Construction in South Africa Industry Share, Growth, Trend and Forecast 2018

Construction in South Africa - Key Trends and Opportunities to 2018 Synopsis This report provides detailed market analysis, information and insights into the South African construction industry, including: The South African construction industry's growth prospects by market, project type and type of construction activity Analysis of equipment, material and service costs across each project type in South Africa Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the South African construction industry Analyzing the profiles of the leading operators in the South African construction industry. Data highlights of the largest construction projects in South Africa Executive summary 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. 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...