Construction in Belgium - Key Trends and Opportunities to 2021

Published: Dec, 2017 | Pages: 86 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)

Synopsis

The construction industry in Belgium grew by 3.5% in real terms in 2016. This was preceded by an annual growth of 1.5% in 2014 and 3.2% in 2015, driven by government investments in transport, residential and renewable energy infrastructure. The government's investments in nuclear power plants and high-speed internet infrastructure also supported growth during the review period (2012-2016).

Over the forecast period (2017-2021), further growth is expected to be supported by improvements in business confidence, which will drive investment in infrastructure, commercial, residential projects and energy infrastructure. The focus on the development of renewable energy infrastructure is also expected to drive industry growth. The government aims to generate 13% of the country's total electricity consumption from renewable sources by 2020, compared to 7.9% in 2015.

According to the National Bank of Belgium (NBB), the country's average construction production index at 2010 base prices increased by 0.7%, rising from 98.4 in 2015 to 99.1 in 2016. During the first eight months of 2017 (the latest data available at the time of writing), the average construction production index rose by 1.0% compared with the same period in 2016, increasing from 98.0 in January-August 2016 to 99.0 in January-August 2017.

The industry's output value in real terms is anticipated to increase at a CAGR of 2.3% over the forecast period, compared to a CAGR of 1.6% during the review period.

Summary

Timetric's Construction in Belgium - Key Trends and Opportunities to 2021 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, and the risks and opportunities they present to participants in the Belgian construction industry

• Profiles of the leading operators in the Belgian construction industry

Scope

This report provides a comprehensive analysis of the construction industry in Belgium. It provides:

• Historical (2012-2016) and forecast (2017-2021) valuations of the construction industry in Belgium using construction output and value-add methods

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

• Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)

• Detailed profiles of the leading construction companies in Belgium

Reasons To Buy

• Identify and evaluate market opportunities using Timetric'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 Timetric's critical and actionable insight.

• Assess business risks, including cost, regulatory and competitive pressures.

• Evaluate competitive risk and success factors.

Key Highlights

• Timetric expects the residential construction market to retain its leading position over the forecast period, with a share of 47.8% of the industry's total value in 2021. The market is expected to record a forecast-period CAGR of 4.05% in nominal terms, driven by low housing interest rates and increases in residential buildings permits, coupled with rising population and urbanization.

• The government is focusing on the development of rail, road and other transport infrastructure, with an aim to improve regional connectivity, which in turn will drive the growth of the infrastructure construction market over the forecast period. The country's average construction production index at 2010 base prices for civil engineering work increased by 1.8%, rising from 102.6 in 2015 to 104.4 in 2016. Moreover, it increased by 1.8% during the first eight months of 2017 when compared to the same period in 2016, rising from 102.3 in January-August 2016 to 104.6 in January-August 2017.

• To support economic development and growth, the government is focusing on the construction of a high speed broadband network across the country under the Digital Belgium Plan (2015-2020). Under this plan, the government aims to provide an internet connection speed of up to 1.0Gbps to half of all citizens by 2020.

• Timetric expects the energy and utility market to record a forecast period CAGR of 4.62% in nominal terms, driven by the government's investment in electricity power plants and renewable energy infrastructure. In July 2017, the European Investment Bank (EIB) sanctioned a loan of EUR100 million (US$110.6 million) to the Elia, the major transmission system operator, for the period of seven years to expand the electricity network across the country.

• The government's efforts to provide quality education to all sections of the population will support investments in the educational buildings category over the forecast period. In October 2017, the ministry of education announced plans to increase spending on primary education by 30% in 2018. Through this, the government aims to develop primary educational infrastructure in rural areas.

 Table of Contents

1 Executive Summary
2 Industry Outlook
2.1 Commercial Construction
2.2 Industrial Construction
2.3 Infrastructure Construction
2.4 Energy and Utilities Construction
2.5 Institutional Construction
2.6 Residential Construction
3 Key Issues and Developments
4 Market Data Analysis
4.1 Construction Output and Value Add
4.1.1 Construction output by project type
4.1.2 Construction output by cost type
4.1.3 Construction output by activity type
4.1.4 Construction value add by project type
4.2 Commercial Construction
4.2.1 Commercial construction output by project type
4.2.2 Commercial construction output by cost type
4.2.3 Commercial construction output by activity type
4.2.4 Commercial construction value add by project type
4.3 Industrial Construction
4.3.1 Industrial construction output by project type
4.3.2 Industrial construction output by cost type
4.3.3 Industrial construction output by activity type
4.3.4 Industrial construction value add by project type
4.4 Infrastructure Construction
4.4.1 Infrastructure construction output by project type
4.4.2 Infrastructure construction output by cost type
4.4.3 Infrastructure construction output by activity type
4.4.4 Infrastructure construction value add by project type
4.5 Energy and Utilities Construction
4.5.1 Energy and utilities construction output by project type
4.5.2 Energy and utilities construction output by cost type
4.5.3 Energy and utilities construction output by activity type
4.5.4 Energy and utilities construction value add by project type
4.6 Institutional Construction
4.6.1 Institutional construction output by project type
4.6.2 Institutional construction output by cost type
4.6.3 Institutional construction output by activity type
4.6.4 Institutional construction value add by project type
4.7 Residential Construction
4.7.1 Residential construction output by project type
4.7.2 Residential construction output by cost type
4.7.3 Residential construction output by activity type
4.7.4 Residential construction value add by project type
5 Company Profile: BESIX Group SA
5.1 BESIX Group SA - Company Overview
5.2 BESIX Group SA - Business Description
5.3 BESIX Group SA - Main Services
5.4 BESIX Group SA - History
5.5 BESIX Group SA - Company Information
5.5.1 BESIX Group SA - key competitors
5.5.2 BESIX Group SA - key employees
6 Company Profile: Compagnie d'Entreprises CFE SA
6.1 Compagnie d'Entreprises CFE SA - Company Overview
6.2 Compagnie d'Entreprises CFE SA - Business Description
6.3 Compagnie d'Entreprises CFE SA - Main Services
6.4 Compagnie d'Entreprises CFE SA - History
6.5 Compagnie d'Entreprises CFE SA - Company Information
6.5.1 Compagnie d'Entreprises CFE SA - key competitors
6.5.2 Compagnie d'Entreprises CFE SA - key employees
7 Company Profile: Ackermans & Van Haaren NV
7.1 Ackermans & Van Haaren NV - Company Overview
7.2 Ackermans & Van Haaren NV - Business Description
7.3 Ackermans & Van Haaren NV - Main Services
7.4 Ackermans & Van Haaren NV - History
7.5 Ackermans & Van Haaren NV - Company Information
7.5.1 Ackermans & Van Haaren NV - key competitors
7.5.2 Ackermans & Van Haaren NV - key employees
8 Company Profile: De Smet Engineers & Contractors SA
8.1 De Smet Engineers & Contractors SA - Company Overview
8.2 De Smet Engineers & Contractors SA - Main Services
8.3 De Smet Engineers & Contractors SA - History
8.4 De Smet Engineers & Contractors SA - Company Information
8.4.1 De Smet Engineers & Contractors SA - key competitors
8.4.2 De Smet Engineers & Contractors SA - key employees
9 Company Profile: Algemene Aannemingen Van Laere NV
9.1 Algemene Aannemingen Van Laere NV - Company Overview
9.2 Algemene Aannemingen Van Laere NV - Main Services
9.3 Algemene Aannemingen Van Laere NV - History
9.4 Algemene Aannemingen Van Laere NV - Company Information
9.4.1 Algemene Aannemingen Van Laere NV - key competitors
9.4.2 Algemene Aannemingen Van Laere NV - key employees
10 Appendix
10.1 What is this Report About?
10.2 Definitions
10.3 Methodology
10.4 Contact Timetric
10.5 About Timetric
10.6 Timetric's Services
10.7 Disclaimer

List of Tables

Table 1: Belgian Construction Output by Project Type (EUR Million), 2012-2016
Table 2: Belgian Construction Output by Project Type (EUR Million), 2016-2021
Table 3: Belgian Construction Output by Cost Type (EUR Million), 2012-2016
Table 4: Belgian Construction Output by Cost Type (EUR Million), 2016-2021
Table 5: Belgian Construction Output by Activity Type (EUR Million), 2012-2016
Table 6: Belgian Construction Output by Activity Type (EUR Million), 2016-2021
Table 7: Belgian Construction Value Add by Project Type (EUR Million), 2012-2016
Table 8: Belgian Construction Value Add by Project Type (EUR Million), 2016-2021
Table 9: Belgian Commercial Construction Output by Project Type (EUR Million), 2012-2016
Table 10: Belgian Commercial Construction Output by Project Type (EUR Million), 2016-2021
Table 11: Belgian Commercial Construction Output by Cost Type (EUR Million), 2012-2016
Table 12: Belgian Commercial Construction Output by Cost Type (EUR Million), 2016-2021
Table 13: Belgian Commercial Construction Output by Activity Type (EUR Million), 2012-2016
Table 14: Belgian Commercial Construction Output by Activity Type (EUR Million), 2016-2021
Table 15: Belgian Commercial Construction Value Add by Project Type (EUR Million), 2012-2016
Table 16: Belgian Commercial Construction Value Add by Project Type (EUR Million), 2016-2021
Table 17: Belgian Industrial Construction Output by Project Type (EUR Million), 2012-2016
Table 18: Belgian Industrial Construction Output by Project Type (EUR Million), 2016-2021
Table 19: Belgian Industrial Construction Output by Cost Type (EUR Million), 2012-2016
Table 20: Belgian Industrial Construction Output by Cost Type (EUR Million), 2016-2021
Table 21: Belgian Industrial Construction Output by Activity Type (EUR Million), 2012-2016
Table 22: Belgian Industrial Construction Output by Activity Type (EUR Million), 2016-2021
Table 23: Belgian Industrial Construction Value Add by Project Type (EUR Million), 2012-2016
Table 24: Belgian Industrial Construction Value Add by Project Type (EUR Million), 2016-2021
Table 25: Belgian Infrastructure Construction Output by Project Type (EUR Million), 2012-2016
Table 26: Belgian Infrastructure Construction Output by Project Type (EUR Million), 2016-2021
Table 27: Belgian Infrastructure Construction Output by Cost Type (EUR Million), 2012-2016
Table 28: Belgian Infrastructure Construction Output by Cost Type (EUR Million), 2016-2021
Table 29: Belgian Infrastructure Construction Output by Activity Type (EUR Million), 2012-2016
Table 30: Belgian Infrastructure Construction Output by Activity Type (EUR Million), 2016-2021
Table 31: Belgian Infrastructure Construction Value Add by Project Type (EUR Million), 2012-2016
Table 32: Belgian Infrastructure Construction Value Add by Project Type (EUR Million), 2016-2021
Table 33: Belgian Energy and Utilities Construction Output by Project Type (EUR Million), 2012-2016
Table 34: Belgian Energy and Utilities Construction Output by Project Type (EUR Million), 2016-2021
Table 35: Belgian Energy and Utilities Construction Output by Cost Type (EUR Million), 2012-2016
Table 36: Belgian Energy and Utilities Construction Output by Cost Type (EUR Million), 2016-2021
Table 37: Belgian Energy and Utilities Construction Output by Activity Type (EUR Million), 2012-2016
Table 38: Belgian Energy and Utilities Construction Output by Activity Type (EUR Million), 2016-2021
Table 39: Belgian Energy and Utilities Construction Value Add by Project Type (EUR Million), 2012-2016
Table 40: Belgian Energy and Utilities Construction Value Add by Project Type (EUR Million), 2016-2021
Table 41: Belgian Institutional Construction Output by Project Type (EUR Million), 2012-2016
Table 42: Belgian Institutional Construction Output by Project Type (EUR Million), 2016-2021
Table 43: Belgian Institutional Construction Output by Cost Type (EUR Million), 2012-2016
Table 44: Belgian Institutional Construction Output by Cost Type (EUR Million), 2016-2021
Table 45: Belgian Institutional Construction Output by Activity Type (EUR Million), 2012-2016
Table 46: Belgian Institutional Construction Output by Activity Type (EUR Million), 2016-2021
Table 47: Belgian Institutional Construction Value Add by Project Type (EUR Million), 2012-2016
Table 48: Belgian Institutional Construction Value Add by Project Type (EUR Million), 2016-2021
Table 49: Belgian Residential Construction Output by Project Type (EUR Million), 2012-2016
Table 50: Belgian Residential Construction Output by Project Type (EUR Million), 2016-2021
Table 51: Belgian Residential Construction Output by Cost Type (EUR Million), 2012-2016
Table 52: Belgian Residential Construction Output by Cost Type (EUR Million), 2016-2021
Table 53: Belgian Residential Construction Output by Activity Type (EUR Million), 2012-2016
Table 54: Belgian Residential Construction Output by Activity Type (EUR Million), 2016-2021
Table 55: Belgian Residential Construction Value Add by Project Type (EUR Million), 2012-2016
Table 56: Belgian Residential Construction Value Add by Project Type (EUR Million), 2016-2021
Table 57: BESIX Group SA, Key Facts
Table 58: BESIX Group SA, Main Services
Table 59: BESIX Group SA, History
Table 60: BESIX Group SA, Key Employees
Table 61: Compagnie d'Entreprises CFE SA, Key Facts
Table 62: Compagnie d'Entreprises CFE SA, Main Services
Table 63: Compagnie d'Entreprises CFE SA, History
Table 64: Compagnie d'Entreprises CFE SA, Key Employees
Table 65: Ackermans & Van Haaren NV, Key Facts
Table 66: Ackermans & Van Haaren NV, Main Services
Table 67: Ackermans & Van Haaren NV, History
Table 68: Ackermans & Van Haaren NV, Key Employees
Table 69: De Smet Engineers & Contractors SA, Key Facts
Table 70: De Smet Engineers & Contractors SA, Main Services
Table 71: De Smet Engineers & Contractors SA, History
Table 72: De Smet Engineers & Contractors SA, Key Employees
Table 73: Algemene Aannemingen Van Laere NV, Key Facts
Table 74: Algemene Aannemingen Van Laere NV, Main Services
Table 75: Algemene Aannemingen Van Laere NV, History
Table 76: Algemene Aannemingen Van Laere NV, Key Employees
Table 77: Timetric Construction Market Definitions