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The Belgium prefabricated buildings industry is expected to grow at a CAGR of over 4% during the forecasted period. Space constraints in big cities, high profitability, increased demand for high-end and customized buildings are the driving factors of the prefabricated buildings industry.
The COVID-19 pandemic has brought serious uncertainty to many suppliers and contractors in the Belgium construction industry. Due to the blockade, some construction companies were forced to close their projects, while others witnessed delays in their projects. Due to COVID-19, only a few general construction sites were open, and the productivity of these sites was near 20% of the total planned daily output level. However, unlike remote construction, traditional buildings require a lot of labor, so choosing prefabricated buildings has become the best solution to avoid the spread of diseases.
Steel is the most widely used material in prefabricated construction in Belgium owing to its proven strength and durability. Although the residential sector in the area dominates, the demand for prefabricated parts in the non-residential sector is slightly higher. This is because commercial spaces such as shopping malls and hospitals need to be built quickly. Due to its lightweight, ductility, and recyclability, steel structures are used in prefabricated buildings at a high rate. These reconstructions are highly recognized in the architectural field because they can absorb wind turbulence and provide high resilience during earthquakes.
Scope of the Report
Prefabricated buildings (also known as prefabs) are the building structures manufactured offsite and transported to the on-site assembly location. This report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation, and its impact, porter's five forces analysis, and the impact of COVID-19 on the market. In addition, the report also provides company profiles to understand the competitive landscape of the market.
Belgium's Prefabricated Buildings Industry is segmented by Application (Residential, Commercial, and Industrial).
Key Market Trends
Labour Costs in Belgium has increased in 2020
The construction market (supplier side) remains highly competitive and is saturated with sophisticated players. As a result, labor costs remain high and margins low for contractors, pushing general contractors to cut back on their own Belgian labor force and work more and more with foreign subcontractors. Labor costs consist of wages & salaries and non-wage costs (e.g. employers' social contributions). Due to COVID-19 restrictions and lockdown imposed by the government, there is a shortage of labor force in Belgium. The labor force is an essential factor for Belgium's housing construction market. Belgium's labor productivity improved by 1.83 % YoY in March 2021, compared with a drop of 4.02 % in the previous quarter. The country's labor force participation rate dropped to 68.47 % in December 2020.
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Increase in demand for prefabricated houses in Belgium
There is an increase in demand for prefabricated houses in Belgium due to the increase in population and the increasing urbanization in the country. Belgium is Europe's most urbanized nation. In 2019, 98.04 percent of Belgium's total population lived in urban areas and cities. Due to the increase in the urban population in the country, there is demand for new residential houses. The urban population is increasing due to increasing job opportunities and the easy availability of sources in the urban areas.
Belgium has one city (region), Brussels, with a population of over 1.1 million. Other major cities are Antwerp (508,000 population), Ghent (249,000 population), Charleroi (204,000 population) and Liege (196,000 population). They are followed by a lot of medium-sized cities.
Belgium's prefabricated building industry is relatively fragmented. Several domestic and international players are active in the Belgium prefabricated building industry. The competition is expected to intensify further with an increase in product extensions, technological innovations, and M&A. The market is expected to grow during the forecast period due to the increase in the prefabricated construction building investments and upcoming major projects in the country and other few factors are driving the market.
Companies are using eco-friendly materials and manufacturing techniques to differentiate their offerings from their competitors. The focus on energy efficiency has led to the adoption of energy-absorbing materials such as micro homes. Major players are Containex, Wanty Group, ALHO Systembau, Artes Group, and Mathieu Gijbels.
May 2021: Wanty joined the “Bouwteam” for the construction of the RAAL stadium. The RAAL football club has decided to respond to the call for projects from the City of La Louviere for the construction of a new sports arena with 8,600 seats on the Tivoli site. The ambition is to begin construction work in the spring of 2022 so that the stadium can be inaugurated in 2023. Wanty has expressed its intention to assist RAAL in the study, design, and construction of this enclosure which will meet the highest current standards.
April 2021: Sit & Sleep opens the doors of their brand-new store along the Genkersteenweg in Hasselt. The outdated building was demolished and made way for an ultramodern 1,500m² location. The building plans were carried out by construction company Mathieu Gijbels, after a design by the architectural firm Geubbelmans – Andries.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Current Market Scenario
4.2 Technological Trends
4.3 Insights on Supply Chain/Value Chain Analysis of the Prefabricated Buildings Industry
4.4 Brief on Different Structures Used in the Prefabricated Buildings Industry
4.5 Cost Structure Analysis of the Prefabricated Buildings Industry
4.6 Impact of COVID-19 on the Market
4.7 Insights on Different Types of Materials used in Prefabricated Buildings Construction
5. MARKET DYNAMICS
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers / Buyers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry
6. MARKET SEGMENTATION
6.1 By Application
7. COMPETITIVE LANDSCAPE
*List Not Exhaustive
7.2 Company Profiles
7.2.2 Wanty Group
7.2.3 ALHO Systembau
7.2.4 Artes Group
7.2.5 Mathieu Gijbels
7.2.6 Altez Construction Group
7.2.7 Valcke Prefab Beton
7.2.10 HUF Haus*
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
9.1 Marcroeconomic Indicators (GDP breakdown by sector, Contribution of construction to economy, etc.)
9.2 Key Production, Consumption,Exports & import statistics of construction Materials
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Frequently Asked Questions
What is the study period of this market?
The Belgium Prefabricated Buildings Industry market is studied from 2017 - 2026.
What is the growth rate of Belgium Prefabricated Buildings Industry?
The Belgium Prefabricated Buildings Industry is growing at a CAGR of >4% over the next 5 years.
Who are the key players in Belgium Prefabricated Buildings Industry?
Containex, Wanty Group, ALHO Systembau, Artes Group, Mathieu Gijbels are the major companies operating in Belgium Prefabricated Buildings Industry.