Industry Analysis & Industry Trends
The Plumbing Services industry plays an integral role in the economy, supplying licensed services to install, repair and maintain fixtures and fittings used for the catchment, distribution and treatment of liquids, gases and waste products. The industry is highly regulated to ensure compliance with product and installation standards and building guidelines. It comprises many very small-scale contracting firms, which service narrow geographic areas or niche markets. The industry currently has an estimated 25,250 enterprises, the vast majority of which (98.8%) employ fewer than 20 people, although it also includes several larger scale players, which generally operate as facilities management companies... purchase to read more
Industry Report - Industry Analysis Chapter
The Plumbing Services industry has maintained solid growth over the past five years, despite poor demand conditions in most building markets. The onset of the global financial crisis in the late 2000s resulted in subdued construction levels as consumer and business sentiment declined. The Federal Government's First Home Owner Grant and education construction stimulus package initially helped support local construction activity. However, the subsequent withdrawal of this stimulus adversely affected property investment and demand for plumbers.
The return of favourable trends in new housing construction and (to a lesser extent) in commercial building activity has supported a moderate improvement in the industry's performance since 2013-14... purchase to read more