Ukraine Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Ukraine Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
Following an annual growth in real terms of 21.7% in 2024, GlobalData expects the construction industry’s growth to slow down to 4.2% in 2025, owing to Russia's prolonged invasion impacts on investment and business activity, coupled with energy shortages due to the destruction of infrastructure and gas production facilities, as well as the continued shortage of labor. In October 2025, the National Bank of Ukraine (NBU) forecasted that Ukraine's real GDP to grow by 1.9% in 2025, downgraded compared to July 2025 forecast of 2.1% growth rate, owing to energy and labor shortages. Growth will also be affected by a decrease in export activities, with the total value of goods exports (measured in US dollars) decline by 4% Year on Year (YoY) in the first eight months of 2025, according to the State Statistics Service of Ukraine. However, the industry growth will be supported by increase in investment in reconstruction projects and the defense complex, coupled with US-Ukrainian Reconstruction Investment Fund.
Over the remainder of the forecast period, GlobalData expects the construction industry in Ukraine to expand by an annual average growth rate of 11.7% during 2026-29, supported by sustained international financial assistance, government investment in critical infrastructure, and ongoing efforts to modernize public services and enhance regional connectivity. In July 2025, the European Commission signed a UAH109.9 billion ($2.5 billion) package of agreement with international and bilateral public financial institutions under the Ukraine Investment Framework, which includes UAH86 billion ($1.96 billion) in loan guarantees and UAH27.7 billion ($631.96 million) in grants. Additionally, in July 2025, European Commission introduced a new European Flagship Fund with an initial capital of UAH10.5 billion ($239.7 million) for the reconstruction of Ukraine which is backed by the European Commission - through the European Investment Bank - France, Germany, Italy and Poland. The fund aims to mobilize UAH23.9 billion ($544.8 million) by 2026.
GlobalData’s Construction in Ukraine - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Ukraine’s construction industry, including -
This report provides a comprehensive analysis of the construction industry in Ukraine. It provides -
Summary
Following an annual growth in real terms of 21.7% in 2024, GlobalData expects the construction industry’s growth to slow down to 4.2% in 2025, owing to Russia's prolonged invasion impacts on investment and business activity, coupled with energy shortages due to the destruction of infrastructure and gas production facilities, as well as the continued shortage of labor. In October 2025, the National Bank of Ukraine (NBU) forecasted that Ukraine's real GDP to grow by 1.9% in 2025, downgraded compared to July 2025 forecast of 2.1% growth rate, owing to energy and labor shortages. Growth will also be affected by a decrease in export activities, with the total value of goods exports (measured in US dollars) decline by 4% Year on Year (YoY) in the first eight months of 2025, according to the State Statistics Service of Ukraine. However, the industry growth will be supported by increase in investment in reconstruction projects and the defense complex, coupled with US-Ukrainian Reconstruction Investment Fund.
Over the remainder of the forecast period, GlobalData expects the construction industry in Ukraine to expand by an annual average growth rate of 11.7% during 2026-29, supported by sustained international financial assistance, government investment in critical infrastructure, and ongoing efforts to modernize public services and enhance regional connectivity. In July 2025, the European Commission signed a UAH109.9 billion ($2.5 billion) package of agreement with international and bilateral public financial institutions under the Ukraine Investment Framework, which includes UAH86 billion ($1.96 billion) in loan guarantees and UAH27.7 billion ($631.96 million) in grants. Additionally, in July 2025, European Commission introduced a new European Flagship Fund with an initial capital of UAH10.5 billion ($239.7 million) for the reconstruction of Ukraine which is backed by the European Commission - through the European Investment Bank - France, Germany, Italy and Poland. The fund aims to mobilize UAH23.9 billion ($544.8 million) by 2026.
GlobalData’s Construction in Ukraine - Key Trends and Opportunities to 2029 (H2 2025) report provides detailed market analysis, information, and insights into Ukraine’s construction industry, including -
- Ukraine’s construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Ukraine’s construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Ukraine. It provides -
- Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Ukraine, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
- Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
- Assess market growth potential at a micro-level with over 600 time-series data forecasts
- Understand the latest industry and market trends
- Formulate and validate business strategies using GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
23 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Appendix
- 6.1 Definitions
- 6.2 CRI Methodology
- 6.3 About GlobalData
- 7 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Ukraine, Top Construction Projects by Value
- Table 3: Ukraine, Construction Output Value (Real, $ Million)
- Table 4: Ukraine, Construction Output Value (Nominal, UAH Billion)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures
- Figure 1: Ukraine, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020-29
- Figure 2: Ukraine, Construction Output Value, by Sector (Real, $ Million), 2020-29
- Figure 3: Eastern Europe & Central Asia, Construction Output (Real % Change), 2023-29
- Figure 4: Ukraine, Construction Output by Sector (Real % Change), 2023-25 and 2026-29
- Figure 5: Ukraine, Construction Value-Add (UAH Million, 2021 Constant Prices)
- Figure 6: Ukraine, Real Estate Activities Value-Add (UAH Million, 2021 Constant Prices)
- Figure 7: Ukraine, Construction Price Index, (To the Corresponding Month of the Previous Year) % Change
- Figure 8: Ukraine, Total Area of Residential Buildings Started (In Thousands, m2)
- Figure 9: Ukraine, House Price Index, % Change YoY
- Figure 10: Ukraine, Total Value of Goods Exports (US$ Million)
- Figure 11: Ukraine, Manufacturing Value-Add (UAH Million, 2021 Constant Prices)
- Figure 12: Ukraine, Wholesale and Retail Trade Value-Add (UAH Million, 2021 Constant Prices)
- Figure 13: Ukraine, Accommodation and Food Service Activities Value-Add (UAH Million, 2021 Constant Prices)
- Figure 14: Ukraine, Construction Projects Pipeline, Value by Stage ($ Million)
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
