Plumbing, Heating & Air-Conditioning Equipment Wholesaling in Canada Industry Market Research Report Now Available from IBISWorld
New York, NY (PRWEB) October 25, 2014 -- The Plumbing, Heating and Air-Conditioning Equipment Wholesaling industry is anticipated to grow over the five years to 2014. Renovation, maintenance and repair work comprises the majority of industry demand, and thanks to its steady growth amid the recession, losses were relatively minimal despite declining demand from new construction. As a result, however, industry gains have been less pronounced in contrast to other upstream building equipment distributors over the past five years. Demand has continued to rise from the renovation market, albeit a slower rate than new construction, therefore moderating growth.
This industry comprises a number of small players that serve their respective regional markets. Based on data sourced from Statistics Canada, IBISWorld estimates that many industry distributors operate as nonemployers. While the Plumbing, Heating and Air-Conditioning Equipment Wholesaling industry remains highly fragmented, many larger operators are acquiring smaller players to expand their market share. Most notably, major player Emco purchased Rona's commercial and professional market divisions. IBISWorld Economic Analyst Britanny Carter says in the new report “eco-friendly renovation tax credits have spurred demand among consumers for industry products, such as low-flow shower heads and toilets” For example, the ecoENERGY Retrofit program offered up to $5,000 toward energy efficiency improvements for low-rise properties through March 2012. Provincial initiatives include Quebec's EcoRenov tax credit of up to $10,000 for all energy-related renovation work undertaken in October 2013 through November 2014.
Over the next five years, demand from downstream construction markets will continue to rise. While new construction growth is expected to slow, increased demand from the renovation market is anticipated to accelerate. This includes a notable jump in residential renovation expenditure during 2014, boosting industry revenue during the year. “Eco-friendly plumbing and HVAC equipment are anticipated to grow as a share of industry revenue as consumers and businesses opt for energy-efficient products that reduce utility costs,” Carter says in the new report. These products can be sold at premium prices, expanding industry profit. Overall, revenue is forecast to rise over the five years to 2019.
For more information, visit IBISWorld’s Plumbing, Heating and Air-Conditioning Equipment Wholesaling in Canada industry report page.
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IBISWorld industry Report Key Topics
This industry buys, sells and distributes plumbing, heating, ventilation and air conditioning (HVAC) equipment. Wholesalers in the industry purchase products directly from manufacturers and subsequently distribute products to contractors and retailers.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld, +1 (310) 866-5042, [email protected]
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