Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "The Netherlands Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2023-2027" report has been added to ResearchAndMarkets.com's offering.
The Dutch construction industry is expected to grow by 3% in real terms in 2023, owing to an increase in the execution rate of project developments in infrastructure and renewable energy projects, in addition to the government's commitment to investing in transport network projects.
The government set aside EUR4 billion ($4.1 billion) for infrastructure in its 2023 Budget, including EUR2 billion ($2 billion) for railway improvements, EUR1 billion ($1 billion) for roads, EUR500 million ($510.6 billion) for water management, and EUR500 million ($510.6 billion) for waterways. According to Statistics Netherlands (CBS), the construction value add rose by 2.1% year on year (YoY) in Q3 2023, following Y-o-Y growth of 3.3% in Q2 and 6% in Q1 2023.
However, the industry's output is expected to fall by 5.6% in 2024, as a result of ongoing inflationary pressure, supply chain disruptions, and labour shortages, which have resulted in an increasing number of bankruptcies in the country. In November 2023, the CBS reported that the total number of companies declared bankrupt in the country rose by 63.9% YoY in January-2023, totalling 2,688 companies.
Over the remainder of the forecast period, the construction industry is expected to recover and record an annual average growth of 1.9% during 2025-27, aided by investments in transport and renewable energy infrastructure projects. The government intends to reduce greenhouse gas emissions by 49% compared to 1990 levels by 2030 and 95% by 2050.
It is focusing on increasing renewable energy capacity across the country to support this goal. In November 2022, the government set up a fund of EUR35 billion ($35.7 billion) to finance projects that would help the country in its energy transition. Energy and utility developments will have a significant impact on industry output over the forecast period.
According to the Netherlands Environment Agency (PBL), the country expects the share of renewable energy to rise to 85% by 2030, with the government investing in wind turbine infrastructure and estimating that it will be able to generate about 50GW of wind-based energy by 2040.
Scope
- Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in the Netherlands, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
- Outlook
- Latest news and developments
- Construction Projects Momentum Index
4.2 Commercial Construction
- Outlook
- Project analytics
- Latest news and developments
4.3 Industrial Construction
- Outlook
- Project analytics
- Latest news and developments
4.4 Infrastructure Construction
- Outlook
- Project analytics
- Latest news and developments
4.5 Energy and Utilities Construction
- Outlook
- Project analytics
- Latest news and developments
4.6 Institutional Construction
- Outlook
- Project analytics
- Latest news and developments
4.7 Residential Construction
- Outlook
- Project analytics
- Latest news and developments
5 Key Industry Participants
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/atv2o6
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