South Korea Engineering Services Market Size & Outlook
South Korea engineering services market, 2017-2030 (US$M)
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South Korea engineering services market highlights
- The South Korea engineering services market generated a revenue of USD 209,573.9 million in 2023 and is expected to reach USD 339,543.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.1% from 2024 to 2030.
- In terms of segment, consulting was the largest revenue generating engineering services type in 2023.
- Specialized Engineering Services is the most lucrative engineering services type segment registering the fastest growth during the forecast period.
Engineering services market data book summary
| Market revenue in 2023 | USD 209,573.9 million |
| Market revenue in 2030 | USD 339,543.2 million |
| Growth rate | 7.1% (CAGR from 2023 to 2030) |
| Largest segment | Consulting |
| Fastest growing segment | Specialized Engineering Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Design and Development, Consulting, Construction and Project Management, Maintenance and Support, Specialized Engineering Services, Technology Integration |
Other key industry trends
- In terms of revenue, South Korea accounted for 6.4% of the global engineering services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China engineering services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 254,015.8 million by 2030.
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Engineering Services Market Scope
Engineering Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea engineering services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to engineering services market will help companies and investors design strategic landscapes.
Consulting was the largest segment with a revenue share of 21.07% in 2023. Horizon Databook has segmented the South Korea engineering services market based on design and development, consulting, construction and project management, maintenance and support, specialized engineering services, technology integration covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of South Korea engineering services market databook
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Our clientele includes a mix of engineering services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea engineering services market , including forecasts for subscribers. This country databook contains high-level insights into South Korea engineering services market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea engineering services market size, by engineering services type, 2017-2030 (US$M)
South Korea Engineering Services Market Outlook Share, 2023 & 2030 (US$M)
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