Both Lowe’s Companies Inc. and The Home Depot Inc. are going after professional contractors by offering special programs designed to meet the needs of people who do this work for a living.
After a forced shutdown in Chicago last year, the HVAC super bowl was back at it in 2022. For me, one of the great pleasures of the AHR Expo is talking with manufacturers to get a better idea of the trends that the industry is currently experiencing.
Everyone seems to be talking about the labor shortage these days.
The labor shortage has been a big problem in the HVACR industry for decades, and from all indications, things are going to get worse before they get better.
While many HVAC companies are prepared for booming growth and expansion these days, others within the industry may be in a better position to consider market consolidation instead.
Facing a severe U.S. labor shortage in the skilled trades, professionals in those fields are joining forces to help local contractors grow technical talent in their back yards.
With the shortage of trained HVAC technicians, universal HVAC parts are part of the solution, according to some contractors. These universal parts include hot surface ignitors, which offer the added benefit of taking up minimal truck inventory space.
A combination of continued consumer spending and increased interest in IAQ drove sales throughout the year. Higher costs driven by supply chain issues ate into the profits for most companies, however.
While growth may be the case for a number of HVAC businesses, it’s not necessarily the future of every one. In fact, some of them are best positioned for market consolidation.