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 - Starting a New Business Chapter
Barriers to entering the Plumbers industry are moderate. The industry is highly fragmented, with no operator accounting for more than 1.0% of industry revenue. There are, however, start-up costs incurred to open a plumbing business other than a vehicle and requisite tools and materials. Operators must obtain permits and contractors must be licensed to work in the industry.
Since plumbers typically compete in a narrow geographic market, already-established operators benefit from a strong reputation, experience and connections with building managers and general contractors. Additionally, facilities management companies, which operate across a number of subcontractor industries (e.g... purchase to read more