Industry Analysis & Industry Trends
The Plumbing Services industry has shown resilience through variable demand conditions since the late 2000s. The onset of the global financial crisis dampened consumer and business confidence, which drove down investment into housing and commercial buildings and affected demand for plumbing installation services. Demand for residential building construction is projected to climb at an annualised 1.1% over the five years through 2013-14. Meanwhile, the commercial and industrial building market is projected to contract at an annualised 4.3% over the past five years, significantly dampening demand for the installation of plumbing fixtures and fittings on new buildings. Over the period, the industry was given some reprieve from Federal Government stimulus packages, with over $21.0... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Plumbing Services industry has low market share concentration. Currently, the four largest companies in the industry contribute less than 5% of market share concentration and there is little change expected over the next five years. Changes in revenue and profit margins over the next five years will be divided between all enterprises dependent on the prevailing level of demand in their local area. Larger facility management companies are likely to benefit more from strong growth in commercial and industrial markets.
The industry is highly fragmented due to the fact that there are a large number of plumbers operating in the industry, most servicing small local areas. Currently only 2.1% of enterprises hire more than 20 people and only six businesses hire more than 200 people... purchase to read more