Machinery Maintenance & Heavy Equipment Repair Services in the US - Industry Market Research Report

Machinery Maintenance & Heavy Equipment Repair Services in the US - Industry Market Research Report

  • December 2020 •
  • 50 pages •
  • Report ID: 199200 •
  • Format: PDF
On the fritz: Rising corporate profit will likely support investment in industrial and manufacturing equipment

Abstract

Machinery Maintenance & Heavy Equipment Repair Services in the US
Typically, increased production and equipment use drives demand for maintenance and repair (M&R) services, as equipment tends to wear faster the more it is used. Nevertheless, the Machinery Maintenance and Heavy Equipment Repair Services industry has declined marginally during the period due to volatility in the industrial production index and private investment in the industry, which is beginning to rebound. Despite volatility, however, the industry has been able to generate a majority of revenue from repairs to commercial and industrial clients, including those in nonresidential, residential and heavy construction. The industry is expected to grow over the five years to 2024. A broad increase in production and increased level of corporate profit will continue to drive investment in industrial and manufacturing equipment during the outlook period, which includes repairs and regular maintenance.

This industry provides maintenance and repair (MandR) for commercial, industrial, agricultural and other types of machinery and equipment (MandE). Services include motor repair, blade sharpening and commercial refrigeration repair. While this industry performs automobile welding services, it does not conduct general automotive and electronic repairs, which are performed by the Auto Mechanics (IBISWorld report 81111) and Electronic and Computer Repair Services (81121) industries.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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