Summary
Construction in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The South African construction industry recorded revenues of $25.9 billion in 2024, representing a negative compound annual growth rate (CAGR) of 5.2% between 2019 and 2024.
- The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $17.4 billion, equivalent to 67.4% of the industry's overall value.
- The expansion of the South African construction industry in 2024 was significantly driven by the steady rise in urbanization, particularly in major cities such as Johannesburg, Cape Town, and Durban. Urban centers experienced continued population inflows as people migrated in search of employment and better living standards, fueling demand for commercial spaces, industrial hubs, and civic infrastructure. According to the World Bank, the proportion of urban population in South Africa reached 69.3% in 2024, pressuring city planners to accelerate housing and transport development.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the construction market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in South Africa
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa construction market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the South Africa construction market by value in 2024?
- What will be the size of the South Africa construction market in 2029?
- What factors are affecting the strength of competition in the South Africa construction market?
- How has the market performed over the last five years?
- Who are the top competitors in South Africa's construction market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the strengths of the leading players?
8 Company Profiles
8.1. Aveng Ltd
8.2. Wilson Bayly Holmes-Ovcon Ltd
8.3. Raubex Group Ltd
8.4. Murray & Roberts Holdings Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Africa construction industry value: $ million, 2019-24
Table 2: South Africa construction industry category segmentation: % share, by value, 2019-24
Table 3: South Africa construction industry category segmentation: $ million, 2019-24
Table 4: South Africa construction industry geography segmentation: $ million, 2024
Table 5: South Africa construction industry value forecast: $ million, 2024-29
Table 6: Aveng Ltd: Key Facts
Table 7: Aveng Ltd: Annual Financial Ratios
Table 8: Aveng Ltd: Key Employees
Table 9: Wilson Bayly Holmes-Ovcon Ltd: Key Facts
Table 10: Wilson Bayly Holmes-Ovcon Ltd: Annual Financial Ratios
Table 11: Wilson Bayly Holmes-Ovcon Ltd: Key Employees
Table 12: Raubex Group Ltd: Key Facts
Table 13: Raubex Group Ltd: Annual Financial Ratios
Table 14: Raubex Group Ltd: Key Employees
Table 15: Murray & Roberts Holdings Ltd: Key Facts
Table 16: Murray & Roberts Holdings Ltd: Annual Financial Ratios
Table 17: Murray & Roberts Holdings Ltd: Key Employees
Table 18: South Africa Size of Population (Million), 2020-24
Table 19: South Africa Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 20: South Africa GDP (Current Prices, $ Billion), 2020-24
Table 21: South Africa Inflation, 2020-23
Table 22: South Africa Consumer Price Index (Absolute), 2020-24
Table 23: South Africa Exchange Rate, 2019-24
List of Figures
Figure 1: South Africa construction industry value: $ million, 2019-24
Figure 2: South Africa construction industry category segmentation: $ million, 2019-24
Figure 3: South Africa construction industry geography segmentation: % share, by value, 2024
Figure 4: South Africa construction industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the construction industry in South Africa, 2024
Figure 6: Drivers of buyer power in the construction industry in South Africa, 2024
Figure 7: Drivers of supplier power in the construction industry in South Africa, 2024
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in South Africa, 2024
Figure 9: Factors influencing the threat of substitutes in the construction industry in South Africa, 2024
Figure 10: Drivers of degree of rivalry in the construction industry in South Africa, 2024
