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Last Updated: Apr 25, 2025 | Study Period: 2020-2025
HVAC is a fast evolving sector, with new technologies, environmental concerns, and a slew of new homeowner demands. Heating, ventilation, and air conditioning (HVAC) is an abbreviation that stands for heating, ventilation, and air conditioning. This means that the mechanical system keeps a building's indoor air quality comfortable and safe.
In Aug 2019, john Deere launched 744L, 824L and 844L, with Automatic climate control etc.. upgrades to machines HVAC system include a relocation of the AC unit and a brushless fan motor for increased airflow.
In Sep 2020, Case IH introduced new Quadtrac and Steiger AFS Connect series tractors with specific features for the European market. They will have similar cab comfort and control upgrades as on the Magnum AFS Connect series launched earlier in 2019.
In June 2020, Case Construction Equipmentâs crawler excavator CX220C was launched. The advanced cabin included features like Auto Climate Control function and air-conditioning system with 25% more airflow with eight vents for better efficiency in higher temperatures and openable roof window to provide better visibility.
In May 2020, Mahindra launched RoadMaster G90 Comfort+, the first fully designed and manufactured in India product to offer an HVAC cabin on a motor grader. It was introduced keeping in mind the harsh temperature conditions and dusty environments in India.
Carrier and ACI Mechanical and HVAC Sales are pleased to announce a new partnership. In the greater Puget Sound region, ACI will represent Carrier's industry-leading array of application equipment and VRF.
The new cooperation with Carrier will strengthen ACI's commitment to high-performance HVAC systems that are environmentally friendly. Customers who are looking for less energy-intensive heating and cooling solutions may appreciate Carrier's heat pump technology.
Total Construction Rentals, Inc. (TCR) has been acquired by Rental Equipment Investment Corp. (REIC), a Kinderhook Industries, LLC (Kinderhook) portfolio company. TCR's acquisition is in line with REIC's plan to expand its specialist rental business, and it provides the company with a well-established HVAC provider in the Mid-Atlantic.
Construction equipment sales are an important barometer of global economic activity. The global economic activity has gradually recovered from multi-year lows in March âApril 2020 but still remains below pre-COVID-19 levels.
COVID has drastically impacted sales of construction equipment. For example, Deere & Company global net sales and revenues declined by 11 percent, to $8.9 Billion, in Q3-2020 and declined 12%, to $25.8 Billion, for Jan-Sep 2020. Deere now expects its net income to be about $2.25 billion for 2020 but cautions that uncertainties remain because of the Covid-19 pandemic.
Terex says it anticipates sales in the second half of 2020 to be similar to the first half of 2020, which saw net sales of $1.5 billion, declining by ~38% YOY.
Caterpillar is not currently providing guidance for the year and warned that it may temporarily suspend operations at additional facilities if business conditions don't improve.
Volvo CEâs order intake decreased by 7% and deliveries were down 13%. North America, saw sales declines of 25 percent, says Volvo CE. It was the largest decrease throughout the companyâs five regions followed by Europe, which declined 20%.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2020-2025 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2020-2025 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2020-2025 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2020-2025 |
| 21 | Product installation rate by OEM, 2020 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2020 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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