Boring is Exciting
When thinking about business opportunities, industries like plumbing, pest control, and janitorial services might not immediately spark excitement. But these essential services are experiencing significant growth, making them prime opportunities for entrepreneurs and investors looking for stability and long-term returns.
Plumbing: A Growing Industry with Massive Potential
The plumbing industry has shown consistent expansion over the past decade. In 2023, the U.S. plumbing market was valued at approximately $126.40 billion, with projections indicating continued growth. This demand is driven by urbanization, infrastructure upgrades, and the increasing need to replace aging plumbing systems.
Employment prospects are also promising. The U.S. Bureau of Labor Statistics projects a 6% growth rate for plumbers through 2033, outpacing many other occupations.
In fact, plumbing businesses are creating significant wealth. The Wall Street Journal recently highlighted how America’s new wave of millionaires includes plumbing and HVAC entrepreneurs who have built booming service businesses.
Pest Control: Consistent Growth in an Essential Service
The pest control industry is thriving, with the global market valued at $19.73 billion in 2019 and projected to reach $42.79 billion by 2032. This growth is fueled by urban expansion, stricter regulations, and increased awareness of health and hygiene.
In the U.S., the sector continues to thrive with a steady rise in demand. Statista reports consistent industry growth as consumers and businesses prioritize pest-free environments for health and safety.
Janitorial Services: Critical for Health and Safety
While often overlooked, janitorial services are a foundational part of maintaining healthy and productive spaces. Though specific growth statistics are limited, the ongoing emphasis on hygiene post-pandemic is driving strong demand for professional cleaning services.
Businesses, schools, and public institutions require consistent cleaning solutions, creating a steady stream of demand in this sector. The global push for safer, cleaner spaces ensures janitorial services remain a vital and growing industry.
Why ‘Boring’ Means Big Opportunity
Industries like plumbing, pest control, and janitorial services may not be flashy, but they offer:
• Consistent demand: These services are essential and non-negotiable for homes and businesses.
• Growth potential: As demonstrated by the millionaire tradespeople, these sectors offer serious financial opportunity.
• Recession resistance: People always need clean water, pest control, and safe environments—no matter the economy.
If you’re considering where to invest or launch your next business, don’t overlook these “boring” industries. Sometimes, the most reliable and essential services offer the most exciting opportunities for long-term growth and success.
