Construction Market in South Africa to Grow at CAGR 2.62% till 2020

South Africa’s construction industry will continue to expand over the forecast period (2016–2020), with investments in infrastructure, residential and energy projects continuing to drive growth. The industry’s growth over the forecast period will be driven by investment in infrastructure construction projects under the National Transport Master Plan, through which the government aims to develop the country’s rail network and ports infrastructure by 2050. Investment in social housing projects will also support the industry’s growth. The government aims to construct 1.5 million houses by 2019 to address the country’s housing deficit. The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 2.62% over the forecast period, up from 2.33% during the review period (2011–2015). There are certain risks associated with South Africa’s construction industry outlook, most notably, labor union strikes, a power crisis, high youth unemployment and a weak currency.  View complete report @ http://www.reportsweb.com/construction-in-south-africa-key-trends-and-opportunities-to-2020 .

This report provides a comprehensive analysis of the construction industry in South Africa which provides historical (2011-2015) and forecast (2016-2020) valuations of the construction industry in South Africa using construction output and value-add methods. Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by project type are discussed. Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services). The study analysis of key construction industry issues, including regulation, cost management, funding and pricing and detailed profiles of the leading construction companies in South Africa.  Place a DIRECT PURCHASE order of complete report @ http://www.reportsweb.com/buy&RW00020215/buy/1950 .

Key Highlights
 With robust and modern infrastructure vital to economic growth and competitiveness, the South African government is focusing on infrastructure development. Accordingly, to improve the country’s transport, water and energy infrastructure, the government announced plans in its 2015 budget to spend ZAR813.1 billion (US$67.3 billion) on infrastructure over the next three years.

To cope with an expected rise in passenger, cargo and air traffic, and to maintain the high quality of transport infrastructure, the government is focused on the expansion and modernization of airport infrastructure. Accordingly, Msunduzi municipality is expanding Pietermaritzburg Airport. The project involves expansion of the taxiway to the aircraft apron, a terminal building, a new parking area and drop-off zone, roads and other related infrastructure.
The South African construction industry’s growth will be driven by a government plan to increase the share of renewable energy in terms of total energy consumption, encouraging investment in renewable energy infrastructure. The government aims to increase the share of renewable energy in total energy production from 12% in 2015 to 21% by 2030.

Government efforts to balance supply and demand for affordable housing are expected to support growth in the residential construction market over the forecast period. The government and several construction companies are focusing on developing affordable housing projects in South Africa.
Accordingly, in a bid to provide affordable housing to meet demand from lower- and middle-income groups, the government and human settlements stakeholders announced a plan to construct 1.5 million houses by 2019 as part of the Human Settlements Vision 2030.
The government is focusing on the education sector to improve the country’s dilapidated school infrastructure. Accordingly, South Africa is planning to invest ZAR8.3 billion (US$767.8 million) in educational building construction by 2023 to replace all mud schools with permanent brick buildings; South Africa will replace 510 mud-school buildings across the country by 2023. Efforts such as these will drive the educational building category’s forecast-period growth.

Inquire for DISCOUNT offered on this research @ http://www.reportsweb.com/inquiry&RW00020215/discount .
Can request for sample @ http://www.reportsweb.com/inquiry&RW00020215/sample .