Belgium Prefabricated Buildings Industry Market Size

Belgium Prefabricated Buildings Market Analysis

The Belgium Prefabricated Buildings Industry is expected to grow from USD 0.99 billion in 2024 to USD 1.37 billion by 2029, at a CAGR of 6.65% during the forecast period (2024-2029).

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.