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HVAC Service Franchises in the US Industry Data and Analysis
HVAC franchises install, repair and run maintenance for heating, ventilation and air-conditioning (HVAC) and refrigeration systems. Demand for HVAC franchises is derived from two main downstream markets, the residential and nonresidential markets. Through the end of 2023, the residential market has experienced booming growth as low interest rates and COVID-19 influenced high demand for new housing and investment in existing housing. HVAC installation, repair and maintenance is required at all these junctures, boosting demand for HVAC franchises. The second market is nonresidential; this market faced severe conditions through COVID-19 since most businesses had to close to stop the spread of the virus.
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What's included in this industry analysis
IBISWorld's research coverage on the HVAC Service Franchises industry in the United States includes market sizing, forecasting, data and analysis from 2013-2028. The most recent publication was released January 2023.
About this industry
What's this industry report about?
The HVAC Service Franchises industry in the United States operates under the NAICS industry code OD5583. This industry operates franchised businesses that provide heating, ventilation and air-conditioning (HVAC) services to residential and commercial customers. IBISWorld’s Business Franchise collection focuses 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. Related terms covered in the HVAC Service Franchises industry in the United States include .
What's included in this industry?
Products and services covered in HVAC Service Franchises industry in the United States include New construction HVAC installations, Existing structure HVAC installations (i.e. replacements) and HVAC maintenance and repairs.
What companies are included in this industry?
Companies covered in the HVAC Service Franchises industry in the United States include Aire Serv LLC and Linc Service LLC.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the HVAC Service Franchises industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the HVAC Service Franchises industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the HVAC Service Franchises industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the HVAC Service Franchises industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the HVAC Service Franchises industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the HVAC Service Franchises industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the HVAC Service Franchises industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the HVAC Service Franchises industry in the United States.
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Frequently Asked Questions
What is the market size of the HVAC Service Franchises industry in the United States in 2026?
The market size of the HVAC Service Franchises industry in the United States is $1.1bn in 2026.
How many businesses are there in the HVAC Service Franchises industry in the United States in 2023?
There are 56 businesses in the HVAC Service Franchises industry in the United States, which has grown at a CAGR of 4.9 % between 2018 and 2023.
How may import tariffs affect the HVAC Service Franchises industry in the United States?
The HVAC Service Franchises industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the HVAC Service Franchises industry in the United States?
The HVAC Service Franchises industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the HVAC Service Franchises industry in the United States grown or declined over the past 5 years?
The market size of the HVAC Service Franchises industry in the United States has been declining at a CAGR of 0.2 % between 2018 and 2023.
What is the forecast growth of the HVAC Service Franchises industry in the United States over the next 5 years?
Over the next five years, the HVAC Service Franchises industry in the United States is expected to decline.
What are the biggest companies in the HVAC Service Franchises industry in the United States?
The biggest companies operating in the HVAC Service Franchises industry in the United States are Aire Serv LLC and Linc Service LLC
What does the HVAC Service Franchises industry in the United States include?
HVAC maintenance and repairs and Indoor air quality services are part of the HVAC Service Franchises industry in the United States.
Which companies have the highest market share in the HVAC Service Franchises industry in the United States?
The company holding the most market share in the HVAC Service Franchises industry in the United States is Aire Serv LLC.
How competitive is the HVAC Service Franchises industry in the United States?
The level of competition is high and increasing in the HVAC Service Franchises industry in the United States.
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