urbanization. Another significant trend is the government's increased investment in real estate infrastructure, particularly in rail and road projects. Additionally, the electricity and power sector is undergoing expansion to meet the growing energy needs of the economy. The construction industry, however, faces challenges, including a shortage of skilled labor and rising material costs. In the oil and gas sector, there is a growing emphasis on renewable energy sources, which is expected to impact the traditional energy construction market. Overall, the South Korean construction market is poised for continued growth, driven by these trends and challenges.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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