Rapid change and uncertainty in the heating, ventilation, and air conditioning (HVAC) and sheet metal contracting industries in the United States will be driven by a variety of factors – economic fluctuations, environmental issues, regulatory shifts, labor shortages, competition, and technological advancements. To increase the understanding about factors influencing the business and to gain greater clarity for the future of the industry and its constituents, the New Horizons Foundation, an HVAC and sheet metal industry initiative, contracted with FMI Corporation to research and analyze potential industry trends that may materially affect the HVAC business and its stakeholders over a 5- to 10-year horizon. Specifically, this project identifies factors and potential scenarios that may influence, and possibly define, the HVAC and sheet metal industries over the course of the next 10 years. It also provides industry perspectives as to what the HVAC and sheet metal industry will look like in 2018 and projects the potential future state of the industry. Industry stakeholders are encouraged to use the information contained in this study for their planning purposes and for developing strategies to prepare for inevitable industry changes.
Size: 128 pages