HVAC Service Franchises
The Heating, Ventilation and Air Conditioning (HVAC) Service Franchises industry is highly dependent on activity in the downstream construction sector. Many HVAC systems are installed at the time of building. Consequently, the strong increase in housing starts along with the rising value of residential construction have widened industry revenue over the past five years. Demand for maintenance and upgrades remained steady due to increasing per capita disposable income and residential renovation expenditures. Over the five years to 2018, IBISWorld expects industry revenue to increase. Over the five years to 2023, construction activity is forecast to increase in both residential and nonresidential markets, benefiting the 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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