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Working in the plumbing field can offer people great pay and steady work. It’s important to evaluate how the industry may look in the future. Before selecting this career path, aspiring plumbers should understand if there will be a future demand for plumbing work in Australia in the future.
Historically, the plumbing industry has experienced steady growth as cities and towns across Australia have continued to grow and develop. During the COVID-19 pandemic, the plumbing trade saw a 4 percent decline in revenue. Compared to other impacted industries, this was relatively minor. While the decline in demand is expected to continue through 2025, many experts expect a solid rebound. Despite this decline, the industry is still valued at over $17 billion.
The good news is that plumbing services are an essential component of modern infrastructure. Homes, restaurants, and other businesses rely on plumbers to keep their water and sanitation systems operating. In addition to the ongoing maintenance, new construction will also impact the need for plumbing professionals. This may vary depending on the economic development of certain cities, states, and territories.
While growth in the construction industry will bring more plumbing work, a shortage in the number of available plumbers is expected to rise. Currently, Australia is experiencing a shortage across many trades (plumbers, electricians, etc.). As older tradesmen reach retirement age, there are few workers available to replace them. In recent years, the majority of students have chosen to pursue 4-year degree programs instead of traditional trades. According to the National Skills Commission, over 40 percent of all technician and trade occupations don’t have enough workers to fill available roles.
The obvious solution is to simply train more plumbers. However, the high cost of certification and the amount of time required to become qualified may still deter some workers from this field. For people who are serious about becoming a plumber, this will provide a competitive advantage in the market.
While plumbing can offer great earning potential, a single lawsuit can bring serious financial penalties. Having the right insurance protection in place can remove most of this risk. At upcover, we’re dedicated to helping plumbers find the right liability insurance policies to protect them. Check out our instant quote generator where you can get an estimate on market-leading insurance in seconds! Simply enter your occupation and expected revenue to get started.
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