This product is a market research report. This is by now a US$ 3 billion market in 2016 and is expected to grow to US$10 billion by 2022. Research giant Fitch Solutions also expects 2019 to be the year the sector finally emerges from recession. Keep up to date with the latest news from the construction industry. Login to Loopia Customer zone and actualize your plan. 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. South Africas multidisciplinary construction industry accounts for a significant proportion of economic growth. The industry is expected to register an annual average growth of 4.1% between 2022-2025, supported by investments on transport, energy, residential, water, telecommunication, health and education projects. Along with global suppliers exhibiting their products and services, a number of thought-leadership conferences, hours of networking, business matchmaking programmes and free-to-attend workshops and talks, The Big 5 Construct Southern Africa 2022 will play host to thousands of attendees from across the globe, all in a safe and secure environment. GlobalData has revised down the estimated growth for South Africas construction industry in 2021, with the industry now expected to grow by 4.6% in real terms this year, from the earlier estimate of 6.2%. The South Africa construction market size was $29 billion in 2021 and is projected to achieve an AAGR of more than 2% during 2023-2026. Of the total, it allocated ZAR287 billion (US$17.8 billion) towards the transport and logistics sector, ZAR149.9 billion (US$9.3 billion) towards the energy sector and ZAR120 billion (US$7.4 billion) towards the water and sanitation sector, among others. The use of smart building technologies would ai Construction in Norway - Key Trends and Opportunities to 2025 (H2 2021) The interactive workshops and case studies, will be lead by industry experts, and will tackle advanced technology solutions, sustainable best practices, governance and regulation, Copyright 2020. The global cooling tower market is projected to register a CAGR of 4.5% between 2021 and 2026, in terms of value. Support to members engaged in the housing and development sectors and all construction companies that interface with the planning system including the drafting of necessary submissions to Development Plans at Local Authority and Regional Assembly level. The Southern region of the CIF comprises four Branches as follows: These four Branches are serviced from our Southern Region Office based in Little Island, Cork. This is evident in the countrys GDP as the industry is currently in a challenging cycle following the ongoing pressure on margins, decreased revenues, and struggling order books. Listed on 2022-11-02. Timing could not be better. It provides: Key Topics Covered 1 Executive Summary2 Construction Industry: At-a-Glance3 Context3.1. Construction cash flow forecasts help you manage shortfalls and make the most of surplus cash. In addition to these disruptions, South Africas national lockdown s over the course of 2020 and 2021 have severely impacted businesses. Construction in South Africa Key Trends and Opportunities to 2023. All Construction4.1.1. Summary. A key source of growth will be the government's focus on upgrading the country's transport infrastructure. Evaluate competitive risk and success factors. Protect your company name, brands and ideas as domains at one of the largest domain providers in Scandinavia. This study focuses on the following market segments: The study period is from 2015 to 2022, with a base year of 2017 and a forecast period of 2018 to 2022.Key Features. According to Statistics South Africa (Stats SA), the industry's value-add at constant 2010 prices declined by 5.3% year-on-year in the first quarter of 2020. Management and organisation of Branch meetings, webinars, morning briefings, conferences and social events. Timing could not be better. Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in South Africa, featuring details of key growth drivers. Summary Xero offers cash flow reporting features like business snapshots and short-term cash flow to give you insight into your cash position for Full Time position. East Africa has the largest number of recorded projects with 139 projects. The upward revision from the earlier forecast of 7.8% in 2021 is due to the country's success in containing the spread of COVID-19, the reopening of its domestic economy and the resumption of all delayed construction works. While sub-contracting (or co-contracting as it is Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline. HVACR systems are primarily installed in commercial buildings such as offices, hospitals, and schools. Its 2019 sub-Saharan Africa construction growth report expects year What technologies and technological trends will have the greatest impact on the market? You can change your Cookie Settings at any time but parts of our site will not function correctly without them. This decline is attributed to an economic slowdown, coupled with weak consumer and investor confidence, affecting public and private sector investments in construction projects. Our full-featured web hosting packages include everything you need to get started with your website, email, blog and online store. Provide an overview of the market, technology, and construction material trends over the next 5 years. South Africa's construction industry is projected to achieve a growth of 9.1% in real terms in 2022, following a turnaround in 2021 from the COVID induced contraction of 16.5% in 2020. GlobalData has revised down the estimated growth for South Africas construction industry in 2021, with the industry now expected to grow by 4.6% in real terms this year, from the earlier estimate of 6.2%. The increasing awareness of space utilization is one of the key drivers for smart buildings, Space utilization can be defined as the average square foot held by a single occupant. Research and Markets. Provide an overview of the total market size and expected growth between 2018 and 2023. GlobalDatas Construction in South Africa Key Trends and Opportunities to 2025 (Q3 2021) report provides detailed market analysis, information and insights into South Africas construction industry, including In order to bolster economic growth and support the construction industry during the early stages of the pandemic, the government announced plans to fund large shovel-ready infrastruct We use cookies to deliver the best possible experience on our website. With a growing emphasis on stakeholder centricity, the event will kick-off with The Stakeholders Engagement Forum, with an impressive panel of public and private sector stakeholders, the forum provides a platform for open discussion surrounding challenges faced and measures to expedite job creation and economic stability. Crown Publications. Eastern Cape. Contractors5.2. Make sure you dont miss any news and follow us on. This product is a market research report. Job specializations: Construction. The South African construction sector is a driver of socio-economic development and a key employment multiplier, yet despite its Please try again later, we are investigating the issue. Are you the owner of the domain and want to get started? CIF Offices, 4 Eastgate Avenue, Little Island. The global cladding systems market has witnessed high growth primarily because of the increasing infrastructure and construction activities worldwide. Summary Public and private sector investments on transport infrastructure and electricity projects will drive the industry's growth over the medium to long term. In the latest budget unveiled in February 2021, the government announced a plan to allocate ZAR791.2 billion (US$49 billion) towards public-sector infrastructure spending over the Medium-Term Expenditure Framework (MTEF) period, which runs from the Fiscal Year (FY) 2021/2022 (April 2021 to March 2022) to FY2023/2024. However, the civil unrest which erupted in July 2021 is expected to have affected manufacturing and export activities, thereby weighing on investor confidence. Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline. Political Environment and Policy3.3. In October 2020, the government approved the 2030 National Investment Program (PNI), under which it intends to spend EUR4 Construction in New Zealand - Key Trends and Opportunities to 2025 (H2 2021) What are the drivers, challenges, and business risks? Although companies continue to experience headwinds, role players say there are some green shoots. Summary This product is a market research report. Although the industry returned to growth in Q2 2021, the expansion mostly reflects the low base effect during the same period of last year. Conor OConnell, Director of Housing, Planning & Development, is Secretary of the Cork & Kerry Branches. Together with mining, it is a large building block for future economic activity With a steady decline in space consumption, technologies such as IoT-enabled devices and cognitive computing can collect data and keep track of space utilization throughout the day. Listings of major projects, in addition to details of leading contractors and consultants. The Construction Sector in South Africa. According to Statistics South Africa (Stats SA), the construction industrys value add fell by 2.9% year-on-year (Y-o-Y) in the first half of this year (H1 2021). The South African construction industry's growth prospects by market, project type and construction activity, Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the South African construction industry, Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline. A key component of South Africas Economic Reconstruction and Recovery Plan announced by President Cyril Ramaphosa is underpinned by aggressive infrastructure investment, with emphasis on localisation, job creation and streamlining of the regulatory framework. Ronan deals with member queries on procurement, tendering and contractual matters, amongst other issues. South Africa. Identify and evaluate market opportunities using GlobalDatas standardized valuation and forecasting methodologies. What key factors are affecting market dynamics? Dublin, Aug. 02, 2022 (GLOBE NEWSWIRE) -- The "South Africa Construction Market Report" report has been added to ResearchAndMarkets.com's offering. A printed copy will be shipped to you. South Africas construction industry suffered a downturn during 2017-2018, contracting by 0.6% and 1.2% in real terms in 2017 and 2018 respectively, following an average annual growth of 2.2% during the preceding three years. This year we are very excited about the events industry coming back and we are particularly excited to be able to connect, form partnerships and strategic alliances at the event.. GlobalData has revised New Zealand's construction industry growth upwards in 2021, with the industry now forecast to record growth of 12.2%, following a contraction of 5.6% in 2020. This is a site license, allowing all users within a given geographical location of your organization access to the product. Guest speaker Aubrey Tshalata, President of NAFBI remarked The Big 5 Construct Southern Africa has always been one of the main events in our country to meet potential partners, customers, suppliers and contractors. Dublin, Sept. 04, 2020 (GLOBE NEWSWIRE) -- The "Construction in South Africa - Key Trends and Opportunities to 2024" report has been added to ResearchAndMarkets.com's offering.The South African construction industry has been in decline since 2017, with the industry's output value in real terms contracting by 3.3% in 2019. Thank you for contacting Reportlinker.com ! Since 1979, the event has launched hundreds of thousands of products, it has Use LoopiaWHOIS to view the domain holder's public information. In 2019 alone, the industrys value shrunk by 3.3%. Rebound in commercial construction is expected to increase the demand for the external cladding system. Present market forecasts for the total market from 2015 to 2022. The CIF Southern Region supports our members businesses with information and expert advice on a range of construction specific issues: No news items are currently available. Please check back soon. Stakeholder engagement and the co-ordination of lobbying activities in the region to ensure the necessary infrastructural investment and construction activity. The global cooling tower market size is projected to grow from USD 2.1 billion in 2021 to USD 2.6 billion by 2026, at a CAGR of 4.5% between 2021 and 2026. Assess market growth potential at a micro-level with over 600 time-series data forecasts. Listings of major projects, in addition to details of leading contractors and consultants. Considered to be one of the most prominent construction industry players in the southern Africa region, Concor Construction states that it aims to provide its customers with world-class infrastructure solutions. Connecting the global construction industry in person on 5 - 8 December 2022 #Big5Exhibition | The Big 5 is the largest and most influential building and construction show in the Middle East, Africa and South Asia. In the second half of this year, the industrys output will be supported by the gradual recovery in investor and consumer confidence amid the relaxation of COVID-19 restrictions, coupled with the rise in building plans passed for residential buildings. Website Development by Web Guru. Construction Projects Momentum Index4.2. The product is a PDF. In September 2021, the Indonesian government approved a budget of IDR2.7 quadrillion (US$190.1 billion) for 2022, of which IDR1.9 quadrillion (US$133.8 billion) will be The energy-efficient windows market is projected to register a CAGR of 7.0% during the forecast period. The industrys output over the long term will also be supported by the governments plan to produce 26% of the total electricity from renewable energy sources by 2030. (Image source: Free-Photos/Pixabay) Summary The intensity of competition in the market is predicted to upsurge as the manufacturers are concentrating on in Medical robotics is up-and-coming area of healthcare. For further information, please contact KennethMasvikeni@dmgevents.com. Building, Construction Manager, Residential Construction, Site Manager. The product is a PDF. Craig will help you find what you are looking for. He also represents member interests on a number of Regional Committees and to Regional Local Authorities. Copyright 2002-2022 Research and Markets. The industry's growth is primarily attributed to the easing of COVID-19 restrictions and an improvement in housing construction during the first half of 2021. South Africa's construction industry is projected to achieve a growth of 9.1% in real terms in 2022, following a turnaround in 2021 from the COVID induced contraction of 16.5% in 2020. : //www.sandlerresearch.org/construction-in-south-africa-key-trends-and-opportunities-to-2023.html '' > < /a > Aug 2, 2022 budget shows a sharp deterioration in mobile! Forecasts help you manage shortfalls and make the most promising, high-growth for. 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