1. Market Research
  2. > Construction Market Trends
  3. > Construction in South Africa - Key Trends and Opportunities to 2020

Construction in South Africa - Key Trends and Opportunities to 2020

  • February 2016
  • -
  • Timetric
  • -
  • 79 pages

Summary

Table of Contents

Search Inside

Synopsis
South Africa’s construction industry will continue to expand over the forecast period (2016–2020), with investments in infrastructure, residential and energy projects continuing to drive growth.

The industry’s growth over the forecast period will be driven by investment in infrastructure construction projects under the National Transport Master Plan, through which the government aims to develop the country’s rail network and ports infrastructure by 2050.

Investment in social housing projects will also support the industry’s growth. The government aims to construct 1.5 million houses by 2019 to address the country’s housing deficit.

The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.62% over the forecast period, up from 2.33% during the review period (2011–2015).

There are certain risks associated with South Africa’s construction industry outlook, most notably, labor union strikes, a power crisis, high youth unemployment and a weak currency.

Summary
Timetric’s Construction in South Africa – Key Trends and Opportunities to 2020 report provides detailed market analysis, information and insights into the South African construction industry including:

• South African construction industry's growth prospects by market, project type and construction activity

• Analysis of equipment, material and service costs for each project type in South Africa

• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the South African construction industry

• Profiles of the leading operators in the South African construction industry

• Data highlights of the largest construction projects in South Africa

Scope
This report provides a comprehensive analysis of the construction industry in South Africa. It provides:

• Historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in South Africa using construction output and value-add methods

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type

• Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

• Analysis of key construction industry issues, including regulation, cost management, funding and pricing

• Detailed profiles of the leading construction companies in South Africa

Reasons To Buy
• Identify and evaluate market opportunities using Timetric's standardized valuation and forecasting methodologies.

• Assess market growth potential at a micro-level with over 600 time-series data forecasts.

• Understand the latest industry and market trends.

• Formulate and validate strategy using Timetric's critical and actionable insight.

• Assess business risks, including cost, regulatory and competitive pressures.

• Evaluate competitive risk and success factors.

Key Highlights
• With robust and modern infrastructure vital to economic growth and competitiveness, the South African government is focusing on infrastructure development. Accordingly, to improve the country’s transport, water and energy infrastructure, the government announced plans in its 2015 budget to spend ZAR813.1 billion (US$67.3 billion) on infrastructure over the next three years.

• To cope with an expected rise in passenger, cargo and air traffic, and to maintain the high quality of transport infrastructure, the government is focused on the expansion and modernization of airport infrastructure. Accordingly, Msunduzi municipality is expanding Pietermaritzburg Airport. The project involves expansion of the taxiway to the aircraft apron, a terminal building, a new parking area and drop-off zone, roads and other related infrastructure.

• The South African construction industry’s growth will be driven by a government plan to increase the share of renewable energy in terms of total energy consumption, encouraging investment in renewable energy infrastructure. The government aims to increase the share of renewable energy in total energy production from 12% in 2015 to 21% by 2030.

• Government efforts to balance supply and demand for affordable housing are expected to support growth in the residential construction market over the forecast period. The government and several construction companies are focusing on developing affordable housing projects in South Africa. Accordingly, in a bid to provide affordable housing to meet demand from lower- and middle-income groups, the government and human settlements stakeholders announced a plan to construct 1.5 million houses by 2019 as part of the Human Settlements Vision 2030.

• The government is focusing on the education sector to improve the country’s dilapidated school infrastructure. Accordingly, South Africa is planning to invest ZAR8.3 billion (US$767.8 million) in educational building construction by 2023 to replace all mud schools with permanent brick buildings; South Africa will replace 510 mud-school buildings across the country by 2023. Efforts such as these will drive the educational building category’s forecast-period growth.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
Get This Report
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Plasterboard Market by Type, Form, End-Use Sector, and Region - Global Forecast to 2021

Plasterboard Market by Type, Form, End-Use Sector, and Region - Global Forecast to 2021

  • $ 7150
  • Industry report
  • January 2017
  • by MarketsandMarkets

“Plasterboard market projected to grow at a CAGR of 5.7%” The plasterboard market size is projected to grow at a CAGR of 5.7% during the forecast period of 2016–2021 and reach USD 23.85 billion ...

Analysis of Key Sectors of Colombia: Agriculture, Healthcare, Construction, Mining, Manufacturing and Transportation Markets (2017 - 2022)

Analysis of Key Sectors of Colombia: Agriculture, Healthcare, Construction, Mining, Manufacturing and Transportation Markets (2017 - 2022)

  • $ 6000
  • Industry report
  • January 2017
  • by Mordor Intelligence LLP

Colombia is the 4th largest economy in Latin America after Brazil, Mexico and Argentina. Population wise Colombia is 3rd largest in Latin America accounts to 47.66 million inhabitants in 2015. It is the ...

Concrete Cooling Market by Type, Application and Region - Global Forecast to 2026

Concrete Cooling Market by Type, Application and Region - Global Forecast to 2026

  • $ 5650
  • Industry report
  • January 2017
  • by MarketsandMarkets

“The global concrete cooling market is projected to grow at a CAGR of 5.7% from 2016 to 2026” The global concrete cooling market was valued at USD 936.0 million in 2015 and is projected to reach USD ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.