Reasons to Invest
Quick Facts
- The plumbing business is a $92 billion industry
- 5.3% Annual Growth over the last 5 years
- There are over 100,000 businesses operating as plumbing businesses in the U.S.
- The plumbing industry employs over 500,000 people in the U.S.
Trending
- Accelerated housing markets and green building regulations will boost demand (ibisworld)
- Remodeling activity in 2016 is the best since 2006—expect increase in service calls for installations and upgrades (jchs.harvard.edu)
- “Touchless” technology to improve customer comfort and health
- GPS Fleet tracking (safeplumbing.org)
- Saving Water! High quality options for highly efficient products (safeplumbing.org)
In the News
- New National poll finds 95% of Americans want public officials to invest in water systems (safeplumbing.org)
- World Plumbing Day is March 11th
References
http://www.jchs.harvard.edu/leading-indicator-remodeling-activity-lira
https://www.ibisworld.com/industry-trends/market-research-reports/construction/special-trade-contractors/plumbers.html
https://www.safeplumbing.org/water-efficiency/drought-and-water-shortages
