Artificial Intelligence
Outlook on the Netherlands Construction Equipment Market to 2029 – Government Focus on Renewable Energy Projects is Expected to Boost Demand
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Dublin, March 15, 2023 (GLOBE NEWSWIRE) — The “Netherlands Construction Equipment Market – Strategic Assessment & Forecast 2023-2029” report has been added to ResearchAndMarkets.com’s offering.
The Netherlands construction equipment market is expected to grow at a CAGR of approximately 4.61% from 2022 to 2029. 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 for the development of 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 investments stimulated by the government ‘fund’ towards 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.
Key Highlights
- The earthmoving segment accounted for the largest Netherlands construction equipment market share in 2022. In the earthmoving segment, excavators accounted for the largest share in 2022.
- Excavators are used for digging, lifting, earthmoving & drilling. In 2022, the government expects increased investments in residential buildings, roads, and railways to drive the demand for excavators in the Netherlands construction equipment market during the forecast period. The development of the new residential project, The Grace in the Hague, would comprise two towers, one with a height of 180 meters and the other 150 meters tall. The estimated year of completion is 2025. The Grace is expected to provide 1,400 new homes, office spaces, and a bicycle storage room. Van Oord, in 2020, had invested in Netherlands’ first all-electric 20-tonne Caterpillar excavator. Later it also invested in the CAT330 LRE Zline excavators with a battery capacity of 422kWh.
- The Ministry of Infrastructure and Water Management in the year 2021 announced an investment of USD 3.73 billion in 2022 for revamping roads, bridges, railways, and water systems in the country. Boskalis has been assigned to develop two infrastructure projects with an investment of USD 78.86 million. The first project includes the construction of an inland harbor in Spijk with an estimated completion year of 2024.
- Eastern Netherlands has a strong manufacturing industry generating high employment and revenue in the region. The industry attracts a huge number of investments, and exports are higher. The Netherlands contributed 11% to the country’s GDP in 2021.
- Revenue generated by the mining industry in the Netherlands declined to USD 12.07 billion in 2020. Nyrstar, a Belgium-based company, started its zinc extraction operations in Budel, Netherlands. The annual production of zinc is 315,000tpa, and employs approximately 429 people. In 2019, a Dutch firm, FrontMet, along with Venezuelas state-owned mining company CVM, had planned to install a reprocessing plant in the Netherlands to retrieve roughly 3,000 metric tons of nickel.
MARKET TRENDS & DRIVERS
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.
INDUSTRY RESTRAINTS
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 is facing a growing employment crisis as the total 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.
VENDOR LANDSCAPE
- Caterpillar, Volvo Construction Equipment, Liebherr, Kubota, Hitachi Construction Machinery & Komatsu are among the prominent vendors in the Netherlands construction equipment market.
- Caterpillar has the most robust share in the Netherlands construction equipment market. Caterpillar, Volvo CE, Liebherr, &Hitachi Construction Machinery are the market leaders in the country’s market and has a strong distribution network & have a diversified product portfolio.
- Kobelco, JCB & Hyundai Construction Equipment are emerging strong in the Netherlands market. These companies are introducing innovative products to capture the construction equipment industry’s share. For instance, in 2022, Kobelco designed a next-generation equipment SK240SN-11 excavator in the market.
- Major construction equipment manufacturing companies use third-party channels for selling their equipment in the Netherlands construction equipment market. Companies such as Caterpillar, Hitachi Construction Machinery, and Volvo Construction Equipment distribute their products through BOSS Machinery, BIG Machinery, and Holland Machinery.
Key Vendors
- Caterpillar
- Hitachi Construction Machinery
- Liebherr
- Komatsu
- Volvo Construction Equipment
- Kubota
- JCB
- SANY
- Kobelco
- CNH Industrial
- Wacker Neuson
Other Prominent Vendors
- Hyundai Construction Equipment
- Liu Gong
- Manitou
Distributors Profiles
- Holland Machinery
- Pon Cat
- SMT Netherlands
- Boss Machinery
- BIG Machinery
KEY QUESTIONS ANSWERED:
- How big will be the Netherlands construction equipment market?
- What is the growth rate of the Netherlands construction equipment market?
- What is the expected number of construction equipment units sold by 2029 in the Netherlands construction equipment market?
- What are the trends in the Netherlands construction equipment market?
- Who are the key players in the Netherlands construction equipment market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 109 |
| Forecast Period | 2022 – 2029 |
| Estimated Market Value in 2022 | 30701 Unit Sales |
| Forecasted Market Value by 2029 | 41121 Unit Sales |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Netherlands |
Key Topics Covered:
1. Introduction
2. The Market Overview
3. Market Landscape
3.1. Netherlands Construction Equipment Market by Type (Volume & Value)
3.1.1. Earthmoving Equipment
3.1.1.1. Excavator
3.1.1.2. Backhoe Loader
3.1.1.3. Wheeled Loader
3.1.1.4. Other Earth Moving Equipment (Other Loaders, Bulldozer, Trencher, Etc.)
3.1.2. Material Handling Equipment
3.1.2.1. Crane
3.1.2.2. Forklift and Telescopic Handler
3.1.2.3. Aerial Platform (Articulated Boom Lifts, Telescopic Boom Lifts, Scissor Lifts, Etc)
3.1.3. Road Construction Equipment
3.1.3.1. Road Roller
3.1.3.2. Asphalt Paver
3.2. Netherlands Construction Equipment Market by End-User (Volume & Value)
3.2.1. Construction
3.2.2. Mining
3.2.3. Manufacturing
3.2.4. Others (Power Generation, Utilities Municipal Corporations, Oil & Gas, Cargo Handling, Power Generation Plants, Waste Management, Etc)
4. Market Dynamics
4.1. Market Drivers, Restraints, Trends, Advantages Netherlands, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, Covid-19 Impact
5. Technology Development
5.1. Advent of New Technology
6. Competitive Landscape
6.1. Competitive Landscape Overview
6.2. Major Vendors (Caterpillar, Volvo Construction Equipment, Liebherr, Komatsu, Hitachi Construction Machinery, Kubota, Sany, Cnh Industrial, Jcb, Wacker Neuson, Kobelco, Hyundai Construction Equipment, Liugong, Manitou Group)
6.3. Other Prominent Vendors
6.4. Distributors Profile
7. Quantitative Summary
9. Report Scope & Definition
For more information about this report visit https://www.researchandmarkets.com/r/6jzuze
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Artificial Intelligence
Heimdal to Showcase Widest Cybersecurity Tech Stack at Infosecurity Europe 2024
LONDON, May 23, 2024 /PRNewswire/ — Heimdal® is excited to announce its participation in Infosecurity Europe 2024, taking place from 3–4 June 2024 at ExCel London.
Attendees are invited to visit Heimdal’s booth for an exclusive opportunity to engage with industry-leading cybersecurity experts, experience live demonstrations, and enjoy engaging presentations.
Event Highlights
Personalized Experience and Meet & Greet
Visitors to the Heimdal booth will receive a warm welcome and a personalized tour of our latest cybersecurity solutions.
Those attending on the first day will have the unique chance to meet our Chief Enhancement Officer, who will be on hand to give mind penetration tests to guests.
Event Countdown
The countdown to Infosecurity Europe 2024 is underway, and we are thrilled to share this journey with the cybersecurity community. Follow Heimdal’s LinkedIn page to see how you can make the most of the event, with tips, tricks, and promos posted each day: https://www.linkedin.com/company/heimdal-security/ .
As InfoSec emphasizes, “Together, we can rethink the power of infosecurity and discover what that means for you.”
Top Reasons to Visit Heimdal at Infosecurity Europe 2024
1. Take the Mind Penetration Test
Test your security against our Chief Enchantment Officer, a prestigious member of the Inner Magic Circle. Challenge your limits and see if your defenses can withstand his expertise.
2. Face-to-Face Product Demos
Experience Heimdal’s solutions live with our experts. Engage in interactive sessions, ask pressing questions, and get hands-on with our cybersecurity tools.
3. Live Edutainment Shows
Join us for five engaging shows that combine education and entertainment. Learn new cybersecurity tactics from our enthusiastic hosts.
4. Discover Unexpected Solutions
Visit Stand D140 to find innovative solutions you didn’t know you needed. Forge new connections and explore the future of cybersecurity with Heimdal.
Agenda and Speakers
Heimdal’s team will present a series of edutainment shows covering pressing cybersecurity topics:
Value Realization for the Enterprise
Learn to use data-driven evidence for governance alignment, risk mitigation, and security program efficiency. Overcome reporting challenges and enhance your cybersecurity strategy.
Detonating Ransomware LIVE at InfoSec
Analyze 2024 ransomware trends and witness a live ransomware detonation. Gain insights into effective countermeasures to combat this pervasive threat.
Time is of the Essence – Mastering Patch Management
Discover the importance of Patch Management, best practices, and automation strategies to keep your systems secure and efficient.
Navigating Privileged Access: To Admin or Not to Admin?
Explore Privileged Elevation and Delegation Management (PEDM) and understand the strategic impacts of admin rights management with case studies and industry insights.
DNS Security – The First Line of Defense
Understand the critical role of DNS security, address key vulnerabilities, and learn the latest advancements to protect your infrastructure from DNS attacks.
Meet Our Experts
Ross Duncan, Director of Customer Success
Experienced post-sales leader with 15 years of building functions from scratch. Successfully recruited and led teams, delivered major projects, optimized processes, and set business vision at the executive level. Passionate about showcasing value within the customer base.
Imran Rai, Technical Success Manager
Success-focused executive with 20+ years in cybersecurity and IT. Built and led teams, advised C-level executives, and aligned technical needs with business goals. Passionate about staying ahead in technology and security, delivering value at every step.
Join us at Infosecurity Europe 2024 to discover how Heimdal can enhance your cybersecurity posture with innovative solutions and expert guidance.
Learn more here: https://heimdalsecurity.com/infosecurity-europe-2024
Press Contact
Danny Mitchell Head of Content & PR Email: [email protected]: 07999498241
About Heimdal
Founded in Copenhagen, Denmark, in 2014, Heimdal empowers CISOs (Chief Information Security Officers), Security Teams, and IT admins to enhance their SecOps, reduce alert fatigue, and be proactive using one seamless command and control platform.
Heimdal’s award-winning lineup of more than 10 fully integrated cybersecurity solutions spans the entire IT estate, enabling organizations to be proactive, whether remotely or onsite.
This is why their range of products and managed services offers a solution for every challenge, whether at the endpoint or network level, in vulnerability management, privileged access, implementing Zero Trust, thwarting ransomware, preventing BECs, and much more.
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Meet, Greet, and Discover What the Widest Cybersecurity Tech Stack Can Do For You with Heimdal at Stand D140
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Artificial Intelligence
CME Acquires EdTech Innovator Augmental, Leading a New Era of Educational Transformation
DUBAI, United Arab Emirates, May 23, 2024 /PRNewswire/ — CME, an international leader in technology solutions, has announced the acquisition of Augmental, a cutting-edge EdTech company. This strategic partnership combines CME’s technological expertise with Augmental’s innovative tools to transform the education sector.
“This strategic alliance enhances our service offerings and reinforces our commitment to driving digital transformation in education on a global scale. The aim is to ensure that digital solutions remain at the forefront of educational strategies and practices,” said Wissam Youssef, CEO of CME Offshore.
This acquisition represents a pivotal step towards creating a comprehensive ecosystem of educational services and tools. The new entity will offer a fully integrated suite of solutions designed to enhance every aspect of the learning journey and cater to various stakeholders within the educational sector.
The collaboration between CME and Augmental is set to dismantle traditional barriers in education. By leveraging CME’s global network and merging their robust tech infrastructure and exceptional customer support experience with Augmental’s innovative AI-based tools, Augmental, the new EdTech arm of CME, will deliver personalised learning experiences, streamlined content creation and delivery, advanced analytics, and management tools. This partnership will transform educational access and effectiveness on both a regional and global scales.
Existing organizations using CME technologies now have access to an AI-powered LMS with unique features, while companies and training institutions using Augmental LMS are able to expand their tech stack with CME’s solutions.
“Joining CME marks an exciting new chapter for Augmental. It is more than an acquisition; it is a strategic alliance set to elevate the educational journey for learners everywhere. We look forward to continuing our mission to transform education and support our clients with pioneering solutions,” said Paul Barakat Diab, CEO of Augmental.
With a deep understanding of the education market, Augmental’s team brings invaluable expertise to the digital education sector. Their experience is crucial in innovating and developing targeted solutions that address the unique challenges and opportunities within the educational landscape.
Paul Barakat Diab and Elie Nahas, the founders of Augmental, will continue to lead and innovate within the newly formed entity. Their ongoing leadership underscores a shared commitment towards education, combining the strengths of both companies to establish new standards of educational excellence and innovation.
“Education is the cornerstone of progress and growth,” concludes Carole Alsharabati, Founding Partner at CME. “By equipping learners with next-gen tools, we are not just enhancing learning experiences; we are empowering them to shape the future.”
About AugmentalAugmental is an AI-powered, white-labeled learning platform that empowers educational institutions and course creators by offering next-generation personalised learning experiences, intelligent content creation, and data-driven analytics.www.augmental.education
About CMECME is a multinational enterprise offering premium technology services and solutions. Over the years, CME has helped 100+ global clients, including renowned Fortune 500 companies, become leaders in their fields. The company’s end-to-end solutions and comprehensive services cover Enterprise Application Services, Data & Analytics, User Experience, Artificial Intelligence, the Internet of Things, and DevOps. With a skilled team across 8 locations, CME has delivered 300+ innovative and impactful projects, contributing to 8 US Patents and serving 80 million users daily.www.gotocme.com
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Artificial Intelligence
Info-Tech Research Group Reveals Dr Timnit Gebru and Meredith Whittaker to Be Keynote Speakers at LIVE 2024 IT Conference
The annual Info-Tech LIVE conference provides CIOs and IT professionals with practical insights to drive technology-led transformations, impact business outcomes, and accelerate their professional careers over the coming year. The first round of anticipated keynote speakers for the September 2024 conference has been formally announced by the global research and advisory firm.
LONDON, May 23, 2024 /PRNewswire/ — Info-Tech Research Group, a global leader in IT research and advisory, has announced the first two highly anticipated keynote speakers for Info-Tech LIVE 2024: Dr Timnit Gebru and Meredith Whittaker. Info-Tech LIVE 2024 will provide leaders and industry professionals with unparalleled insights into the latest advancements in AI and Exponential IT. The prestigious annual three-day conference, which brings together global CIOs and IT professionals across diverse industries, is scheduled from September 17 to 19, 2024, at the iconic Bellagio in Las Vegas.
Dr Timnit Gebru, a pioneering computer scientist and advocate for ethical AI, is the founder and executive director of the Distributed AI Research Institute (DAIR), focusing on the impact of AI on marginalised communities. Dr Gebru is known for her groundbreaking work on the ethical implications of AI and her advocacy for greater diversity in the tech industry. Meredith Whittaker, a leading voice in AI policy and president of the Signal Foundation, has been instrumental in advancing secure communication technologies and data transparency. As the cofounder of the AI Now Institute, Whittaker’sWhittaker’s efforts have significantly influenced responsible AI practices and major policy reforms.
‘We are excited to welcome Dr Timnit Gebru and Meredith Whittaker as keynote speakers at Info-Tech LIVE 2024,’ says Gord Harrison, senior vice president of research and advisory at Info-Tech Research Group. ‘Their contributions and work in AI and technology ethics will offer our attendees unique perspectives and invaluable insights. By engaging with these influential leaders, participants will gain a deeper understanding of the profound impact of AI and Exponential IT on the future of technology and how to harness these innovations to drive their organisations forward.’
Special Keynote Speakers for LIVE 2024:
Dr Timnit GebruFounder & Executive Director, The Distributed AI Research Institute (DAIR)A trail-blazing computer scientist, Dr. Gebru is renowned for her efforts to reduce the potential negative impacts of AI. As the former co-lead of Google’s Ethical AI research team, Dr Gebru’s departure from Google after authoring a pivotal research paper on the risks of large language models (LLMs) ignited a labour movement, resulting in the formation of the first tech workers union at Google.
Meredith WhittakerPresident, Signal FoundationAs a cofounder of New York University’s AI Now Institute, Whittaker’s work has helped shape global AI policy. During her decade-long tenure at Google, she founded its Open Research Group and cofounded M-Lab, the world’s largest open data source on internet performance. Whittaker gained notable recognition as a key organiser of the Google walkouts and for her role in a protest against Google’s involvement in a military drone AI surveillance program.
‘Through cutting-edge insights and research, this year’s gathering of global experts will address the most pressing opportunities and challenges in today’s tech landscape,’ adds Harrison. ‘We are looking forward to welcoming distinguished CIOs, speakers, and partners to Las Vegas this September. Together, we will explore the future of AI, ethical considerations, and the exponentially evolving landscape of technology.’
Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024.
Updates and new details about speakers, agendas, and exclusive event experiences can be found via LinkedIn and Twitter over the coming months.
Media Passes for Info-Tech LIVE 2024Taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas, this premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to cover the insights presented at Info-Tech LIVE or to gain access to research and expert insights on trending topics, please contact [email protected].
About Info-Tech Research GroupInfo-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organisations.
To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights.
Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact [email protected].
For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.
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