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Heating & Air-Conditioning Contractors in the US: Market Research Report

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

Heating & Air-Conditioning Contractors Market Research Report | NAICS 23822a | Jan 2017

Turn up the heat: The growing popularity of energy-efficient systems will boost industry demand

IBISWorld’s Heating & Air-Conditioning Contractors market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$88bn
Annual Growth 11-16
4.9%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
468,773
Businesses
105,018
Industry Threats & Opportunities
  • As more homes and commercial structures are built, demand for industry contractors will rise
  • Operators received more contracts for replacing and upgrading HVAC systems in existing structures
  • Accelerating construction markets will continue to boost demand for new HVAC installations
  • ... purchase to read more

Industry Analysis & Industry Trends

The Heating and Air-Conditioning Contractors industry is heavily influenced by activity in the construction market, with the majority of income generated from heating, ventilation and air-conditioning (HVAC) installations in new residential and nonresidential structures. Over the past five years, the rebound of the housing market, along with an increase in economic activity, caused new construction to start picking up in 2011. Nonresidential building construction activity also increased as consumer spending and corporate profit caused an expansion in the business sector... ... purchase to read more

Industry Report - Industry Products Chapter

HVAC installations

Heating, ventilation and air-conditioning (HVAC) installations are expected to account for 62.3% of industry revenue in 2016. The rebound in new construction activity led HVAC installation work to expand as a share of revenue. Conversely, maintenance services that has to be undertaken regardless of economic conditions decreased as a share of revenue.

The increase in installation activity was driven by the rebound and growth of the real estate market during the past five years. Most installation projects are associated with new building construction (51.7% of revenue in 2016), but this segment also includes upgrades and replacement services in existing buildings (10.6%). Bus.. ... purchase to read more

Additional Insights for the Heating & Air-Conditioning Contractors Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heating & Air-Conditioning Contractors Industry are

  • Having a good reputation
  • Management of seasonal production
  • Ability to compete on tender
  • IBISWorld analysts also discuss how external factors such as Housing starts and Private spending on home improvements in the Heating & Air-Conditioning Contractors industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Heating & Air-Conditioning Contractors Industry?

    This industry comprises companies that primarily install and service heating, ventilation, air-conditioning (HVAC) and refrigeration equipment. Operators perform tasks that include new installations, additions, alterations, maintenance and repairs. Plumbing and related activities are not included in this report (IBISWorld report 23822b).

    Industry Products
    New construction HVAC installationsExisting structure HVAC installations (i.e. replacements)HVAC maintenance and repairsRefrigeration system installations, maintenance and repairs
     
    Industry Activities
    Air conditioning system installation (except window units)Air vent installationFurnace conversions (i.e. from one fuel to another)Refrigeration system (e.g. commercial, industrial or scientific) installation Heating, ventilation and air conditioning (HVAC) contractorsFurnace humidifier installationNatural gas fireplace installationDuct work (e.g. cooling, dust collection, exhaust, heating and ventilation) installationVentilation equipment installationHeating and ventilation system component (e.g. air registers, diffusers, and filters) 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
  • Current Performance
  • Downstream demand recovers
  • Effective incentives
  • Industry landscape
  • Chart: Revenue Growth
  • Industry Outlook
  • Downstream demand
  • Effective incentives
  • Table: Heating & Air-Conditioning Contractors Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heating & Air-Conditioning Contractors Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Refrigerated Storage
  • Property Management
  • Commercial Building Construction
  • Municipal Building Construction
  • Consumers
  • Key Selling Industries
  • Electricians
  • Heating & Air Conditioning Wholesaling
  • Refrigeration Equipment 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: Heating & Air-Conditioning Contractors 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 Heating & Air-Conditioning Contractors 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 Heating & Air-Conditioning Contractors
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heating & Air-Conditioning Contractors Industry
  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Heating & Air-Conditioning Contractors 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 Contractors Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Housing Starts (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Heating, Ventilation And Air-Conditioning (Hvac)
  • A system used to control the temperature, humidity and air quality in buildings.
  • Leadership In Energy And Environmental Design (Lee
  • An environmental building certificate program that was established under the US Green Building Council and certifies buildings that meet energy-efficiency and green requirements.
  • Nonemployer
  • An establishment without payroll employees, typically a sole proprietorship or partnership.
  • Refrigeration
  • A system used to store perishable items, such as food, medicine and chemicals.
  • Seasonal Energy Efficiency Ratio (Seer)
  • Rating system that measures efficiency of HVAC 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 Heating & Air-Conditioning Contractors:
    • 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 Heating & Air-Conditioning Contractors 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 Contractors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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