The plumbing market - Italy

The global plumbing market, valued at $75 billion in 2016, was projected to grow at a CAGR of 6% and reach $113 billion by 2023. However, the COVID-19 pandemic had a significant negative impact on the market, with a marked decrease in revenue from plumbing installations and tap/valve manufacturing in Italy, falling from €19.1 billion in 2019 to €14.1 billion in 2020, and from €9.6 billion to €7.9 billion, respectively. The Italian market, primarily driven by housing construction requires plumbing systems and appliances, is expected to recover by 2023-24. Despite the pandemic-induced slump, the demand for smart homes and related plumbing technologies is on the rise, potentially providing a boost to future market growth. The Italian plumbing market, highly concentrated in residential sectors and valued at approximately €20 billion, faces challenges from rampant fiscal fraud and DIY trends but continues to be supported by renovations and new housing developments..Italian Plumbing Market: Navigating Consumer Demand and Transformations The Italian plumbing market, part of the broader construction and engineering industry, is a significant contributor to the national economy, especially highlighted by the prominent Italian production of hydraulic pumps. Valued at approximately 20 billion euros, this market is mainly concentrated in residential sectors, with construction being the principal driving force and accounting for the vast majority of plumbing systems and appliance installations. Remarkably, nearly 90% of plumbing services and interventions take place within homes, underscoring the sector's focus on domestic settings. Consumer behavior has experienced shifts due to heightened environmental awareness and an emphasis on sustainability. The urgency for resource conservation is shaping innovations within the hydraulic offerings, as demonstrated by the demand for modern, eco-friendly appliances and systems. Moreover, the sector's workforce structure is evolving, with new small businesses, including on-demand professional startups, gaining traction. The global plumbing market, valued at 75 billion dollars, is projected to grow to 113 billion dollars at a compound annual growth rate of around 6%. Factors fueling this growth include rapid urbanization, rising standards of living, and the advent of smart homes. Plumbing work in Italy has traditionally been carried out by a multitude of small and medium-sized enterprises (SMEs), rendering the market highly fragmented. However, a select few large players, such as Kohler Co and Toto Ltd., provide products and systems on a global scale. Italy's plumbing sector encountered significant setbacks due to the COVID-19 pandemic, with the halting of manufacturing and plumbing services during lockdown periods. Despite these challenges, there's an anticipation for a gradual recovery by 2023-24, supported by increased attention to home renovations and DIY projects. Post-pandemic, DIY plumbing has gained popularity, with nearly half of Italians demonstrating a change in attitude toward such consumer practices. Residential construction and renovation play pivotal roles in the plumbing sector, given that all forms of housing require plumbing systems. Although new residential construction has seen a decline post-2012, there has been a recovery trend since 2017. Residential renovations, too, command a significant portion, with close to 50 billion euros spent in 2018, including various plumbing-related works. Italians face numerous issues with residential plumbing, like water leaks and mistrust in tap water's cleanliness, particularly pronounced in southern regions. These concerns reflect the need for maintenance and renovations in Italian households. Most plumbing requirements stem from the need to upgrade or maintain existing systems, with the majority of home improvements,.### Key Players in the Italian Plumbing Market The plumbing market in Italy boasts a diverse range of actors, encompassing generalist service providers, specialized plumbing companies, and DIY stores, each playing a pivotal role in servicing different facets of the industry. Below is an overview of the main players within this market, highlighting their unique contributions and specializations. #### Generalist Service Providers - **ENGI Servizi S.P.A**: A versatile giant in the service industry, ENGI Servizi S.P.A offers a comprehensive suite of services including heating, electrical work, and plumbing, making it a one-stop-shop for customers seeking multiple home improvement solutions. - **SIRAM S.P.A**: Standing as another colossus in the field, SIRAM S.P.A provides a broad array of services, engaging in heating, electrical, and plumbing projects across residential and commercial sectors, indicating its expansive operational capacity. - **AR.CO**: AR.CO secures its place in the market by offering a wide range of services. Its blend of expertise in heating, electrical, and plumbing positions it as a formidable competitor and a reliable option for comprehensive installation and maintenance needs. #### Plumbing Specialists - **Aflutec**: Known for its sharp focus on plumbing, Aflutec caters to a niche clientele who require detailed and specialized plumbing services, strengthening its reputation by honing its core competencies. - **Antonacci Termoidraulica S.R.L**: Antonacci Termoidraulica S.R.L prides itself in delivering high-quality plumbing services, emphasizing customized solutions tailored to the specific needs of each client. - **Gobbi Impianti**: Gobbi Impianti stands out for its dedication to excellence in plumbing solutions, with a strong commitment to customer satisfaction and service reliability. - **G.I. Generali Impianti**: Bringing a wealth of experience to the table, G.I. Generali Impianti focuses on delivering top-notch plumbing services and building long-term relationships with its clients through consistent performance and trust. #### DIY Stores - **Leroy Merlin Italia**: A powerhouse in the DIY market, Leroy Merlin Italia supplies a vast selection of plumbing supplies, tools, and accessories for the amateur and professional alike, promoting the DIY spirit in the realm of plumbing. - **Bricocenter**: As a key player in the DIY segment, Bricocenter offers an extensive range of plumbing materials and products, catering to the growing trend of self-conducted home repairs and renovations. - **Castorama

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• Pagine : 30 pags
• Formato : Versione PDF e digitale
• Ultimo aggiornamento : 23/11/2021

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Grafica

• Plumbing and plumbing fixtures market
• Plumbing installations and interventions
• Systems and appliance installations in buildings
• Production value of electrical, plumbing and other systems
• Revenue of the wholesale of hardware plumbing and heating supplies
• Revenue of plumbing/heating/AC installations and tap/valve manufacturing
• Spending intention on DIY products in the near future
• New residential construction permits
• Residential renovations
• Percentage of families with water distribution problems or leaks in their household, by region
• Percentage of families who don't trust the cleanliness of tap water for drinking purposes
• Average expenditure for household renovations
• Leading home improvement services requested, by average expenditure
• Response to the question: "If Santa Claus gave you 10.000 euros, how would you spend them?"
• Response to the question: "What expenses are you planning to make this year?"
• Market value of DIY and bricolage
• Response to the question: "Who carried out the renovation works?"
• Reasons for doing household repairs and renovations yourself
• Most common home repair/improvement interventions
• Number of plumbing companies, by legal form
• Largest plumbing system installation/reparation companies, by revenue
• Average monthly expenditure by Italian families on different goods and services

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