Construction industry trends in South Africa: construction plans

Dublin, January 10, 2022 (GLOBE NEWSWIRE) – The report “Construction industry trends in South Africa 2021” has been added to ResearchAndMarkets.com offer.

The construction industry is an engine of socio-economic development and a key job multiplier, but despite its strategic importance, recent years have not been favorable for the South African construction industry, with a persistent economy in slow motion, disruption on construction sites, the ever-present shadow of corruption and COVID-19 hanging over the industry.

This report focuses on trends across the South African construction industry. It includes information on key trends, success factors and weaknesses relevant to the industry, while analyzing in depth issues such as local growth trends, current confidence levels, job movements. , rising input costs and the overall health of the industry. The rationale for the internationalization of South African companies is explored, based on a clear analysis of the drivers of the African construction industry.

The construction industry contributed R134 billion in gross value added at current prices to the South African economy in 2020 (2.7% share of total GDP). Value added is a direct function of the level of investment in industry as measured by gross fixed capital formation (GFCF) in construction, which stood at Rand 308.2 billion in 2020. This report follows the industry’s performance since its pre-World Cup 2010 heyday and more currently since 2017, investigating the reasons for the drop to current levels.

The growth prospects for the industry in the medium and long term remain positive. Although the impact of COVID-19 has been severe, the effects of the pandemic will eventually be wiped out of the system. It may even leave the industry with better and healthier business practices. However, reaching a growing construction industry in the future will require belt tightening, bigger initiatives and a focus on finding new jobs and increased diversification from industry players. But the greatest responsibility for success rests with the government to deliver on its promised infrastructure projects – those promises are only of value to contractors as the work materializes.

Main topics covered:

1. INTRODUCTION

2. DESCRIPTION OF THE INDUSTRY
2.1 Industry value chain
2.2 Industry size
2.3 Key success factors and pain points
2.4 Key trends

3. LOCAL
3.1 Local growth trends
3.2 Current levels of confidence in the industry
3.3 Work
3.4 Rising input costs
3.5 Construction plans adopted and buildings completed

4. AFRICA

5. INFLUENCE FACTORS
5.1 COVID-19
5.3 Investment (Gross Fixed Capital Formation)

6. OUTLOOK

7. INDUSTRY ASSOCIATIONS

8. REFERENCES

Companies mentioned

  • Arnott Panels (Pty) Ltd
  • Aveng Ltd
  • Axsys Projects (Pty) Ltd
  • Basil Read Holdings Ltd
  • Bilfinger Intervalve Africa (Pty) Ltd
  • Bluhm Burton Engineering (Pty) Ltd
  • Bosch Projects (Pty) Ltd
  • Calgro M3 Holdings Ltd
  • Cape Scaffolding Contractors (Pty) Ltd
  • Cato Ridge Electrical Construction (Pty) Ltd
  • Colas Africa Holdings (Pty) Ltd
  • Concor Construction (Pty) Ltée
  • Construction Maintenance Services (Pty) Ltd
  • Diabor (Pty) Ltd
  • Edwin Construction (Pty) Ltée
  • Enza Construction (Pty) Ltd
  • Esor SA
  • EXR Construction (Pty) Ltd
  • Fairbrother Geotechnical Engineering (Pty) Ltd
  • Fikile Construction (Pty) Ltd
  • Fluor South Africa (Pty) Ltd
  • Gauteng Piling (Pty) Ltd
  • Geomechanics (Pty) Ltd
  • Giuricich Bros Construction (Pty) SA
  • Group Five Construction (Pty) Ltd
  • Hatch Africa (Pty) Ltd
  • Haw and Inglis Civil Engineering (Pty) Ltd
  • Intastor Controlled Environments (Pty) Ltd
  • Isowall South Africa (Pty) Ltd
  • Johannesburg Scaffolding (Pty) Ltd
  • Kaefer Energy Projects (Pty) Ltd
  • Business by the lake 102 CC
  • MCE Fabrication et Construction (Pty) Ltd
  • Malinga Scaffolding and Formowork (Pty) Ltd
  • Mazor SA Group
  • Motheo Construction Group (Pty) Ltd
  • Murray and Roberts Holdings Ltd
  • Access scaffolding Pezula (Pty) Ltd
  • Power Construction (Pty) Ltd
  • ProFix (Pty) Ltd Scaffolding
  • Ramutsa Rail CC
  • Ratehang CC Projects
  • Raubex SA Group
  • Ro-Al Construction (Pty) Ltd
  • SA Scaffold Manufacturing (Pty) Ltd
  • South African National Roads Agency SOC Ltd (The)
  • Stefanutti Stocks Holdings Ltd
  • TCM Developments (Pty) Ltd
  • Tiber Construction (Pty) Ltd
  • Tisang Group (Pty) Ltd
  • TN Molefe Construction (Pty) Ltd
  • Top Fix (Pty) Ltd
  • Trencon Construction (Pty) Ltd
  • Umso Construction (Pty) Ltd
  • Viva Formwork and Scaffolding (Cape Town) (Pty) Ltd
  • VNA Piling CC
  • Waco Africa (Pty) Ltd
  • Wilson Bayly Holmes-Ovcon Ltd
  • WK Construction (Pty) Ltd
  • WK Construction South Africa (Pty) Ltd
  • Wood South Africa (Pty) Ltd

For more information on this report, visit https://www.researchandmarkets.com/r/h8wuvy

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