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

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $1,495	49 Pages	GlobalData	January, 2025	GBDT19883644

Best Price Guarantee
Price	from $1,495
Length	49 Pages
Publisher	GlobalData
Published Date	January, 2025
SKU	GBDT19883644

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

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)