Frozen pipes: Falling nonresidential construction will cause industry revenue to decline
Plumbing in Canada At the start of this period, a strong expansion of the housing market alongside steady economic growth caused new construction activity to increase. Since the industry’s performance is so closely linked to building markets and consumer spending, which determines the extent to which households renovate kitchens and bathrooms, demand for plumbing contractors increased.
Nonresidential building construction activity also increased as consumer spending and corporate profit caused an expansion in the business sector. These factors led to steady revenue growth over the five years to 2017. Over the five years to 2022, expanding downstream construction markets and increasing economic activity are forecast to bolster the industry’s performance.
This industry installs and services plumbing fixtures, fittings and equipment. Industry activities include work on household pipes and drains, installation of gas cooking and heating appliances and work on bathroom and toilet fixtures and venting systems. Emergency repair work (e.g. unclogging drains or repairing burst water mains) represents a significant source of industry revenue. Contractors may also supply plumbing appliances, pipes and coupling products for projects.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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This report forecasts plumbing fixture and fitting demand and shipments in nominal US dollars at the manufacturer level in Canada to 2021. Total demand is segmented by product in terms of: bathtub and shower fixtures, toilets, lavatory fittings, sinks, bathtub and shower fittings, and other products. Total demand is...