Market Trends of Ukraine Prefabricated Buildings Industry
This section covers the major market trends shaping the Ukraine Prefabricated Buildings Market according to our research experts:
Labour Force is Decreasing in Ukraine
Prefabricated buildings (also known as prefabs) are the building structures manufactured offsite and transported to the on-site assembly location. This report covers market insights, such as market dynamics, drivers, restraints, opportunities, technological innovation, and its impact, Porter's five forces analysis, and the impact of COVID-19 on the market. In addition, the report also provides company profiles to understand the competitive landscape of the market.
Ukraine's prefabricated buildings industry is segmented by application (residential, commercial, and industrial).
The Impact of COVID-19 on the Prefabricated Buildings Industry
The COVID-19 pandemic had a huge impact on Ukraine's prefabricated buildings industry. Due to lockdown restrictions, many companies stopped their factory production units. Many skilled workers were not available due to the travel restrictions imposed by the government. Projects were delayed or canceled due to financial problems and the non-availability of funds from both company and customer side. Measures were taken to slow the spread of COVID-19 as it hit small- and medium-sized enterprises (SMEs) in the country. The Ukrainian Chamber of Commerce and Industry reported that approximately 700,000 small service businesses were closed, resulting in a loss of 3.5 to 4 million jobs.
In response, the United Nations Industrial Development Organization (UNIDO) joined forces with Ukraine's Ministry for Development of Economy, Trade, and Agriculture in a new initiative to bolster the nation's economic recovery. The focal point of these efforts was the innovative Industry4Ukraine platform, a virtual collaborative space for more than 35 industry associations, clusters, and other stakeholders that share a vision of national industrial development.
