Belgium Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H2 2026)

Summary

The analyst expects the Belgian construction industry to grow in real terms by 1.6% in 2026, supported by investments in housing, commercial and energy construction projects. According to Belgian statistics office (STATBEL), the investments in water and sewage grew sharply by 35.3% year on year (YoY), followed by electricity, gas, steam and air conditioning supply (16.3% YoY) and construction (0.3% YoY) in Q1 2026. Notably, the second half of 2026 is expected to deliver a stronger performance in the construction industry compared to the first half of 2026 supported by the rollout of scheduled construction works. Considering the projects tracked as of July 2026, there are 60 construction projects across various stages of construction which are scheduled to commence in H2 2026.

The analyst expects the construction industry to register an annual growth of 3.3% from 2027 to 2030, supported by investments in data center, transport infrastructure, industrial and renewable energy utility projects. Investments under the Belgium’s 2021-2030 National Energy and Climate Plan (NECP) which outlines the government’s target of reducing greenhouse-gas emissions by 55% by 2030 relative to 1990 levels, pursuit of climate neutrality by 2050 is also expected to support construction industry output over the forecast period. To support this, in mid-July 2026, the government approved a new regulatory framework for launching the tender for the EUR7 billion ($7.6 billion) 700MW offshore wind farm in Princess Elisabeth Zone. The first phase of the project is expected to be completed by 2031.

The analyst’s Construction in Belgium - Key Trends and Opportunities to 2030 (H2 2026) report provides detailed market analysis, information, and insights into 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 (2021-2025) and forecast (2026-2030) 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 the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

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 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

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), 2021-30
Table 4: Belgium, Top Commercial Construction Projects by Value
Table 5: Belgium, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 6: Belgium, Top Industrial Construction Projects by Value
Table 7: Belgium, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 8: Belgium, Top Infrastructure Construction Projects by Value
Table 9: Belgium, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 10: Belgium, Top Energy and Utilities Construction Projects by Value
Table 11: Belgium, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 12: Belgium, Top Institutional Construction Projects by Value
Table 13: Belgium, Residential Construction Output by Project Type (Real % Change), 2021-30
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: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2024-30
Figure 2: Belgium, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Belgium, Risk Summary
Figure 4: Belgium, Risk Regional Comparison
Figure 5: Belgium, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Belgium, Construction Output Value, by Sector (Real, $ Million), 2021-30
Figure 7: Belgium, Construction Value-add (EUR Million, 2020 Chained Prices), Working Day and Seasonally Adjusted Data
Figure 8: Belgium, Construction Investment (EUR Million), in Nominal Prices
Figure 9: Belgium, Construction production index (2021=100), Unadjusted
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, in % Change YoY
Figure 12: Belgium, Construction Cost Index (2021=100)
Figure 13: Belgium, Employment in Construction (2021=100), in Seasonally and calendar Adjusted terms
Figure 14: Belgium, Wages and Salaries (2021=100), in Seasonally and calendar Adjusted terms
Figure 15: Belgium, Total Number of Bankruptcies in Construction
Figure 16: Belgium, Total Number of Job Losses in Construction
Figure 17: Belgium, Construction Projects Momentum Index
Figure 18: Western Europe, Construction Projects Momentum Index
Figure 19: Belgium, Commercial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 20: Belgium, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 21: Belgium, Wholesale and Retail Trade, Transport, Accommodation and Food Service Activities Value-add (EUR Million, 2020 Chained Prices), Working day and seasonally adjusted data
Figure 22: Belgium, Total Tourist Arrivals (In Thousands)
Figure 23: Belgium, Retail Trade Turnover Value Index (2021=100)
Figure 24: Belgium, Industrial Construction Output by Project Type (Real, $ Million), 2021-30
Figure 25: Belgium, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 26: Belgium, Total Export (EUR Million)
Figure 27: Belgium, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
Figure 28: Belgium, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Belgium, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021-30
Figure 30: Belgium, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 31: Belgium, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 32: Belgium, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Belgium, Human Health and Social Work Activities Value-add (EUR Million, 2020 Chained Prices), Working day and seasonally adjusted data
Figure 34: Belgium, Residential Construction Output by Project Type (Real, $ Million), 2021-30
Figure 35: Belgium, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 36: Belgium, Real Estate Activities Value-add (EUR Million, 2020 Chained Prices), Working day and seasonally adjusted data
Figure 37: Belgium, Total Number of Dwelling Permits Issued
Figure 38: Belgium, Housing Price Index (2025=100), % Change YoY
Figure 39: Belgium, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 40: Belgium, Headquarters of Key Consultants (% of Total Project Pipeline)

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