Construction in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Construction market includes both residential and non-residential construction. Market value refers to the total output value of construction activity in a specific year. Construction output value is defined as the total value of construction activity in any given period, including costs related to all materials, equipment, and services used.
- The Belgian construction industry recorded revenues of $127.2 billion in 2024, representing a compound annual growth rate (CAGR) of 5.7% between 2019 and 2024.
- The non-residential segment accounted for the industry's largest proportion in 2024, with total revenues of $77.9 billion, equivalent to 61.3% of the industry's overall value.
- In 2024, the Belgian construction industry recorded an annual growth of 3.5%, primarily due to the increase in final household consumption expenditure on housing per household, reflecting changing living standards and preferences. In 2024, Belgian households continued to prioritize spending on modern housing, energy-efficient upgrades, and home improvements, driven by both rising incomes and favorable mortgage conditions. According to the National Bank of Belgium Online Statistics, in 2024, the final household consumption expenditure on housing per household in Belgium reached $20,808.9, up 2.6% annually.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the construction market in Belgium
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the construction market in Belgium
- Leading company profiles reveal details of key construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Belgium construction market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Belgium construction market by value in 2024?
- What will be the size of the Belgium construction market in 2029?
- What factors are affecting the strength of competition in the Belgium construction market?
- How has the market performed over the last five years?
- How large is Belgium’s construction market in relation to its regional counterparts?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BESIX Group SA
- Compagnie d'Entreprises CFE SA
- Royal BAM Group NV
