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The North American HVAC Components Aftermarket Grew in 2005 for the First Time in Three Years.

DUBLIN, Ireland -- Research and Markets ( has announced the addition of Frost & Sullivan's new report: North American Heating Venting Air Conditioning Components Aftermarket to their offering.

This research service entitled North American Heating, Ventilation, and Air-Conditioning Components Aftermarket provides market sizing, unit shipment and revenue forecasts, and an analysis of distribution structures. In this research, expert analysts thoroughly examine the following markets: compressors, condensers, heater cores, evaporators, accumulators and receiver-driers, expansion valves, and radiators. This analysis is available through our Automotive and Transportation Growth Partnership Services program. With this program, clients receive industry-leading market research such as this, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Councils.

The North American HVAC components aftermarket grew in 2005 for the first time in three years. Manufacturer-level revenues of $920.3 were barely up, just 0.1 percent, over the previous year. But hot summer temperatures across the northern United States boosted sales of air-conditioning parts, and prices will increase in 2006 in response to higher raw materials and fuel prices. In the preceding years, the market size had been declining as low-priced imports from China and the developing world depressed revenues for domestic manufacturers and distributors and component failure rates declined. Frost & Sullivan expects continued growth over the next five to seven years, with fluctuations based on average seasonal temperatures.

The North American HVAC components aftermarket is a mature industry that will grow by approximately 0.5 percent annually over the short to medium term. Frost & Sullivan has observed an installer trend known as system renewal, in which the main components of the air-conditioning and heating systems are replaced at the same time instead of replacing a single part, which will support unit shipments over the forecast period. The research also notes the increased presence of retailers in the distribution of HVAC components, with major parts-store chains gaining market share against traditional aftermarket distributors for sales to local garages and mechanics. However, the industry faces long-term strategic challenges caused by higher part quality that reduces the number of replacements needed in the aftermarket and continuing competition from offshore manufacturers that disrupt distribution networks.

Market Sectors

Expert analysts thoroughly examine the following market sectors in this analysis:

* compressors

* condensers

* heater cores

* evaporators

* accumulators and receiver-driers

* expansion valves

* radiators

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Publication:Business Wire
Date:Feb 12, 2007
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