In Belgium, the production value of bridge and tunnel construction has shown significant volatility over the past decade. Starting at 67.7 million euros in 2013, the sector saw fluctuations, reaching a peak of 357.4 million euros in 2019. Notably, 2023 saw the value at 305.8 million euros, marking a decline from the peak.
Year-on-Year variations show peaks and troughs:
- A 34.86% rise in 2014 following a 23.07% drop in 2013.
- 2015 and 2017 highlighted growth over 36% and 46% respectively.
- Major growth of 67.48% in 2019, followed by declines from 2020 onwards.
- Decreases of around 1.74% annually from 2021 to 2023.
The Compound Annual Growth Rate (CAGR) over the past 5 years (2019-2023) is notably at 7.46%. However, future forecasts indicate a steady decline with a 5-year CAGR projected at -1.4% leading to a value of 280 million euros by 2028.
Future Trends to Watch For:
- Impact of policy changes targeting infrastructure development.
- Technological advancements and their integration into construction practices.
- Economic factors influencing public and private investment in large-scale projects.
- Environmental and sustainability considerations impacting construction methods and materials.
