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Belgium Construction Market Size, Trends and Forecast by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Construction, 2022-2026

Publisher GlobalData
Published Feb 10, 2022
Length 49 Pages
SKU # GBDT17094407

Description

Belgium Construction Market Size, Trends and Forecast by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Construction, 2022-2026

Summary

The Belgian construction industry expanded by an estimated 7.8% in real terms in 2021 - up from an annual decline of 4.9% in 2020. The industry’s output in 2021 was supported by investments in renewable energy, residential, and commercial infrastructure projects. According to the National Bank of Belgium (NBB), the construction industry’s value add expanded by 9.6% year on year (YoY) in the first three quarters of 2021. However, the rise in COVID-19 infections and the subsequent tightening of restrictions are expected to have affected the economy in late 2021.

GlobalData expects the industry to expand by 2.5% this year, before recording an annual average growth rate of 2.2% during the period of 2023-2026, supported by higher public spending in infrastructure and clean energy projects. In October 2021, the government announced its plans to expand the offshore wind capacity in the North Sea region to 3.5GW, from an initial capacity of 1.7GW.

The industry’s output over the forecast period will also be supported by investments in renewable energy, residential, and commercial infrastructure projects. In September 2021, the European Union (EU) Commission announced funding of EUR5.9 billion ($7 billion) for Belgium's recovery and resilience plan. The plan supports green transition through investments of over EUR1 billion ($1.2 billion) in the energy-efficient renovation of buildings, including social housing; it also includes an investment of EUR1.3 billion ($1.5 billion) on improving railway infrastructure, financing green public buses, deploying electric charging stations, developing urban public transport, and creating cycling pathways.

This report provides detailed market analysis, information and insights into the Belgian construction industry, including -
  • The Belgian 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 Belgian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Scope

This report provides a comprehensive analysis of the construction industry in Belgium. It provides -
  • Historical (2017-2021) and forecast (2022-2026) valuations of the construction industry in Belgium, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
  • Identify and evaluate market opportunities using GlobalData's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

Table of Contents

49 Pages
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
Outlook
Latest news and developments
Construction Projects Momentum Index
4.2 Commercial Construction
Outlook
Project analytics
Latest news and developments
4.3 Industrial Construction
Outlook
Project analytics
Latest news and developments
4.4 Infrastructure Construction
Outlook
Project analytics
Latest news and developments
4.5 Energy and Utilities Construction
Outlook
Project analytics
Latest news and developments
4.6 Institutional Construction
Outlook
Project analytics
Latest news and developments
4.7 Residential Construction
Outlook
Project analytics
Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
7.4 GlobalData Construction
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List of Tables
Table 1: Construction Industry Key Data
Table 2: Belgium, Key Economic Indicators
Table 3: Belgium, Commercial Construction Output by Project Type (Real % Change), 2017-2026
Table 4: Belgium, Top Commercial Construction Projects by Value
Table 5: Belgium, Industrial Construction Output by Project Type (Real % Change), 2017-2026
Table 6: Belgium, Top Industrial Construction Projects by Value
Table 7: Belgium, Infrastructure Construction Output by Project Type (Real % Change), 2017-2026
Table 8: Belgium, Top Infrastructure Construction Projects by Value
Table 9: Belgium, Energy and Utilities Construction Output by Project Type (Real % Change), 2017-2026
Table 10: Belgium, Top Energy and Utilities Construction Projects by Value
Table 11: Belgium, Institutional Construction Output by Project Type (Real % Change), 2017-2026
Table 12: Belgium, Top Institutional Construction Projects by Value
Table 13: Belgium, Residential Construction Output by Project Type (Real % Change), 2017-2026
Table 14: Belgium, Top Residential Construction Projects by Value
Table 15: Belgium, Key Contractors
Table 16: Belgium, Key Consultants
Table 17: Belgium, Construction Output Value (Real, $ Million)
Table 18: Belgium, Construction Output Value (Nominal, EUR Million)
Table 19: GlobalData Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2020-2026
Figure 2: Belgium, Construction Output by Sector (Real % Change), 2020-2022 and 2023-2026
Figure 3: Belgium, COVID-19 Confirmed Cases
Figure 4: Belgium, Risk Summary
Figure 5: Belgium, Risk Regional Comparison
Figure 6: Belgium, Construction Output Value (Real, $ Billion, 2017 Prices and Exchange Rate), 2017-2026
Figure 7: Belgium, Construction Output Value, by Sector (Real, $ Million), 2017-2026
Figure 8: Belgium, Construction Value Add (EUR Million, 2015 Chained Prices)
Figure 9: Belgium, Construction Production Index (2015=100)
Figure 10: Belgium, Gross Fixed Capital Formation (EUR Million), 2015 Chained Prices, Working Day and Seasonally Adjusted
Figure 11: Belgium, Total Number of New Building Permits Issued
Figure 12: Belgium, Number of Unemployed Jobseekers (In Thousands)
Figure 13: Belgium, Construction Projects Momentum Index
Figure 14: Western Europe, Construction Projects Momentum Index
Figure 15: Belgium, Commercial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 16: Belgium, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 17: Belgium, Retail Trade Turnover Value Index (2015=100)
Figure 18: Belgium, Wholesale and Retail Trade, Transport, Accommodation and Food Service Activities Value Add (EUR Million, 2015 Chained Prices)
Figure 19: Belgium, Total Tourist Arrivals (In Thousands)
Figure 20: Belgium, Industrial Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 21: Belgium, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 22: Belgium, Industrial and Manufacturing Production Index (2015=100)
Figure 23: Belgium, Manufacturing Value Add (EUR Million, 2015 Chained Prices)
Figure 24: Belgium, Total Export (EUR Million)
Figure 25: Belgium, Infrastructure Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 26: Belgium, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Belgium, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 28: Belgium, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Belgium, Institutional Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 30: Belgium, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Belgium, Residential Construction Output by Project Type (Real, $ Million), 2017-2026
Figure 32: Belgium, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Belgium, Real Estate Activities Value Add (EUR Million, 2015 Chained Prices)
Figure 34: Belgium, Total Number of Dwelling Permits Issued
Figure 35: Belgium, Housing Price Index (2015=100)
Figure 36: Belgium, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Belgium, Headquarters of Key Consultants (% of Total Project Pipeline)

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