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

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

  • May 2020 •
  • 34 pages •
  • Report ID: 4564494 •
  • Format: PDF
In repair: Improvements in downstream markets are anticipated to drive demand for industry services

Abstract

Machinery Maintenance & Heavy Equipment Repair Services in Canada
The Machinery Maintenance and Heavy Equipment Repair Services industry in Canada has expanded over the five years to 2019 despite declining demand from key downstream markets, including the energy, mining and construction sectors, which have underperformed during the period. Moreover, declines in global commodity prices reduced demand from energy and mining markets. However, the growth of demand from the rest of the economy has overshadowed the poor performance of these sectors. The expansion of the industry is highlighted in the growth of wages. Over the five years to 2024, industry revenue is forecast to increase. Improvements in downstream markets and steady manufacturing output are anticipated to drive demand for industry services.

The Machinery Maintenance and Heavy Equipment Repair Services industry in Canada offers maintenance and repair services, such as blade sharpening and welding, for commercial, industrial, agricultural and other sectors that use heavy machinery and equipment. Automotive and electronic repairs are excluded from this industry.

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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