PUBLISHED DATE : Mar 2023 | Pages : 109
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Netherlands Construction Equipment Market Research Report includes segments by
The Industry Analysis Report Provides Industry Trends, Drivers, Opportunities, Competitive Outlook, Market Size, Sales, and Growth Forecast for 2023-2029
109 Pages
14 Tables
66 Charts
1 Regions
1 Countries
19 Companies
4 Market Segment
| Report Attribute | Details |
|---|---|
| Market Size (2029) | USD 2.48 Billion |
| Market Size (2022) | USD 1.80 Billion |
| CAGR (2022-2029) | 4.61% |
| MARKET SIZE - VOLUME (2029) | 41,121 Units |
| HISTORIC YEAR | 2020-2021 |
| BASE YEAR | 2022 |
| FORECAST YEAR | 2023-2029 |
| TYPE | Earthmoving Equipment, Road Construction Equipment, and Material Handling Equipment |
| END-USERS | Construction, Manufacturing, Mining, and Others |
| KEY VENDORS | Caterpillar, Hitachi Construction Machinery, Liebherr, Komatsu, Volvo Construction Equipment, Kubota, JCB, SANY, Kobelco, CNH Industrial, and Wacker Neuson |
The Netherlands construction equipment market size was valued at USD 1.80 billion in 2022 and is expected to reach USD 2.48 billion by 2029, growing at a CAGR of 4.61% during the projected period. Increasing government investment under the ‘National Growth Fund’ and rising construction of residential buildings and renewable energy projects are expected to propel market growth. Additionally, USD 1.42 billion would be disbursed from the National Growth Fund to develop artificial intelligence, regenerative medicine, quantum technology, health data infrastructure, and hydrogen/green chemistry. NGF is also expected to contribute USD 97 million to the research program to develop a revolutionary robot lab. The government’s fund' investments in developing the country's public infrastructure are expected to boost the Netherlands construction equipment market. Hutchison Ports and Terminal Investment Limited (TIL) has planned to build a new terminal in the port of Rotterdam. The project will be launched in phases, and the operation is expected to commence in 2027. The total length of the terminal is 2.6 km and will comprise five deep-sea berths.
The Netherlands construction equipment market by volume is expected to reach 41,121 units by 2029. Dutch government’s National Growth Fund (NGF) in 2021 intended an investment valuing USD 19.68 billion to support transport infrastructure, innovation, and R&D in the country between 2021-2025. The government had also set aside USD 3.4 billion of investment for ten projects to promote economic growth in the country. The NGF also aims to support the expansion of Amsterdam’s North-South metro line with an investment of approximately USD 1.48 billion. Gemeente Vervoerbedrijf (GVB), a municipal transport operator in Amsterdam, has announced an investment of USD 515.67 million in the project. The rail infrastructure projects, like the Delft-Schiedam Line upgrade, are supported by an investment of USD 2.46 billion.
The government’s Roadmap for offshore wind energy in 2030 involves adding 3.5 GW of wind energy by 2023 and 7 GW by 2024-2030. Additionally, the Flevonice Solar PV Park project in Flevoland is expected to increase crane sales in the Netherlands construction equipment market. The project is estimated to start its commercial operations in 2023 with an estimated value of USD 33,779 million. The project is supposed to be constructed over 11.8 hectares of land. Geodis has announced the development of a new Venlo warehouse, a 9,000 sq meter facility. The French company has also invested in building a sustainable logistics campus which would be a 130,000-meter square in the country. The expected completion year is 2023. Such growth initiatives by the government are a significant contributor to the growth of the Netherlands construction equipment market.
Investments Under the ‘National Growth Fund’ by the Government Are Expected to Support the Sales of Construction Machinery
Under the transport infrastructure, National Growth Fund has planned to invest in developing and maintaining the public transport infrastructure in regions of The Hague, Zoetermeer, and Rotterdam. Moreover, RegMed XB has declared an investment of USD 55 million for setting up four regenerative medicine plants. To reach the EU’s goal to reduce carbon emissions by 55% by 2030, the Dutch government has stated investments in renewable energy to set up 10.7 GW offshore wind capacity.
Government Focus on Renewable Energy Projects is Expected to Boost the Demand for Construction Equipment
In the year 2020, the Dutch government claimed that by the year 2050 Netherlands' total energy would be retrieved from sustainable sources. It confirmed that, at a minimum, 4.5 GW of offshore wind turbines would be operational by 2023. The government aims to become fully independent in producing energy; in Q4 2022 announced the construction of five wind farms in the Borssele wind farm zone, which is 18.5 km from Zuid-Holland and Noord-Holland. Development of some major wind turbine projects in the country, for instance, Windplanblauw (constructed in Dronten and Lelystad), are expected to propel the sales of equipment, such as cranes, in the Netherlands construction equipment market.
Incremental Development of New Residential Buildings is Expected to Encourage the Sales of Construction Equipment
In its Recovery & Resilience Facility (RRP), the Netherlands government has planned to liquidate USD 97.54 million a year during the next ten years to supply new homes in the country. The European Construction Industry Federation (FIEC) published that the output in the residential sector will increase by 3.6% in 2021 with a growth rate of 8.9%. The Federation predicted the housing permits to reach 88,000 in 2022 from 77,000 in 2021. In 2021, the Dutch government declared an investment of USD 281.40 million for developing 44,277 new residential buildings in the country. Approximately 64% of these buildings would fall under the affordable housing segment (for first-time buyers and middle-income people). For instance, Amsterdam & Eindhoven would include 4,000 new houses independently, more than 2,000 houses in Utrecht, and 1,500 new homes in Rotterdam.
Additionally, in 2022, the housing minister announced a target of building 900,000 new homes between 2022-2030, amounting to 100,000 units per year. The price of these homes would be quoted below USD 346,274.1. Such factors are anticipated to support the Netherlands construction equipment market growth.
Country’s Tight Labor Market Situation is Expected to Hamper the Development of Construction Projects
According to the Dutch Central Bureau of Statistics (CBS) 2021, the country faces a growing employment crisis as the number of job vacancies has surpassed the number of unemployed people. There were approximately 371,000 jobs vacant in the country during the same period. CBS has also confirmed that 4.9 million people in the country have full-time jobs, and 4.5 million work fewer hours. Technology and IT, construction, production, transport, and logistics are some industries facing labor crises. Additionally, only 15% of construction laborers have returned to the industry since 2008. Moreover, the labor shortage in the Netherlands is expected to hamper the government’s plan to reduce emissions by 60% by 2030 as it will impact the construction of new energy infrastructures, such as the insulation of residential buildings and the installation of renewable power, such as solar panels.
Frequently Asked Questions
How big will be the Netherlands construction equipment market?
The Netherlands construction equipment market size crossed USD 1.80 billion in 2022 and is estimated to reach USD 2.48 billion by 2029.
What is the growth rate of the Netherlands construction equipment market?
Netherlands construction equipment market by value is expected to grow at a CAGR of 4.61% from 2022-2029.
Netherlands construction equipment market can witness the sale of around 41,121 units by 2029.
What are the trends in the Netherlands construction equipment market?
The usage of EU stage V engines in construction equipment to enhance fuel efficiency & prevent harmful emissions and the integration of IoT in the construction equipment is expected to improve the performance of the machinery are some key trends in the Netherlands construction equipment market.
Who are the key players in the Netherlands construction equipment market?
Caterpillar, Hitachi Construction Machinery, Liebherr, Komatsu, Volvo Construction Equipment, Kubota, JCB, SANY, Kobelco, CNH Industrial, and Wacker Neuson are the key players in the Netherlands construction equipment market.
The Netherlands construction equipment market is expected to grow at a CAGR of approximately 4.61% from 2022 to 2029.
The following factors are likely to contribute to the growth of the Netherlands construction equipment market during the forecast period:
Base Year: 2022
Forecast Year: 2023-2029
The report considers the present scenario of the Netherlands construction equipment market and its market dynamics for 2023−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
Key Vendors
Other Prominent Vendors
Distributors Profiles
Segmentation by Type
Section1 – Introduction
• Market Snapshot
• Executive Summary
Section 2 – The Market Overview
Economic Scenario, Foreign Direct Investment, Major Infrastructure Projects
Section 3 – Market Landscape
3.1 Netherlands Construction Equipment Market by Type (Volume & Value)
3.1.1. Earthmoving Equipment
3.1.2. Material Handling Equipment
3.1.3. Road Construction Equipment
3.2 Netherlands Construction Equipment Market by End-User (Volume & Value)
Section 4: Market Dynamics
Market Drivers, Restraints, Trends, Advantages Netherlands, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, COVID-19 Impact
Section 5: Technology Development
Advent of New Technology
Section 6 – Competitive Landscape
Section 7-Quantitative Summary
Section 8 – Report Summary
Section 9 – Report Scope & Definition
Graph-1 Netherlands Construction Equipment Market by Volume 2020–2029 (Unit Sales)
Graph-2 Construction Equipment Market in Netherlands by Type 2022 (% Volume Share)
Graph-3 Netherlands Construction Equipment Market by Volume 2020–2029 (Unit Sales)
Graph-4 Netherlands Construction Equipment Market by Value 2020–2029 ($ MN)
Graph-5 Netherlands Construction Equipment Market by End-user 2022 (%)
Graph-6 Netherlands Construction Equipment Market by Type 2020–2029 (Unit Sales)
Graph-7 GDP Growth & Inflation Y-o-Y 2020–2023 (%)
Graph-8 Volume of Quarterly Exports ($BN)
Graph-9 Value of Inward FDI $MN (2018-2021)
Graph-10 Netherlands Construction Equipment Market by Type (2020-2029) (Unit Sales)
Graph-11 Netherlands Construction Equipment Market by Type 2022 (% Volume Share)
Graph-12 Netherlands Construction Equipment Market by End–User 2020–2029 (Unit Sales)
Graph-13 Netherlands Earthmoving Construction Equipment Market 2020–2029 (Unit Sale)
Graph-14 Netherlands Earthmoving Construction Equipment Market 2020–2029
Graph-15 Netherlands Excavators Construction Equipment Market 2020–2029 (Unit Sales)
Graph-16 Netherlands Excavators Construction Equipment Market 2020–2029 ($ MN)
Graph-17 Netherlands Backhoe Loaders Market 2020–2029 (Unit Sales)
Graph-18 Netherlands Backhoe Loaders Market 2020–2029 ($ MN)
Graph-19 Netherlands Motor Graders Market 2020–2029 (Unit Sales)
Graph-20 Netherlands Motor Graders Market 2020–2029 ($ MN)
Graph-21 Netherlands Other Earthmoving Equipment Market 2020–2029 (Unit Sales)
Graph-22 Netherlands Other Earthmoving Equipment Market 2020–2029 ($ MN)
Graph-23 Netherlands Material Handling Equipment Market 2020–2029 (Unit Sales)
Graph-24 Netherlands Material Handling Equipment Market 2020–2029 ($ MN)
Graph-25 Netherlands Cranes Construction Equipment Market 2020–2029 (Unit Sales)
Graph-26 Netherlands Cranes Construction Equipment Market 2020–2029 ($ MN)
Graph-27 Netherlands Forklifts and Telescopic Handlers Market 2020–2029 (Unit Sales)
Graph-28 Netherlands Forklifts and Telescopic Handlers Market 2020–2029 ($ MN)
Graph-29 Netherlands Aerial Platforms Market 2020–2029 (Unit Sales)
Graph-30 Netherlands Aerial Platforms Market 2020–2029 ($ MN)
Graph-31 Netherlands Road Construction Equipment Market 2020–2029 (Unit Sales)
Graph-32 Netherlands Road Construction Equipment Market 2020–2029 ($ MN)
Graph-33 Netherlands Road Rollers Market 2020–2029 (Unit Sales)
Graph-34 Netherlands Road Rollers Market 2020–2029 ($ MN)
Graph-35 Netherlands Asphalt Pavers Market 2020–2029 (Unit Sales)
Graph-36 Netherlands Asphalt Pavers Market 2020–2029 ($ MN)
Graph-37 Netherlands Construction Equipment Market 2020–2029 (Unit Sales)
Graph-38 Netherlands Construction Equipment Market 2020–2029 ($ MN)
Graph-39 Netherlands Manufacturing Construction Equipment Market 2020–2029 (Unit Sales)
Graph-40 Netherlands Manufacturing Construction Equipment Market 2020–2029 ($ MN)
Graph-41 Netherlands Mining Construction Equipment Market 2020–2029 (Unit Sales)
Graph-42 Netherlands Mining Construction Equipment Market 2020–2029 ($ MN)
Graph-43 Netherlands Others Construction Equipment Market 2020–2029 (Unit Sales)
Graph-44 Netherlands Others Construction Equipment Market 2020–2029 ($ MN)
Graph-45 Number of Housing Permits (2018-2022)
Graph-46 Unemployment Rate % (2018-2021)
Graph-47 Import Value of Construction Equipment from Top 5 Countries 2020 ($ MN)
Graph-48 Export Value of Construction Equipment from Top 5 Countries 2020 ($ MN)
Graph-49 Market Share of Leaders & Other Vendors 2022 (%)
Graph-50 Caterpillar: Total Revenue 2018–2021($ BN)
Graph-51 Caterpillar: Sales by Region 2021 (% Share)
Graph-52 Caterpillar: Total Revenue by Segment 2021 (% Share)
Graph- 53 Hitachi Construction Machinery: Revenue (2019–2021) ($ BN)
Graph-54 Liebherr: Total Revenue 2019–2021 ($ BN)
Graph-55 Liebherr: Revenue by Region 2021 (% Share)
Graph-56 Liebherr: Total Revenue by Product Segment 2021 (% Share)
Graph-57 Komatsu: Consolidated Net Sales 2018–2021 ($ BN)
Graph-58 Komatsu: Construction, Mining, and Utility Equipment Business Sales by Region 2021 (% Share)
Graph-59 Komatsu: Breakdown of Net Sales by Segment 2021 (% Share)
Graph-60 Volvo: Construction Equipment Net Sales2018–2021($ BN)
Graph- 61 Volvo: Share of Net Sales by Market 2021 (% Share)
Graph- 62 Volvo: Share of Net Sales by Segments 2021 (% Share)
Graph- 63 Kubota: Sales 2018-2021 ($BN)
Graph- 64 Kobelco: Net Sales 2018–2021 ($ BN)
Graph- 65 Wacker Neuson: Sales 2018–2021 ($ MN)
Graph- 66 Hyundai Construction Equipment: Revenue 2018–2020 ($BN)
List of Tables:
Table-1 Number & Value of Greenfield Investments in the Country ($MN)
Table-2 Major Infrastructure Projects in the Netherlands
Table-3 Netherlands Construction Equipment Market by Volume 2020–2029 (Volume, Units)
Table-4 Netherlands Construction Equipment by Type 2020–2029 (Volume, Units)
Table-5 Netherlands Earthmoving Equipment Market Size & Forecast by Type (Volume, Units)
Table-6 Netherlands Material Handling Equipment Market Size & Forecast by Type (Volume, Units)
Table-7 Netherlands Road Construction Equipment Market Size & Forecast by Type (Volume, Units)
Table-8 Netherlands Construction Equipment Market Size & Forecast by End-user (Volume, Units)
Table-9 Netherlands Construction Equipment Market by Value 2020–2029 (Value, $ MN)
Table-10 Netherlands Construction Equipment by Type 2020–2029 (Value, $ MN)
Table-11 Netherlands Earthmoving Equipment Market Size & Forecast by Type (Value, $ MN)
Table-12 Netherlands Material Handling Equipment Market Size & Forecast by Type (Value, $ MN)
Table-13 Netherlands Road Construction Equipment Market Size & Forecast by Type (Value, $ MN)
Table-14 Netherlands Construction Equipment Market Size & Forecast by End-user (Value, $ MN)
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