Belgium Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2030 (H1 2026)

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Published: February 16, 2026 Report Code: GDCN1789MR-ST

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The construction industry in Belgium is expected to grow in real terms by 1.6% in 2026, supported by investments in energy and commercial construction projects. According to the Belgian statistics office STATBEL (Statistics Belgium), the construction production index rose by 0.6% year-on-year (YoY) in the first ten months of 2025, preceded by an annual decline of 1.1% in 2024. However, elevated construction costs, weakness in the building construction activities, and rising bankruptcies in the construction industry could pose challenges in the upcoming quarters. According to Statbel, the number of bankruptcies in the construction industry rose by 6% YoY in the first eleven months of 2025, increasing from 2,383 in January–November 2024 to 2,525 in January– November 2025. In November 2025 alone, the construction industry registered 218 bankruptcies, marking a 9% growth compared to 200 bankruptcies registered in November 2024.

GlobalData expects the Belgian construction industry to register an annual average growth of 3.3% from 2027 to 2030, supported by public and private sector investments in electricity infrastructure, coupled with the government’s aim to increase the share of renewable energy in its total gross fixed energy consumption from 13% in 2020 to 17.5% by 2030. Among recent developments, in December 2025, Nhoa Energy, Italy based energy company, secured a contract from Engie SA, France based energy company, to develop a new 80MW Battery Energy Storage System (BESS) at ENGIE’s Drogenbos power station near Brussels. The new BESS will include development of 88 battery containers and will deliver grid flexibility, support renewable energy integration, and enhance national grid stability. The construction works will start in March 2026, with completion targeted by September 2027.

GlobalData’s Construction in Belgium – Key Trends and Opportunities to 2030 (H1 2026) 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 (2021–2025) and forecast (2026–2030) 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 our 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 business strategies 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

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 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

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Belgium, Key Economic Indicators

Table 3: Belgium, Commercial Construction Output by Project Type (Real % Change), 2021–30

Table 4: Belgium, Top Commercial Construction Projects by Value

Table 5: Belgium, Industrial Construction Output by Project Type (Real % Change), 2021–30

Table 6: Belgium, Top Industrial Construction Projects by Value

Table 7: Belgium, Infrastructure Construction Output by Project Type (Real % Change), 2021–30

Table 8: Belgium, Top Infrastructure Construction Projects by Value

Table 9: Belgium, Energy and Utilities Construction Output by Project Type (Real % Change), 2021–30

Table 10: Belgium, Top Energy and Utilities Construction Projects by Value

Table 11: Belgium, Institutional Construction Output by Project Type (Real % Change), 2021–30

Table 12: Belgium, Top Institutional Construction Projects by Value

Table 13: Belgium, Residential Construction Output by Project Type (Real % Change), 2021–30

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, $ Million)

Table 18: Belgium Construction Output Value (Nominal, EUR Million)

Table 19: GlobalData Construction Market Definitions

Table 20: GlobalData Construction Market Definitions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Western Europe, Construction Output (Real % Change), 2024–30

Figure 2: Belgium, Construction Output by Sector (Real % Change), 2024–26 and 2027–30

Figure 3: Belgium, Risk Summary

Figure 4: Belgium, Risk Regional Comparison

Figure 5: Belgium, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021–30

Figure 6: Belgium, Construction Output Value, by Sector (Real, $ Million), 2021–30

Figure 7: Belgium, Construction Value-add (EUR Million, 2020 Chained Prices)

Figure 8: Belgium, Construction Investment (EUR Million)

Figure 9: Belgium, Construction Production Index (2015=100)

Figure 10: Belgium, Gross Fixed Capital Formation (EUR Million), 2020 Chained Prices, Working Day and Seasonally Adjusted

Figure 11: Belgium, Total Number of New Building Permits Issued

Figure 12: Belgium, Construction Cost Index (2021=100)

Figure 13: Belgium, Domestic Employment in Construction (In Thousands)

Figure 14: Belgium, Construction Cost Index (2020=100)

Figure 15: Belgium, Total Number of Bankruptcies in Construction

Figure 16: Belgium, Total Number of Job Losses in Construction

Figure 17: Belgium, Construction Projects Momentum Index

Figure 18: Western Europe, Construction Projects Momentum Index

Figure 19: Belgium, Commercial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 20: Belgium, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 21: Belgium, Retail Trade Turnover Value Index (2021=100)

Figure 22: Belgium, Wholesale and Retail Trade, Transport, Accommodation and Food Service Activities Value-add (EUR Million, 2020 Chained Prices)

Figure 23: Belgium, Total Tourist Arrivals (In Thousands)

Figure 24: Belgium, Industrial Construction Output by Project Type (Real, $ Million), 2021–30

Figure 25: Belgium, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 26: Industrial and Manufacturing Production Indices, Seasonally Adjusted, 2021=100

Figure 27: Belgium, Total Export (EUR Million)

Figure 28: Belgium, Infrastructure Construction Output by Project Type (Real, $ Million), 2021–30

Figure 29: Belgium, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 30: Belgium, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2021–30

Figure 31: Belgium, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Belgium, Institutional Construction Output by Project Type (Real, $ Million), 2021–30

Figure 33: Belgium, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: Belgium, Human Health and Social Work Activities Value-add (EUR Million, 2020 Chained Prices)

Figure 35: Belgium, Residential Construction Output by Project Type (Real, $ Million), 2021–30

Figure 36: Belgium, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 37: Belgium, Real Estate Activities Value-add (EUR Million, 2020 Chained Prices)

Figure 38: Belgium, Total Number of Dwelling Permits Issued

Figure 39: Belgium, Housing Price Index (2015=100)

Figure 40: Belgium, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 41: Belgium, Headquarters of Key Consultants (% of Total Project Pipeline)

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