Plumbing, Heating & Air-Conditioning Equipment Wholesaling in Canada - Industry Market Research Report

Plumbing, Heating & Air-Conditioning Equipment Wholesaling in Canada - Industry Market Research Report
Plumbing, Heating & Air-Conditioning Equipment Wholesaling in Canada

Canadian plumbing, heating and air-conditioning equipment wholesaling has expanded in recent years. Most demand for industry products is generated through renovation, maintenance and repair work, and steadily growing renovation activity has bolstered revenue. Demand from other major markets has been mixed. Relatively poor performance in nonresidential construction markets has constrained overall growth, though. While COVID-19 disruptions initially weighed on industry revenue in 2020, a strong rebound in renovation expenditure in 2021 bolstered expansion and profit among wholesalers. Industry revenue has risen at a CAGR of 1.8% to an estimated $20.0 billion over the past five years. In 2023 alone, revenue is projected to drop 1.9% due to economic headwinds.This industry distributes pipe, valves and fittings, plumbing fixtures, hydronics and heating, ventilation and air-conditioning equipment. Wholesalers in the industry purchase products directly from manufacturers and subsequently distribute products to contractors, end use businesses and retailers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.