Global plumbing industry set for major surge by 2015

Despite the recession and the volatile economy, the global construction industry is expected to boom in the next decade. And it seems like the plumbing world is set to grow along with it.

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.

As plumbers and trainee plumbers, what do you think about this report and the future of the industry? Comment on here or let us know on the Train4TradeSkills Facebook and Twitter pages.

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About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

Posted on April 6, 2011, in construction jobs, construction news, plumbing, plumbing courses, plumbing jobs, Plumbing News, train4tradeskills and tagged , , , , , , , , , . Bookmark the permalink. 1 Comment.

  1. This is excellent news! Good for plumbers and good in general for the economy!

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