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, the vast majority of which (98.8%) employ fewer than 20 people. However, the industry also includes several larger scale players, which generally operate as facilities management companies... purchase to read more
Industry Report - Starting a New Business Chapter
The major barrier to entry into the industry is the strict state-based licensing regulations. However, the plumbing licensing arrangements ensure a competitive market in which new entrants may establish a viable foothold. The lack of dominant players indicates there are few barriers for new entrants to compete freely in this market.
To remain competitive and to find work, many plumbers offer 24-hour, seven days a week service, with emergency call-outs, and are keen to align themselves with an official industry association body to underline their reputability. New operators may be disadvantaged if they cannot meet the membership criteria.
Over the past decade, several larger scale plumbing businesses have developed... purchase to read more