U.S. Heating Equipment (Except Warm Air Furnaces) Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Since Climbing a New Peak of about 2 Billion USD in 2014, U.S. Imports of Heating Equipment (except Warm Air Furnaces) Have Appeared to Stabilize, with China as a Leading Supplier
Photo: © alexraths / Bigstockphoto
The U.S. takes a X% share (based on USD) of global heating equipment (except warm air furnaces) imports, which put it in second place, following Germany (X%). In 2015, U.S. heating equipment imports totaled X million USD, which was X million USD (X%) less than the year before.
From 2007 to 2015, U.S. heating equipment (except warm air furnaces) imports showed mixed dynamics. A significant drop in 2009 was followed by a recovery over the next four years, until imports hiked by +X% in 2014. Imports stood stable in 2015, with an insignificant downward correction.
In 2015, U.S. imports surpassed the pre-recession level of 2008.
Considering a recovery over the recent years, the U.S. continues to be one of the biggest markets for global exporters.
China and Canada were the main suppliers of heating equipment (except warm air furnaces) into the U.S., with a combined share of X% of total U.S. imports in 2015. China was the fastest growing supplier (+X% per year) from 2007 to 2015, while the import from Canada grew by +X% per year. China slightly improved its position within U.S. imports, from X% in 2007 to X% in 2015. By contrast, Canada's share decreased by -X percentage points to X%.
From 2007 to 2015, the U.S. was a net importer of heating equipment (except warm air furnaces). However, exports grew alongside imports on average over the period under review.
U.S. trade deficit in this sector generally followed the import dynamics, growing from X million USD in 2007 to X million USD in 2015 after several fluctuations. It increased sharply in 2014, driven by rising imports.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the heating equipment market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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