Industry Analysis & Industry Trends
In the five years to 2017, the Canadian residential construction and real estate markets are expected to steadily expand, aiding growth for the Heating and Air Conditioning Equipment Manufacturing (HVACR) industry. Additionally, stable Canadian employment and rising disposable income levels have increased demand for HVACR equipment upgrades and replacements, another major market for industry operators. Over the next five years, the expanding population, as well as increases in employment and disposable income, will propel commercial and construction growth, helping increase industry sales of HVACR equipment... purchase to read more
Industry Report - Starting a New Business Chapter
The main barriers to entry include stiff competition from less expensive 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 over 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.
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