IMARC Group has recently released a new research study titled “South Korea Modular Construction Market Size, Share, Trends and Forecast by Type, Module Type, Material, End Use, and Region, 2025-2033.”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Modular Construction Market Overview
The South Korea modular construction market size reached USD 1,726.68 Million in 2024 and is projected to reach USD 2,651.22 Million by 2033. The market is expected to grow at a CAGR of 4.88% during 2025-2033. Driven by the increasing adoption of off-site, factory-built modules for faster building timelines, improved quality, and reduced waste, the market is also supported by automation, robotics, and government promotion of standardized construction.
Study Assumption Years
- Base Year: 2024
- Historical Year/Period: 2019-2024
- Forecast Year/Period: 2025-2033
South Korea Modular Construction Market Key Takeaways
- Current Market Size: USD 1,726.68 Million in 2024
- CAGR: 4.88%
- Forecast Period: 2025-2033
- Rapid urbanization in densely populated cities is driving demand for quick and affordable housing solutions.
- Advancements in modular construction technologies like automation, robotics, BIM, and digital twins are reshaping the market.
- The South Korean government supports modular construction via policies like the Prefabricated Building Promotion Act and green initiatives.
- Modular construction is increasingly adopted for residential, commercial, and infrastructure projects to enhance efficiency and reduce costs.
- Public-private partnerships facilitate scaling modular solutions for infrastructure, housing, and commercial developments.
Sample Request Link: https://www.imarcgroup.com/south-korea-modular-construction-market/requestsample
