In recent decades the research of regional markets as he objects of regional economy is very relevant, because the development of competitive Ukraine’s economy is not possible without efficient development of each region with its economic capacity. Regions of Ukraine are characterized by uneven socio-economic and ecological capacities. Therefore, individual approach has to be applied to the development of regions, improvement of its attractiveness for investment in its economy and engaging residents in cooperation with region’s institutions for its active development. Thus, the research of regional markets contributes to defining of its functioning efficiency and development level. The paper aims to examine the development of regional markets in Ukraine. The paper emphasizes the defining of regional markets as the objects of regional economy in conditions of maintenance of Ukrainian economy’s competitive ability. Scientific approaches of foreign and domestic scientists to definition and theory of regional markets’ functioning are examined. Among the theories of regional markets’ functioning, we consider the following ones: theory of location of production; theory of market capacity and spatial interaction; concept of geomarketing; institutional concept of regional development; theory of markets economy of М.-F.-C. Allais. The author’s understanding of “regional market” based on the conducted research and generalizations is given. Major functions of regional markets are presented in two groups: indirect and direct. Classification of regional markets across the defined criteria is suggested. Peculiarities of regional services markets compared to other defined types of regional markets are explained. 

regional market, functions of regional markets, regional services market, classification of regional markets, service