In 2019, the highest number of bankruptcies due to labor shortages in Japan was recorded in the service industry, which saw approximately 55 companies go bankrupt due to a lack of labor. The second highest figure was observed in the construction industry, in which close to 50 companies went bankrupt for the same reason.

Close to 75 companies of the road transport business in Japan went bankrupt between 2013 and 2019 as a result of labor shortages. Other types of businesses that recorded a high cumulative number of bankruptcies due to a lack of labor during that time period were wooden building construction and elderly care service.

figures regarding tightness in the labor market

In the fiscal year 2024, the number of bankruptcies due to labor shortages in Japan amounted to 309, reaching a decade high. The number of bankruptcies due to a lack of labor increased for the third consecutive year.

This dataset from the Bureau of Labor Statistics provides monthly estimates regarding total employment and unemployment, which together comprise the labor force. Our data extract lists all data published for North Carolina’s counties from January 2019 to the present. This dataset is a comprehensive nationwide representation using estimates derived from the national Current Population Survey (CPS) and American Community Survey 5-year estimates. No disaggregations by demographic or worker characteristics are included in the labor force estimate. Time series reports for each variable (employment, unemployment, and labor force) are available for each geography (county) using the BLS multi-screen data tool. Preliminary estimates are released within 30 days of each month and finalized within another 30 days, resulting in a 2-month data lag. The data is available from BLS for a variety of geographic areas, including states, MSAs, counties, cities and towns, and other census regions.

According to a survey conducted from January to February 2019, a majority of more than 53 percent of businesses in Japan put a focus on cultivating human resources in order to counter labor shortages. Close to 30 percent of companies opted for employing foreign workers.

Out of 185 companies that went bankrupt in Japan due to a shortage of labor in 2019, more than 100 had liabilities of less than 100 million Japanese yen. Companies with a higher amount of liabilities were less likely to go bankrupt due to a lack of labor than companies with a smaller amount of liabilities.

In 2019, a Statista study on labor shortages showed that annually between 2019 and 2030, there is expected to be a increasing net change in the supply of workers with higher education in countries such as Mexico and France, and a decreasing net change in the supply of workers with higher education in countries such as the United States and the United Kingdom.

The construction sector employed over *** million people in the United States in April 2025, which was the highest number since the 21st century. There is a strong correlation between the amount of investment in construction and demand for workers. For example, in the years following the 2008 financial crisis, the value of new construction put in place in the U.S. decreased, which also translated in lower employee numbers in the construction sector. How to improve the job shortage? Many contractors have reported difficulty finding skilled workers recently. However, that has not only been the case in the construction industry, but in many other sectors of the economy too. For example, U.S. restaurants reported shortages in different positions in the past years. Although there are many reasons why workers may quit, in general, an increase in the salaries of construction employees may help in reducing the number of resignations. Worker shortages in Europe The United States is not the only country where companies have been facing these challenges. Thus, the percentage of French infrastructure companies reporting staff shortage peaked in 2019 and 2023. However, there are certain industries that struggle finding new employees more than construction. Social and care work had the highest skilled labor shortages in Germany.

Employment and Social Development Canada (ESDC) uses the models of the Canadian Occupational Projection System (COPS) and the National Occupational Classification (NOC, 2021 version) to develop projections of future trends in the numbers of job openings and job seekers by occupation at the national level. The projections allow for identifying those occupations that may face labour shortage or labour surplus conditions over the medium term. The latest projections cover the 2024 to 2033 period. For more information, explore: Canadian Occupational Projections System – ESDC

The Vietnamese construction industry, currently valued at $69.20 million (2025), exhibits robust growth potential, projected at a Compound Annual Growth Rate (CAGR) of 8.10% from 2025 to 2033. This expansion is fueled by several key drivers. Firstly, significant government investment in infrastructure projects, particularly within transportation (roads, railways, and airports), is creating substantial demand. Secondly, rapid urbanization and a burgeoning middle class are boosting residential construction, with a focus on both affordable housing and high-end developments. Thirdly, the increasing presence of foreign direct investment (FDI) in industrial sectors like manufacturing and technology is stimulating industrial construction activity. While challenges remain, such as potential labor shortages and material price fluctuations, the overall outlook remains positive. The industry's segmentation reveals a diverse landscape. Residential construction constitutes a significant portion of the market, driven by population growth and improved living standards. Commercial construction, encompassing office buildings, shopping malls, and hotels, is also experiencing considerable growth, reflecting Vietnam's economic expansion. Infrastructure development, particularly transportation, is a major contributor to overall market size, with ongoing large-scale projects across the country. Energy and utilities construction, encompassing power plants and renewable energy infrastructure, is also witnessing increased activity, driven by rising energy demand. Key players like Coteccons Construction JSC, Hoa Binh Construction Group JSC, and foreign entities such as Hyundai Engineering & Construction Co Ltd are actively shaping the market's competitive dynamics, driving innovation and efficiency. The regional distribution of projects reflects the nation's developmental priorities, with a strong focus on major cities and industrial hubs. Here's a report description incorporating your specifications. Note that website links for many Vietnamese construction companies are not readily available through standard search engines. I've included placeholders where links would typically go. Construction Industry in Vietnam: A Comprehensive Market Analysis (2019-2033) This comprehensive report provides an in-depth analysis of Vietnam's dynamic construction industry, forecasting market trends and growth opportunities from 2025 to 2033. Based on historical data (2019-2024) and a meticulous assessment of current market conditions, this report serves as an indispensable resource for investors, industry professionals, and anyone seeking to understand the complexities and potential of Vietnam's building sector. The study period covers 2019-2033, with 2025 serving as both the base year and estimated year. Recent developments include: November 2023: COFICO and joint venture partners TVC and Searefico opportunistically attended the Taking Over Singing Ceremony of The New Betalactam Factory that Meets Global GMP Standards for the Investor – DHG Pharmaceutical Joint Stock Company. The project is located at Tan Phu Thanh Industrial Park – Phase 1, Chau Thanh A district, Hau Giang province, with a total project area of about 6 hectares. It is expected that after completion and operation in 2024, the Betalactam factory will meet global GMP standards, requiring high technical specifications in the stages of design, construction, and finishing. This project holds particular significance for the plan to develop high-quality product lines and deliver numerous qualified product lines to replace imported drugs for consumers of DHG Pharma., October 2023: Song Da Corp JSC invested in the implementation of the 500kV circuit 3 line projects (from Quang Trach, Quang Binh, to Pho Noi, Hung Yen) at the Government Headquarters. Deputy Prime Minister Tran Hong Ha requested the Ministry of Industry and Trade to strictly adhere to the specific planning and critical paths (charts) of the project's implementation progress, in accordance with the Prime Minister's direction. According to a report by Vietnam Electricity Group (EVN), the 500 kV line circuit 3 (from Quang Trach, Quang Binh, to Pho Noi, Hung Yen) includes four component projects: Quang Trach - Quynh Luu, Quynh Luu - Thanh Hoa, Nam Dinh 1 - Thanh Hoa, and Nam Dinh 1 - Pho Noi.. Key drivers for this market are: Urbanization and population growth, Government policies and Foreign Investnents. Potential restraints include: Skilled Labor Shortage, Material Price Fluctuations. Notable trends are: Government plans to develop Infrastructure driving the Construction Market.

In 2019, a Statista study on labor shortages showed that between 2019 and 2030, there is a total of 4.05 million net change expected in the supply of workers with higher education in the United States. Similarly, a net change of 8.68 million is excepted in the supply of workers in Mexico, which is the highest change seen in the selected countries' workforces.

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Home Renovation Market Size 2025-2029

The home renovation market size is forecast to increase by USD 83 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the global trend of rapid urbanization and the increasing focus on enhancing living spaces through technology. One of the most notable trends shaping this market is the adoption of Artificial Intelligence (AI) in home improvement projects. This technological advancement offers numerous benefits, including energy efficiency, personalized living experiences, and improved home security. However, the market faces a major challenge In the form of a shortage of skilled labor, which can lead to project delays and increased costs for homeowners. To capitalize on this market opportunity, companies must focus on innovative solutions that address the labor shortage, such as pre-fabricated renovation kits or partnerships with local training programs. This market continues to experience steady growth, driven by the desire for modern living standards, improved environmental performance, and the integration of smart home technologies.
Additionally, investing in AI-powered tools and services can provide a competitive edge, enabling companies to offer more efficient and personalized renovation services to meet the evolving demands of consumers. Overall, the market presents a promising landscape for growth, with opportunities for companies that can effectively navigate the challenges and leverage technological advancements to meet the needs of the urbanizing population.

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The residential remodeling market encompasses various activities repairing broken structures, and weather sealing. Sustainable trends, such as the use of green remodeling products and sustainable building materials, are gaining traction as consumers become increasingly environmentally aware and conscious of their carbon footprints. New trends In the market include the adoption of 3D rendering software for virtual home design, structural glazing for enhanced temperature control, and the integration of solar panels for energy efficiency.
Economic slowdowns and reduced disposable income have led to project budgets being carefully considered, resulting in increased focus on labor costs and supply chain disruptions. Old buildings are being repurposed and renovated, with a focus on preserving their historical character while incorporating modern amenities. New flooring, lighting systems, insulating glass, and electrical & insulation upgrades are popular choices for homeowners seeking to enhance their living spaces. Government incentives and homeowner budgets are also driving the market, with a particular emphasis on energy-efficient windows and green buildings. Despite these trends, the market faces challenges, including labor shortages and rising material costs, which can impact construction expenditure.
The novel coronavirus pandemic has also disrupted the supply chain, leading to delays and increased costs for many projects. Overall, the residential remodeling market is expected to continue growing, driven by a combination of consumer demand and government incentives, as well as advancements in technology and sustainable building materials.

How is this Home Renovation Industry segmented?

The home renovation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Professional renovation
  Do-It-Yourself (DIY) renovation


Application

  Kitchen renovation
  Bathroom renovation
  Exterior renovation
  Bedroom renovation
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

By Type Insights

The professional renovation segment is estimated to witness significant growth during the forecast period.

Professional home renovation services offer homeowners customized solutions for complex projects, ensuring high-quality results that meet specific aesthetic and functional requirements. These services encompass a range of tasks, from structural changes to intricate design solutions, executed with precision and care. Key features include specialized skills, custom design solutions, time efficiency, and regulatory compliance. Professionals manage tasks such as HVAC upgrades, electrical rewiring, plumbing system improvements, and energy efficiency upgrades using sustainable materials and modern home design trends. Safety enhancements and smart home technology installations are also common, along with home renovation inspiration and remodel

The Turkish commercial construction industry, encompassing office, retail, hospitality, and institutional building projects, presents a robust growth trajectory. With a market size exceeding a certain value (precise figure unavailable, requiring further research for accurate estimation) in 2025, and a Compound Annual Growth Rate (CAGR) exceeding 5%, the sector is poised for significant expansion through 2033. This growth is fueled by several key drivers, including increasing urbanization within Turkey, rising disposable incomes leading to higher consumer spending in retail and hospitality, and government initiatives supporting infrastructure development. The ongoing expansion of major Turkish cities like Istanbul and Ankara, coupled with a growing tourism sector, contributes substantially to the demand for new commercial spaces. Furthermore, a burgeoning middle class and rising foreign direct investment are further bolstering the sector's prospects. However, potential restraints include economic volatility, fluctuations in construction material costs, and potential labor shortages. The market is segmented across various project types, with office building construction likely holding a significant share, followed by retail and hospitality, depending on current economic conditions and investor confidence. Leading players like Rönesans Holding, Albayrak Group, and ENKA İnsaat are strategically positioned to capitalize on these market opportunities. The forecast period suggests continued expansion, indicating a promising investment landscape for both domestic and international players. The segment breakdown within the Turkish commercial construction market shows a dynamic landscape. While precise market share data for each segment is currently unavailable (requiring additional research), a reasonable estimation, based on observed market trends and industry knowledge, can be provided. Office building construction, driven by both corporate expansion and the rising need for modern workspaces, is projected to hold a significant share. The hospitality sector, boosted by Turkey's growing tourism appeal, is anticipated to exhibit strong growth. Retail construction will likely follow similar trends influenced by consumer spending and evolving retail models. Institutional construction, comprising projects like schools and hospitals, will experience growth driven by government investment. The "Others" segment encompasses various smaller-scale projects, adding to the overall market size. Competition within this industry is fierce, with established players continually adapting to maintain market share in this evolving and growing sector. Comprehensive Coverage Turkey Commercial Construction Industry Report (2019-2033) This in-depth report provides a comprehensive analysis of the Turkey commercial construction industry, covering the period from 2019 to 2033. With a base year of 2025 and a forecast period extending to 2033, this report offers invaluable insights into market trends, key players, and future growth prospects. The study utilizes data from the historical period (2019-2024) to build a robust foundation for its projections. Key search terms include: Turkey construction market, Turkish commercial real estate, Istanbul construction projects, Ankara construction, Turkish construction companies, hospital construction Turkey, retail construction Turkey. Recent developments include: December 2022: The European Bank for Reconstruction and Development (EBRD) will provide a long-term convertible loan of EUR 75 million (USD 79.5 million) to a subsidiary of Turkey's Ronesans Holding for hospital infrastructure investment. Ronesans Saglik Yatirim, the unit of the conglomerate that runs hospitals, will undertake to complete the newly acquired hospital project in their portfolio. Rönesans currently has five operational hospital projects in progress, with a combined construction area of 3.2 million m2 and a total capacity of 7,100 beds. Once all of these projects have been completed, Rönesans will reach a total capacity of 9,000 beds., August 2022: Construction of a new stadium has just begun in the Turkish capital, on the site of Ankara 19 Mayıs Stadyumu, which was demolished in 2018. The venue was originally planned to have a capacity of 55,000 spectators. However, the project has been skimmed and the arena will ultimately be able to accommodate 45,000 people.On June 13 2022, a deal was signed with the contractor, which became a consortium of Yıldızlar Grup and ASL İnşaat. The value of the contract is TRY 4.52 billion (USD 0.24 billion), all coming from public funds. Construction of the stadium is expected to be completed by 2025 at the latest. The auditorium will consist of high, two-tier stands, surrounding the pitch on all sides.. Key drivers for this market are: Office Space Demand Fuelling the Market Growth of Commercial Construction, Growing Retail Sector to Support the Market Development in the Turkey. Potential restraints include: Shortage of Skilled Labour in the Construction Industry, Complex architectural designs or unique project requirements can pose restraints.. Notable trends are: Office Space Demand Fuelling the Market Growth.

Bulgaria Business Survey: Mfg: Limitation Factors: Shortage of Skilled Labour data was reported at 29.400 % in Apr 2025. This records a decrease from the previous number of 30.700 % for Mar 2025. Bulgaria Business Survey: Mfg: Limitation Factors: Shortage of Skilled Labour data is updated monthly, averaging 11.500 % from Jan 1998 (Median) to Apr 2025, with 328 observations. The data reached an all-time high of 37.000 % in Mar 2019 and a record low of 0.100 % in Jan 2000. Bulgaria Business Survey: Mfg: Limitation Factors: Shortage of Skilled Labour data remains active status in CEIC and is reported by National Statistical Institute. The data is categorized under Global Database’s Bulgaria – Table BG.S002: Business Survey: Manufacturing.

Additional file 4: Missing data in Rural Health Statistics (RHS). Missing data in the Rural Health Statistics 2019 with variable names and states given.

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Combine Harvester Market Size 2025-2029

The combine harvester market size is forecast to increase by USD 25.22 billion at a CAGR of 9.7% between 2024 and 2029.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the farm labor shortage in the agriculture sector, leading farmers to invest in automated and efficient harvesting solutions. The integration of advanced technologies, such as artificial intelligence, geographic information systems, drones, and remote sensing, into agriculture is driving market growth. Another trend shaping the market is the integration of advanced technology in combine harvesters, such as GPS and autonomous steering, which enhance productivity and reduce operational costs. However, the market is also faced with challenges, including the volatility in raw material prices of combine harvesters, which can impact the affordability of these machines for farmers. Overall, the market is expected to witness steady growth in the coming years as farmers seek to optimize their operations and increase yields in an increasingly competitive agricultural landscape.

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The market encompasses machinery utilized for the combined operations of reaping, threshing, winnowing, and cleaning cereals, grains, vegetables, and fruits during agricultural production. This market experiences significant growth due to increasing global population demands for food products, automation trends in farming, and the need to reduce labor requirements.



Advanced technology integration, such as GPS and yield monitoring, enhances efficiency and productivity. The market's expansion is further driven by the versatility of combine harvesters to process various crops, including cereals, grains, and vegetables. Track combine harvesters enable real-time monitoring and optimization of farming operations, contributing to the market's continuous growth.

How is this Combine Harvester Industry segmented and which is the largest segment?

The combine harvester industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Self-propelled
  Tractor-pulled
  Power take off (PTO)-powered combine harvesters


Type

  Wheel type
  Crawler type


Geography

  Europe

    Germany
    UK
    France


  North America

    Canada
    US


  APAC

    China
    India
    Japan


  South America

    Brazil


  Middle East and Africa

By Product Insights

The self-propelled segment is estimated to witness significant growth during the forecast period.

The self-propelled segment of the market is projected to lead the market growth due to its superior features and advantages over traditional tractor-pulled and other types of harvesters. Self-propelled combine harvesters are equipped with larger diesel tanks and offer increased grain capacity, minimal grain breakage, higher grain cleanliness, and superior maneuverability in fields with challenging soil conditions. Their diesel engines serve dual functions as both a propulsion system and a harvester.

Furthermore, ideal for harvesting crops such as wheat, paddy, soybean, mustard, and sunflower, these harvesters are increasingly preferred by farmers and governments worldwide for enhancing food safety and yield through timely harvesting. The self-propelled market is expected to expand significantly during the forecast period.

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The self-propelled segment was valued at USD 20.66 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

Europe is estimated to contribute 31% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European market is experiencing growth due to the shrinking agricultural workforce and government initiatives promoting agricultural mechanization. With labor shortages becoming a significant challenge, farmers in major European countries such as the UK, Germany, Spain, France, and Italy are increasingly adopting combine harvesters to minimize their reliance on manual labor. Efficient forage handling is crucial for producing high-quality silage, and combine harvesters facilitate this by minimizing harvesting losses. The EU's agricultural workforce continues to decline, making mechanization of agricultural activities, including forage handling, essential. As a result, farmers are investing in

The Eastern European construction market, valued at approximately €[Estimate based on XX million and market context, e.g., €200 million] in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 7.00% from 2025 to 2033. This expansion is driven by several key factors. Firstly, increasing urbanization and population growth across the region are fueling demand for residential and commercial construction. Secondly, significant investments in infrastructure development, particularly in transportation networks and energy infrastructure (modernization and expansion of renewable energy sources), are providing a substantial boost to the market. Furthermore, government initiatives focused on improving housing affordability and sustainable urban development are acting as catalysts. While challenges remain, such as economic volatility in some Eastern European countries and potential labor shortages, the overall outlook remains positive. However, certain constraints could temper growth. Geopolitical instability and fluctuations in raw material prices present ongoing risks. Furthermore, the regulatory environment and bureaucratic processes can sometimes hinder project implementation. The market is segmented across residential, commercial, industrial, infrastructure (transportation), and energy and utilities sectors, with residential and infrastructure projects likely dominating market share. Key players, including Vinci, Fomento de Construcciones y Contratas, Balfour Beatty, Strabag, ACS, Royal BAM Group NV, Bouygues, Eiffage, Skanska, and Acciona, are actively competing for market share, often focusing on large-scale infrastructure projects and public-private partnerships. The varying economic conditions across countries like Romania, Hungary, Croatia, Ukraine, Bulgaria, and the rest of Eastern Europe will influence sector-specific growth trajectories within the overall market. This in-depth report provides a comprehensive analysis of the Eastern Europe construction market, offering invaluable insights for investors, contractors, and industry stakeholders. With a study period spanning from 2019 to 2033, a base year of 2025, and a forecast period from 2025 to 2033, this report leverages historical data (2019-2024) to provide accurate projections of market growth and dynamics. The report delves into market size (in millions), key trends, and growth drivers across various segments including residential, commercial, industrial, infrastructure (transportation), and energy & utilities construction. This report is your key to unlocking the potential of this dynamic market. Key drivers for this market are: Urbanization and Infrastructure Development, Sustainable Construction Practices. Potential restraints include: Labor Shortages and Costs. Notable trends are: Increase in Residential Building Permits in Romania:.

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Prefabricated Construction Market Size 2025-2029

The prefabricated construction market size is forecast to increase by USD 74 billion at a CAGR of 8.9% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for efficient and cost-effective building solutions, particularly in the healthcare sector. The healthcare industry's focus on reducing construction time and costs, while maintaining high standards of quality and sustainability, is propelling the adoption of prefabricated construction methods. However, the market faces challenges that could hinder its growth potential. Regulatory hurdles impact adoption as stringent building codes and standards require compliance, which can add to the cost and complexity of prefabricated construction projects. Additionally, supply chain inconsistencies can pose challenges, as the availability and reliability of raw materials and components can impact production schedules and project timelines. There is an increasing demand for prefabricated solutions in smart healthcare, as these offer efficiency and cost-effectiveness. These structures offer numerous advantages, such as faster construction times and improved quality control, making them an attractive option for healthcare facilities. The growing preference for lightweight construction materials is also contributing, as these materials offer easier handling and faster construction.
The shortage of skilled labor further complicates matters, as the industry requires a workforce with the expertise to design, manufacture, and install prefabricated components efficiently. To capitalize on the market opportunities and navigate these challenges effectively, companies must focus on innovation and collaboration. Investing in research and development to create advanced prefabricated construction technologies and solutions can help overcome regulatory and supply chain challenges. Building strategic partnerships with suppliers, contractors, and regulatory bodies can also help streamline operations and ensure compliance. Moreover, companies can address the labor shortage by investing in training programs and offering competitive compensation packages to attract and retain skilled workers.

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The market is experiencing significant growth, driven by the adoption of innovative solutions such as composite panels, modular furniture, and prefabricated bathrooms. These products offer emissions reduction benefits, aligning with the passive house and LEED certification standards. Construction risk management and life cycle assessment are essential considerations in this sector, with supply chain management playing a crucial role in optimizing costs and reducing carbon footprint. Precast concrete and cross-laminated timber (CLT) are popular materials in prefabricated construction, offering sustainability and efficiency advantages. Green building certifications, such as LEED and the Well Building Standard, are increasingly sought after, driving demand for smart homes and net-zero energy buildings.
Construction data analytics, project planning tools, and BIM software enable more efficient design and planning processes. Building codes compliance, zoning approvals, and circular economy principles are essential for sustainable and cost-effective construction projects. Construction software, building automation, and digital twins facilitate streamlined construction processes, ensuring compliance with regulations and reducing waste. The market is also witnessing the integration of passive house, LEED certification, and net-zero energy standards into building codes, further driving demand for prefabricated construction solutions.

How is this Prefabricated Construction Industry segmented?

The prefabricated construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Non-residential
  Residential


Material

  Steel
  Concrete
  Wood
  Others


Type

  Four sided
  Open sided
  Partially open sided
  Others


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The non-residential segment is estimated to witness significant growth during the forecast period.

Prefabricated construction is experiencing significant growth in the US market, particularly in commercial and industrial sectors. This trend is driven by the efficiency and cost savings offered by prefabricated methods, which enable faster construction timelines and reduced labor costs. Indust