Published on : Oct 23, 2017
Albany, New York, October 23, 2017: The market for commercial construction in South Korea has witnessed good growth in the last few years owing to increased construction activity in the region. Market Research Hub (MRH) has analyzed the South Korea commercial construction market extensively and forecasted market revenue growth estimations for the period starting 2017 to 2021 in a new report titled "Commercial Construction Market in South Korea: Market Size, Growth and Forecast Analytics to 2021." This report is an exhaustive market intelligence on the commercial construction sector in South Korea, and presents a holistic data breakdown pertaining to construction activity in the region. The report on the commercial construction market in South Korea presents a detailed historical market size and revenue analysis for the period 2012 – 2016 along with a comprehensive forecast for the period 2017 to 2021.
South Korea’s construction industry is booming with a multitude of activities. The report breaks down this sector on the basis of different construction activities (new construction, refurbishment and demolition, and repairs and maintenance) and on the basis of the cost types (construction services, construction equipment, and construction materials). The report also provides market values for the different segments in the South Korea commercial construction market pertaining to the construction of commercial outfits such as office premises, shopping malls, hotels and restaurants, and sports facilities such as golf courses, parks, and other athletic grounds. Any kind of residential construction activity used for renting purposes is outside of the scope of this report. The main scope of this report includes outdoor recreation facilities, retail outlets, hospitality constructions, and other commercial buildings.
Market Forecast Assumptions
The report on the South Korea commercial construction market presents a detailed forecast of the market with revenues estimated in KRW Billion and a CAGR estimated for the said period of forecast from 2017 to 2021. According to the report findings, the commercial construction industry in South Korea has grown in the last few years and is anticipated to expand further till the end of the forecast period, primarily owing to an increasing construction activity in the region, especially pertaining to commercial spaces. A rising business ecosystem necessitating the need for elaborate commercial spaces is a primary market revenue growth driver.
The report on the commercial construction market in South Korea begins with an overview of the market followed by market taxonomy (breakdown on the basis of construction activity and cost type). This is followed by a listing of the factors impacting the growth of the market during the forecast period 2017 – 2021. After this, the report dives into the market forecast – beginning with a historical market analysis for the period 2012 to 2016 and an in-depth forecast estimated for the period 2017 – 2021.
Why Should You Invest in This Report?
The report "Commercial Construction Market in South Korea: Market Size, Growth and Forecast Analytics to 2021" gives a bird’s eye view of the overall construction activity in the commercial sector in South Korea and also throws light on the operational environment of this sector. Companies already operating in the South Korea commercial construction market as well as new entrants planning to venture into this very lucrative market will benefit from the deep insights and expert opinions and recommendations provided in this report, which will go a long way in enabling better decision making based on critical facts, data, and pertinent market insights.
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