PUBLISHER: GlobalData | PRODUCT CODE: 1089704
PUBLISHER: GlobalData | PRODUCT CODE: 1089704
The construction industry in the Netherlands grew by 2.4% in real terms in 2021, surpassing the real output of the pre-pandemic level of 2019. The Dutch construction industry is expected to continue to expand in 2022, boosted by the government's focus to invest heavily on renewable projects, housing, and transport. According to Statistics Netherlands (CBS), the total number of building permits issued in the country grew by 13.3% in 2021, while the value of orders received by contractors for total buildings contracts rose by 13.4% in 2021. However, the recent surge in construction material prices and high energy costs present major downside risks to the outlook in the coming quarters.
The Dutch construction industry is expected to grow by 2.5% in 2022, before registering an annual average growth rate of 2.4% between 2023 and 2026, supported by public and private investments on the development of residential and renewable energy projects. Strong demand in the housing sector will contribute to steady expansion in the residential buildings sector, which has been bolstered by Woningbouwimpuls (residential building impulse), a government scheme to provide funds to housing projects that would otherwise potentially face financing constraints. In a bid to meet the European Union's (EU) goal of reducing CO2 emissions by 55% by 2030 compared to 1990 levels, the government plans to develop 10.7GW of offshore wind capacity by 2030.
The report provides detailed market analysis, information, and insights into the Dutch construction industry, including -
This report provides a comprehensive analysis of the construction industry in the Netherlands. It provides -