Summary
The virus outbreak, coupled with the lockdown measures imposed by the government, severely weakened the Belgian economy in 2020. The publisher estimates that the Belgian construction industry contracted by 5.8% in 2020. According to the National Bank of Belgium (NBB), the country’s construction industry contracted by 0.2% year-on-year (YoY) in Q3 2020 and 5.9% in the first nine months of the year. However, the construction industry is expected to recover in 2021 as the government has removed major lockdown restrictions across the country, with the economic outlook expected to improve in 2021. The publisher expects Belgium’s construction industry to grow by 4.9% in 2021.
Construction activities in the country were disrupted as construction companies closed sites in response to the pandemic. In May 2020, the Flemish ministry of Mobility and Public Works announced plans to invest EUR2.2 billion (US$2.5 billion) in 924 minor and major projects. The government expects these projects to help boost the road and hydraulic engineering sector, thereby contributing to the overall economy and construction industry. The publisher expects industry output to register an average annual growth rate of 2.4% over the remaining part of the forecast period.
This report provides detailed market analysis, information, and insights into the Belgian construction industry, including -
Scope
This report provides a comprehensive analysis of the construction industry in Belgium. It provides -
Reasons to Buy
The virus outbreak, coupled with the lockdown measures imposed by the government, severely weakened the Belgian economy in 2020. The publisher estimates that the Belgian construction industry contracted by 5.8% in 2020. According to the National Bank of Belgium (NBB), the country’s construction industry contracted by 0.2% year-on-year (YoY) in Q3 2020 and 5.9% in the first nine months of the year. However, the construction industry is expected to recover in 2021 as the government has removed major lockdown restrictions across the country, with the economic outlook expected to improve in 2021. The publisher expects Belgium’s construction industry to grow by 4.9% in 2021.
Construction activities in the country were disrupted as construction companies closed sites in response to the pandemic. In May 2020, the Flemish ministry of Mobility and Public Works announced plans to invest EUR2.2 billion (US$2.5 billion) in 924 minor and major projects. The government expects these projects to help boost the road and hydraulic engineering sector, thereby contributing to the overall economy and construction industry. The publisher expects industry output to register an average annual growth rate of 2.4% over the remaining part of the forecast period.
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 (2016-2020) and forecast (2021-2025) 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 the publisher'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 the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance6 Construction Market Data
3 Context
4 Construction Outlook
5 Key Industry Participants
7 Appendix
List of Tables
List of Figures
