The Belgium Construction Industry: A Detailed Analysis of Market Opportunities and Trends

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The construction market in Belgium is expected to experience significant growth in the coming years, driven by increasing demand for infrastructure development, housing, and commercial projects. ### Key Market Indicators

  • Market size by value: Expected to reach EUR 32.30 billion by 2025, growing at a CAGR of 3.6% annually.
  • Market size by volume: Expected to reach 4.34 billion square meters by 2025, growing at a CAGR of 2.9% annually.
  • Number of units: Expected to grow by 12.2% annually during 2025-2029.

### Economic Indicators
Belgium’s economy has been experiencing robust growth, driven by its strong industrial base, tourism industry, and high standard of living. This growth is expected to continue, with the country’s GDP forecast to grow at a CAGR of 2.3% during 2025-2029. ### Construction Market Segmentation
The construction market in Belgium can be segmented into several categories, including:

  1. Residential building construction: Expected to reach EUR 14.19 billion by 2025, growing at a CAGR of 3.8% annually.
  2. Commercial building construction: Expected to reach EUR 10.35 billion by 2025, growing at a CAGR of 3.5% annually.
  3. Industrial building construction: Expected to reach EUR 2.42 billion by 2025, growing at a CAGR of 2.1% annually.
  4. Institutional building construction: Expected to reach EUR 2.93 billion by 2025, growing at a CAGR of 2.5% annually.

### Green Building Construction
The construction market in Belgium is also expected to see significant growth in the green building segment, driven by increasing demand for sustainable and environmentally friendly buildings.

  1. Residential green building construction: Expected to reach EUR 1.73 billion by 2025, growing at a CAGR of 4.1% annually.
  2. Commercial green building construction: Expected to reach EUR 1.55 billion by 2025, growing at a CAGR of 4.5% annually.
  3. Industrial green building construction: Expected to reach EUR 340 million by 2025, growing at a CAGR of 3.1% annually.

### Infrastructure Construction
The infrastructure construction segment is expected to drive growth in the construction market in Belgium, driven by increasing demand for transportation infrastructure, utilities, and other infrastructure projects.

  1. Marine and inland water infrastructure: Expected to reach EUR 2.35 billion by 2025, growing at a CAGR of 2.4% annually.
  2. Utility system construction: Expected to reach EUR 3.45 billion by 2025, growing at a CAGR of 3.1% annually.
  3. Transportation infrastructure: Expected to reach EUR 5.35 billion by 2025, growing at a CAGR of 2.6% annually.

### Construction Cost Structure Analysis
The construction cost structure analysis is expected to show significant variations in costs by type, with material costs expected to dominate the total construction cost.

  1. Material cost: Expected to reach EUR 18.15 billion by 2025, growing at a CAGR of 2.2% annually.
  2. Labour cost: Expected to reach EUR 10.25 billion by 2025, growing at a CAGR of 2.1% annually.

The construction market in Belgium is expected to experience significant growth in the coming years, driven by increasing demand for infrastructure development, housing, and commercial projects. The market is expected to see significant growth in the green building segment, driven by increasing demand for sustainable and environmentally friendly buildings. The infrastructure construction segment is also expected to drive growth, driven by increasing demand for transportation infrastructure, utilities, and other infrastructure projects. The construction cost structure analysis is expected to show significant variations in costs by type, with material costs expected to dominate the total construction cost. The market is expected to see significant growth in the coming years, driven by increasing demand for infrastructure development, housing, and commercial projects.

Key Cities Construction Value

The construction market in Belgium is expected to see significant growth in major cities, driven by increasing demand for infrastructure development, housing, and commercial projects.

  1. Brussels: Expected to reach EUR 8.45 billion by 2025, growing at a CAGR of 3.9% annually.
  2. Antwerp: Expected to reach EUR 3.15 billion by 2025, growing at a CAGR of 4.1% annually.
  3. Ghent: Expected to reach EUR 2.45 billion by 2025, growing at a CAGR of 3.7% annually.

City-Level Trend Analysis

The city-level trend analysis is expected to show significant variations in construction activity, with Brussels expected to see the highest growth.

  1. Brussels: Expected to see a growth rate of 4.5% annually during 2025-2029.
  2. Antwerp: Expected to see a growth rate of 4.2% annually during 2025-2029.
  3. Ghent: Expected to see a growth rate of 3.8% annually during 2025-2029.

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Contact ResearchAndMarkets.com at press@researchandmarkets.com for more information about the report. The article aims to provide an in-depth analysis of the construction market in Belgium, including key market indicators, economic indicators, construction market segmentation, green building construction, infrastructure construction, construction cost structure analysis, key cities construction value, city-level trend analysis, and more. The article also provides information about the company that published the report and its contact information.

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