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Albany, NY -- (SBWire) -- 12/15/2017 --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 governments investments in nuclear power plants and high-speed internet infrastructure also supported growth during the review period (20122016).

Over the forecast period (20172021), 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 countrys total electricity consumption from renewable sources by 2020, compared to 7.9% in 2015.

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According to the National Bank of Belgium (NBB), the countrys 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 JanuaryAugust 2016 to 99.0 in JanuaryAugust 2017.

The industrys 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
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.

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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 industrys 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 countrys 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 JanuaryAugust 2016 to 104.6 in JanuaryAugust 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 (20152020). 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 governments 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 governments 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.