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 Locations Chapter
The distribution of industry franchises closely follows that of population and economic activity; however, environmental factors, such as climate, also play a role. For example, homes, apartments and other buildings in southern states, such as Florida and Alabama, are more likely to be outfitted with air conditioning systems than northern states with cooler climates. Similarly, in areas of the country where it stays warm year-round, there is less of a need for central heating systems.
Accounting for 25.6% of heating, ventilation and air conditioning (HVAC) service franchises in 2015, the Southeast’s share of industry activity closely follows that of its population share. The region houses more than a quarter of the US population... purchase to read more