Tuesday, July 30, 2013
Tennessee's Commercial Market for Ruud HVAC Products Grows 19% in Last Two Years
Labels: commercial, Ruud, Tennessee 0 comments
Ruud’s annual report of regional
shipments and sales for its commercial products recently showed 19% sales
growth for the brand in Tennessee from 2010 to 2012, which is the highest in
the Southeast by 6%.
Additionally, Tennessee
ranked second, behind Florida, in the three-year average of commercial
shipments of quality Ruud HVAC products. Tennessee moved an average 14,598
units from 2010 to 2012, or 16 percent of the total Southeast distribution
area.
Florida had the highest
average shipments, claiming 31 percent of the total market, followed by
Tennessee, Georgia (15 percent) and North Carolina (13 percent).
It’s impressive that
Tennessee represents such a significant, growing chunk of Ruud commercial
shipments. Considering that Tennessee’s adult population is much smaller than
many of our peer communities, you’d think that commercial construction in
states like Georgia and North Carolina would be higher than Tennessee, which
doesn’t appear to be the case. Companies are investing in Tennessee’s workforce. They’re building and
expanding their headquarters and purchasing more Ruud HVAC equipment.
According to the U.S.
Census Bureau, Tennessee’s adult population is roughly 33 percent smaller than
both Georgia and North Carolina. In 2012, the Tennessee Department of Economic
and Community Development announced major corporate expansions and/or
relocations, including Nissan (Smyrna), Nike (Memphis), Oberto Brands
(Nashville), Agero (Clarksville), HCA (Nashville) and Tractor Supply Co.
(Brentwood), among others.
Ruud’s report also revealed
a three-year upward trend of commercial shipments within Tennessee. South
Carolina was the only other state to show positive year-over-year-over-year
growth.
The statewide statistics
certainly mirror Comfort Supply's trend as a Ruud distributor. For example, in
2011, our commercial sales grew roughly 40% year over year.
The states included in the
assessment were Alabama, Florida, Georgia, Kentucky, Mississippi, North
Carolina, South Carolina and Tennessee.
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