South Korea Civil Engineering Market Size, Share, and COVID-19 Impact Analysis, By Service Type (Planning and Design, Construction, Maintenance, and Others), By Application (Real Estate, Infrastructure, and Industrial), and South Korea Civil Engineering Market Insights, Industry Trend, Forecasts to 2035

South Korea Civil Engineering Market Insights Forecasts to 2035

• The South Korea Civil Engineering Market Size is Expected to Grow at a CAGR of around 5.30% from 2024 to 2035 
• The South Korea Civil Engineering Market Size is Expected to reach a significant share by 2035.  

According to a research report published by Spherical Insights and Consulting, The South Korea Civil Engineering Market Size is expected to grow 5.30% CAGR from 2024 to 2035, is expected to reach a significant share by 2035. Some of the major factors propelling the market include the development of renewable energy sources like solar and wind power, the integration of advanced technologies in civil engineering projects, and the growing investment in large-scale infrastructure projects like highways, railroads, bridges, and ports.

Market Overview

The South Korea civil engineering market encompasses the planning, designing, building, and maintaining of infrastructure projects that meet both public and private needs and support the country's economic growth and social well-being are all included in the South Korean civil engineering market. This industry is essential to forming urban environments, improving connectivity, and promoting sustainable development. Additionally, the development of South Korea's energy, water, and transportation infrastructure is a top priority. The market for civil engineering is significantly influenced by government spending on major infrastructure projects, including ports, bridges, railroads, and highways. The South Korean government has also launched a number of programs and regulations to boost the infrastructure and building industries. Public-private partnerships (PPPs), investments in smart city initiatives, and incentives for the development of green and sustainable infrastructure are some examples of these initiatives. In addition, the nation is renowned for its inventiveness and technological breakthroughs. Incorporating cutting-edge technologies, like Building Information Modeling (BIM), into civil engineering projects is increasing infrastructure quality, cutting costs, and increasing project efficiency.

Report Coverage

This research report categorizes the market for the South Korea civil engineering market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea civil engineering market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea civil engineering market.  

Driving Factors

South Korea is making significant investments to develop its transportation networks, which include airports, subway systems, and high-speed rail. These expenditures are intended to boost both international trade and domestic connectivity. Additionally, civil engineering skills are needed for the construction of energy facilities and related infrastructure in order to develop renewable energy sources like solar and wind power. As a consequence, South Korea's dedication to renewable energy serves as a catalyst for civil engineering initiatives in this field. Additionally, South Korean engineering companies frequently work on major projects with foreign partners, which boosts the civil engineering industry's expansion and increases chances for knowledge sharing.

Restraining Factors

The construction sector faces complex and often inconsistent regulations across different jurisdictions. Project timelines and costs may increase as a result of the time-consuming and potentially delayed process of obtaining the required permits and approvals. These legal restrictions have the potential to discourage investment and delay the timely completion of infrastructure projects.

Market Segmentation

The South Korea Civil Engineering Market share is classified into service type and application.

• The construction segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea civil engineering market is segmented by service type into planning and design, construction, maintenance, and others. Among these, the construction segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its dominance is a result of ongoing urban development projects and infrastructure projects, such as ports, bridges, railroads, and highways.

• The infrastructure segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea civil engineering market is segmented by application into real estate, infrastructure, and industrial. Among these, the infrastructure segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Government spending on roads, trains, bridges, and ports, as well as smart city initiatives and advancements in renewable energy, are the main drivers of this dominance.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea civil engineering market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Hyundai Engineering & Construction
• GS Engineering & Construction
• Daewoo Construction
• Samsung C&T Corporation
• SGC eTEC E&C
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Civil Engineering Market based on the below-mentioned segments:

South Korea Civil Engineering Market, By Type

• Planning and Design
• Construction
• Maintenance
• Others

South Korea Civil Engineering Market, By Application

• Real Estate
• Infrastructure
• Industrial