DUBLIN--(BUSINESS WIRE)--The "South Africa Construction Industry Databook Series - Market Size & Forecast (2016 - 2025) by Value and Volume (Area and Units) across 40+ Market Segments in Residential, Commercial, Industrial, Institutional and Infrastructure Construction - Q1 2021 Update" report has been added to ResearchAndMarkets.com's offering.
The construction industry in South Africa came to a halt as the country entered into a hard lockdown in Q1-Q2 2020. In response to the global coronavirus pandemic, the South African government took several measures and imposed emergency restrictions to contain the spread of the virus. Thus, resulting in a muted demand for construction activities in the country.
Reduced income levels due to the slowdown in economic activities will also affect the residential sector. Therefore, demand for housing units is expected to remain subdued in the short to medium term in South Africa.
In South Africa, the national office vacancy rate was 12.3% during the second quarter of 2020. This is up 0.7% from the first quarter and was 11% in the fourth quarter in 2019. Since for a larger part of 2020, employees worked remotely, companies have spent more on such resources working remotely. As a result, several organizations have either downsized or have done away completely with physical offices. Thus, resulting in the decline of commercial construction activities in the country.
According to this Q4 2020 Global Construction Survey, construction industry in South Africa is expected to grow by 25.4% to reach US$ 16830.6 million in 2021. Despite near-term challenges in certain construction sectors, the medium to long term growth story in South Africa remains intact. The construction industry in South Africa is expected to grow steadily over the next four quarters. The growth momentum is expected to continue over the forecast period, recording a CAGR of 7.0% during 2021-2025. The construction output in the country is expected to reach US$ 22052.3 million by 2025.
This report provides market size and forecast across 40+ construction segments for a period of 10 years from 2016-2025 in South Africa. KPIs covered include the following:
- Market size by value
- Market size by volume of construction
- Number of units
South Africa Residential Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:
- Housing type (multi family, single family)
- Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
- Price point / income level (luxury, mid-tier, affordable)
- Construction stage (new construction, re-development & maintenance)
South Africa Residential Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:
- Green building by Housing type (multi family, single family)
- Green building by Key cities (Tier - 1, Tier - 2, Tier - 3 segmentation)
- Green building by Price point / income level (luxury, mid-tier, affordable)
South Africa Commercial Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:
- Office (further broken down by Grade A, Grade B, and Grade C)
- Retail (further broken down by Grade A, Grade B, and Grade C)
- Hospitality (further broken down by Grade A, Grade B, and Grade C)
- Restaurant (further broken down by Grade A, Grade B, and Grade C)
- Entertainment
- Sports facility
- Construction stage (new construction, re-development & maintenance)
South Africa Commercial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:
- Office green building construction
- Retail green building construction
- Hospitality green building construction
- Restaurant green building construction
- Entertainment green building construction
- Sports facility green building construction
- Other commercial green building construction
- South Africa Industrial Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units)
South Africa Institutional Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:
- Healthcare construction
- Educational construction
- Public sector
- construction stage (new construction, re-development & maintenance)
South Africa Institutional Green Building Construction Coverage: 10-year market size & forecast in value and volume (area and units) terms by:
- Healthcare green building construction
- Educational green building construction
South Africa Infrastructure Construction Sectors: 10- year market size & forecast in value terms by:
- Marine and inland water infrastructure
- Utility system construction (oil and gas infrastructure, communication infrastructure, power infrastructure, water and sewer infrastructure)
- Transportation infrastructure (highway, street and bridge construction, railway construction, airport construction, and tunnel construction)
- Construction stage (new construction, re-development & maintenance)
- South Africa Green Infrastructure Construction: 10- year market size & forecast in value terms
For more information about this report visit https://www.researchandmarkets.com/r/wg51a0
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