Cooling down: A forecast decline in housing starts will hinder industry revenue growth

The Heating and Air-Conditioning Equipment Manufacturing industry in Ontario has performed well during the reporting period. Industry performance is closely linked with construction and renovation activity in Ontario and across North America. It has benefited from strong growth in residential and nonresidential construction activity in Ontario that has outpaced national growth overall. Over the five years to 2023, industry growth is forecast to be relatively subdued. While the value of nonresidential construction is forecast to rise, residential construction is a larger share of total construction activity in Ontario, and housing starts are forecast to decline, hindering demand...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
7.1%
Forecast Growth 18-23
Profit
Employment
5,958
Businesses
343

Industry Threats & Opportunities

  • Industry performance is closely linked with construction and renovation activity in Ontario and across North America
  • Additional Insights for the Heating & Air-Conditioning Equipment Manufacturing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Heating & Air-Conditioning Equipment Manufacturing in Ontario Industry are

  • Ability to accommodate environmental requirements
  • Control of distribution arrangements
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Canadian-dollar effective exchange rate index and Housing starts in Ontario in the Heating & Air-Conditioning Equipment Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Heating & Air-Conditioning Equipment Manufacturing in Ontario 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
  • Heating equipment (except warm-air furnaces
  • Air-purification equipment
  • Industrial and commercial fans and blowers
  • Parts and other miscellaneous receipts
  • Industry Activities
  • Manufacturing air-conditioning, warm-air heating and refrigeration equipment
  • Manufacturing heating equipment (except warm-air furnaces)
  • Manufacturing commercial and industrial fans and blowers
  • Manufacturing air purification equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian-dollar effective exchange rate index
  • Housing starts in Ontario
  • Residential renovation expenditure
  • Aggregate private investment in Ontario
  • Value of nonresidential construction in Ontario

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heating & Air-Conditioning Equipment Manufacturing in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Apartment & Condominium Construction in Canada
  • Plumbing, Heating & Air-Conditioning Equipment Wholesaling in Canada
  • Commercial Building Construction in Canada
  • Municipal Building Construction in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Electrical Equipment Manufacturing in Canada
  • Ferrous Metal Foundry Products in Canada
  • Metal Pipe & Tube Manufacturing in Canada
  • Navigational Instrument Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada
  • Valve Manufacturing in Canada

  • Products & Services
  • Heating and commercial refrigeration
  • Parts and other miscellaneous receipts
  • Heating equipment (except warm-air furnaces
  • Industrial and commercial fans and blowers
  • Air-purification equipment
  • Chart: Heating & Air-Conditioning Equipment Manufacturing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Remodelling and renovation
  • New residential construction
  • New commercial construction
  • Chart: Major Market Segmentation for the Heating & Air-Conditioning Equipment Manufacturing in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Heating & Air-Conditioning Equipment Manufacturing in Ontario

  • Basis of Competition
    Barriers to Entry
    Imperial Manufacturing Group, Johnson Controls, Rheem Manufacturing Company, Viessman Manufacturing Company Inc.,
  • Table: Imperial Manufacturing Group - financial performance
  • Table: Johnson Controls - financial performance
  • Table: Rheem Manufacturing Company - financial performance
  • Table: Viessman Manufacturing Company Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Heating & Air-Conditioning Equipment Manufacturing in Ontario Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Heating & Air-Conditioning Equipment Manufacturing in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Housing Starts In Ontario (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chlorofluorocarbons
  • A common type of refrigerant used in air-conditioning systems that is being phased out because it contributes to depleting the ozone layer; usually abbreviated as CFCs.
  • Hvacr
  • An abbreviation for heating, ventilation, air-conditioning and refrigeration equipment.
  • Hydrochlorofluorocarbons
  • A type of CFC, known in the industry as HCFC-22, that is considered more environmentally friendly but is still being phased out.
  • Refrigerant
  • A chemical compound or coolant used to achieve low temperatures in air-conditioning and refrigeration equipment.
  • What Our Customers Say

    Why buy this report?

    The Heating & Air-Conditioning Equipment Manufacturing in Ontario 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Heating & Air-Conditioning Equipment Manufacturing in Ontario:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Heating & Air-Conditioning Equipment Manufacturing in Ontario market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Heating & Air-Conditioning Equipment Manufacturing in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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