Plumbers in the US
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. Over the five years to 2023, continued growth of downstream construction markets and expanding economic activity are forecast to support positive industry performance. The residential construction market is anticipated to strengthen, resulting in increased demand for industry services during this period.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.