Plumbers in the US - Market Research Report (2014-2029)

Plumbers provide an essential service to a wide variety of construction and renovation activities, though the construction of nonresidential buildings is the industry's primary market. This market encompasses investments in office buildings, hospitals, factories, power plants, retail stores, schools and entertainment centers. Following a decline amid the COVID-19 pandemic, nonresidential construction has performed well, with a surge in online shopping driving increased warehouse construction, government spending driving manufacturing and infrastructure construction and, more recently, the rise of AI contributing to growing data center construction. At the same time, rapidly growing materials prices and wage costs have driven up plumbers' rates, further bolstering revenue but putting pressure on profit.