Slow flow: Variable downstream demand conditions have constrained revenue growth

The Plumbing Services industry plays an integral role in the economy, supplying licensed services to install, repair and maintain fixtures and fittings that are used to catch, distribute and treat liquids, gases and waste products. The industry is highly regulated to ensure compliance with product and installation standards as well as building guidelines. The vast majority of industry participants are small-scale contracting firms that employ fewer than 20 people and contest narrow geographic areas or niche markets. However, the industry includes several large-scale facility management companies along with some franchise groups...read more.

Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 13-18
1.5%
Forecast Growth 18-23
Profit
Employment
49,900
Businesses
24,700
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry operators have derived a stable flow of work on emergency repair and maintenance projects
  • A shortage of skilled labour has limited the industry’s performance over the past five years
  • Steady demand is forecast from new office, retail space and warehouse construction
  • Industry Report - Industry SWOT Analysis Chapter

    The Plumbing Services industry is in the mature stage of its economic life cycle. The industry is reaching market saturation and is characterised by growth in line with the overall economy. However, it remains highly fragmented and enterprises have been entering the industry at a slower rate than overall revenue growth. Products and services offered by the industry are also clearly segmented with only moderate changes in technology, largely driven by improving existing systems.Industry value added, which is used to measure an industry's contribution to the overall economy, is projected to increase by an annualised 1.8% over the 10 years through 2022-23. This lags marginally behind the overall growth of Australia's GDP (2.5% a...purchase to read more.

    Additional Insights for the Plumbing Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Plumbing Services Industry are

  • Adoption of new technology
  • Having a good reputation
  • Ability to change which market the firm operates in
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Demand from non-residential building construction in the Plumbing Services industry impact industry performance..

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    What's in this report

    What is the Plumbing Services Industry?

    The Plumbing Services industry consists of contractors that provide general plumbing or drainage services. This includes installing and repairing water supply, sewer lines, septic tanks, drainage and gas systems. The construction of large-scale sewerage or stormwater drainage systems is not included in the industry.

    Industry Products
  • Water plumbing
  • Sanitary plumbing
  • Gas fitting
  • Mechanical plumbing
  • Drainage and roofing plumbing
  • Industry Activities
  • Drain construction, cleaning and repair (except large-scale sewerage and stormwater drainage systems)
  • Gas plumbing installation and repair
  • Guttering and roof installation and repair
  • Hot-water system installation and repair
  • Plumbing (except marine) installation and repair
  • Installed plumbing repair
  • Septic tank installation and repair
  • Solar hot-water system installation and repair
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from residential building construction
  • Demand from non-residential building construction
  • Dwelling commencements
  • Real household disposable income
  • Demand from heavy industry and other non-building construction

  • Current Performance
  • Profit margins squeezed
  • Subdued construction trends
  • Subdued participation and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand strengthens in key construction markets
  • Profit margins widen
  • Facilities management
  • Table: Plumbing Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Plumbing Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Residential Property Operators
  • Office Property Operators
  • Retail Property Operators
  • Industrial and Other Property Operators

  • Key Selling Industries
  • Farm and Construction Machinery Wholesaling
  • Household Appliance Wholesaling
  • Machinery and Scaffolding Rental
  • Plumbing Goods Wholesaling

  • Products & Services
  • Water plumbing
  • Sanitary plumbing
  • Gas fitting
  • Mechanical plumbing
  • Drainage and roofing plumbing
  • Chart: Plumbing Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential building companies
  • Non-residential builders and property managers
  • Households and residential property managers
  • Engineering construction and manufacturing industries
  • Chart: Major Market Segmentation for the Plumbing Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Plumbing Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Plumbing Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Plumbing Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Plumbing Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Facility Management
  • The provision of multi-disciplined services (such as heating, ventilation and air conditioning; electrical services; plumbing; cleaning and security) for maintenance of non-residential buildings.
  • Gas Fitting
  • A specialist area of plumbing services requiring full licensing to carry out services for liquefied petroleum gas and natural gas applications.
  • Mechanical Plumbing
  • Work that mainly involves the installation and maintenance of mechanical heating, cooling and ventilation of residential and commercial buildings.
  • What Our Customers Say

    Why buy this report?

    The Plumbing Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Plumbing Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Plumbing Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Plumbing Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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