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Construction Industry: SA Market is Forecast to Record a CAGR of 13.2% to Reach ZAR 286.2 billion by 2024

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The construction industry in South Africa is expected to record a CAGR of 13.2% to reach ZAR 286.2 billion by 2024. The residential construction industry in value terms increased at a CAGR of 2.3% during 2015-2019. The commercial building construction market in value terms is expected to record a CAGR of 12.3% over the forecast period. The infrastructure construction was estimated to be ZAR 139.9 billion in 2019, posting a CAGR of -0.9% during the review period.

Over the next 8 quarters, growth is expected to remain impacted due to the economic downturn caused by the COVID-19 pandemic, across the residential, commercial, industrial, and institutional sectors in South Africa. Despite near term challenges, the medium to long term outlook remains positive. Over the short term, investment in the construction industry will be driven by government spending in the infrastructure sector.

This report provides data and trend analyses on the construction industry in South Africa, with over 100 KPIs. This is a data-centric report and it provides trend analyses with over 140+ charts and 110+ tables. It details market size & forecast, emerging trends, market opportunities, and investment risks in over 40 segments in residential, commercial, industrial, institutional, and infrastructure construction sectors.

It provides a comprehensive understanding of construction industry sectors in both value and volume (both by activity and units) terms. The report focuses on combining industry dynamics with macro-economic scenario and changing consumer behaviour to offer a 360-degree view of the opportunities and risks.

In addition to country-level analysis, this report offers a detailed market opportunity assessment across key cities, helping clients assess key regions to target within the city.

 

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