The turnover in the construction of bridges and tunnels in Belgium has shown significant variability over the past decade. From 2013 to 2023, the turnover increased substantially from 70.4 million euros to 632.7 million euros. Despite some fluctuations, the overall trend has been one of robust growth, with notable year-on-year increases especially in 2017 (48.89%), 2018 (50.36%), and 2019 (68.92%). The Compound Annual Growth Rate (CAGR) for the past five years stood at 24.55%, reflecting strong market expansion.
Over the last two years, the growth has slowed slightly, with year-on-year increases of 23.48% in 2022 and 15.48% in 2023. Looking forward, the forecast data suggest a more moderate growth rate. The projected CAGR from 2024 to 2028 is 3.7%, pointing to a more stable, albeit slower, growth trajectory. The total sector value is expected to reach 828.8 million euros by 2028, representing a forecasted growth rate of 19.94% over the next five years.
Future trends to watch for in the construction sector include potential technological advancements, increased investment in infrastructure by government bodies, and sustainability initiatives. Monitoring the impact of economic conditions and policy changes will also be critical in forecasting the sector's performance.
