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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 | Feb 2017

Warm up: Rising construction markets will aid growth, but the industry's trade deficit will remain high

The Heating & Air Conditioning Equipment Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
7.2%
Annual Growth 17-22
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Profit
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Employment
13,962
Businesses
695
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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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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