Key Market Indicators
Belgium's civil engineering sector is on track to see its revenue climb to €15 billion by 2028, up from €13.1 billion in 2023. This represents an average annual growth rate of 2.1%. Since 2010, the market has expanded at an average rate of 4.4% per year. In 2023, Belgium ranked eighth in civil engineering revenue, with the Netherlands slightly ahead at €13.1 billion. The United Kingdom, France, and Spain secured the second, third, and fourth spots, respectively. Belgian civil engineering production is projected to reach €13.9 billion by 2028, starting from €12.2 billion in 2023. The sector is expected to grow at a compound annual growth rate (CAGR) of 2%. Since 2010, the supply side of the market has seen a yearly increase of 3%. In terms of production, Belgium also ranked eighth in 2023, with the Netherlands again just ahead at €12.2 billion. Germany, France, and Spain occupied the second, third, and fourth ranks, respectively.
