South African Construction Industry, 2017–2022

Research Highlights

This analysis addresses opportunities, challenges, and key drivers and restraints in the market. This study focuses on the following market segments:

• South African construction market
• Construction technology market
• Green construction market
• Green procurement market
• Construction and mining capital equipment market
• Cement market – particularly the green cement market.

The study period is from 2015 to 2022, with a base year of 2017 and a forecast period of 2018 to 2022.

Key Features

• Provide an overview of the total market size and expected growth between 2018 and 2023.
• Offer insight into the key drivers and restraints and their degree of impact over the next 5 years.
• Present market forecasts for the total market from 2015 to 2022.
• Provide an overview of the market, technology, and construction material trends over the next 5 years.
• Highlight the key growth opportunities.

Key Issues Addressed

• Who are the major participants within the local construction market?
• What key factors are affecting market dynamics? What are the drivers, challenges, and business risks?
• What are some of the most promising, high-growth opportunities for the local construction industry?
• What are the emerging trends in the industry?
• What are the key market restraints within the industry and their impact over the next 5 years?
• What technologies and technological trends will have the greatest impact on the market?

Key Conclusion

Lastly, it is predicted that the construction industry will experience the following:

• Green construction and green building materials, such as green cement, will see a significant boost in market revenue and will become one of the fastest-growing market segments between 2020 and 2030.
• Industry participants should focus on establishing strategic partnerships among suppliers, (cement) manufacturers and technical firms to optimise market penetration through improved technology and expertise baseline.
• There will be a significant increase in the implementation of higher efficiency in renewable energy, innovation in modular construction methods, and a strong adoption of optimisation technologies.

Author: Justin Malherbe