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Plumbers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Plumbers Market Research Report | NAICS 23822b | Nov 2016

Piping up: Accelerating housing markets and green building regulations will boost demand

IBISWorld’s Plumbers market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$105bn
Annual Growth 11-16
4.0%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
468,869
Businesses
116,584
Industry Threats & Opportunities
  • Residential construction is anticipated to rise, resulting in increased industry demand
  • Industry operators are expected to grow as a result of recovery in the real estate sector
  • As businesses increase capacity, industry demand will also increase
  • ... purchase to read more

Industry Analysis & Industry Trends

From unclogging household drains to installing high-pressure industrial steam pipes, the Plumbers industry's activities span a wide range of liquid and gas-conveying pipe work. 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, housing market fluctuations led to a moderate increase in volatility over the past five years. Still, steady increases in the value of residential and nonresidential construction, consumer spending and corporate profit supported industry revenue throughout the period. Furthermore, the industry benefited throughout this period from steady demand for long-term facilities' maintenance and repairs, which consumers generally cannot put off... ... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Plumbers industry is in the mature stage of its life cycle, with demand generally driven by movements in downstream new construction markets, as well as ongoing maintenance and repair activity. Industry value added, which measures the industry's contribution to the overall economy, is expected to grow at an annualized rate of 3.3% during the 10 years to 2021. In contrast, US GDP is expected to grow at an annualized rate of 2.1% over the same period. A stronger contribution to the economy is typically indicative of a growing industry; however, this industry also has mature characteristics that outweigh those growth factors in the long term. The plumbing industry has complete market acceptance as all houses and buildings require plumbing services to operate effectively. Rep.. ... 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 Value of private nonresidential construction in the Plumbers industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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 servicesMechanical servicesBuilding sprinkler system installationSteamfitting and piping servicesLawn sprinkler installation
     
    Industry Activities
    Drain construction, cleaning or repairingGas plumbingGas appliance repairHot water systems installationRepairing installed plumbingSeptic tank installationSolar hot water systems installationSteamfitting and piping contracting servicesInterior and exterior sprinkler system installation


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Housing starts
  • Value of private nonresidential construction
  • Value of residential construction
  • Per capita disposable income
  • Private spending on home improvements
  • Price of plastic materials and resin
  • 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
  • Products & Markets
    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
    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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Plumbers
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plumbers Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Plumbers Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Housing Starts (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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.

  • Why Buy this Report?
    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 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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