HVAC Service Franchises in the US - Industry Market Research Report
Description
HVAC Service Franchises in the US - Industry Market Research Report
HVAC Service Franchises in the US
The HVAC Service Franchises industry is highly dependent on activity in the downstream construction sector. Many HVAC systems are installed at the time of construction. Consequently, a strong increase in housing starts, along with the rising value of residential construction over the five years to 2019, has benefited industry operators. Additionally, demand for maintenance and upgrades remained steady due to increasing per capita disposable income and rising private spending on home improvements during the current period. Over the five years to 2024, construction activity is projected to increase in both residential and nonresidential markets, benefiting the industry. State governments are also expected to continue to incentivize the move toward more energy-efficient systems via tax credits, further supporting industry growth.
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.
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.
HVAC Service Franchises in the US
The HVAC Service Franchises industry is highly dependent on activity in the downstream construction sector. Many HVAC systems are installed at the time of construction. Consequently, a strong increase in housing starts, along with the rising value of residential construction over the five years to 2019, has benefited industry operators. Additionally, demand for maintenance and upgrades remained steady due to increasing per capita disposable income and rising private spending on home improvements during the current period. Over the five years to 2024, construction activity is projected to increase in both residential and nonresidential markets, benefiting the industry. State governments are also expected to continue to incentivize the move toward more energy-efficient systems via tax credits, further supporting industry growth.
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.
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.
Table of Contents
42 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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