No.3417
Corporate Questionnaire to HVAC and Plumbing/Sanitary Contractors in Japan: Key Research Findings 2023
Domestic Major 63 HVAC and Plumbing/Sanitary System Installation Contractors Generated 1,092,700 Million Yen in Sales for FY2022, 107.2% of Previous Fiscal Year
Yano Research Institute (the President, Takashi Mizukoshi) has carried out a corporate questionnaire to 79 leading domestic HVAC and plumbing/sanitary systems contractors. This press release announces some of our analyses of the aggregated sales of HVAC and plumbing/sanitary system installations of 63 companies that responded to the questionnaire.
Summary of Research Findings
A corporate questionnaire was carried out to 79 domestic major companies that undertake installation works of HVAC and plumbing/sanitary systems between August and October 2023. Here are some of our analyses from the aggregation of total sales of HVAC and plumbing/sanitary system installations from FY2018 to FY2022 at 63 companies that responded to the questionnaire.
The sales of HVAC and plumbing/sanitary installation works for FY2022 (as a total of sales at 63 companies that responded to the questionnaire) attained 1,092,700 million yen, which is 107.2% of the size of that in the previous fiscal year. An increase in the sales value of construction works has seemingly contributed to the sales growth, which was driven by the resumption of COVID-deferred construction projects in FY2021 and the materialization of rise in demand for large-scale new construction works, such as redevelopment projects.
Noteworthy Topics
Addressing Labor Shortage
Although demand environment is recovering, the contractors are still faced with a chronic labor shortage. As a result, trends are seen among the businesses to promote digital transformation (DX) and incorporate new technologies like robotics to reduce the workload of onsite staffs. Going forward, HVAC and plumbing/sanitary system contractors are required to streamline procedures and boost operational efficiency to be less dependent on manpower.
Research Outline
2.Research Object： Domestic major 79 HVAC system and plumbing/sanitary work contractors
3.Research Methogology： Mailed questionnaire (by post or email), face-to-face interviews by our expert researchers, and literature research
Corporate questionnaire was carried out between August and October 2023 to 79 companies that undertake installations of building systems, particularly HVAC and plumbing/sanitary systems. By surveying on the total sales value of construction works, the trend of received orders and supplied materials, as well as what the businesses focus on, the business trends of building systems contractors are explored. This press release denotes some of our findings from the aggregated sales of HVAC and plumbing/sanitary system installations from FY2018 to FY2022 at 63 companies that responded to our questionnaire.
The sales for building system installation works at respondents include the installation works of HVAC systems, plumbing/sanitary systems, fire extinguishing systems, and other specialized piping works.
＜Products and Services in the Market＞
Installation works of HVAC systems, plumbing/sanitary systems, etc.
Published Report
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