New market analysis for the plumbing and electrian industry
The plumbing and electricity companies are performing well. That is the overall conclusion of the new report Kraka Advisory made for TEKNIQ Arbejdsgiverne. In this report, we analysed the general state of the Danish economy, along with the production and labour market for plumbers and electricians. Since 2013 the industry has seen high growth rates in revenue and employment, with the unemployment rate decreasing to a point that it could hinder continued growth in the sector. The positive trends for revenue and employment continued in 2019, but at a slower pace. The slower pace might be something the industry will have to get used to in coming years, as construction is projected to slow down in the coming years, and as the crisis following the Coronavirus creates an uncertain future for the companies.