HVAC-Plumber SEO Webmasters reveals some relevant plumbing industry statistics in the following post. We will analyze each stat to show you how you can leverage recent trends to modernize your business and keep an edge over your competitors.
The world has gone through some pretty drastic changes just in the last year. These changes have trickled down to almost every industry imaginable. Through the pandemic, with technological advances and the preferences of consumers and homeowners, the plumbing industry’s demands are different.
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Top Plumbing Industry Statistics for 2024
- The U.S. plumbing sector is a 126.4 billion-dollar industry
- There are approximately 113,000 plumbing businesses in the U.S.
- Plumbers earn a median salary of $60,090 and $28.89 per hour
- The plumbing and pipe-fitting industries will grow by 4% over the next eight years
- About 70% of plumbers with a marketing agency are unhappy with the results
- The smart bathroom fixture market will be worth $6.6 billion by the year 2027
- 48% of consumers report that their first contact with companies they are looking to hire comes via a mobile device
Service-Related Plumbing Statistics
- The average sewer line installation costs between $3,000 and $3,500
- The average gas line installation costs between $600 and $800
- The average whole house repiping costs $7,700
- Slab leak repair costs vary greatly, ranging from $300 to $2,500
- The average water heater replacement costs $1,600
The U.S. plumbing sector is a 126.4 billion-dollar industry
Despite economic fluctuations, the plumbing industry remains strong and sustainable for the near future. While A.I. technology may impact other forms of labor, plumbers can remain confident for the foreseeable future.
There are approximately 106,000 plumbing businesses in the U.S.
The high number of plumbing businesses is encouraging for the industry at large, but it also signals a competitive landscape for local customers. As a result, it’s important to implement an effective digital marketing strategy.
Plumbers earn a median salary of $60,090 and $28.89 per hour
The median plumber salary is higher than the U.S. median salary for all jobs, which is a badge of honor for the industry and encouraging for aspiring plumbing contractors.
The plumbing and pipe-fitting industries will grow by 4% over the next eight years
The plumbing industry’s growth is projected to ascend over the better part of the next decade, making it one of the most appealing industries for business owners.
About 70% of plumbers with a marketing agency are unhappy with the results
While digital marketing is vital to plumbing success, it’s worth noting that the vast majority of plumbers are unhappy with their current marketing agency. As a result, finding one of the few competent marketing firms can separate your business from competitors.
The smart bathroom fixture market will be worth $6.6 billion by the year 2027
Technology will impact the plumbing industry in a mostly positive manner. For example, the smart bathroom fixture market will reach peak value by 2027 and provide new service opportunities for plumbing companies.
48% of consumers report that their first contact with companies they are looking to hire comes via a mobile device
Consumer behavior demonstrates an increasing trend of searching for “plumber near me” and similar queries on their mobile devices. It’s simple for plumbing companies to optimize their mobile website to rank for these terms, yet most still do not go through with it.
The average sewer line installation costs between $3,000 and $3,500
Factors impacting the final cost include location, county regulations, sewer line length, materials used, and property type. As a result, the price may exceed the national average or fall short.
The average gas line installation costs between $600 and $800
The cost of gas line installation depends mainly on the property’s location. For instance, urban gas line installation requires horizontal directional drilling, whereas rural does not. Therefore, the service is less expensive for properties in rural areas.
The average whole house repiping costs $7,700
Pipe accessibility influences the cost of whole-house repiping as labor costs increase when pipes are difficult to access. Of course, the home’s size also plays a role in the final price, as does your choice of materials.
Slab leak repair costs vary greatly, ranging from $300 to $2,500
The reason for such a wide range in slab leak repair costs stems from the leak’s location. For example, the leak may originate in the water line or drain line, while in more severe cases, the foundation itself is the source.
The average water heater replacement costs $1,600
The primary variable for water heater replacement cost is unit size. A 30-gallon unit replacement is the cheapest, while an 80-gallon unit is the most expensive. The type of water heater also plays a role as tankless, gas, and electric water heaters vary in replacement cost.
Analyzing Plumbing Industry Statistics
The Industry is Healthy
The plumbing industry is healthy and profitable in 2024. Business owners can feel comfortable that there is money to earn with good marketing and performance. The median salary for plumbers is just over $60,000 allowing for it to remain an appealing employment option.
Furthermore, the industry itself is worth 126.4 billion. In addition, the industry is expected to grow by 4% over the next eight years.
Plumbers Don’t Trust Marketing Agencies
Nearly 70% of plumbing companies with a marketing agency are unhappy with the results. This is a troubling statistic because competing in 2024 requires SEO for plumbers. Over 70% of clicks come from either Google Maps 3-Pack results or traditional organic results.
Smart Bathroom Fixtures are Booming
Experts estimate that the smart bathroom fixture market will be worth $6.6 billion by the year 2027. What does this mean for plumbers? It means that the demand for smart fixtures like Bluetooth showerheads and digital faucets is rising.
Suppose you aren’t already familiar with installing and servicing these types of fixtures. In that case, you could get left in the dust in 2024 and beyond. Plumbers should also be ready to explain the benefits of these types of fixtures to millennial homeowners.
Mobile Users Are Ready to Buy
69% of smartphone users report they will purchase from companies that answer queries and concerns via a mobile website. In other words, more people are now using mobile devices to search for home services than ever before.
So, what can you do as a plumber? Make sure that your website and landing pages are accessible and optimized for mobile users.
Plumbing Service Costs Vary by Location
The cost of plumbing services varies by service type and location. As a marketing agency that works with plumbers from all over the United States, we understand that targeting the correct service types can yield legitimate ROI.
Final Thoughts on Plumbing Industry Statistics
The plumbing industry is in a good place and primed for companies to profit in 2024. However, the formula for success requires a strong digital marketing presence, which is difficult to achieve with low-quality agencies.
Plumbing businesses that invest in the highest quality marketing will find themselves in an exclusive percentile of business owners that are dominating the industry.
