DUBLIN–(Business Wire)–The “South Africa Construction Industry 2024” report has been added to ResearchAndMarkets.com’s offering.
This report on the South African construction industry includes information on the industry’s economic contribution, construction activity, number of contractors, sectoral investments, and relevant growth indicators and indices. Includes information on notable companies, corporate activities, latest trends, and public and private sector projects.
There are 61 company profiles, including leading construction companies such as Aveng, Raubex and Stefanutti Ltd, engineering, consulting and service companies such as Haw & Inglis, TCM Developments and Waco, and leading construction companies in China such as China Communications Construction and China State Construction Engineering.
introduction
South Africa’s construction industry has been under pressure for more than a decade. Several civil engineering and construction companies have gone out of business, while others have rescued their businesses or diversified by selling local operations. In real terms, the industry’s contribution to the economy in 2023 was 35% lower than in 2016. Construction activity recovered in the second half of 2024.
Although the pipeline of public sector infrastructure projects has improved, many industry players no longer have the capacity to execute large-scale projects. This paved the way for major Chinese construction companies to gain a foothold in the domestic market.
South African construction market opportunities
3D printing of building materials and structures. Construction support services such as local and regional scaffolding and formwork supply. Projects focused on green buildings, including sustainability and off-grid living. We provide building management systems that improve energy and water efficiency. Supply of prefabricated modular structures for mining operations, housing, schools and medical facilities. There are opportunities for the private sector to partner with governments and their agencies on infrastructure projects. Urban renewal and reuse and conversion of vacant commercial and industrial buildings into affordable housing units.
South African construction market challenges
Construction safety issues and regulatory compliance concerns. Corruption, irregular procurement practices and the construction mafia are continuing threats. High interest rates continue to constrain growth in the homebuilding industry. The industry has been significantly weakened by a prolonged lack of investment, low levels of government spending, procurement backlogs and delays in the completion of public sector construction tenders. The shortage of experienced professionals with specialized skills has been exacerbated by the exodus of some major construction companies.
Key market trends
The government is soliciting private investment in strategic infrastructure projects. China’s major construction companies have been awarded public sector infrastructure projects and are expected to play an increasingly important role in the industry. The high interest rate environment continues to constrain residential construction activity. Although the industry remains under pressure, confidence in the civil construction and architecture subsector is improving. The focus is on energy-related projects, especially renewable energy. There is a growing focus on sustainable construction methods, including energy and water efficiency and the need for climate-resilient infrastructure.
South African construction market outlook
Public sector infrastructure spending is expected to increase. The public sector project pipeline is expected to improve and construction activity to expand. Private sector investment is increasing and the value of new projects will more than double by 2024.
Lower interest rates could encourage housing construction. The industry continues to be held to ransom by the construction mafia. An increasingly significant challenge is the presence of major Chinese construction companies, which are powerful competitors in the public infrastructure field.
Featured companies
Arnott Panels (Pty) Ltd Aveng Ltd Axsys Projects (Pty) Ltd Bilfinger Intervalve Africa (Pty) Ltd Bluhm Burton Engineering (Pty) Ltd Bosch Projects (Pty) Ltd Cape Scaffolding Contractors (Pty) Ltd Cato Ridge Electrical Construction (Pty) Ltd China Communications Construction Company Ltd China State Construction Engineering Corporation 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 Geomechanics (Pty) Ltd Grinaker-LTA Civil Engineering (Pty) Ltd Group Five Construction (Pty) Ltd GVK-Siya Zama Building Contractors (Pty) Ltd Hatch Africa (Pty) Ltd Haw and Inglis Civil Engineering (Pty) Ltd Isowall Automotive (Pty) Ltd Johannesburg Scaffolding (Pty) Ltd Johnson Controls International (Pty) Ltd Kaefer Energy Projects (Pty) Ltd Kwikspace Modular Buildings (Pty) Ltd LTA Autecon (Pty) Ltd Malinga Scaffolding and Formowork (Pty) Ltd Mazor Group (Pty) Ltd MCE Fabrication and Construction (Pty) Ltd Motheo Construction Group (Pty) Ltd Murray and Roberts Holdings Ltd Peri Formwork Scaffolding Engineering (Pty) Ltd Pezula Access Scaffolding (Pty) Ltd Power Construction (Pty) Ltd Ramutsa SA (Pty) Ltd 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 Waco Africa (Pty) Ltd WBHO Mining & Civil Ltd Wilson Bayly Holmes-Ovcon Ltd WK Construction (Pty) Ltd WK Construction South Africa (Pty) Ltd Wood South Africa (Pty) Ltd Zutari (Pty) Ltd
Main topics covered:
1. Introduction
2. Industry description
2.1. Industry value chain
2.2. Geographic location
2.3. Industry size
3. Local
3.1.Current status of the industry
3.2.Key trends
3.3.Major issues
3.4. Featured players
3.5. Corporate activities
3.6.Rules
3.7. Corporate development and social development
4. Africa
5. International
6. Influencing factors
6.1. Unexpected events
6.2. Economic environment
6.3. Labor
6.4.Environmental issues
6.5. Technology, research and development, innovation
6.6. Government support
6.7. Input costs
7. Competitive environment
7.1. Competition
7.2. Industry ownership structure
7.3. Barriers to entry
8. Industry overview
9. Outlook
10. Industry associations
For more information about this report, please visit https://www.researchandmarkets.com/r/8csd4u.
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