Industry Analysis & Industry Trends
Similar to most industries within the construction sector, the Heating and Air Conditioning industry has been quite volatile over the past five years. In 2009, new residential and nonresidential construction went into historic decline. Business expansion plans were also halted and cut into new commercial construction, while the large number of unsold homes on the market discouraged new residential construction. At the same time, falling per capita disposable income prevented consumers from upgrading heating, ventilation and air-conditioning (HVAC) systems. Nevertheless, demand for industry services is projected to heat up over the next five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Heating and Air Conditioning industry has a low level of concentration, as no industry firm accounts for more than 5.0% of total industry revenue. The majority of industry operators are smaller firms that specialize in specific regions or kinds of HVAC systems. According to the US Census and IBISWorld estimates, 62.3% of enterprises in the industry employ one to four people. Conversely, only 1.0% of firms employ 100 or more people. About 16.0% of HVAC contractors are self-employed, according to the Bureau of Labor Statistics Occupational Handbook.
The industry's low concentration will likely continue in the five years to 2019... purchase to read more