South African Construction Industry Trends: Building Plans Passed and Buildings Completed
Dublin, Jan. 10, 2022 (GLOBE NEWSWIRE) -- The "Trends in the Construction Industry in South Africa 2021" report has been added to ResearchAndMarkets.com's offering.
The construction industry is a driver of socio-economic development and a key employment multiplier, yet despite its strategic importance, the last few years have not been kind to the South African construction industry, with a persistently sluggish economy, disruption on construction sites, the ever- present shadow of corruption and COVID-19 weighing down on the industry.
This report focuses on trends in the overall South African construction industry. It includes information on the key trends, success factors and pain points relevant to the industry, whilst analysing in depth such issues as local growth trends, current confidence levels, employment movements, rising input costs and the overall health of the industry. The rationale for South African companies to internationalise is investigated, premised on a clear analysis of the drivers of the African construction industry.
The construction industry contributed R134.bn in gross value added at current prices to the South African economy in 2020 (2.7% share of the total GDP). The value added is a direct function of the level of investment in the industry as measured by the gross fixed capital formation (GFCF) in construction, which stood at R308.2bn in 2020. This report tracks the performance of the industry from its heydays pre-World Cup 2010 and more currently since 2017, by investigating the reasons for the decline to its current levels.
The growth prospects of the industry in the medium- to longer-term remains positive. Whilst the impact of COVID-19 was severe, the effects of the pandemic will eventually be worked out of the system. It may even leave the industry with better, more sound business practises. However, to attain a growing construction industry going forward will require some belt tightening, greater initiatives and focus to find new work and further diversification by the industry players. But the greatest responsibility for success lays at the feet of Government who needs to deliver on their promised infrastructure projects - these promises are only of value to contractors as and when the work materialises.
Key Topics Covered:
1. INTRODUCTION
2. DESCRIPTION OF THE INDUSTRY
2.1 Industry Value Chain
2.2 Size of the Industry
2.3 Key Success Factors and Pain Points
2.4 Key Trends
3. LOCAL
3.1 Local Growth Trends
3.2 Current Confidence Levels in the Industry
3.3 Labour
3.4 Rising Input Costs
3.5 Building Plans Passed and Buildings Completed
4. AFRICA
5. INFLUENCING 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) Ltd
Construction Maintenance Services (Pty) Ltd
Diabor (Pty) Ltd
Edwin Construction (Pty) Ltd
Enza Construction (Pty) Ltd
Esor Ltd
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) Ltd
Group Five Construction (Pty) Ltd
Hatch Africa (Pty) Ltd
Haw and Inglis Civil Engineering (Pty) Ltd
Intastor Controlled Environments (Pty) Ltd
Isowall Southern Africa (Pty) Ltd
Johannesburg Scaffolding (Pty) Ltd
Kaefer Energy Projects (Pty) Ltd
Lakeshore Trading 102 CC
M C E Fabrication and Construction (Pty) Ltd
Malinga Scaffolding and Formowork (Pty) Ltd
Mazor Group Ltd
Motheo Construction Group (Pty) Ltd
Murray and Roberts Holdings Ltd
Pezula Access Scaffolding (Pty) Ltd
Power Construction (Pty) Ltd
ProFix Scaffolding (Pty) Ltd
Ramutsa Rail CC
Ratehang Projects CC
Raubex Group Ltd
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 about this report visit https://www.researchandmarkets.com/r/h8wuvy
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