South Africa Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

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Published: December 22, 2023 Report Code: GDCN1298MR-ST

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South Africa Construction Market Report Overview

The South Africa construction market size was $25.5 billion in 2022. The market is projected to achieve an AAGR of more than 3% during 2024-2027. The growth is attributed to investments in transport, energy, industrial, and housing projects. The government plans to increase the share of renewable energy in its total electricity mix from 11% in 2019 to 41% by 2030 and decommission 8-12GW of coal-fired power plants by the end of 2030.

South Africa Construction Market Outlook, 2022-2027 ($ Billion)

South Africa Construction Market Outlook, 2022-2027 ($ Billion)

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The South Africa construction market research report offers 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 (2022) $25.5 billion
AAGR (2024-2027) >3%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Sectors ·        Residential Construction

·        Infrastructure Construction

·        Energy and Utilities Construction

·        Industrial Construction

·        Commercial Construction

·        Institutional Construction
Key Contractors ·        Wilson Bayly Holmes-Ovcon Ltd

·        Stefanutti Stocks Holdings Ltd

·        Basil Read Pty Ltd

·        Roshcon

·        Balwin Properties 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

Infrastructure construction was the leading sector in the South Africa construction market in 2022

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. In 2022, the infrastructure construction sector was followed by residential construction.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. Investment to expand the country’s transport infrastructure networks will support the sector growth.
Residential construction: The project types in this sector include single-family housing and multi-family housing. The government’s focus on boosting the supply of social housing units will support the sector growth 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. Investments in long-term renewable energy projects and the government’s goal of increasing the share of renewable energy in its total electricity mix from 11% in 2019 to 41% by 2030 will drive the sector’s demand during the projected period.
Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. Developments in leisure and hospitality, office, data centre, and retail building projects will drive the commercial sector’s growth over 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. Factors such as a gradual rebound in manufacturing and export activities, coupled with investments in the establishment of industrial parks, and the government’s focus on boosting the automotive industry will drive the sector’s growth during the forecast period.
Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Infrastructure developments in the healthcare and educational sectors will fuel the growth of this sector in the coming years.

South Africa Construction Market Analysis by Sectors, 2022 (%)

South Africa Construction Market Analysis by Sectors, 2022 (%)

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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 2022

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
  • Balwin Properties Ltd

Domestic contractors account for most of the project pipeline in the South Africa construction market. Firms based in South Korea are the dominant contractors.

South Africa Construction Market Analysis by Contractors, 2022 (%)

South Africa Construction Market Analysis by Contractors, 2022 (%)

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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 outside South Africa are involved in most of the project pipeline by value. Firms based in Japan are involved in the majority of the project pipeline.

South Africa Construction Market Analysis by Consultants, 2022 (%)

South Africa Construction Market Analysis by Consultants, 2022 (%)

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South Africa Construction Market – Latest Developments

  • In November 2023, Sanral commenced work to construct new roads and upgrade an interchange along a section of the N3.
  • In November 2023, the South African National Roads Agency SOC Limited (Sanral) announced that it would re-advertise 86 road construction tenders, collectively valued at ZAR7.2 billion ($430.4million).

Segments Covered in the Report

South Africa Construction Sectors Outlook (Value, $ Billion, 2018-2027)

  • 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

  • 1. Executive Summary

  • 2. Construction Industry: At-a-Glance

  • 3. Context

    • 3.1. Economic Performance

    • 3.2. Political Environment and Policy

    • 3.3. Demographics

    • 3.4. Risk Profile

  • 4. Construction Outlook

    • 4.1. All Construction

      • 4.1.1. Outlook

      • 4.1.2. Latest news and developments

      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook

      • 4.2.2. Project analytics

      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook

      • 4.3.2. Project analytics

      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook

      • 4.4.2. Project analytics

      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook

      • 4.5.2. Project analytics

      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook

      • 4.6.2. Project analytics

      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook

      • 4.7.2. Project analytics

      • 4.7.3. Latest news and developments

  • 5. Key Industry Participants

    • 5.1. Contractors

    • 5.2. Consultants

  • 6. Construction Market Data

  • 7. Appendix

    • 7.1. What is this Report About?

    • 7.2. Definitions

    • 7.3. CRI Methodology

  • 8. About GlobalData

  • 9. Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: South Africa, Key Economic Indicators

Table 3: South Africa, Commercial Construction Output by Project Type (Real % Change), 2018–27

Table 4: South Africa, Top Commercial Construction Projects by Value

Table 5: South Africa, Industrial Construction Output by Project Type (Real % Change), 2018–27

Table 6: South Africa, Top Industrial Construction Projects by Value

Table 7: South Africa, Infrastructure Construction Output by Project Type (Real % Change), 2018–27

Table 8: South Africa, Top Infrastructure Construction Projects by Value

Table 9: South Africa, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27

Table 10: South Africa, Top Energy and Utilities Construction Projects by Value

Table 11: South Africa, Institutional Construction Output by Project Type (Real % Change), 2018–27

Table 12: South Africa, Top Institutional Construction Projects by Value

Table 13: South Africa, Residential Construction Output by Project Type (Real % Change), 2018–27

Table 14: South Africa, Top Residential Construction Projects by Value

Table 15: South Africa, Key Contractors

Table 16: South Africa, Key Consultants

Table 17: South Africa, Construction Output Value (Real, $ Million)

Table 18: South Africa, Construction Output Value (Nominal, ZAR Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Sub-Saharan Africa, Construction Output (Real % Change), 2021–27

Figure 2: South Africa, Construction Output by Sector (Real % Change), 2021–23 and 2024–27

Figure 3: South Africa, Risk Summary

Figure 4: South Africa, Risk Regional Comparison

Figure 5: South Africa, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018–27

Figure 6: South Africa, Construction Output Value, by Sector (Real, $ Million), 2018–27

Figure 7: South Africa, Construction Value Add (ZAR Billion, Constant 2015 Prices)

Figure 8: South Africa, Gross Fixed Capital Formation (ZAR Billion, Constant 2015 Prices))

Figure 9: South Africa, Employment in the Construction Industry (In Thousands)

Figure 10: South Africa, Value of Building Plans Passed, 2019 Constant Prices (ZAR Million)

Figure 11: South Africa, Value of Buildings Reported as Completed, 2019 Constant Prices (ZAR Million)

Figure 12: South Africa, Construction Materials Price Index, Total Construction, Dec 2021=100

Figure 13: South Africa, Construction Projects Momentum Index

Figure 14: Sub-Saharan Africa, Construction Projects Momentum Index

Figure 15: South Africa, Commercial Construction Output by Project Type (Real, $ Million), 2018–27

Figure 16: South Africa, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 17: South Africa, Total Value of Building Plans Passed for Office and Banking Space and Shopping Space, Current Prices (ZAR Million)

Figure 18: South Africa, Total Value of Building Plans for Office and Banking Space and Shopping Space Reported as Completed, Current Prices (ZAR Million)

Figure 19: South Africa, Income from Accommodation and Food Services (ZAR Million, Current Prices)

Figure 20: South Africa, Total Retail and Wholesale Trade Sales (Constant 2019 Prices, ZAR Billion)

Figure 21: South Africa, Industrial Construction Output by Project Type (Real, $ Million), 2018–27

Figure 22: South Africa, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 23: South Africa, Manufacturing Value Add (ZAR Billion, Constant 2015 Prices)

Figure 24: South Africa, Total Value of Industrial and Warehouse Space Plans Passed, Current Prices (ZAR Million)

Figure 25: South Africa, Volume Index of Manufacturing Production (2019=100)

Figure 26: South Africa, Absa Purchasing Managers’ Index (PMI), Business Activity Index and New Sales Orders Index, Seasonally Adjusted

Figure 27: South Africa, Total Merchandise Exports (ZAR Billion)

Figure 28: South Africa, Volume Index of Mining Production (2019=100) and Mineral Sales (Current Prices, ZAR Billion)

Figure 29: South Africa, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27

Figure 30: South Africa, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 31: South Africa, Construction Materials Price Index, Civil Engineering Construction, Dec 2021=100

Figure 32: South Africa, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2018–27

Figure 33: South Africa, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: South Africa, Electricity, Gas and Water Value Add (ZAR Billion, Constant 2015 Prices)

Figure 35: South Africa, Electricity Production (GWh)

Figure 36: South Africa, Institutional Construction Output by Project Type (Real, $ Million), 2018–27

Figure 37: South Africa, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 38: South Africa, Residential Construction Output by Project Type (Real, $ Million), 2018–27

Figure 39: South Africa, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 40: South Africa, Real Estate Value Add (ZAR Billion, Constant 2015 Prices)

Figure 41: South Africa, Gross Fixed Capital Formation Residential (ZAR Billion, Constant 2015 Prices)

Figure 42: South Africa, Total Value of Residential Building Plans Passed, 2019 Constant Prices (ZAR Million)

Figure 43: South Africa, Total Value of Residential Buildings Reported as Completed, 2019 Constant Prices (ZAR Million)

Figure 44: South Africa, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 45: South Africa, Headquarters of Key Consultants (% of Total Project Pipeline)

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