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South Africa Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026

The South Africa construction market size was valued at $27.9 billion in 2021. The market is projected to grow at an AAGR of more than 2% during 2023-2026. The construction market growth in South Africa will be largely supported by the restart of projects that were delayed owing to the Coronavirus (COVID-19) restrictions, coupled with a rise in the number of building plans passed in 2021. It will also be supported by the government’s investments in transport, energy, water, and residential projects.

The South Africa construction market research report provides a detailed analysis of South Africa’s construction industry’s growth prospects by market, project type, and construction activity. It also provides critical insights into the impact of industry trends and issues as well as an analysis of key risks and opportunities in the construction industry. Moreover, it provides an analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

South Africa Construction Market Overview

South Africa Construction Market Overview

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What are the key sectors in the South Africa construction market?

The key sectors in the South Africa construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.

 Commercial construction market in South Africa

The commercial construction sector is expected to grow in 2022 owing to the rebound of tourism and economic activities, coupled with the rise in building plans granted for offices in 2021.

Industrial construction market in South Africa

The industrial construction sector is expected to grow in 2022, driven by a rapid increase in industrial and manufacturing activities backed by the expansion of exports, increasing local demand, and new sales orders.

Infrastructure construction market in South Africa

The infrastructure construction sector is expected to grow in real terms in 2022. The sector’s output over the forecast period will be supported by the government’s plan to invest a hefty amount in public transportation infrastructure between 2023 and 2025.

Energy & utilities construction market in South Africa

The energy and utilities sector is expected to expand this year. The sector’s output over the initial part of the forecast period will be supported by the government’s plan to create 4.6GW of new energy generation projects in the next fiscal year. Additionally, the government’s goal of diversifying its energy mix will support the energy and utilities sector’s forecast-period growth.

Institutional construction market in South Africa

The institutional construction sector is expected to grow this year. The sector’s output over the forecast period will be supported by investments in education and health projects.

Residential construction market in South Africa

The residential construction sector is expected to grow in 2022. Over the forecast period, the growth will be supported by investments in residential buildings, in line with the rising housing demand from the young population to buy their first homes amid flexible working conditions.

South Africa construction market analysis by sectors

The key sectors in the South Africa construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.   Commercial construction market in South Africa The commercial construction sector is expected to grow in 2022 owing to the rebound of tourism and economic activities, coupled with the rise in building plans granted for offices in 2021. Industrial construction market in South Africa The industrial construction sector is expected to grow in 2022, driven by a rapid increase in industrial and manufacturing activities backed by the expansion of exports, increasing local demand, and new sales orders.  Infrastructure construction market in South Africa The infrastructure construction sector is expected to grow in real terms in 2022. The sector’s output over the forecast period will be supported by the government’s plan to invest a hefty amount in public transportation infrastructure between 2023 and 2025. Energy & utilities construction market in South Africa The energy and utilities sector is expected to expand this year. The sector’s output over the initial part of the forecast period will be supported by the government’s plan to create 4.6GW of new energy generation projects in the next fiscal year. Additionally, the government's goal of diversifying its energy mix will support the energy and utilities sector’s forecast-period growth. Institutional construction market in South Africa The institutional construction sector is expected to grow this year. The sector’s output over the forecast period will be supported by investments in education and health projects.  Residential construction market in South Africa The residential construction sector is expected to grow in 2022. Over the forecast period, the growth will be supported by investments in residential buildings, in line with the rising housing demand from the young population to buy their first homes amid flexible working conditions.  South Africa construction market analysis by sectors

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Who are the key contractors in the South Africa construction market?

The key contractors in the South Africa construction market are Wilson Bayly Holmes-Ovcon Ltd, Stefanutti Stocks Holdings Ltd, Basil Read Pty Ltd, Roshcon, Balwin Properties Ltd, Big Cedar Property Development, Dryden Projects, Agence des Participations de l Etat, Acciona SA, and China State Construction Engineering Corp. Ltd.

South Africa construction market analysis by contractors

South Africa construction market analysis by contractors

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Who are the key consultants in the South Africa construction market?

The key consultants in the South Africa construction market are iX Engineers Pty Ltd, Incico SpA, SRK Consulting (Global) Ltd, ILISO Consulting (Pty) Ltd, Premier Shipping & Packing Limited, PRDW Consulting Port and Coastal Engineers, GIBB (Pty) Ltd, Savannah Environmental (Pty) Ltd, Malankane Consulting Engineers Pty Ltd, and Zutari Pty Ltd.

South Africa construction market analysis by consultants

South Africa construction market analysis by consultants

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Market report scope

Market size (Year – 2021) $27.9 billion
Growth rate – AAGR (2023 – 2026)  >2%
Forecast period 2022-2026
Key sectors Commercial Construction, Industrial Construction, Infrastructure Construction, Energy & Utilities Construction, Institutional Construction, and Residential Construction
Key contractors Wilson Bayly Holmes-Ovcon Ltd, Stefanutti Stocks Holdings Ltd, Basil Read Pty Ltd, Roshcon, Balwin Properties Ltd, Big Cedar Property Development, Dryden Projects, Agence des Participations de l Etat, Acciona SA, and China State Construction Engineering Corp. Ltd
Key consultants iX Engineers Pty Ltd, Incico SpA, SRK Consulting (Global) Ltd, ILISO Consulting (Pty) Ltd, Premier Shipping & Packing Limited, PRDW Consulting Port and Coastal Engineers, GIBB (Pty) Ltd, Savannah Environmental (Pty) Ltd, Malankane Consulting Engineers Pty Ltd, and Zutari Pty Ltd

Scope

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

  • Historical and forecast 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

Reasons to Buy

  • Identify and evaluate market opportunities using GlobalData’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 GlobalData’s critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 COVID-19 Status

3.5 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

7.4 GlobalData Construction

Contact Us

List of Tables

List of Tables

Table 1: Construction Industry Key Data

Table 2: South Africa, Key Economic Indicators

Table 3: South Africa, Commercial Construction Output by Project Type (Real % Change), 2017-26

Table 4: South Africa, Top Commercial Construction Projects by Value

Table 5: South Africa, Industrial Construction Output by Project Type (Real % Change), 2017-26

Table 6: South Africa, Top Industrial Construction Projects by Value

Table 7: South Africa, Infrastructure Construction Output by Project Type (Real % Change), 2017-26

Table 8: South Africa, Top Infrastructure Construction Projects by Value

Table 9: South Africa, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-26

Table 10: South Africa, Top Energy and Utilities Construction Projects by Value

Table 11: South Africa, Institutional Construction Output by Project Type (Real % Change), 2017-26

Table 12: South Africa, Top Institutional Construction Projects by Value

Table 13: South Africa, Residential Construction Output by Project Type (Real % Change), 2017-26

Table 14: South Africa, Top Residential Construction Projects by Value

Table 15: South Africa, Key Contractors

Table 16: South Africa, Key Consultants

Table 17: South Africa, Construction Output Value (Real, $ Million)

Table 18: South Africa, Construction Output Value (Nominal, ZAR Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

List of Figures

List of Figures

Figure 1: Sub-Saharan Africa, Construction Output (Real % Change), 2020-26

Figure 2: South Africa, Construction Output by Sector (Real % Change), 2020-22 and 2023-26

Figure 3: South Africa, COVID-19 Confirmed Cases

Figure 4: South Africa, Risk Summary

Figure 5: South Africa, Risk Regional Comparison

Figure 6: South Africa, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-26

Figure 7: South Africa, Construction Output Value, by Sector (Real, $ Million), 2017-26

Figure 8: South Africa, Construction Value Add (ZAR Billion, Constant 2015 Prices)

Figure 9: South Africa, Gross Fixed Capital Formation, In Constant 2015 Prices

Figure 10: South Africa, Value of Building Plans Passed, 2015 Constant Prices, In ZAR Million

Figure 11: South Africa, Value of Buildings Reported as Completed, 2015 Constant Prices, In ZAR Million

Figure 12: South Africa, Construction Projects Momentum Index

Figure 13: Region, Construction Projects Momentum Index

Figure 14: South Africa, Commercial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 15: South Africa, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 16: South Africa, Total Value of Building Plans Passed for Office and Banking Space and Shopping Space, In ZAR Million, Current Prices

Figure 17: South Africa, Income from Accommodation and Food Services, in ZAR Million (Current Prices)

Figure 18: South Africa, Total Retail and Wholesale Trade Sales at Constant 2015 Prices, In ZAR Billion

Figure 19: South Africa, Foreign Arrivals, In Thousands

Figure 20: South Africa, Industrial Construction Output by Project Type (Real, $ Million), 2017-26

Figure 21: South Africa, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 22: South Africa, Volume Index of Manufacturing Production (2015=100)

Figure 23: South Africa, Manufacturing Value Add (ZAR Billion, Constant 2015 Prices)

Figure 24: South Africa, Absa Purchasing Managers’ Index (PMI), Business Activity Index and New Sales Orders Index, Seasonally Adjusted

Figure 25: South Africa, Total Merchandise Exports (ZAR Billion)

Figure 26: South Africa, Volume Index of Mining Production (2015=100) and Mineral Sales (In Current Prices), % Change YoY

Figure 27: South Africa, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-26

Figure 28: South Africa, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 29: South Africa, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-26

Figure 30: South Africa, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 31: South Africa, Electricity Production (in gigawatt-hours)

Figure 32: South Africa, Institutional Construction Output by Project Type (Real, $ Million), 2017-26

Figure 33: South Africa, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: South Africa, Residential Construction Output by Project Type (Real, $ Million), 2017-26

Figure 35: South Africa, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 36: South Africa, Value of Residential Building Plans Passed, in ZAR Million, Constant 2015 Prices

Figure 37: South Africa, Value of Residential Buildings Reported as Completed, in ZAR Million, Constant 2015 Prices

Figure 38: South Africa, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 39: South Africa, Headquarters of Key Consultants (% of Total Project Pipeline)

Frequently Asked Questions

The construction market size in South Africa was valued at $27.9 billion in 2021.

 

The construction market in South Africa is projected to grow at an AAGR of more than 2% during the period 2023 to 2026.

The key sectors in the South African construction market are commercial construction, industrial construction, infrastructure construction, energy & utilities construction, institutional construction, and residential construction.

The key contractors in the South African construction market are Wilson Bayly Holmes-Ovcon Ltd, Stefanutti Stocks Holdings Ltd, Basil Read Pty Ltd, Roshcon, Balwin Properties Ltd, Big Cedar Property Development, Dryden Projects, Agence des Participations de l Etat, Acciona SA, and China State Construction Engineering Corp. Ltd.

The key consultants in the South African construction market are iX Engineers Pty Ltd, Incico SpA, SRK Consulting (Global) Ltd, ILISO Consulting (Pty) Ltd, Premier Shipping & Packing Limited, PRDW Consulting Port and Coastal Engineers, GIBB (Pty) Ltd, Savannah Environmental (Pty) Ltd, Malankane Consulting Engineers Pty Ltd, and Zutari Pty Ltd

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