The 2020 sheet metal industry forecast you need to read
If you subscribe to the notion that hindsight is “always 20/20,” then you’ll need this year’s SNIPS State of the Industry report to get you through year 2020.
Created, researched and refined — in collaboration with Clear Seas Research — we’ve conducted a full analysis of 2019’s sheet metal market characteristics and HVAC product use among industry professionals. In short: everything you need to know today to build a better tomorrow.
Categories studied include sheet metal fabrication equipment, spiral duct products, duct cleaning, connectors, fasteners, and other duct hardware, adhesives, sealants and coatings. Now, without further ado, here is a sampling of what we know:
Current HVAC related sheet metal applications are reported to be
on average with a similar project mix expected for the next five years.
Sheet metal and HVAC business forecast
Business is expected to remain stable or increase across most products, with the largest increased involvement projected to be indoor air quality, building information management and zoning.
Top five challenges in the next 12 months include:
Top product materials (by % share of total projects) used by contractors: (n=127-142)
- 39% Duct fabrication/installation
- 34% Sheet metal fabrication
- 28% Duct sealing/coating
Top product materials (by % share of total projects) used by engineers: (n=66-86)
- 60% Duct fabrication/installation
- 54% Sheet metal fabricating
- 54% Zoning
- 54% Duct sealing/coating
Most common product offerings among wholesalers: (n=41)
- 66% Zoning
- 54% Duct coating/sealing
- 46% Indoor air quality measurements
- 44% Spiral ducts
Obtain our complete State of the Industry 2019 report. 2019 Sheet Metal & HVAC CLEAReport. Copyright © 2019 by Clear Seas Research/BNP Media. All rights reserved. Results of this study cannot be used in whole, or in part, for promotional literature or otherwise without expressed written permission.