
Industrial Services Market by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (Distributed Control System, Human Machine Interface, Industrial 3D Printing), End-User - Global Forecast 2024-
Description
Industrial Services Market by Type (Engineering & Consulting, Installation & Commissioning, Operational Improvement & Maintenance), Application (Distributed Control System, Human Machine Interface, Industrial 3D Printing), End-User - Global Forecast 2024-2030
The Industrial Services Market size was estimated at USD 46.69 billion in 2023 and expected to reach USD 49.93 billion in 2024, at a CAGR 7.34% to reach USD 76.70 billion by 2030.
Industrial services encompass a broad range of activities designed to support the various processes and operations of manufacturing and production facilities. These services can include maintenance, repair, overhaul (MRO), installation and commissioning of machinery, equipment calibration, consulting, and project management, among other professional and technical services. Industrial services are pivotal across various sectors, including manufacturing, oil and gas, power generation, aerospace, automotive, and chemicals. Advancements in technology, particularly in the areas of automation and industrial Internet of Things (IIoT), are significantly driving market expansion. Additionally, a growing focus on sustainable processes, regulatory compliances, and the need for operational excellence are pushing industries to adopt specialized services. The trend towards outsourcing services to specialized providers who can deliver higher efficiency, cost reduction, and improved performance also facilitates market growth. However, the need for continuous skills development to keep pace with rapidly advancing technologies impedes market development. Recent trends point towards opportunities in predictive maintenance services driven by AI and machine learning, which can forecast equipment failures before they occur. Also, the integration of big data analytics in industrial services for data-driven decision-making presents significant growth potential.
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Table of Contents
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Government initiatives promoting industry 4.0 and robotic automation
- 5.1.1.2. Growing trend of adopting outsourced specialized services
- 5.1.2. Restraints
- 5.1.2.1. High initial costs and complexity of implementing advanced systems
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancements in industrial services with AI & IoT
- 5.1.3.2. Preference for energy-efficient solutions and need for environmental-industrial services
- 5.1.4. Challenges
- 5.1.4.1. Lack of skilled personnel in the industrial service sector
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Provision of different engineering & consulting services to offer comprehensive solutions tailored to unique industry requirements
- 5.2.2. Application: Adoption of industrial services for industrial robotics to ensure precision of robotic operations and extend robot lifespan
- 5.2.3. End-User: Need for industrial services for attaining the design, assembly, and quality assurance of vehicles
- 5.3. Market Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Industrial Services Market, by Type
- 6.1. Introduction
- 6.2. Engineering & Consulting
- 6.3. Installation & Commissioning
- 6.4. Operational Improvement & Maintenance
- 7. Industrial Services Market, by Application
- 7.1. Introduction
- 7.2. Distributed Control System
- 7.3. Human Machine Interface
- 7.4. Industrial 3D Printing
- 7.5. Industrial PC
- 7.6. Industrial Robotics
- 7.7. Manufacturing Execution System
- 7.8. Motors & Drives
- 7.9. Programmable Logic Controller
- 7.10. Safety Systems
- 7.11. Supervisory Control & Data Acquisition
- 8. Industrial Services Market, by End-User
- 8.1. Introduction
- 8.2. Automotive
- 8.3. Chemicals
- 8.4. Food & Refreshments
- 8.5. IT & Telecom
- 8.6. Metals & Mining
- 8.7. Oil & Gas
- 8.8. Pharmaceuticals
- 8.9. Transportation
- 9. Americas Industrial Services Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Industrial Services Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Industrial Services Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. Market Share Analysis, 2023
- 12.2. FPNV Positioning Matrix, 2023
- 12.3. Competitive Scenario Analysis
- 12.3.1. OWL Services Acquires Dark Horse Enterprises, Inc. to Expand Coverage in Mid-Atlantic States
- 12.3.2. Veolia North America Acquires U.S. Industrial Technologies To Expand Its Hazardous Waste Treatment Business
- 12.3.3. EnergySolutions Finalizes Acquisition of Williams Industrial Services Group Inc. to Expand Nuclear Services Capabilities
- 12.4. Strategy Analysis & Recommendation
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.2. Key Product Portfolio
- FIGURE 1. INDUSTRIAL SERVICES MARKET RESEARCH PROCESS
- FIGURE 2. INDUSTRIAL SERVICES MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. INDUSTRIAL SERVICES MARKET DYNAMICS
- FIGURE 7. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL INDUSTRIAL SERVICES MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. AMERICAS INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 14. AMERICAS INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 15. UNITED STATES INDUSTRIAL SERVICES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
- FIGURE 16. UNITED STATES INDUSTRIAL SERVICES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 17. ASIA-PACIFIC INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 18. ASIA-PACIFIC INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 19. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
- FIGURE 20. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 21. INDUSTRIAL SERVICES MARKET SHARE, BY KEY PLAYER, 2023
- FIGURE 22. INDUSTRIAL SERVICES MARKET, FPNV POSITIONING MATRIX, 2023
Pricing
Currency Rates