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Construction in Belgium - Key Trends and Opportunities to 2025 (H2 2021)

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    Report

  • 49 Pages
  • August 2021
  • Region: Belgium
  • GlobalData
  • ID: 5411835
1h Free Analyst Time
1h Free Analyst Time

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The Belgian construction industry was impacted in 2020, due to the disruptions caused by the Coronavirus (COVID-19) outbreak and the subsequent lockdown measures. The industry contracted by 4.8% in real terms last year, following growth of 4.2% in 2019. However, the industry rebounded in the first quarter of 2021 by registering 5.3% growth year on year (YoY) in Q1 2021 - following four consecutive quarters of contraction - as the government removed major lockdown restrictions across the country. The stronger-than-expected growth in Q1 2021 was supported by significant investments in the housing sector. Moreover, construction activity is expected to accelerate in the next few quarters, supported by higher public spending in infrastructure and clean energy projects, while an improving external environment will boost business confidence in the short term.

The publisher expects the country’s construction industry to grow by 4.9% in 2021 and record an average growth of 2.4% between 2022 and 2025. The industry’s output will be supported by improving investor confidence and investments in transport, renewable energy, residential and commercial infrastructure projects. In June 2021, the European Commission adopted a positive assessment of Belgium's recovery and resilience plan by disbursing EUR5.9 billion (US$5.9 billion) in grants under the Recovery and Resilience Facility (RRF) and EUR2.9 billion (US$3.4 billion) under the Cohesion policy. The industry’s output will also be supported by the government measures to contain the impact of the outbreak on the manufacturing sector, as well as support for businesses to cope with the outbreak by providing guarantees on loans.

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-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 The Publisher's Construction
  • Contact the Publisher

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), 2016-2025
Table 4: Belgium, Top Commercial Construction Projects by Value
Table 5: Belgium, Industrial Construction Output by Project Type (Real % Change), 2016-2025
Table 6: Belgium, Top Industrial Construction Projects by Value
Table 7: Belgium, Infrastructure Construction Output by Project Type (Real % Change), 2016-2025
Table 8: Belgium, Top Infrastructure Construction Projects by Value
Table 9: Belgium, Energy and Utilities Construction Output by Project Type (Real % Change), 2016-2025
Table 10: Belgium, Top Energy and Utilities Construction Projects by Value
Table 11: Belgium, Institutional Construction Output by Project Type (Real % Change), 2016-2025
Table 12: Belgium, Top Institutional Construction Projects by Value
Table 13: Belgium, Residential Construction Output by Project Type (Real % Change), 2016-2025
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, US$ Million)
Table 18: Belgium, Construction Output Value (Nominal, EUR Million)
Table 19: The Publisher's Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: Western Europe, Construction Output (Real % Change), 2021
Figure 2: Belgium, Construction Projects Pipeline by Sector (US$ Billion)
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, US$ Billion, 2017 Prices and Exchange Rate), 2016-2025
Figure 7: Belgium, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
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)
Figure 11: Belgium, Total Number of New Building Permits Issued
Figure 12: Belgium, Number of Unemployed Jobseekers
Figure 13: Western Europe, Construction Projects Momentum Index
Figure 14: Western Europe, Construction Projects Momentum Index
Figure 15: Belgium, Commercial Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 16: Belgium, Commercial Construction Projects Pipeline, Value by Stage (US$ 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, US$ Million), 2016-2025
Figure 21: Belgium, Industrial Construction Projects Pipeline, Value by Stage (US$ 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, US$ Million), 2016-2025
Figure 26: Belgium, Infrastructure Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 27: Belgium, Energy and Utilities Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 28: Belgium, Energy and Utilities Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 29: Belgium, Institutional Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 30: Belgium, Institutional Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 31: Belgium, Residential Construction Output by Project Type (Real, US$ Million), 2016-2025
Figure 32: Belgium, Residential Construction Projects Pipeline, Value by Stage (US$ 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)