Market Size of Netherlands Transportation Infrastructure Construction Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 29.56 Billion |
Market Size (2029) | USD 38.04 Billion |
CAGR (2024 - 2029) | 5.18 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Netherlands Transportation Infrastructure Construction Market Analysis
The Netherlands Transportation Infrastructure Construction Market size is estimated at USD 29.56 billion in 2024, and is expected to reach USD 38.04 billion by 2029, growing at a CAGR of 5.18% during the forecast period (2024-2029).
- Transportation infrastructure facilitates the movement of public goods in the country. This factor results in an uninterrupted transit and freight services directly contributing to the region’s economy. Thus, governments focus on transportation infrastructure construction to support the overall development goals of the countries. The transportation infrastructure construction in Netherlands is driven by modernization, which involves reforming railways and improving and rebuilding roads, bridges, airports, etc. An increase in urban mobility in Netherlands has created a demand for the construction of more transportation projects
- COVID-19 impacted the transportation sector. The impact is in direct and indirect ways, such as a reduction in transit services, slowing down construction works due to social distancing measures, and disrupted supply chain.
- The increase in government expenditure in transportation infrastructure construction projects, along with the investments in energy-efficient and environmentally sustainable assets, is giving a boost to the Netherlands transportation infrastructure construction market. Investment in large-scale infrastructure projects is one of the key strategies of the Netherlands to promote its economic growth. The government's effort to improve the country's infrastructure will contribute to the growth in construction spending.
- Increasing public investments in Netherlands’s commercial construction sectors is a key market opportunity for the companies operating in the construction of transportation infrastructure. The presence of huge customers is resulting in strong FDI (foreign direct investment) inflows into the country.