South Africa Construction Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The construction market is defined as the value of work put in place annually for both, residential and non-residential construction.
• The South African construction industry had total revenues of $29,467 million in 2022, representing a negative compound annual growth rate (CAGR) of 5.2% between 2017 and 2022.
• The non-residential construction segment accounted for the industry's largest proportion in 2022, with total revenues of $19,764.6 million, equivalent to 67.1% of the industry's overall value.
• According to in-house research, consumer price inflation in South Africa in 2022 stood at 6.9%, up from 4.6% in 2021. After a shaky 2022, the economy is predicted to stabilize in 2023, despite the unexpected and quick increase in rates.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in South Africa
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in South Africa
• Leading company profiles reveal details of key construction market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Africa construction market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the South Africa construction market by value in 2022?
• What will be the size of the South Africa construction market in 2027?
• What factors are affecting the strength of competition in the South Africa construction market?
• How has the market performed over the last five years?
• Who are the top competitors in South Africa's construction market?