GITNUX MARKETDATA REPORT 2024

Must-Know Plumbing Industry Statistics [Current Data]

In this post, we will explore a comprehensive set of statistics pertaining to the plumbing industry, both domestically and globally. From market values and revenue figures to wage insights and workforce compositions, these statistics provide valuable insights into the current landscape and future projections of the plumbing sector. Follow along as we delve into the numbers that shape this vital industry.

Statistic 1

"In 2021, the U.S. plumbing and HVAC industry was estimated to have a market value of 144.3 billion dollars."

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Statistic 2

"The global plumbing fixtures market size was valued at USD 96.2 billion in 2020."

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Statistic 3

"By 2025, the plumbing industry in the United States is expected to grow at a compound annual growth rate (CAGR) of 4.2%."

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Statistic 4

"There were 530,672 plumbing businesses in the United States in 2021."

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Statistic 5

"The Canadian plumbing industry’s revenue was $16 billion in 2021."

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Statistic 6

"Plumbers in the United States earn a median annual wage of $56,330 in 2020."

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Statistic 7

"The demand for plumbing professionals is predicted to grow by 7% between 2018 and 2028."

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Statistic 8

"Approximately 60% of overall plumbing jobs were in the residential sector in 2020."

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Statistic 9

"80% of UK plumbing businesses are small or medium-sized businesses (SMBs)."

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Statistic 10

"22% of Australia’s plumbing workforce is composed of apprentices."

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Statistic 11

"China’s demand for plumbing products was expected to grow at a double-digit rate from 2017 to 2021."

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Statistic 12

"In 2021, female plumbers accounted for 2.3% of the plumbing workforce in the United States."

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Statistic 13

"Top-paying states for plumbers in the United States include Illinois, Alaska, Minnesota, New Jersey, and Massachusetts."

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Statistic 14

"Approximately 15% of homes in the United States have a water leak, making plumbing repair a significant market."

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Statistic 15

"The plumbing industry in the European Union was worth €31.6 billion in 2017."

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Statistic 16

"The global plumbing fixtures and fittings market is projected to reach 139 billion dollars by 2027."

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Statistic 17

"Building construction, in particular, the residential segment, accounts for about 55% of the plumbing industry’s total revenue."

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The plumbing industry is experiencing significant growth and has become a lucrative market, with the U.S. leading the way. Various statistics highlight the industry’s impressive market value, projected growth rates, the number of businesses operating within it, and the substantial revenues generated in different countries. The demand for plumbing professionals is on the rise globally, particularly in the residential sector, emphasizing the importance of skilled plumbers in addressing household issues like water leaks. Female representation in the plumbing workforce remains low but is gradually increasing. As the industry continues to expand, opportunities for plumbers and plumbing businesses are abundant, positioning it as a stable and promising sector for years to come.

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