These regions have served as epicenters of construction, driven by urbanization and infrastructure advancements. However, economic changes, inflation, and ongoing events have led to a shift in this landscape. In the following discussion, we will explore the implications of these shifts and examine the predictions for these countries.
The Construction Shift in Belgium
Belgium, a cornerstone in the thriving Benelux construction sector, recorded an impressive market size of $103.4 billion in 2022. This growth is foreseen to grow, with an anticipated Average Annual Growth Rate (AAGR) surpassing 2% from 2024 to 2027. The government’s commitment to enhancing energy and transportation infrastructure drives this movement, as planned in the National Energy-Climate Plan 2021-2030. With ambitious goals to increase the share of renewable energy from 13% in 2020 to 17.2% by 2030, Belgium’s construction landscape truly shines as a model of sustainable development.
Predictions of the Construction Industry in the Netherlands
In contrast to the burgeoning construction market in Belgium, the Netherlands presents a somewhat different picture. The housing industry has experienced a decrease, and this year has seen a decline in the construction sector between November 2022 and January 2023. While there are signs of recovery with a growing construction percentage, the outlook remains challenging. Experts anticipate a contraction of 2.5% in Dutch construction output for the upcoming year. As the construction dynamics in the Netherlands continue to evolve, CONSTRO is dedicated to adapting and supporting projects in both thriving and challenging environments, demonstrating our commitment to the broader Benelux region.
The Surge in Demand for Skilled Subcontractors
Despite the varying circumstances in each country, the ongoing transformation within the construction industry continues to amplify the demand for skilled professionals capable of transforming architectural visions into reality. Electricians, in particular, have emerged as professionals who can power and connect our modern world. It‘s necessary to note that across 40-80% of all EU countries, skilled manual trades, including electricians, face severe shortages, including in the region of the mentioned countries. Given the ongoing construction upswing and current labor shortages, it’s evident that subcontractors will continue to be in high demand, playing a pivotal role in shaping the industry’s future. At CONSTRO, we take pride in contributing to this thriving environment. Our skilled subcontractor services, specializing in electrical and welding expertise, align seamlessly with the construction aspirations of both Belgium and the Netherlands. We’re here to support and lead the way in the upcoming growth of subcontracting needs in the dynamic Benelux construction landscape.
As we continue navigating the Benelux construction industry dynamics and beyond, we remain deeply committed to being more than just subcontractors. Our journey in Belgium and the Netherlands is a testament to CONSTRO’s adaptability, expertise, and commitment to quality. We are proud to be part of the construction industry’s growth story in this dynamic region, and we invite you to join us on this exciting journey toward a brighter, more sustainable future in construction.