South Africa Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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South Africa Construction Market Report Overview
The South Africa construction market size was $25 billion in 2023. The market will grow at an AAGR of more than 3% during 2025-2028. Investments in renewable energy and the industrial sectors, with the government’s plans to increase the share of renewable energy in its total electricity mix will drive the market growth.
South Africa Construction Market Outlook, 2023-2028 ($ Billion)
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The South Africa construction market research report gives a comprehensive understanding of project types and construction activities in the country. It analyzes the mega-project pipeline, focusing on development stages, participants, and listings of major projects in the pipeline. The market report further discusses the key sectors in the construction market and their growth drivers. Along with reviewing the details of the construction projects, our analysts have elaborated on emerging trends and assessed key risks and opportunities that will influence the South Africa construction market growth in the coming years.
Market Size (2023) | $25 billion |
AAGR (2025-2028) | >3% |
Forecast Period | 2023-2028 |
Historical Period | 2019-2022 |
Key Sectors | · Commercial Construction
· Industrial Construction · Infrastructure Construction · Energy and Utilities Construction · Institutional Construction · Residential Construction |
Key Contractors | · Wilson Bayly Holmes-Ovcon Ltd
· Stefanutti Stocks Holdings Ltd · Basil Read Pty Ltd · Roshcon · Murray & Roberts Holdings Ltd |
Key Consultants | · Amandla Engineering Pty Ltd
· iX Engineers Pty Ltd · Incico SpA · ILISO Consulting (Pty) Ltd · GIBB (Pty) Ltd |
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South Africa Construction Market Segmentation by Sectors
The infrastructure construction sector accounted for the highest market share in the South Africa construction market in 2023
The key sectors in the South Africa construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. A rebound in tourism activities and the construction of retail buildings and data centers will drive the commercial sector’s growth during the forecast period.
Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. Investments in the construction of electric vehicle production plants and factories across the country will drive the sector’s growth during 2025-2028.
Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Investments to expand the country’s transport infrastructure networks will support the sector’s output during the forecast period.
Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. Improved investments in renewable energy projects, and the government’s aim to reduce the country’s carbon emissions in the country will drive sector growth during 2025-2028.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Public and private sector investments to develop the healthcare and educational sectors will fuel the growth of the institutional construction sector during 2025-2028.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The government’s focus on the construction of affordable housing in the country will support the residential sector output over the forecast period.
South Africa Construction Market Analysis by Sectors, 2023 (%)
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South Africa Construction Market - Competitive Landscape
Wilson Bayly Holmes-Ovcon Ltd emerged as the leading contractor and Amandla Engineering Pty Ltd as the leading consultant in the South Africa construction market in 2023
A few of the leading contractors in the South Africa construction market are:
- Wilson Bayly Holmes-Ovcon Ltd
- Stefanutti Stocks Holdings Ltd
- Basil Read Pty Ltd
- Roshcon
- Murray & Roberts Holdings Ltd
Domestic contractors account for most of the project pipeline in the South Africa construction market.
South Africa Construction Market Analysis by Contractors, 2023 (%)
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A few of the leading consultants in the South Africa construction market are:
- Amandla Engineering Pty Ltd
- iX Engineers Pty Ltd
- Incico SpA
- ILISO Consulting (Pty) Ltd
- GIBB (Pty) Ltd
Consultants with headquarters in South Africa are involved in most of the project pipeline by value.
South Africa Construction Market Analysis by Consultants, 2023 (%)
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South Africa Construction Market - Latest Developments
- In March 2024, the Deputy President of South Africa Paul Mashatile, announced more than $12 billion in spending on the infrastructure construction project pipeline.
- In March 2024, Vestas, a Denmark-based wind energy company, won a contract from the South African Department of Energy for the construction of five new wind farm projects in the country with a combined capacity of more than 296MW.
Segments Covered in the Report
South Africa Construction Sectors Outlook (Value, $ Billion, 2019-2028)
- Commercial Construction
- Industrial Construction
- Infrastructure Construction
- Energy and Utilities Construction
- Institutional Construction
- Residential Construction
Scope
This report provides:
- A comprehensive analysis of the construction industry in South Africa.
- Historical and forecast valuations of the construction industry in South Africa, featuring details of key growth drivers.
- Segmentation by sector and by sub-sector.
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants.
Reasons to Buy
- Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using GlobalData’s critical and actionable insight.
- Assess business risks, including cost, regulatory, and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
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Figures
Frequently asked questions
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What was the construction market size in South Africa in 2023?
The construction market size in South Africa was $25 billion in 2023.
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What will the South Africa construction market growth rate be during the forecast period?
The construction market in South Africa is projected to achieve an AAGR of more than 3% during 2025-2028.
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Which sector accounted for the highest share of the South Africa construction market in 2023?
The infrastructure construction sector accounted for the highest market share in the South Africa construction market in 2023.
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Which are the leading contractors in the South Africa construction market?
A few of the leading contractors in the South Africa construction market are Wilson Bayly Holmes-Ovcon Ltd, Stefanutti Stocks Holdings Ltd, Basil Read Pty Ltd, Roshcon, and Murray & Roberts Holdings Ltd among others.
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Which are the leading consultants in the South Africa construction market?
A few of the leading consultants in the South Africa construction market are Amandla Engineering Pty Ltd, iX Engineers Pty Ltd, Incico SpA, ILISO Consulting (Pty) Ltd, and GIBB (Pty) Ltd among others.
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