Overview

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

IBISWorld’s HVAC Service Franchises market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Rising corporate profit and disposable income will enable consumers to upgrade their existing HVAC systems
  • The industry received a boost in the form of government-sponsored incentives
  • Mounting downstream demand will support industry profitability

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    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 2021. Significant gains in the value of private nonresidential construction and the value of residential construction are expected to underpin industry revenue growth...

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    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, central heating systems are much more important in northern states or areas prone to low temperatures and harsh winters. However, unlike air conditioning, most homes have some sort of central heating system regardless of local climate.

    Southeast

    Accounting for 25.3% o..

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    Additional Insights for the HVAC Service Franchises Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the HVAC Service Franchises Industry are

  • Having a good reputation
  • Management of seasonal production
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Housing starts and Private spending on home improvements in the HVAC Service Franchises industry impact industry performance..

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    Industry Products

    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 IBISWorld’s Business Franchise collection focus solely on the operation of franchised outlets and exclude nonfranchise data. These reports show the total number of franchise outlets, total franchise revenue and the average profit margin earned by franchisees. They also highlight the largest franchisors by market share.

    Industry Products
    New construction HVAC installations
    Existing structure HVAC installations (i.e. replacements)
    HVAC maintenance and repairs
    Refrigeration system installations, maintenance and repairs
    Industry Activities
    HVAC maintenance and repairs
    Indoor air quality services
    HVAC installation

    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
  • Housing starts
  • Private spending on home improvements
  • Value of private nonresidential construction
  • Per capita disposable income
  • Oil and natural gas price index
  • Tax credits for energy efficiency

  • Current Performance
    Demand picks up steamLucrative incentivesIndustry landscape
  • Chart: Revenue Growth

  • Industry Outlook
    Going greenIndustry expansion and profitability
  • Table: HVAC Service Franchises Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - HVAC Service Franchises Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Refrigerated Storage
  • Real Estate and Rental and Leasing
  • Municipal Building Construction
  • Consumers

  • Key Selling Industries
  • Electricians
  • Heating & Air Conditioning Wholesaling
  • Payroll & Bookkeeping Services
  • Refrigeration Equipment Wholesaling
  • Tax Preparation Services
  • Tool & Hardware Wholesaling

  • Products & Services
  • New construction HVAC installations
  • HVAC maintenance and repairs
  • Existing structure HVAC installations (i.e. replacements)
  • Refrigeration system installations, maintenance and repairs
  • Chart: HVAC Service Franchises Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Single-family homes
  • Manufacturing and industrial buildings
  • Other
  • Office buildings
  • Retail and storage spaces
  • Healthcare and public safety buildings
  • Educational buildings
  • Apartment buildings, dormitories and barracks
  • Chart: Major Market Segmentation for the HVAC Service Franchises Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesFranchise fees, marketing, and other costs
  • Chart: Cost Structure Benchmarking – Sector vs HVAC Service Franchises

  • Basis of Competition
  • Internal competition
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the HVAC Service Franchises Industry

  • Industry Globalization
    Major Companies
    One Hour Heating & Air Conditioning
  • Table: One Hour Heating & Air Conditioning - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the HVAC Service Franchises 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 HVAC Service Franchises Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Private spending on home improvements (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Franchisee
  • The party in a franchising agreement that is purchasing the right to use a business's trademarks, associated brands and other proprietary knowledge to open a branch.
  • Green
  • A category that includes goods, services, laws, guidelines and policies that have little to no impact on the natural environment (also referred to as eco-friendly or environmentally friendly.)
  • Heating, Ventilation And Air Conditioning (Hvac)
  • A system used to control the temperature, humidity and air quality in buildings.
  • Refrigerant
  • A substance which produces a refrigerating effect while expanding or vaporizing.
  • Seasonal Energy Efficiency Ratings (Seer)
  • Rating system measures efficiency of heating and cooling systems. Calculated by dividing cooling output for a typical system by total electric energy input for a given period (higher ratings best.)
  • Why buy this report?

    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 HVAC Service Franchises:
    • 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 HVAC Service Franchises 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 HVAC Service Franchises, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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