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Heating & Air Conditioning Equipment Manufacturing in the US - Industry Market Research Report

  • June 2016
  • -
  • Ibisworld
  • -
  • 40 pages

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Seasonably warm: Rising construction activity will turn up the heat on industry demand



Abstract

Heating & Air Conditioning Equipment Manufacturing in the US

In the five years to 2016, revenue for the Heating and Air Conditioning Equipment Manufacturing industry is expected to increase. During this period, US residential and nonresidential construction steadily expanded due to strong underlying fundamentals, including increasing employment and historically low interest rates. This bolstered industry sales, as heating, air conditioning, ventilation and refrigeration (HVACR) equipment is typically installed in new buildings to regulate climate and provide ventilation. However, industry growth has been tempered by a widening trade gap, as major global HVACR manufacturers expanded their productive facilities in low-cost labor countries like China. This trade gap has also been exacerbated by a rising US dollar, which made industry exports relatively more expensive and less attractive to buyers overseas. Moving forward, industry revenue is expected to modestly increase in the five years to 2021.



Companies in this industry manufacture residential, commercial and industrial heating, ventilation, air conditioning and refrigeration (HVACR) equipment. Industry revenue includes miscellaneous receipts for the resale of products without further manufacturing, contract work done for others on respective items and acknowledgements for repair, scrap and refuse sales. Automotive units are excluded from this industry.

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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