DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "2020 Wholesale and Retail Trade of Building Materials in South Africa" report.
This report examines the wholesale and retail trade of construction materials in South Africa and analyzes several key products of the industry, including cement, steel, glass, brick, ceramic tiles, paint and wood.
There are 173 company profiles, including retailers such as Italtile and Cashbuild, and major wholesalers such as PPC, Afrisam, Macsteel, Afrimat, and Corobrik. Other companies introduced include independent hardware companies, such as Brights Hardware, which merged with Cape Engineering Supplies.
Wholesale and retail trade of building materials
Building materials are key inputs for residential and commercial buildings and large-scale civil engineering projects. The construction materials trade has sales of nearly 200 billion rand in 2019, has more than 45,000 employees, and has important links with downstream mining and manufacturing. Due to slow economic growth and the decline in the construction industry, participants are facing increasingly fierce competition and an increasingly severe trading environment.
The construction materials trade has been affected by the long-term economic stagnation in South Africa and the continued weakness of the construction industry. Since 2018, many construction companies have applied for rescue, including Basil Read, Liviero Group, Esor Construction, Group Five, etc. Due to the continued decline in construction activities and demand for key construction materials such as cement, the confidence of material distributors, construction contractors and construction companies hit a record low in 2019.
Revenues in the retail and hardware sectors of the market have been affected by consumer spending restrictions, and increased costs have eroded profit margins, especially those of manufacturers. Import competition, especially for cement and steel products, is also intensifying.
Building materials retailers claim that their operating environment is very challenging, and their revenue growth has declined significantly in the past two years, with an average growth rate of more than 10% in 2016. Due to reduced contractor demand, sluggish construction activities and limited consumer spending, operating margins are under pressure, and the organic growth of existing stores has declined.
4.1.3. Enterprise development and socio-economic development
5.3. Technology, R&D and Innovation
For more information about this report, please visit https://www.researchandmarkets.com/r/e8qceb
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900
ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900