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Heating & Air Conditioning Equipment Manufacturing in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Heating & Air Conditioning Equipment Manufacturing in Canada Market Research Report | NAICS 33341CA | Jul 2014

Frigid future: The industry will continue to shrink as import penetration increases

IBISWorld’s Heating & Air Conditioning Equipment Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 09-14
-1.5%
Annual Growth 14-19
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Profit
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Employment
13,751
Businesses
509
Industry Analysis & Industry Trends

Industry participants have suffered in the past five years as imports as a share of domestic demand have risen. Canadian operators were forced to compete with these imports on price, which pressured industry profitability. Furthermore, the US housing crisis decimated export demand from commercial and residential building markets. As the industry struggles amid an ongoing decline phase, revenue will likely continue to dwindle as the realities of the global economy make large-scale Canadian-based production of HVACR goods uneconomical... purchase to read more

Industry Report - Starting a New Business Chapter

The main barriers to entry include stiff competition from cheaper imports and the overall declining state of the industry. Like most manufacturing pursuits in the United States and Canada, this industry exhibits an ongoing state of decline. This trend is primarily due to imports' growing share of domestic demand. As steel prices have increased during the past five years, Canadian manufacturers faced upward pressure on product prices. In an expanding economy, increasing costs can be passed onto downstream markets in the form of higher prices, as there are few substitute goods that can replace heating, ventilation, air conditioning and refrigeration (HVACR) equipment and the other types of goods this industry makes... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Heating & Air Conditioning Equipment Manufacturing Industry?

This industry manufactures heating equipment, commercial refrigeration equipment, air conditioners, commercial and industrial fans, blowers, air purification equipment, and electric and nonelectric heating and refrigeration equipment. Marine and motor vehicle systems are excluded, as are industrial process furnaces and small household appliances.

Industry Products
Heating and commercial refrigeration equipmentHeating equipment (excluding warm-air furnaces)Air-purification equipmentIndustrial and commercial fans and blowers Miscellaneous receipts
 
Industry Activities
Manufacturing air-conditioning, warm-air heating and refrigeration equipmentManufacturing heating equipment (except warm-air furnaces)Manufacturing commercial and industrial fans and blowersManufacturing air purification equipment


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