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 2020. Significant gains in the value of private nonresidential construction and the value of residential construction are expected to underpin industry revenue growth.
This industry operates franchised businesses that provide heating, ventilation and air-conditioning services to both residential and commercial customers. Reports in our Business Franchise collection focus solely on the operation of franchised outlets and exclude nonfranchise data. They show the total number of franchise outlets, total franchise revenue and the average profit margin earned by franchisees. Our reports 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.