Construction in South Africa - Key Trends and Opportunities to 2018

ResearchMoz.us include new market research report " Construction in South Africa to 2018: Industry Size, Shares, Growth, Analysis, Trends And Forecast" to its huge collection of research reports.

The South African construction industry registered a compound annual growth rate (CAGR) of 8.65% during the review period (2009–2013). This growth was supported by increased government spending in the country’s residential, infrastructural and commercial construction projects. The residential and infrastructure construction markets drove growth, as the preparation for both the World Cup and 2009 Confederations Cup supported improvements and acceleration in construction activities.

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Moreover, the government has also adopted the National Infrastructure Plan (NIP) and announced National Budget estimates in order to develop the country’s infrastructure. Therefore, a large number of announced projects will provide hope for the construction industry, as corruption, mismanagement and price fixing within the industry all threaten to undermine the proper implementation of these developments. Timetric expects the South African construction industry to record a CAGR of 8.93% over the forecast period (2014–2018).

Scope:-

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

• Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in South Africa using construction output and value-add methods
• Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
• Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
• Analysis of key construction industry issues, including regulation, cost management, funding and pricing
• Detailed profiles of the leading construction companies in South Africa

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Key highlights:-

• In nominal terms, the total construction value add in South Africa registered a nominal CAGR of 9.97% during the review period. The value add is anticipated to record a nominal forecast-period CAGR of 7.70%, driven by a decline in the confidence of building construction and civil engineering construction. According to the Bureau for Economic Research (BER), the building confidence index declined by 11.0 index points, going from 52.0 points in the first quarter of 2014 to 41.0 points in the second. The civil confidence index declined by 11.0 index points over the same period, going from 55.0 to 44.0 points. The total outlook for construction in South Africa over the forecast period remains positive.
• The South African Construction industry is undergoing a period of unfavorable conditions as a consequence of economic indicators, which continue to disappoint the building industry. There are fewer projects in the construction market with a higher interest rate, dampening the country’s growth of real estate construction projects. According to BER, the building confidence index declined by 11.0 index points, going from 52.0 in the first quarter of 2014 to 41.0 in the second. This was largely due to the weak demand from private sector, prolonged strike in platinum sector, acceleration in the project postponement rate, increasing interest rates and declining exports. The industry is set to rebound over the forecast period, due to improved economic conditions, increase in profitability, and investment in the construction industry.........

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