Trends in the South African Construction Industry: Key Success Factors and Pain Points - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--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 analyzing 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 internationalize 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 practices. 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 materializes.

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/fnkgzr.

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