Plumbing · Richmond, VA

Plumbing Market in
Richmond, VA

$106M TAM · Market Score 39/100 · Ranked #48 of 925 MSAs by TAM

Bottom-up market data for the Richmond, VA MSA. Sourced from PinpointIQ's MSA-level intelligence platform.

Total TAM
$106M
rank #48 of 925
Market Score
39/100
rank #718 of 925 · 22th percentile
Operators
465
8,649 employees
Pop. growth (5-yr)
5.6%
rank #245 of 872

Market Score breakdown

How Richmond scored 39/100 for Plumbing

PinpointIQ's Market Score is a percentile-weighted composite. The components + weights are set per vertical. Richmond ranks in the 22th percentile nationally for Plumbing.

ComponentWeightValuePercentile
% Housing Pre-198035%43.5731
Fragmentation Score35%00
Total Housing Units30%569,71495

TAM by segment

$106M in Richmond broken down by segment

Plumbing Service
$40M
37% of total TAM
Plumbing Repipe
$33M
31% of total TAM
Plumbing New Install
$33M
31% of total TAM

Demographic snapshot

Who lives and buys in Richmond

Population
1,341,248
5.6% 5-yr growth
Median HH income
$86,679
24.8% HHs $150K+
Housing units
569,714
16.7% age 65+
GDP per capita
$85,369

Frequently asked questions

Plumbing market in Richmond: common questions

How big is the plumbing market in Richmond, VA?

The plumbing market in Richmond, VA has a total addressable market of $106M, calculated bottom-up from U.S. Census, BLS, and IRS County Business Patterns data at the census-tract level. This makes Richmond the #48 largest plumbing market of 925 U.S. MSAs.

How many plumbing companies are in Richmond?

PinpointIQ tracks 465 plumbing establishments in the Richmond MSA, employing approximately 8,649 people. Establishment counts are sourced from IRS County Business Patterns and refreshed monthly.

How does Richmond rank nationally for plumbing?

Richmond scores 39/100 on PinpointIQ's Plumbing Market Score, ranking #718 of 925 U.S. metros — the 22th percentile nationally. The Market Score is a percentile-weighted composite of the vertical-specific drivers that make a metro attractive for plumbing operators and investors.

What drives plumbing demand in Richmond?

PinpointIQ scores Richmond's plumbing market on 3 components: % Housing Pre-1980 (35% weight, 31th percentile); Fragmentation Score (35% weight, 0th percentile); Total Housing Units (30% weight, 95th percentile). The weights are calibrated to the plumbing vertical and applied consistently across every U.S. MSA.

What are the biggest plumbing sub-segments in Richmond?

Richmond's $106M plumbing TAM breaks down into: Plumbing Service ($40M, 37% of TAM); Plumbing Repipe ($33M, 31% of TAM); Plumbing New Install ($33M, 31% of TAM). Segment sizes reflect PinpointIQ's bottom-up model at the census-tract level.

Is Richmond growing? How does population affect the plumbing market?

Richmond has a population of 1,341,248 and has grown 5.6% over the last 5 years. Population change is one of the drivers of plumbing demand and factors into PinpointIQ's Market Score alongside vertical-specific attractiveness metrics.

TAM figures reflect PinpointIQ's bottom-up market size model built from U.S. Census, BLS, IRS County Business Patterns, and other public + commercial sources at the census-tract level. Market Score is PinpointIQ's percentile-weighted composite; the components and weights are set per vertical and shown above. Data refreshed monthly.

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