Summary
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?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players in the industry?
7.2. What are the strengths of leading players?
7.3. What are the disruptive trends impacting the construction industry?
8 Company Profiles
8.1. BESIX Group SA
8.2. Compagnie d'Entreprises CFE SA
8.3. Royal BAM Group NV
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Belgium construction industry value: $ million, 2019-24
Table 2: Belgium construction industry category segmentation: % share, by value, 2019-24
Table 3: Belgium construction industry category segmentation: $ million, 2019-24
Table 4: Belgium construction industry geography segmentation: $ million, 2024
Table 5: Belgium construction industry value forecast: $ million, 2024-29
Table 6: BESIX Group SA: Key Facts
Table 7: BESIX Group SA: Key Employees
Table 8: Compagnie d'Entreprises CFE SA: Key Facts
Table 9: Compagnie d'Entreprises CFE SA: Annual Financial Ratios
Table 10: Compagnie d'Entreprises CFE SA: Key Employees
Table 11: Royal BAM Group NV: Key Facts
Table 12: Royal BAM Group NV: Annual Financial Ratios
Table 13: Royal BAM Group NV: Key Employees
Table 14: Belgium Size of Population (Million), 2020-24
Table 15: Belgium Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 16: Belgium GDP (Current Prices, $ Billion), 2020-24
Table 17: Belgium Inflation, 2020-24
Table 18: Belgium Consumer Price Index (Absolute), 2020-24
Table 19: Belgium Exchange Rate, 2019-24
List of Figures
Figure 1: Belgium construction industry value: $ million, 2019-24
Figure 2: Belgium construction industry category segmentation: $ million, 2019-24
Figure 3: Belgium construction industry geography segmentation: % share, by value, 2024
Figure 4: Belgium construction industry value forecast: $ million, 2024-29
Figure 5: Forces driving competition in the construction industry in Belgium, 2024
Figure 6: Drivers of buyer power in the construction industry in Belgium, 2024
Figure 7: Drivers of supplier power in the construction industry in Belgium, 2024
Figure 8: Factors influencing the likelihood of new entrants in the construction industry in Belgium, 2024
Figure 9: Factors influencing the threat of substitutes in the construction industry in Belgium, 2024
Figure 10: Drivers of degree of rivalry in the construction industry in Belgium, 2024
