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 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 21.5% of revenue in 2014-15, while depreciation charges account for an estimated 3.4% of revenue. This indicates that the industry allocates $6.34 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 (13.1% in 2014-15), which, if included with direct labour payments, would further inflate the labour costs to depreciation ratio... purchase to read more