HVAC Service Franchises in the US - Industry Market Research Report

HVAC Service Franchises in the US - Industry Market Research Report

  • November 2020 •
  • 49 pages •
  • Report ID: 5103898 •
  • Format: PDF
Heating up: Increasing construction activity in residential and nonresidential markets will likely benefit the industry

Abstract

HVAC Service Franchises
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.
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