Labour shortage and its consequences
One of the key trends in the construction and installation market is labour shortage. In some countries it’s becoming a real problem for the production and renovation rates of both residential and non-residential projects. This is also the case when looking at a subsegment of the construction industry like the electrical installation market.
So why is this an important trend? Well first and foremost, labour shortage is effecting the amount of projects that can be conducted by the installers, especially in the Netherlands, Germany and Poland. It’s limiting the growth potential of the electrical installation sector in these markets. In some countries, the labour shortage is also increasing the demand for prefab solutions and plug and play (easy to install products).
Of course every threat can also be an opportunity. Manufacturers who can proactively help installers work more efficient or have the right support in place for them, can capitalize on this trend.
This is the reason why USP Marketing Consultancy researched the topic of labour shortage in the Q2 2019 report of the European Electrical Installation Monitor (a quarterly research conducted by phone amongst 950 electrical installers in 7 countries).