Pipe up: Accelerating downstream construction markets will boost industry performanceAbstractPlumbing Service Franchises
The Plumbing Service Franchises industry’s performance is directly linked to building construction markets and consumer spending levels, both of which have expanded over the five years to 2017. Consequently, over the five years to 2017, IBISWorld expects that industry revenue will increase. The industry also benefits from stable demand from homes and businesses that need repair and maintenance of water delivery systems. Maintenance work accounts for a sizable share of the industry and is a stable source of revenue when construction markets fluctuate. The Plumbing Service Franchises industry is expected to continue expanding over the five years to 2022. Accelerating downstream construction markets and expanding economic activity will boost industry performance over the next five years. Residential construction is anticipated to continue growing, albeit at a much slower rate than the previous period; however, commercial construction is anticipated to grow strongly, as rising consumer spending and corporate profit encourage businesses to expand their facilities.
This industry operates franchised plumbing service companies. Reports in our Business Franchise collection focus solely on the operation of franchised outlets and exclude non-franchise data. They show the total number of franchise outlets, total franchise revenue and the average profit margins earned by franchisees.
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.