GITNUX MARKETDATA REPORT 2024

Skilled Trades Statistics: Market Report & Data

With sources from: ceda.com.au, cbc.ca, egrove.olemiss.edu, ontario.ca and many more

Statistic 1

The skilled trades workforce in the U.S. has an average age of 55.

Statistic 2

Electricians, one of the prominent trades, have a median pay of $56,180 per year.

Statistic 3

There was a 21% growth in the number of women in skilled trades between 2012 and 2017.

Statistic 4

Plumbers earn a median annual wage of $55,160.

Statistic 5

HVAC technicians have a median pay of $48,730 per year.

Statistic 6

Approximately 700,000 women in the United States work in the construction trades.

Statistic 7

The highest 10% of electricians earn more than $96,580 annually.

Statistic 8

The construction sector, which employs many skilled trades workers, is set to grow 11% from 2016 to 2026.

Statistic 9

Welders earn a median annual wage of $42,490.

Statistic 10

60% of construction leaders have increased their investment in training for skilled trade jobs in the last decade.

Statistic 11

Over 30% of workers in the most common skilled trade jobs are aged 55 or older.

Statistic 12

Texas is predicted to be the state with the highest demand for skilled trade workers by 2028.

Statistic 13

By 2025, an estimated 2.5 million new skilled trades workers will be required in Canada.

Statistic 14

Australia is anticipated to experience a shortage of 85,000 skilled trades workers by 2023.

Statistic 15

Skilled trades account for over half of Canada's total business employment.

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In this post, we present a collection of key statistics surrounding the skilled trades industry in various countries, shedding light on aspects such as workforce demographics, wages, gender representation, and growth projections. From the median pay of electricians to the increasing demand for skilled trade workers in different regions, these statistics paint a clear picture of the current landscape and future trends in the skilled trades sector.

Statistic 1

"The skilled trades workforce in the U.S. has an average age of 55."

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Statistic 2

"Electricians, one of the prominent trades, have a median pay of $56,180 per year."

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Statistic 3

"There was a 21% growth in the number of women in skilled trades between 2012 and 2017."

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Statistic 4

"Plumbers earn a median annual wage of $55,160."

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Statistic 5

"HVAC technicians have a median pay of $48,730 per year."

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Statistic 6

"Approximately 700,000 women in the United States work in the construction trades."

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Statistic 7

"The highest 10% of electricians earn more than $96,580 annually."

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Statistic 8

"The construction sector, which employs many skilled trades workers, is set to grow 11% from 2016 to 2026."

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Statistic 9

"Welders earn a median annual wage of $42,490."

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Statistic 10

"60% of construction leaders have increased their investment in training for skilled trade jobs in the last decade."

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Statistic 11

"Over 30% of workers in the most common skilled trade jobs are aged 55 or older."

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Statistic 12

"Texas is predicted to be the state with the highest demand for skilled trade workers by 2028."

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Statistic 13

"By 2025, an estimated 2.5 million new skilled trades workers will be required in Canada."

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Statistic 14

"Australia is anticipated to experience a shortage of 85,000 skilled trades workers by 2023."

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Statistic 15

"Skilled trades account for over half of Canada's total business employment."

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Interpretation

The statistics presented indicate a diverse landscape in the skilled trades industry, with trends pointing towards both challenges and opportunities. The aging workforce poses a concern for future labor shortages, highlighting the urgent need for attracting younger individuals to these professions. However, the promising growth projections, increasing number of women in skilled trades, and significant investments in training suggest a positive outlook for the industry. With varying median wages across different trades and regions, there is potential for individuals to pursue financially rewarding careers in skilled trades. As demand continues to rise globally, policymakers and industry stakeholders must collaborate to address the evolving needs of the skilled trades sector to ensure its sustainability and continued contribution to economic growth.

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