In Australia, there are over 150,000 carpenters working across the country to support a $10 billion industry. For people who have an interest in working as a carpenter, it’s important to understand how future demand could impact employment opportunities over the next decade or more.

Carpentry And The Construction Industry

To better understand the future outlook of the carpentry trade, it’s important to understand its correlation with the construction industry as a whole. Currently, 89 percent of all carpenters work within the construction industry. Construction is a major employer in Australia accounting for nearly 9 percent of all jobs (making it the third-largest employer).

Growth or decline in the construction industry will directly affect the number of carpentry jobs available. Fortunately, government projections anticipate the construction industry to continue growing at 6.8 percent each year over the next five years. This will require an additional 66,400 workers in the construction field. This growth is incredible considering the industry suffered a temporary decline due to the COVID-19 pandemic.

Skilled Labour Shortages in Australia

When it comes to employment, most experts view the construction industry as one of the fastest-growing. The good news is that there will be plenty of future opportunities for people who are interested in becoming carpenters. Companies are becoming increasingly desperate to attract the talent they need to get the work done. More and more people are pursuing 4-year degrees instead of traditional trades (electricians, plumbers, carpenters, etc.) According to the National Skills Commission (NCS), over 40 percent of all trade occupations are experiencing a shortage of workers.

People who have a carpentry background should find it easy to find work. The training to become a carpenter can be a barrier to some people. The cost and time commitment to get the experience needed for this occupation will keep unqualified people out.

Working Hard To Protect Australian Carpenters

Carpenters spend a lot of time, effort, and money to become qualified in their line of work. A simple mistake or error could result in significant financial liability. For this reason, it’s important to carry the right level of liability insurance. It’s critical that you protect the investment that you made in yourself and your career. At upcover, we are here to help carpenters find business insurance. Check out our instant quote generator where you can get an estimate on market-leading insurance in seconds! Simply enter your occupation and expected revenue to get started.