Report cover image

Belgium Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Publisher GlobalData
Published Jan 31, 2025
Length 49 Pages
SKU # GBDT19883644

Description

Belgium Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

GlobalData’s Construction in Belgium - Key Trends and Opportunities to 2029 (H1 2025) 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.
Following an annual growth of 1.2% in 2024, the Belgian construction industry is expected to register growth of 2.6% in real terms in 2025, supported by investments in infrastructure, residential and industrial construction. According to the National Bank of Belgium (NBB), the construction industry’s value add grew by 1.5% year on year (YoY) in Q3 2024, preceded by a Y-o-Y growth of 1.4% in Q2 and a decline of 0.4% in Q1 2024.GlobalData expects the industry to registering an annual growth of 3.2% from 2026 to 2029, supported by public and private sector investments in transport infrastructure, energy and utility projects, coupled with the government aims to increase the share of renewable energy in its total gross fixed energy consumption from 13% in 2020 to 17.5% by 2030. Among recent developments, in November 2024, De Watergroep, a Belgian water company secured a EUR350 million ($372.2 million) loan from the European Investment Bank to upgrade drinking water infrastructure in Flanders. Furthermore, in November 2024, the country began the construction of Princess Elisabeth, an artificial island in the North Sea, to serve as an energy hub connecting offshore wind farms to shore. The project valued at EUR650 million ($691.3 million) is expected to be completed by 2027.

Scope

This report provides a comprehensive analysis of the construction industry in Belgium. It provides -
  • Historical (2020-2024) and forecast (2025-2029) 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 our 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 business strategies 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 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
8 About GlobalData
9 Contact Us
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), 2020–29
Table 4: Belgium, Top Commercial Construction Projects by Value
Table 5: Belgium, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: Belgium, Top Industrial Construction Projects by Value
Table 7: Belgium, Infrastructure Construction Output by Project Type (Real % Change), 2020–29
Table 8: Belgium, Top Infrastructure Construction Projects by Value
Table 9: Belgium, Energy and Utilities Construction Output by Project Type (Real % Change), 2020–29
Table 10: Belgium, Top Energy and Utilities Construction Projects by Value
Table 11: Belgium, Institutional Construction Output by Project Type (Real % Change), 2020–29
Table 12: Belgium, Top Institutional Construction Projects by Value
Table 13: Belgium, Residential Construction Output by Project Type (Real % Change), 2020–29
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), 2023–29
Figure 2: Belgium, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Belgium, Risk Summary
Figure 4: Belgium, Risk Regional Comparison
Figure 5: Belgium, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Belgium, Construction Output Value, by Sector (Real, $ Million), 2020–29
Figure 7: Belgium, Construction Value Add (EUR Million, 2020 Chained Prices)
Figure 8: Belgium, Construction Investment (EUR Million)
Figure 9: Belgium, Construction Production Index (2015=100)
Figure 10: Belgium, Gross Fixed Capital Formation (EUR Million), 2020 Chained Prices, Working Day and Seasonally Adjusted
Figure 11: Belgium, Total Number of New Building Permits Issued
Figure 12: Belgium, Construction Cost Index (2021=100)
Figure 13: Belgium, Number of Unemployed Jobseekers (In Thousands)
Figure 14: Belgium, Construction Projects Momentum Index
Figure 15: Western Europe, Construction Projects Momentum Index
Figure 16: Belgium, Commercial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 17: Belgium, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 18: Belgium, Retail Trade Turnover Value Index (2021=100)
Figure 19: Belgium, Wholesale and Retail Trade, Transport, Accommodation and Food Service Activities Value Add (EUR Million, 2020 Chained Prices)
Figure 20: Belgium, Total Tourist Arrivals (In Thousands)
Figure 21: Belgium, Industrial Construction Output by Project Type (Real, $ Million), 2020–29
Figure 22: Belgium, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 23: Belgium, Industrial and Manufacturing Production Indices, Seasonally Adjusted, 2021=100
Figure 24: Belgium, Manufacturing Value add (EUR Million, 2020 Chained Prices)
Figure 25: Belgium, Total Export (EUR Million)
Figure 26: Belgium, Infrastructure Construction Output by Project Type (Real, $ Million), 2020–29
Figure 27: Belgium, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Belgium, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020–29
Figure 29: Belgium, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 30: Belgium, Institutional Construction Output by Project Type (Real, $ Million), 2020–29
Figure 31: Belgium, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Belgium, Human Health and Social Work Activities Value Add (EUR Million, 2020 Chained Prices)
Figure 33: Belgium, Residential Construction Output by Project Type (Real, $ Million), 2020–29
Figure 34: Belgium, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 35: Belgium, Real Estate Activities Value Add (EUR Million, 2020 Chained Prices)
Figure 36: Belgium, Total Number of Dwelling Permits Issued
Figure 37: Belgium, Housing Price Index (2015=100)
Figure 38: Belgium, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 39: Belgium, Headquarters of Key Consultants (% of Total Project Pipeline)

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us