DUBLIN–(BUSINESS WIRE)–The “Construction
in South Africa – Key Trends and Opportunities to 2023” report
has been added to ResearchAndMarkets.com’s offering.
This report provides detailed market analysis, information and insights
into the South African construction industry.
-
The South African construction industry’s growth prospects by market,
project type and construction activity -
Critical insight into the impact of industry trends and issues, as
well as an analysis of key risks and opportunities in the South
African construction industry -
Analysis of the mega-project pipeline, focusing on development stages
and participants, in addition to listings of major projects in the
pipeline.
South Africa’s construction industry suffered a downturn during
2017-2018, contracting by 0.6% and 1.2% in real terms in 2017 and 2018
respectively, following an average annual growth of 2.2% during the
preceding three years. The industry’s output value – measured at
constant 2017 US dollar exchange rates – declined from US$39.8 billion
in 2016 to US$39.1 billion in 2018. This decline can be attributed to
economic slowdown, coupled with weak consumer and investor confidence,
which in turn reduced public and private sector investments in
construction projects.
According to Statistics South Africa (Stats SA), the country’s gross
fixed capital formation at 2010 constant prices declined by 1.4% in 2018
compared to 2017; it decreased from ZAR618.5 billion (US$46.4 billion)
in 2017 to ZAR609.6 billion (US$46.0 billion) in 2018. This was preceded
by annual growth of 1% in 2017 and an annual contraction of 3.5% in
2016. The industry’s output value in real terms is expected to rise at a
compound annual growth rate (CAGR) of 1.68% over the forecast period,
compared to 0.30% during the review period. The industry is consequently
expected to rise from a value of US$39.1 billion in 2018 to US$42.5
billion in 2023, measured at constant 2017 US dollar exchange rates.
The government’s efforts to enhance transport, residential and
industrial infrastructure will support the growth of the industry over
the forecast period (2019-2023). The industry’s output is expected to be
supported by improvements in business confidence over the forecast
period, which will drive investment in infrastructure, commercial,
residential projects and energy infrastructure. The total construction
project pipeline in South Africa including all mega projects with a
value above US$25 million – stands at ZAR2.6 trillion (US$194 billion).
The pipeline, which includes all projects from pre-planning to
execution, is skewed towards early-stage projects, with 65.1% of the
pipeline value being in projects in the pre-planning and planning stages
as of April 2019.
Infrastructure construction was the largest market in the South African
construction industry during the review period, accounting for 34.2% of
the industry’s total value in 2018. The market is expected to follow a
similar trend over the forecast period, with infrastructure construction
accounting for 35.3% of the industry’s total value in 2023. Market
output over the forecast period is expected to be supported by the
government’s plan to improve the country’s transport infrastructure.
Residential construction accounted for 31.5% of the industry’s total
output in 2018, followed by energy and utilities construction with
15.4%, commercial construction with 11.5%, industrial construction with
4.5% and institutional construction with 2.9%.
Scope
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This report provides a comprehensive analysis of the construction
industry in South Africa. -
Historical (2014-2018) and forecast (2019-2023) valuations of the
construction industry in South Africa, featuring details of key growth
drivers. -
Segmentation by sector (commercial, industrial, infrastructure, energy
and utilities, institutional and residential) and by sub-sector -
Analysis of the mega-project pipeline, including breakdowns by
development stage across all sectors, and projected spending on
projects in the existing pipeline. -
Listings of major projects, in addition to details of leading
contractors and consultants.
Key Topics Covered
1. Executive Summary
2. Construction Outlook: At-a-Glance
3. Latest News & Indicators
4. Key Drivers & Risks
4.1. Economic Performance
4.2. Political Environment
4.3. Demographics
4.4. Risk Profile
5. Construction Outlook
5.1. All Construction
5.1.1. Outlook
5.1.2. Project Analytics
5.2. Commercial Construction
5.3. Industrial Construction
5.4. Infrastructure Construction
5.5. Energy & Utilities Construction
5.6. Institutional Construction
5.7. Residential Construction
6. Key Industry Participants
6.1. Contractors
6.2. Consultants
For more information about this report visit https://www.researchandmarkets.com/r/9aw750
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Related
Topics: Construction
