Cooling off: Industry revenue has declined as competing imports have heated up competition

The Heating, Cooling and Ventilation Equipment Manufacturing industry has struggled over the past five years, despite growth in key markets. Greater import competition for industry goods has contributed to weaker demand for HVAC (heating, ventilation and air conditioning) equipment and other industry products manufactured locally. Lower-priced competing imports from Thailand, China, and Malaysia have put pressure on domestic companies to be more price competitive. Additionally, high-end imports from Japan, the United States and Italy have provided the industry with additional competition based on product quality and branding.Firms in the industry that manufacture customised heating, cooling and ventilation equipment have an advantage over competing imports...read more.

Industry Statistics & Market Size
Revenue
$261m
Annual Growth 15-20
-0.9%
Forecast Growth 20-25
Profit
Employment
850
Businesses
48

Industry Threats & Opportunities

  • Strong growth in competing imports has negatively affected the industry over the past five years
  • Despite higher input prices, industry margins have risen due to favourable pricing
  • Greater competition from imports will continue to hinder the industry over the next five years
  • Industry Report - Industry Analysis Chapter

    The Heating, Cooling and Ventilation Equipment Manufacturing industry has faced a difficult operating environment over the past five years, with international trade greatly affecting the industry’s performance. While key downstream industries have expanded at a solid pace over the period, high and increasing competition from imported HVAC equipment has hindered industry growth. At the same time, industry exports increased at a slow pace, which helped to limit the industry’s decline.Mixed demand driversWhile several important markets have performed well over the past five years, these had limited effect on the industry’s performance. Non...purchase to read more.

    Additional Insights for the Heating, Cooling and Ventilation Equipment Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Heating, Cooling and Ventilation Equipment Manufacturing are:

  • Ability to pass on cost increases
  • Establishment of brand names
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Demand from non-residential building construction and Demand from air conditioning and heating services in the Heating, Cooling and Ventilation Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Heating, Cooling and Ventilation Equipment Manufacturing in New Zealand Industry?

    Industry operators primarily manufacture commercial and industrial HVAC (heating, ventilation and air conditioning equipment), including installed space heaters, refrigerated display counter products or vending machines, and specialised parts and components for industry goods. Firms that produce household or automotive air conditioning and refrigeration products are excluded from the industry.

    Industry Products
  • Commercial air conditioning equipment
  • Commercial refrigeration equipment
  • Commercial heating systems
  • Commercial ventilation systems
  • Other industry products
  • Industry Activities
  • Commercial and industrial HVAC equipment
  • Air conditioning compressors and parts (excluding motor vehicles)
  • Beverage cooling and dispensing equipment
  • Cool room refrigeration plant
  • Commercial refrigeration equipment
  • Solar water heating system
  • Space heating systems
  • Refrigerated vending machine
  • Water cooler
  • Water heater
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from non-residential building construction
  • Demand from air conditioning and heating services
  • Demand from multi-unit apartment and townhouse construction
  • Trade-weighted index
  • Domestic price of plastic and rubber products
  • World price of steel

  • Current Performance
  • Mixed demand drivers
  • Greater import competition
  • Revenue and profit
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued import competition
  • Mixed demand drivers
  • Future revenue falls
  • Table: Heating, Cooling and Ventilation Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Heating, Cooling and Ventilation Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Multi-Unit Apartment and Townhouse Construction in New Zealand
  • Air Conditioning and Heating Services in New Zealand
  • Institutional Building Construction in New Zealand
  • Commercial and Industrial Building Construction in New Zealand

  • Key Selling Industries
  • Industrial and Mining Machinery Wholesaling in New Zealand
  • Metal and Mineral Wholesaling in New Zealand
  • Polymer Film and Sheet Packaging Material Manufacturing in New Zealand

  • Products & Services
  • Commercial heating systems
  • Commercial refrigeration equipment
  • Commercial air conditioning equipment
  • Commercial ventilation systems
  • Other industry products
  • Chart: Heating, Cooling and Ventilation Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Offices and commercial buildings
  • Hospitality industries
  • Multi-unit apartment complexes
  • Government departments
  • Institutions and other sectors
  • Chart: Major Market Segmentation for the Heating, Cooling and Ventilation Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Heating, Cooling and Ventilation Equipment Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heating, Cooling and Ventilation Equipment Manufacturing Industry

  • Industry Globalization
    Temperzone Holdings Limited, Skope Industries Limited, Rheem New Zealand Limited, Holyoake GDP Limited,
  • Table: Temperzone Holdings Limited - financial performance
  • Table: Skope Industries Limited - financial performance
  • Table: Rheem New Zealand Limited - financial performance
  • Table: Holyoake GDP Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Heating, Cooling and Ventilation Equipment Manufacturing 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, Cooling and Ventilation Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Commercial Refrigeration
  • Non-residential refrigeration products used in commercial premises, such as cafes, restaurants, fast-food premises and hotels, to keep food and beverages cold.
  • Hvac
  • Abbreviation for heating, ventilation and air conditioning, which refers to some of the main products manufactured by industry firms.
  • Refrigerants
  • Fluids required for refrigeration processes that are used in heat pumps.
  • What Our Customers Say

    Why buy this report?

    The Heating, Cooling and Ventilation Equipment Manufacturing in New Zealand 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, Cooling and Ventilation Equipment Manufacturing in New Zealand:
    • 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, Cooling and Ventilation Equipment Manufacturing in New Zealand 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, Cooling and Ventilation Equipment Manufacturing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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