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960772

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

Published: | GlobalData | 49 Pages | Delivery time: 1-2 business days

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Construction in Belgium - Key Trends and Opportunities to 2025 (H2 2021)
Published: August 17, 2021
GlobalData
Content info: 49 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

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.

GlobalData 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 GlobalData'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 GlobalData's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.
Table of Contents
Product Code: GDCN0724MR

Table of Contents

Table of Contents

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 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 GlobalData Construction
  • Contact Us

List of Tables

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: GlobalData Construction Market Definitions
  • Table 20: Risk Dimensions
  • Table 21: Ratings, Scores and Definitions

List of Figures

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)