Although lack of available product and labor are ongoing factors within the residential plumbing sector, there is certainly no lack of opportunity. According to the 2021 North American Plumbing Fixtures Market Report, compiled by Grand View Research, the plumbing fixture market ended 2020 with a $22.4 billion value and it is expected to grow at a rate of 7.5% from 2021 to 2028. The report credits this growth to the increasing number of construction projects of residential buildings, hotels, restaurants and airports, along with the growing need for modernized bathrooms and kitchens.

Residential plumbing contractors agree, adding that routine service calls have increased as well.