Construction 2040 Outlook
Publication Date 2025-08-19
Researchers Cheol-Han Park , Ji-Hye Lee, Kyoung-Youn Na
□ The Korea Institute of Construction Industry (Director Lee Choong-jae) predicted on the 18th that domestic construction orders will expand from 193.3 trillion won in 2025 to 304.7 trillion won in 2040.
- The forecast was derived by comprehensively analyzing economic growth rate, demographic change, and social variables, and compared and analyzed the annual average growth rate (CAGR) for the past (2010-2025) and the future (2025-2040) period for 12 detailed types of industries.
□ The report was planned as part of the "Rebirth Study of the Construction Industry," which seeks long-term visions and re-leap strategies for the construction industry.
- Based on construction orders, the future construction market by 2040 was projected from a mid- to long-term perspective at a time when the fundamental value of the industry and the full-scale transformation of the production system were required. Through this, it was intended to share the necessity of preemptive response to future changes in the social, economic, and technological environment with both construction participants and stakeholders.
□ The Korea Development Institute cited ▲ large-scale national projects ▲ expansion of smart and digital construction ▲ expansion of demand for eco-friendly and carbon-neutral infrastructure as major factors driving future growth in the construction industry.
- This study presents the results of forecasting the order size for all construction projects in the construction industry by construction type (Daegong type and detailed construction type) and period from 2025 to 2040, and along with these forecast results, provides changes in construction orders and major factors.