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HVAC Service Franchises: Market Research Report

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

HVAC Service Franchises Market Research Report | NAICS OD5583 | Oct 2016

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

The HVAC Service Franchises market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$889m
Annual Growth 11-16
3.5%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
3,367
Businesses
392
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
  • ... purchase to read more

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... ... purchase to read more

Industry Report - Starting a New Business Chapter

Starting a franchise requires a small, but significant initial investment. For example, individuals interested in launching a One Hour Heating and Air Conditioning franchise will incur startup costs of anywhere between $77,000 and $550,000. While this poses a barrier to prospective franchisees, the most significant hindrance to entering the industry is the established reputation of existing companies. A solid reputation for quality, reliability and value cannot be built overnight, and so new entrants will need to forge relationships with a variety of manufacturers, wholesalers and building developers, as well as market their services to homeowners. New.. ... purchase to read more

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... purchase to read more

     


    Industry ProductsRelated Reports

    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 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


    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
  • Chart: Revenue Growth
  • Industry Outlook
  • 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
  • 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 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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