Research on Construction in the Netherlands – Key Trends and Opportunities to 2024

Source: https://www.researchbymarkets.com/report/construction-in-the-netherlands-key-trends-and-opportunities-to-2024-643358.html

Construction in the Netherlands – Key Trends and Opportunities to 2024

Summary

Prior to the outbreak of Coronavirus (COVID-19), the country’s construction industry was expected to grow by 1.5% in 2020. However, construction activities are expected to be disrupted due to the stringent measures taken by the government to contain the spread of the virus, notably travel restriction from other countries, and as a result, this research now expects construction output to contract by 0.5% in 2020.

In the short term, the industry will continue to be affected by the disruptions caused by the containment measures. Investment in new construction projects will also be limited by the re-allocation of government resources to address the current crisis. If fiscal and monetary policy remain accommodative, there could potentially be a rebound once the virus outbreak subsides. Growth is expected to recover in the industry in 2021, with output expected to expand by 3.1%.

The government is focusing on infrastructure development with an aim to revive the country’s economy. The government plans to spend EUR2.9 billion (US$3.2 billion) on the development and maintenance of the main road network across the country in 2020. The government plans to spend EUR2.6 billion (US$2.9 billion) on upgrading the country’s railway network, while for the main waterway, the government plans to spend EUR1 billion (US$1.1 billion) in 2020. Moreover, the government is providing financial support to revive the country’s economy.

In March 2020, the government launched the NOW1.0 scheme, under which the government provides compensation to companies who lose more than 20% of their turnover between March and May. In May 2020, the government launched NOW2.0 scheme as an extension to NOW1.0 for the period of June to September. To support the cultural sector, the government allocated EUR300 million (US$335.4 million) in March 2020.

According to the Centraal Bureau Voor de Statistiek (CBS), the construction industry recorded the highest number of bankruptcies in the 31st week of 2020 (27th July to 2nd August) due to the outbreak of COVID-19 and weakening economic conditions

This report provides detailed market analysis, information and insights into the Dutch construction industry, including –
– The Dutch construction industry’s growth prospects by market, project type and construction activity
– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Dutch construction industry
– Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

Scope

This report provides a comprehensive analysis of the construction industry in the Netherlands. It provides –
– Historical (2015-2019) and forecast (2020-2024) 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 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 critical and actionable insight.
– Assess business risks, including cost, regulatory and competitive pressures.
– Evaluate competitive risk and success factors.


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