Global plumbing industry set for major surge by 2015
A recent report from Global Industry Analysts (GIA) on the future of Plumbing Fittings and Fixtures found that the global plumbing industry is predicted to be worth an estimated $49.3 billion by 2015.
The recession hit the construction industry hard on a global scale, but an increased demand in residential construction for new kitchens and bathrooms is set to give the plumbing world a major boost.
The GIA report found that demand for new plumbing fixtures is up, with homeowners preferring to upgrade their existing kitchens and bathrooms with the latest models.
There is also a greater demand for plumbing products that save water and cut down on waste. New products like whirlpool baths and integrated shower systems are expected to be successful and plumbing inventions like the Kibosh, which is a clamp that goes on burst pipes, are expected to hit the market.
The report is positive for the plumbing industry, as a greater demand for plumbing fittings will create more jobs for plumbers all over the world.
Posted on April 6, 2011, in construction jobs, construction news, plumbing, plumbing courses, plumbing jobs, Plumbing News, train4tradeskills and tagged construction, Construction and Maintenance, Global Industry Analysts, Kibosh, Plumber, plumbing, plumbing industry, plumbing jobs, t4ts, train4tradeskills. Bookmark the permalink. 1 Comment.