BMI View: Declines in the residential construction market will persist over the next few quarters as the
country continues to face economic headwinds from the slowdown in its main trade partners. High levels of
household debt will further cap demand for residential pr ..."
The South Korean construction industry's forecast-period (2016-2020) outlook is better than its review-period (2011-2015) performance, with average annual growth in real terms set to accelerate from 0.93% during the review period to 2.41% over ..."
BMI View: We maintain our growth forecast for South Korea's construction sector, noting the
infrastructure sector, with the energy and utilities sub-sector in particular, will provide limited support to
growth. However, this will be insufficient to offset the declines ..."
BMI View: We have downgraded our growth forecast for South Korea's construction sector on the back of
new mortgage rules from early 2016, which will dampen the residential construction market from 2016
onwards. With a struggling non-residential building sector, it is ..."
BMI View: We downgraded our growth forecast for South Korea's construction sector on the back of a
weaker export outlook weighing on non-residential construction. The residential building segment remains
a bright spot, supported by favourable credit conditions and hou ..."
Elevators and escalators are positioned in buildings for efficient movement of people and goods within a building's premises. They are installed in commercial buildings, residential buildings, mixed-used buildings, IT parks, hotels, restaurants, and retail outlets among others ..."
BMI View: The construction sector is showing some positive signs of recovery with local companies
reporting an increase in new orders, but despite this we do not expect a significant improvement in South
Korea's construction real growth in 2015. This is primarily due ..."
Earthmoving equipment refers to heavy equipment used in the construction industry to move large amounts of earth, dig foundations for buildings, and to landscape areas. The various types of earthmoving equipment include excavators, loaders, and construction tractors. The earth ..."
Excavators are used to excavate, move, and lift materials with the help of a bucket fitted to a boom. These are self-propelled machines that run using crawlers or wheels. They are highly versatile heavy construction machinery and are used for various applications such as below ..."
A construction tractor provides high tractive effort at slow speeds and is used to haul equipment, raw materials, or debris at construction sites. Construction tractors are highly compatible with a wide variety of attachments and can be used to carry out multiple tasks at a co ..."