III. Industry Analysis
As long as buildings have indoor plumbing, there will be a demand for plumbers. Plumbers are essential workers who help to maintain the plumbing and sewer systems in homes, commercial buildings, and across cities. Without their tools, skills, and expertise, the modern world would not have the intricate and complex plumbing system that keeps civilization running.
Therefore, the demand for plumbers remains strong and continues to grow. According to IBISWorld, the plumber industry has grown 2.3% per year over the past five years, and that growth is expected to continue for the foreseeable future. This growth shows that the industry has promise and that it is a good time to start a new plumbing business.