Market Research Report
Construction in South Africa, Key Trends and Opportunities to 2021
|Published by||Timetric||Product code||247773|
|Published||Content info||86 Pages
|Construction in South Africa, Key Trends and Opportunities to 2021|
|Published: May 16, 2017||Content info: 86 Pages||
In real terms, the South African construction industry's forecast-period (2017-2021) outlook is moderate compared to its review-period (2012-2016) performance. This is a result of economic slowdown, poor investor sentiment, high unemployment and a weak currency, which will weigh on construction spending.
The industry's output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 1.57% over the forecast period, down from 2.67% during the review period.
Over the forecast period, industry growth is expected to be supported by investment in transport and logistics infrastructure, and energy construction projects, as well as the expansion of low-cost residential buildings.
Government efforts to balance supply and demand for social housing will drive demand for the construction of new residential units. Urbanization will continue to generate demand for residential and infrastructure development.
Timetric's Construction in South Africa, Key Trends and Opportunities to 2021 report provides detailed market analysis, information and insights into the South African construction industry, including:
This report provides a comprehensive analysis of the construction industry in South Africa. It provides: