Plumbers in the US
The expansion of the housing market, along with an increase in economic activity, caused new construction to grow early in the five-year period to 2019. Since the Plumbers 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. Nonresidential building construction activity also increased as consumer spending and corporate profit caused an expansion in the business sector. Furthermore, during this period, the industry benefited from steady demand for long-term facilities' maintenance and repairs. Over the five years to 2024, continued accelerated 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. Moreover, commercial construction is also anticipated to grow as rising consumer spending encourages businesses to expand their facilities.
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.