Aug. 31, 2009: Survey Says HVACR Manufacturers Expect Improving Economy in 2010
August 31, 2009
WESTPORT, Conn. - According to a survey of more than 1,000 HVACR manufacturers, 70 percent of respondents said that they expect the economy to be stronger in the first quarter of 2010. The survey of AHR Expo exhibitors was conducted by International Exposition Co., the show organizer. The company said this bodes well for the 2010 AHR Expo, set for Orlando, Fla., in January, as nearly 72 percent of respondents predicted that customers will start buying more products in the first quarter.
Sixty-nine percent of respondents believe their customers have been delaying purchases of new products and that this pent-up demand will result in more sales during the first quarter of 2010. Twenty-four percent expect sales to increase over 10 percent and nearly 30 percent expect sales increases of 5-10 percent in the first quarter of 2010. Close to 25 percent of respondents expect a smaller first quarter increase of 1-4 percent while less than 5 percent see a decline in sales.
“The timing of the 2010 AHR Expo should be very beneficial to the HVACR industry,” said Clay Stevens, president of International Exposition Co., “in so far as it coincides with a significant revival in the demand for equipment, systems, components, and services. We are expecting thousands and thousands of industry professionals from around the world to converge on Orlando in January to find the newest and most efficient products available anywhere.”
The 2010 AHR Expo will take place Jan. 25-27, and International Exposition Co. said it will feature more than 1,600 exhibitors from around the world showcasing their new products to over 45,000 attendees and exhibitor personnel from nearly 100 countries. So far, show exhibitors have reserved over 310,000 net square feet of exhibit space.
For more information, visit www.ahrexpo.com.
Publication date: 08/31/2009