Temperature rising: Growing construction activity in Ohio has boosted industry revenue

Over the five years to 2018, revenue for the Heating and Air Conditioning Equipment Manufacturing industry in Ohio is expected to fall. Despite an overall increase in demand from the industry's key end markets, such as the residential and nonresidential construction sectors, the industry in Ohio manufactures generic industry-relevant equipment whose prices are not competitive. Overall construction activity in the state has also increased over the past five years. This trend has helped increase demand; however, limited product and customer diversity among industry operators has limited revenue and profitability growth. Over the five years to 2023, industry revenue is expected to increase...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-1.7%
Forecast Growth 18-23
x.x%lock
Profit
x.x%lock
Employment
7,003
Businesses
84
Market Share of Companies

Industry Threats & Opportunities

  • Overall construction activity in the state has increased, boosting industry demand

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    Additional Insights for the Heating & Air Conditioning Equipment Manufacturing in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heating & Air Conditioning Equipment Manufacturing in Ohio Industry are

  • Availability of resource
  • Ability to vary services to suit different needs
  • Ability to accommodate environmental requirements

    • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction in Ohio and Value of residential construction in Ohio in the Heating & Air Conditioning Equipment Manufacturing in Ohio industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Heating & Air Conditioning Equipment Manufacturing in Ohio Industry?

    Companies in this industry manufacture residential, commercial and industrial heating, ventilation, air conditioning and refrigeration (HVACR) equipment. Industry revenue includes miscellaneous receipts for the resale of products without further manufacturing, contract work done for others on respective items and acknowledgements for repair, scrap and refuse sales. Automotive units are excluded from this industry.

    Industry Products
  • Industrial, commercial fan and blower and air purification equipment
  • Heating equipment (except warm air furnaces) manufacturing
  • Air conditioning and warm air heating equipment and other products
    • Industry Activities
  • Manufacturing air conditioning, warm-air heating and refrigeration equipment
  • Manufacturing heating equipment (except warm-air furnaces)
  • Generating receipts from resales and service work
  • Manufacturing air purification equipment
  • Manufacturing commercial and industrial fans and blowers
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction in Ohio
  • Value of residential construction in Ohio
  • Manufacturing GDP for Ohio
  • World price of steel
  • Industrial production index

    • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heating & Air Conditioning Equipment Manufacturing in Ohio Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Plumbing & Heating Supplies Wholesaling
  • Heating & Air Conditioning Wholesaling
  • Refrigeration Equipment Wholesaling
  • Refrigerated Storage
  • Commercial Building Construction
  • Municipal Building Construction

    • Key Selling Industries
  • Aluminum Manufacturing
  • Electrical Equipment Manufacturing
  • Ferrous Metal Foundry Products
  • Metal Pipe & Tube Manufacturing
  • Navigational Instrument Manufacturing
  • Screw, Nut & Bolt Manufacturing
  • Valve Manufacturing

    • Products & Services
  • Air conditioning and warm air heating equipment and other products
  • Industrial, commercial fan and blower and air purification equipment
  • Heating equipment (except warm air furnaces) manufacturing
  • Chart: Heating & Air Conditioning Equipment Manufacturing in Ohio Industry Products and Services Segmentation

    • Major Markets
  • Nonresidential sector
  • All Other
  • Residential sector
  • Chart: Major Market Segmentation for the Heating & Air Conditioning Equipment Manufacturing in Ohio Industry

    • Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Heating & Air Conditioning Equipment Manufacturing in Ohio

    • Basis of Competition
    Barriers to Entry

    Major Companies

    Johnson Controls International PLC, American Warming and Ventilating, Bard Manufacturing, Morrison Products,
  • Table: Johnson Controls International PLC - financial performance
  • Table: American Warming and Ventilating - financial performance
  • Table: Bard Manufacturing - financial performance
  • Table: Morrison Products - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Heating & Air Conditioning Equipment Manufacturing in Ohio Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Heating & Air Conditioning Equipment Manufacturing in Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of Private Non-residential Construction in Ohio (2009-2023)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Chlorofluorocarbons
  • A common type of refrigerant used in air conditioning systems that is being phased out because it contributes to depleting the ozone layer; usually abbreviated as CFCs.
    • Hydrochlorofluorocarbons
  • A type of CFC, known in the industry as HCFC-22, that is thought to be more environmentally friendly than other chemicals, but is currently being phased out.
    • Refrigerant
  • A chemical compound or coolant used to achieve low temperatures in air conditioning and refrigeration equipment.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Heating & Air Conditioning Equipment Manufacturing in Ohio Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Heating & Air Conditioning Equipment Manufacturing in Ohio:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Heating & Air Conditioning Equipment Manufacturing in Ohio market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Heating & Air Conditioning Equipment Manufacturing in Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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