Plumbing Services in Australia Industry Market Research Report Now Updated by IBISWorld

The contraction of the commercial building market over the past five years has been a challenge for the resilient Plumbing Services in Australia. For this reason, industry research firm IBISWorld has updated its report on the Plumbing Services industry in Australia.

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IBISWorld Market Research

IBISWorld Market Research

The commercial and industrial building market has contracted, dampening demand for plumbing fixtures and fittings on new buildings

Melbourne, Australia (PRWEB) February 06, 2014

The Plumbing Services industry in Australia has shown resilience through variable demand conditions since the late 2000s. The onset of the global financial crisis dampened consumer and business confidence. According to IBISWorld industry analyst Anthony Kelly, “this in turn drove down investment into housing and commercial buildings, which affected demand for plumbing installation services.” The value of total housing construction is projected to climb over the five years through 2013-14, while the commercial and industrial building market is projected to contract, significantly dampening demand for the installation of plumbing fixtures and fittings on new buildings. The industry was given some reprieve by the Federal Government's stimulus packages, which invested over $21.0 billion in school refurbishment and housing projects. The industry also derived work from reconstruction activity in the aftermath of the severe flooding of the eastern states in 2010-11.

Industry revenue is projected to increase by an annualised 1.0% over the five years through 2013-14, to total $12.5 billion. “This includes growth of 2.0% in the current year, in response to the cyclical growth of investment into the new housing construction markets, which is driving demand for plumbing installation services,” says Kelly. Contractors will also continue to generate work on emergency repair and maintenance projects. The number of industry enterprises is projected to trend up by an annualised 0.7% over the five years through 2013-14, as many plumbers look to start their own businesses to capture greater profit margins. The industry comprises many small-scale contracting firms (98.0% employ fewer than 20 people), but facility management companies are the largest players in the Plumbing Services industry. Market share concentration is therefore very low, and there are no major players in the industry.

The pace of industry expansion is projected to strengthen moderately over the next five years. This will be underpinned by growth in alteration and repair work done on existing housing. Consumer and business sentiment are expected to rise, resulting in an increase in the number of housing commencements. Low interest rates will also provide an incentive for households and businesses to acquire credit and commit to investment while the price of borrowing is low.

For more information, visit IBISWorld’s Plumbing Services report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

This industry consists of contractors that provide general plumbing services. This includes installing and repairing water, sewerage, drainage and gas systems.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.


Contact

  • Gavin Smith
    IBISWorld
    +61 396553838
    Email