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HVAC Service Franchises in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

HVAC Service Franchises Market Research Report | Business Franchises | Repair & Remodeling Franchises | Jul 2015

Heating up: Demand for HVAC services will rise along with the improving construction market

IBISWorld’s HVAC Service Franchises market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
One Hour Heating & Air Conditioning One Hour Heating & Air Conditioning market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 10-15
3.8%
Annual Growth 15-20
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Profit
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Employment
6,624
Businesses
439
Industry Analysis & Industry Trends

Similar to most industries within the construction sector, the HVAC Service Franchises industry has been rebounding over the past five years. Increasing business activity and consumer spending benefited business expansion plans and supported new commercial construction. As a result of the strong recovery and subsequent growth in downstream markets, industry revenue grew over the past five years. Moreover, improving economic conditions, particularly those in the domestic construction sector, will buoy the industry over the five years to 2020. Significant gains in the value of private nonresidential construction and the value of residential construction are expected to underpin industry revenue growth.... purchase to read more

Industry Report - Industry Investment Chapter

This industry has a low level of capital intensity; HVAC installation, repair and maintenance services rely primarily on labor. In 2015, IBISWorld estimates that for every dollar spent on labor, HVAC franchises spend $0.07 on capital. Franchisees typically employ HVAC specialists, technicians, apprentices and engineers. HVAC technicians need to complete training and certification at vocational schools or community colleges, which take between six months to two years to complete. They also often complete a two- to six-month apprenticeship. As a result, industry franchises pay relatively high wages for skilled labor. On the other hand, transportation vehicles are the only costly capital investment. Tools and safety equipment are cheap to obtain, while office facilities can be rented... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the HVAC Service Franchises Industry?

This industry operates franchised businesses that provide heating, ventilation and air-conditioning services to both residential and commercial customers. Reports in our Business Franchise collection focus solely on the operation of franchised outlets and exclude nonfranchise data. They show the total number of franchise outlets, total franchise revenue and the average profit margin earned by franchisees. Our reports also highlight the largest franchisors by market share.

Industry Products
New construction HVAC installationsExisting structure HVAC installations (i.e. replacements)HVAC maintenance and repairsRefrigeration system installations, maintenance and repairs
 
Industry Activities
HVAC maintenance and repairsIndoor air quality servicesHVAC installation


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