Industry Analysis & Industry Trends
The Plumbing Services industry has contended with burdensome conditions with resilience over the last five years, enjoying stronger demand than its primary market, residential housing construction. The onset of the global financial crisis resulted in declining consumer and business confidence as well as decreased ability to access credit in 2008-09 onwards, damaging construction markets significantly. The industry felt some reprieve from assistance provided by the implementation of stimulus packages by the Federal Government, investing over $21 billion in education and housing projects of benefit to plumbing services. The industry also was provided with additional work in the eastern states of Australia as heavy flooding affected communities in 2010-11... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Plumbing Services industry is in the mature stage of its economic life cycle. The industry is characterised by growth in line with the overall economy as market saturation begins to be reached. The industry remains highly fragmented, however, enterprises are entering the industry at a slower rate than overall growth. Products and services offered by the industry are also clearly segmented, with only moderate changes in technology, largely driven by improving existing systems. Over the past five years through 2012-13, the industry has contended with subdued construction growth as the global financial crisis affected consumer and business outlook as well as decreasing the availability of credit... purchase to read more