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| Products/Services Breakdown | |
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| Financial Metrics | |
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| Salary & Compensation Statistics | |
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2019 U.S. Industry Statistics & Market Research - HVAC & Plumbing Contractors
Overview: the U.S. HVAC & Plumbing Contractors Industry
Advanced and green technologies are combining for HVAC and plumbing contractors to change standards, education, manufacturer and buyer relationships, and competitive factors.HVAC and plumbing contractors are adapting to major technical change from both manufacturers and end users. Utility companies are integrating technology to monitor and control systems. Within commercial or industrial buildings, the HVAC and plumbing systems are also part of the buildings’ monitoring system, which is also using technology to diagnose and repair problems in the system. Manufacturers are seeking competitive advantage and therefore are designing products with increased technological depth and functionality. For contractors, this means more training and recruitment than ever before—not only must they understand their trade, but they must be proficient with the latest technologies being used by utilities, building managers, and manufacturers.
This market research report provides answers to key questions about the industry:
This report shows the total market size for the HVAC & Plumbing Contractors industry, comprised of total revenues of both public and private companies over the last six years (2013-2018), current year estimates, and outlook to 2024.
The industry Outlook and Forecasts show how the HVAC & Plumbing Contractors industry is heading over the next six years (2019-2024). Market forecasts account for historical growth, cyclical changes, and general economic outlook.
The Market Analysis section shows the five-year growth trends for HVAC & Plumbing Contractors, year-by-year from 2013-2018.
Forecasts for 2019-2024 for the industry show the future growth and market opportunity for HVAC & Plumbing Contractors companies.
The average number of employees and average revenue for a typical HVAC & Plumbing Contractors company is charted over time for the last five years to the present.
Track how many companies compete in the HVAC & Plumbing Contractors industry, and how the number of companies has changed over the past five years.
Market Size & Industry Statistics
The total U.S. industry market size for HVAC & Plumbing Contractors:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2013 2014 2015 2016 2017 2018 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2019E | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Construction Services Breakdown
The following products and services account for the largest source of revenues in the HVAC & Plumbing Contractors industry. Note that there are multiple levels of classification, so some line items are contained within other lines.| Type of Construction | Total Sales ($ millions) | New Construction ($ millions) | Additions, Alterations, and Reconstruction ($ millions) | Maintenance & Repair ($ millions) |
|---|---|---|---|---|
Total |
INCLUDED | |||
Building construction, total |
INCLUDED | |||
Single-family houses, detached and attached |
INCLUDED | |||
Single-family houses, detached |
INCLUDED | |||
Single-family houses, attached |
INCLUDED | |||
Apartment buildings (2 or more units), such as rentals, apartment type condominiums and cooperatives |
INCLUDED | |||
Dormitories and barracks |
INCLUDED | |||
Manufacturing and industrial warehouses |
INCLUDED | |||
Other manufacturing and light industrial buildings, such as factories, assembly plants, and industrial research laboratories |
INCLUDED | |||
Hotels, motels, and tourist cabins |
INCLUDED | |||
Office buildings |
INCLUDED | |||
Stores, restaurants, automobile service stations, parking garages, and other commercial buildings |
INCLUDED | |||
Commercial warehouses such as distribution buildings and mini-storage |
INCLUDED | |||
Religious buildings |
INCLUDED | |||
Educational buildings |
INCLUDED | |||
Health care and institutional buildings |
INCLUDED | |||
Public safety buildings such as prisons, police, and fire stations |
INCLUDED | |||
Farm buildings, nonresidential |
INCLUDED | |||
Amusement, social, and recreational buildings |
INCLUDED | |||
Other building construction |
INCLUDED | |||
Nonbuilding construction, total |
INCLUDED | |||
Sewers, water mains, and related facilities |
INCLUDED | |||
Sewers, sewer lines, septic systems, and related facilities |
INCLUDED | |||
Water mains, storage, wells, and related facilities |
INCLUDED | |||
Oil and gas pipelines, pumping stations, storage tanks, and mains |
INCLUDED | |||
Power and communication transmission lines, cables, towers, and related facilities |
INCLUDED | |||
Power plants |
INCLUDED | |||
Power and cogeneration plants, except hydroelectric |
INCLUDED | |||
Power plants, hydroelectric |
INCLUDED | |||
Chemical (except petrochemical) complexes/plants, blast furnaces, and mining appurtenances |
INCLUDED | |||
Sewage and water treatment plants |
INCLUDED | |||
Petrochemical plants and petroleum refineries |
INCLUDED | |||
Outdoor recreational areas, such as outdoor athletic fields, courts, golf courses, and camp grounds |
INCLUDED | |||
Other nonbuilding construction |
INCLUDED | |||
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
|
| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a HVAC & Plumbing Contractors company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the HVAC & Plumbing Contractors industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
|
| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on HVAC & Plumbing Contractors measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
|
| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
|
| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
|
| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Office and Administrative Support Occupations | 13% | |||
| Construction and Extraction Occupations | 47% | |||
| Construction Trades Workers | 40% | |||
| Pipelayers, Plumbers, Pipefitters, and Steamfitters | 29% | |||
| Plumbers, Pipefitters, and Steamfitters | 29% | |||
| Sheet Metal Workers | 6% | |||
| Sheet Metal Workers | 6% | |||
| Installation, Maintenance, and Repair Occupations | 26% | |||
| Other Installation, Maintenance, and Repair Occupations | 24% | |||
| Heating, Air Conditioning, and Refrigeration Mechanics and Installers | 21% | |||
| Heating, Air Conditioning, and Refrigeration Mechanics and Installers | 21% | |||
HVAC & Plumbing Contractors Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the HVAC & Plumbing Contractors industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the HVAC & Plumbing Contractors industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the HVAC & Plumbing Contractors industry. |
Government Contracts
In 2018, the federal government spent a total of $675,926,906 on HVAC & Plumbing Contractors. It has awarded 6209 contracts to 2470 companies, with an average value of $273,655 per company.| Most Recent Contracts | Date | Total Award Amount |
|---|---|---|
| XL MECHANICAL & ENERGY MANAGEMENT SERVICES 572 Odlin Rd Bangor, ME | Oct 24, 2019 | $6,328 |
| C. ALBERT MATTHEWS, INC. South St & Kemp Lane Easton, MD | Oct 24, 2019 | $6,700 |
| SERVICE MECHANICAL, INC. 7907 Kincannon Pl Lorton, VA | Oct 24, 2019 | $425,357 |
| BREWER-GARRETT CO (INC) 6800 Eastland Rd Cleveland, OH | Oct 24, 2019 | $7,360 |
| SAW CONTRACTING, INC 2625 Production Rd Ste A Virginia Beach, VA | Oct 24, 2019 | $1,860,806 |
| SH MECHANICAL INC. 231 Travis Ct Suisun City, CA | Oct 24, 2019 | $13,060 |
