The plumbing industry is a vital part of the global economy, with an estimated market value of 144.3 billion dollars in 2021 and projected to reach 139 billion dollars by 2027. This market data report will explore some key statistics about the plumbing industry around the world.
Including its size and scope, revenue sources, employment trends, wages for plumbers and more. We’ll also look at how different countries are faring in terms of their respective plumbing industries as well as what factors may be driving growth or decline within this sector. Finally, we’ll discuss potential opportunities that exist for those looking to enter into this field or expand their existing business operations within it.
This statistic is a testament to the immense size and importance of the plumbing and HVAC industry in the United States. It highlights the sheer amount of money that is being invested in the industry, and the potential for growth and development in the years to come. It also serves as a reminder of the vital role that plumbing and HVAC professionals play in keeping our homes and businesses safe and comfortable.
The global plumbing fixtures market size was valued at USD 96.2 billion in 2020.
This statistic is a powerful indicator of the plumbing fixtures market’s current state and its potential for growth. It shows that the plumbing fixtures industry is a lucrative and thriving sector, with a large and growing customer base. This statistic is a testament to the industry’s success and its potential for further expansion, making it an important piece of information for anyone interested in the plumbing industry.
Plumbing Industry Statistics Overview
By 2025, the plumbing industry in the United States is expected to grow at a compound annual growth rate (CAGR) of 4.2%.
This statistic is a clear indication of the potential for growth in the plumbing industry in the United States over the next few years. It shows that the plumbing industry is expected to experience a steady increase in demand, which could lead to more job opportunities and increased investment in the sector. This could be a great opportunity for those looking to enter the plumbing industry, as well as those already in the industry who are looking to expand their business. The statistic also serves as a reminder of the importance of staying up to date with the latest industry trends and developments in order to remain competitive.
There were 530,672 plumbing businesses in the United States in 2021.
This statistic is a powerful indicator of the size and scope of the plumbing industry in the United States. It speaks to the sheer number of businesses that are dedicated to providing plumbing services, and the potential for growth in the industry. It also serves as a reminder of the importance of plumbing services in our everyday lives, and the need for reliable and experienced professionals to keep our homes and businesses running smoothly.
The Canadian plumbing industry’s revenue was $16 billion in 2021.
This statistic is a testament to the immense size and success of the Canadian plumbing industry. It highlights the industry’s impressive growth and profitability, demonstrating its importance to the Canadian economy. It also serves as a reminder of the vital role plumbers play in keeping our homes and businesses running smoothly.
Plumbers in the United States earn a median annual wage of $56,330 in 2020.
This statistic is a powerful indicator of the value of plumbers in the United States. It shows that plumbers are highly sought after and well-compensated professionals, making them an attractive career option for those looking to enter the plumbing industry. It also serves as a reminder of the importance of the plumbing industry in the US economy, as plumbers are essential to keeping homes and businesses running smoothly.
The demand for plumbing professionals is predicted to grow by 7% between 2018 and 2028.
This statistic is a clear indication that the plumbing industry is on the rise. It shows that the demand for plumbing professionals is expected to increase over the next decade, which is great news for those looking to enter the field. This means that there are more opportunities for those interested in plumbing, and that the industry is likely to remain strong and stable in the years to come.
Approximately 60% of overall plumbing jobs were in the residential sector in 2020.
This statistic is a telling indication of the plumbing industry’s focus on residential projects in 2020. It highlights the importance of residential plumbing services and the demand for them, which is likely to continue in the coming years. This data can be used to inform decisions about the direction of the plumbing industry, such as where to invest resources and how to allocate resources to meet the needs of residential customers.
80% of UK plumbing businesses are small or medium-sized businesses (SMBs).
This statistic is a powerful indicator of the Plumbing Industry’s reliance on SMBs. It highlights the importance of these businesses in the sector, and how they are essential to the industry’s success. It also shows the potential for growth in the sector, as SMBs are often the first to take advantage of new opportunities. This statistic is a valuable insight into the Plumbing Industry, and can be used to inform decisions about the future of the sector.
22% of Australia’s plumbing workforce is composed of apprentices.
This statistic is significant in the context of plumbing industry statistics because it highlights the importance of apprenticeships in the plumbing industry. Apprenticeships are essential for the industry to ensure that the workforce is well-trained and knowledgeable in the latest plumbing techniques and technologies. Furthermore, apprenticeships provide an opportunity for young people to gain valuable experience and skills in the plumbing industry, which can help them to secure a successful career in the future.
China’s demand for plumbing products was expected to grow at a double-digit rate from 2017 to 2021.
This statistic is a key indicator of the potential for growth in the plumbing industry. It suggests that the demand for plumbing products in China is likely to remain strong over the next few years, providing a great opportunity for businesses in the sector to capitalize on. This could be a great opportunity for plumbing companies to expand their operations and increase their profits.
In 2021, female plumbers accounted for 2.3% of the plumbing workforce in the United States.
This statistic is a telling indication of the gender disparity in the plumbing industry. It highlights the fact that women are still vastly underrepresented in the plumbing workforce, despite the fact that the industry is growing and becoming more accessible to all genders. This statistic is important to consider when discussing the overall state of the plumbing industry, as it provides insight into the current gender dynamics of the field.
Top-paying states for plumbers in the United States include Illinois, Alaska, Minnesota, New Jersey, and Massachusetts.
This statistic is important for anyone interested in the plumbing industry, as it provides insight into the states that offer the highest wages for plumbers. Knowing which states offer the best pay can help plumbers decide where to look for jobs and can also help employers determine where to recruit talent. Additionally, this statistic can be used to compare wages across states and can be used to inform policy decisions related to the plumbing industry.
Approximately 15% of homes in the United States have a water leak, making plumbing repair a significant market.
This statistic is a powerful indicator of the size of the plumbing repair market in the United States. With 15% of homes having a water leak, it is clear that there is a large demand for plumbing repair services. This statistic highlights the importance of the plumbing industry and the need for reliable plumbing services.
The plumbing industry in the European Union was worth €31.6 billion in 2017.
This statistic is a testament to the immense size and scope of the plumbing industry in the European Union. It highlights the sheer economic power of the sector, and the importance of plumbing services to the region’s economy. It also serves as a reminder of the vital role that plumbers play in keeping our homes and businesses running smoothly.
The global plumbing fixtures and fittings market is projected to reach 139 billion dollars by 2027.
This statistic is a clear indication of the potential of the plumbing fixtures and fittings market. It shows that the industry is growing and is expected to continue to do so in the coming years. This is great news for those in the plumbing industry, as it means that there is a large and growing market for their products and services. It also shows that the industry is becoming increasingly competitive, which is beneficial for consumers as it encourages companies to offer better products and services at lower prices.
Building construction, in particular, the residential segment, accounts for about 55% of the plumbing industry’s total revenue.
This statistic is a crucial insight into the plumbing industry, as it highlights the importance of the residential segment in driving the industry’s total revenue. It is clear that the residential segment is a major source of income for the plumbing industry, and understanding this can help businesses in the industry to better allocate resources and focus their efforts.
Conclusion
The plumbing industry is a large and growing market, with an estimated global value of 144.3 billion dollars in 2021. The demand for plumbing professionals is expected to grow by 7% between 2018 and 2028, while the U.S. plumbing industry alone is projected to reach a compound annual growth rate (CAGR) of 4.2%. In addition, there are 530,672 businesses operating within this sector in the United States, as well as 85% of these companies having fewer than 10 employees each year; making it one of the most popular industries among small business owners across North America and Europe alike.
Furthermore, residential building construction accounts for 55% of total revenue generated from this sector, which further highlights its importance when considering home improvement projects or renovations that require professional assistance from plumbers or HVAC technicians respectively Additionally, female plumbers account for 2-3 percent globally, showing signs that more women are entering into traditionally male dominated roles such as those found within the Plumbing Industry.
All things considered ,the Plumbing Industry remains strong despite economic downturns due to its essential nature when dealing with water systems both domestically & commercially .
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