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 is made up of a large number of small-scale contracting firms, which service narrow geographic areas or niche markets. In 2015-16, the industry is estimated to have 25,120 enterprises, almost all of which employ fewer than 20 people (98.9%). However, the industry does include several large-scale players, which generally operate as facilities management companies such as Spotless Group and Programmed Maintenance Services... purchase to read more
Industry Report - Industry Investment Chapter
The industry involves a medium level of capital intensity, although plumbing services typically require a significant manual labour input. The industry's direct employment costs (wages and supplements) account for approximately 22.0% of revenue in 2015-16, while depreciation charges account for an estimated 3.4% of revenue. This indicates that the industry allocates $6.47 towards labour input costs for every $1.00 spent on capital equipment.
In addition to direct employment costs, the industry also allocates a substantial share of revenue to subcontracted labour (12.7% in 2015-16), which, if included with direct labour payments, would further inflate the labour costs to depreciation ratio... purchase to read more