Friday, February 25, 2022

Questions and answers

 1. What is the future of plumbing?

The Bureau of Labor Statistics predicts that the plumbing industry will grow by 24% from 2014 to 2024. But just as the competition is heating up, so is demand for plumbers. In fact, reports suggest that no plumbing company holds more than 1% of the market share in terms of revenue.  

2. How big is the plumbing industry in US?

With a $107 billion market size in 2021, the plumbing industry is ranked 5th in the overall construction industry by market size and the 98th largest in the United States.

3. How much do plumbers make?

 CNBC Make It spoke with plumbers, students and administrators about the costs of training, how much plumbers really earn and what it's like to work in the profession. ... According to the Bureau of Labor Statistics, the median pay for plumbers, pipefitters and steamfitters was $25.92 per hour and $53,910 per year in 2018.

4. Why is plumbing so expensive?

Another reason plumbers are so expensive is that the demand for plumbers is higher than the supply. ... When demand is high, and supply is low, prices increase to balance these two factors. Plumbing is a high-demand profession.

No comments:

Post a Comment