Clear the way: Accelerating housing markets and green building regulations will boost demand

The Plumbers industry is one of many subcontracting industries essential to the residential and nonresidential building markets, as plumbers are needed to both install systems for new construction and to repair and maintain the systems of existing structures. Maintenance of existing equipment accounts for a significant share of revenue and is a stable source of revenue for the industry when construction markets fluctuate. The expansion of the housing market, along with an increase in economic activity, caused new construction to pick up during the period. Since the industry's performance is so closely linked to building markets and consumer spending, which determines the extent to which households renovate kitchens and bathrooms, demand for plumbing contractors increased...purchase to read more.

Industry Statistics & Market Size
Revenue
$106bn
Annual Growth 13-18
2.3%
Forecast Growth 18-23
Profit
Employment
506,176
Businesses
120,004
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Residential construction is anticipated to rise, resulting in increased industry demand
  • The housing construction market’s expansion in recent years has resulted in a gradual growth
  • The industry’s largest companies will benefit from the trend toward customization
  • Industry Report - Industry Products Chapter

    General plumbing contractorsGeneral plumbing services contribute 47.9% of industry revenue in 2018. These services include the installation, repair and maintenance of water distribution pipes and appliances, water heaters, garbage disposals, bathroom and kitchen sinks, water pipes and other plumbing. These services may also include sewer and drain cleaning and copper repiping. This product segment has grown as a share of revenue over the past five years because it largely includes essential repair services that cannot be delayed, even in an economic downturn. As services associated with new construction, such as connecting a building to main lines and installing appliances, declined, repair and maintenance activities contributed a higher share of revenue. Ove...purchase to read more.

    Additional Insights for the Plumbers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plumbers Industry are

  • Having a good reputation
  • Ability to accommodate environmental requirements
  • Holding on to maintenance contracts
  • IBISWorld analysts also discuss how external factors such as Housing starts and Per capita disposable income in the Plumbers industry impact industry performance..

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    What's in this report

    What is the Plumbers Industry?

    Industry contractors install and maintain plumbing fixtures, fittings and equipment. Industry activities include work on household pipes and drains, installation of gas cooking and heating appliances and work on bathroom and toilet fixtures and venting systems. Emergency repair work (e.g. unclogging drains or repairing burst water mains) represents a significant source of industry revenue. Contractors may also supply plumbing appliances and coupling products for construction projects.

    Industry Products
  • General plumbing services
  • Mechanical services
  • Building sprinkler system installation
  • Steamfitting and piping services
  • Lawn sprinkler installation
  • Industry Activities
  • Drain construction, cleaning or repairing
  • Gas plumbing
  • Gas appliance repair
  • Hot water systems installation
  • Repairing installed plumbing
  • Septic tank installation
  • Solar hot water systems installation
  • Steamfitting and piping contracting services
  • Interior and exterior sprinkler system installation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Per capita disposable income
  • Value of private nonresidential construction
  • Value of residential construction
  • year conventional mortgage rate
  • Private spending on home improvements

  • Current Performance
  • Scope of work
  • Repair work
  • New construction lifting demand
  • Industry structure and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand
  • Expanding profit margins
  • Going green
  • Table: Plumbers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plumbers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Land Development
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Electricians
  • Plumbing & Heating Supplies Wholesaling
  • Tool & Hardware Wholesaling

  • Products & Services
  • General plumbing services
  • Mechanical services
  • Building sprinkler system installation
  • Steamfitting and piping services
  • Lawn sprinkler installation
  • Chart: Plumbers Industry Products and Services Segmentation

  • Demand Determinants
  • Residential market
  • Nonresidential market
  • Constant demand

  • Major Markets
  • Existing residential buildings
  • Healthcare, public safety and educational buildings
  • Manufacturing and industrial buildings
  • Other
  • Office buildings
  • Retail and storage spaces
  • New residential construction
  • Chart: Major Market Segmentation for the Plumbers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Plumbers

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plumbers Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Plumbers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Plumbers Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Housing Starts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Hydronic
  • The use of water as the heat transfer in heating and cooling systems.
  • Leadership In Energy And Environmental Design
  • An environmental building certificate program that was established under the US Green Building Council and certifies buildings that meet energy-efficiency and green requirements.
  • Nonemployer
  • An establishment without payroll employees, typically a sole proprietorship or partnership.
  • Nonpotable
  • Water that has not been treated, examined or approved by authorities as safe for consumption.
  • Plumbing Fixture
  • An apparatus for distribution, storage and flushing of water and waste, designed for the end user (e.g. toilets, showers, sinks and more).
  • Steamfitting
  • The installation and maintenance of equipment for ventilating, heating or refrigerating.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Plumbers can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Plumbers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Plumbers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Plumbers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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