Belgium Construction Trends and Opportunities Market Report 2020 - ResearchAndMarkets.com
The "Construction in Belgium - Key Trends and Opportunities to 2024" report has been added to ResearchAndMarkets.com's offering.
The "Construction in Belgium - Key Trends and Opportunities to 2024" report has been added to ResearchAndMarkets.com's offering.
Prior to the COVID-19 outbreak, the publisher expected Belgium's construction industry to grow by 3.1% in 2020. However, with the emergence of the pandemic and the stringent measures taken by the government to contain the spread of the virus, the construction industry is now set to contract by 4.5% in 2020. Furthermore, downward revisions are likely if activity in the short term is more severely disrupted than currently anticipated.
According to the National Bank of Belgium (NBB), the country's construction industry contracted by 2.6% year-on-year (y-o-y) in the first quarter of 2020, and the construction industry is expected to have contracted further in the second quarter, reflecting the lockdown measures imposed throughout April and May 2020.
Construction activities in the country were disrupted, as construction companies closed sites in response to the pandemic. Since April 2020, however, work has resumed on many projects, including the renovation of the Leopold II tunnel. In May 2020, the Flemish ministry of Mobility and Public Works announced plans to invest EUR2.2 billion (US$2.5 billion) on 924 minor and major projects this year.
The government expects that investments on these projects will help in boosting the road and hydraulic engineering sector, thereby contributing to the overall economy. Thus, over the remaining part of the forecast-period (2021-2024), the publisher expects industry output to register an average annual growth of 2.7%
Scope
- Historical (2015-2019) and forecast (2020-2024) 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
Key Topics Covered:
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
4 Construction Outlook
4.1. All Construction
4.1.1. Outlook
4.1.2. Latest news and developments
4.1.3. Construction Projects Momentum Index
4.2. Commercial Construction
4.3. Industrial Construction
4.4. Infrastructure Construction
4.5. Energy and Utilities Construction
4.6. Institutional Construction
4.7. Residential Construction
5 Key Industry Participants
5.1. Contractors
5.2. Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/rz3muw
View source version on businesswire.com: https://www.businesswire.com/news/home/20201104005363/en/