The plumbing industry’s continual growth shows its adaptability and evolution. As technology and environmental concerns become more prominent, plumbers find new ways to tackle challenges. The emphasis on sustainable and eco-friendly solutions reshapes practices and opens opportunities. With this dynamic landscape, plumbing isn’t just stable; it’s exciting as change is constant.
Demand for plumbers never slows as services are essential for buildings. The US plumbing industry was $95 billion in 2013. High demand enables competitiveness. The industry nets $144 billion, expected to increase 15% in five years. Understanding competition helps success today.
With low investments from $101,320 to $377,050, Z PLUMBERZ makes entering the $126 billion plumbing industry easier with a turnkey model bringing revenue in months.
New devices emerge like leak detectors and "brain pipes". The former connects to WiFi, detecting moisture and humidity.
The five biggest firms are:
- Kingfisher plc with $15.8 billion revenue. It sells plumbing through Cooke & Lewis, including taps, sinks and shower/bath mixers. It expands globally, adding stores in France and targeting a £20 billion market.
However, COVID-19 disrupts construction, reducing new installations. This is the biggest single-year revenue decline ever, though plumbing is essential and operates during the pandemic. Lack of projects and income reduction impact plumbers.
Services extend across industries like fire, air-conditioning, drainage, roofing, gas and more needing plumbing. Both domestic and commercial sectors depend on it and demand grows fast. High pay shows importance, allowing decent earnings with efficient planning and execution.