Industrial Maintenance Services Market Size, Share & Trends Analysis Report By Service Type (Preventive Maintenance, Predictive Maintenance, Shutdown/Turnaround Management), By Service Mode (On-Site Maintenance, Remote Services, Hybrid Models), By End-use
Description
Industrial Maintenance Services Market Summary
The global industrial maintenance services market size was estimated at USD 141.55 billion in 2024 and is projected to reach USD 199.45 billion by 2033, growing at a CAGR of 3.9% from 2025 to 2033. The increasing focus of the industries on equipment reliability, operational efficiency, and reduced downtime primarily drives the market growth.
The adoption of digital technologies such as IoT, AI, and predictive analytics is transforming maintenance from reactive to preventive and predictive approaches. These technologies enable real-time monitoring, early fault detection, and optimized maintenance scheduling, minimizing costly disruptions. Rising industrial automation and the need to extend asset life are further driving demand for advanced maintenance services.
Additionally, growing investments in manufacturing, energy, and infrastructure sectors, along with stricter safety and regulatory requirements, are encouraging companies to outsource maintenance operations to specialized service providers. Emerging economies are also playing a key role, with expanding industrial bases creating a greater need for skilled maintenance solutions.
Global Industrial Maintenance Services Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global industrial maintenance services market report based on service type, service mode, end-use, and region:
The global industrial maintenance services market size was estimated at USD 141.55 billion in 2024 and is projected to reach USD 199.45 billion by 2033, growing at a CAGR of 3.9% from 2025 to 2033. The increasing focus of the industries on equipment reliability, operational efficiency, and reduced downtime primarily drives the market growth.
The adoption of digital technologies such as IoT, AI, and predictive analytics is transforming maintenance from reactive to preventive and predictive approaches. These technologies enable real-time monitoring, early fault detection, and optimized maintenance scheduling, minimizing costly disruptions. Rising industrial automation and the need to extend asset life are further driving demand for advanced maintenance services.
Additionally, growing investments in manufacturing, energy, and infrastructure sectors, along with stricter safety and regulatory requirements, are encouraging companies to outsource maintenance operations to specialized service providers. Emerging economies are also playing a key role, with expanding industrial bases creating a greater need for skilled maintenance solutions.
Global Industrial Maintenance Services Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global industrial maintenance services market report based on service type, service mode, end-use, and region:
- Service Type Outlook (Revenue, USD Million, 2021 - 2033)
- Preventive Maintenance
- Predictive Maintenance
- Shutdown / Turnaround Management
- Service Mode Outlook (Revenue, USD Million, 2021 - 2033)
- On-site maintenance
- Remote services
- Hybrid Models
- End-use Outlook (Revenue, USD Million, 2021 - 2033)
- Oil & Gas
- Automotive
- Aerospace & Defense
- Chemicals
- Food & Beverage
- Pharmaceutical
- General Manufacturing
- Others
- Regional Outlook (Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
100 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
- Chapter 3. Global Industrial Maintenance Services Market Variables, Trends & Scope
- 3.1. Market Concentration & Growth Prospect Mapping
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Technology Overview
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Challenges Analysis
- 3.5.4. Market Opportunity Analysis
- 3.6. Economic Mega-Trend Analysis
- 3.7. Industry Analysis Tools
- 3.7.1. Porter’s Five Forces Analysis
- 3.7.2. Macro-environmental Analysis
- Chapter 4. Global Industrial Maintenance Services Market: Service Type Estimates & Trend Analysis
- 4.1. Service Type Movement Analysis & Market Share, 2024 & 2033
- 4.2. Global Industrial Maintenance Services Market Estimates & Forecast, By Service Type, 2021 to 2033 (USD Million)
- 4.3. Preventive Maintenance
- 4.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Predictive Maintenance
- 4.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Shutdown / Turnaround Management
- 4.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 5. Global Industrial Maintenance Services Market: Service Mode Estimates & Trend Analysis
- 5.1. Service Mode Movement Analysis & Market Share, 2024 & 2033
- 5.2. Global Industrial Maintenance Services Market Estimates & Forecast, By Service Mode, 2021 to 2033 (USD Million)
- 5.3. On-site maintenance
- 5.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.4. Remote services
- 5.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.5. Hybrid Models
- 5.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 6. Global Industrial Maintenance Services Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2024 & 2033
- 6.2. Global Industrial Maintenance Services Market Estimates & Forecast, By End Use, 2021 to 2033 (USD Million)
- 6.3. Oil & Gas
- 6.3.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Automotive
- 6.4.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5. Aerospace & Defense
- 6.5.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6. Chemicals
- 6.6.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.7. Food & Beverage
- 6.7.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.8. Power generation
- 6.8.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.9. Others
- 6.9.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.10. General Manufacturing
- 6.10.1. Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- Chapter 7. Global Industrial Maintenance Services Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2024 & 2033
- 7.2. North America
- 7.2.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.2. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.2.3. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.2.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.2.5. U.S.
- 7.2.5.1. Key country dynamics
- 7.2.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.5.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.2.5.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.2.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.2.6. Canada
- 7.2.6.1. Key country dynamics
- 7.2.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.6.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.2.6.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.2.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.2.7. Mexico
- 7.2.7.1. Key country dynamics
- 7.2.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.2.7.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.2.7.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.2.7.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3. Europe
- 7.3.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.2. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.3.3. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.3.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.5. Germany
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.5.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.3.5.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.3.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.6. France
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.6.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.3.6.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.3.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.7. UK
- 7.3.7.1. Key country dynamics
- 7.3.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.7.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.3.7.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.3.7.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.8. Italy
- 7.3.8.1. Key country dynamics
- 7.3.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.8.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.3.8.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.3.8.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.3.9. Spain
- 7.3.9.1. Key country dynamics
- 7.3.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.3.9.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.3.9.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.3.9.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.2. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.4.3. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.4.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.5. China
- 7.4.5.1. Key country dynamics
- 7.4.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.5.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.4.5.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.4.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.6. India
- 7.4.6.1. Key country dynamics
- 7.4.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.6.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.4.6.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.4.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.7. Japan
- 7.4.7.1. Key country dynamics
- 7.4.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.7.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.4.7.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.4.7.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.8. Australia
- 7.4.8.1. Key country dynamics
- 7.4.8.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.8.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.4.8.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.4.8.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.4.9. South Korea
- 7.4.9.1. Key country dynamics
- 7.4.9.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.4.9.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.4.9.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.4.9.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.5. Latin America
- 7.5.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.2. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.5.3. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.5.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.5.5. Brazil
- 7.5.5.1. Key country dynamics
- 7.5.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.5.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.5.5.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.5.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.5.6. Argentina
- 7.5.6.1. Key country dynamics
- 7.5.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.5.6.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.5.6.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.5.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.2. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.6.3. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.6.4. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.5.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.6.5.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.6.5.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.6.6. UAE
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.6.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.6.6.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.6.6.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- 7.6.7. South Africa
- 7.6.7.1. Key country dynamics
- 7.6.7.2. Market Estimates & Forecast, 2021 - 2033 (USD Million)
- 7.6.7.3. Market estimates & forecast, by service type, 2021 - 2033 (USD Million)
- 7.6.7.4. Market estimates & forecast, by service mode, 2021 - 2033 (USD Million)
- 7.6.7.5. Market estimates & forecast, by end use, 2021 - 2033 (USD Million)
- Chapter 8. Global Industrial Maintenance Services Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Dashboard Analysis
- 8.4. Vendor Landscape
- 8.5. Company Positioning Analysis, 2024
- 8.6. Company Heat Map Analysis, 2024
- 8.7. Strategy Mapping
- 8.8. Company Profiles
- 8.8.1. Siemens AG
- 8.8.1.1. Participant’s overview
- 8.8.1.2. Financial performance
- 8.8.1.3. Product benchmarking
- 8.8.1.4. Recent developments
- 8.8.2. ABB Ltd.
- 8.8.2.1. Participant’s overview
- 8.8.2.2. Financial performance
- 8.8.2.3. Product benchmarking
- 8.8.2.4. Recent developments
- 8.8.3. Schneider Electric SE
- 8.8.3.1. Participant’s overview
- 8.8.3.2. Financial performance
- 8.8.3.3. Product benchmarking
- 8.8.3.4. Recent developments
- 8.8.4. Honeywell International Inc.
- 8.8.4.1. Participant’s overview
- 8.8.4.2. Financial performance
- 8.8.4.3. Product benchmarking
- 8.8.4.4. Recent developments
- 8.8.5. Emerson Electric Co.
- 8.8.5.1. Participant’s overview
- 8.8.5.2. Financial performance
- 8.8.5.3. Product benchmarking
- 8.8.5.4. Recent developments
- 8.8.6. Rockwell Automation, Inc.
- 8.8.6.1. Participant’s overview
- 8.8.6.2. Financial performance
- 8.8.6.3. Product benchmarking
- 8.8.6.4. Recent developments
- 8.8.7. Mitsubishi Electric Corporation
- 8.8.7.1. Participant’s overview
- 8.8.7.2. Financial performance
- 8.8.7.3. Product benchmarking
- 8.8.7.4. Recent developments
- 8.8.8. General Electric Company
- 8.8.8.1. Participant’s overview
- 8.8.8.2. Financial performance
- 8.8.8.3. Product benchmarking
- 8.8.8.4. Recent developments
- 8.8.9. SKF Group
- 8.8.9.1. Participant’s overview
- 8.8.9.2. Financial performance
- 8.8.9.3. Product benchmarking
- 8.8.9.4. Recent developments
- 8.8.10. Parker‑Hannifin Corporation
- 8.8.10.1. Participant’s overview
- 8.8.10.2. Financial performance
- 8.8.10.3. Product benchmarking
- 8.8.10.4. Recent developments
- 8.8.11. Metso Outotec
- 8.8.11.1. Participant’s overview
- 8.8.11.2. Financial performance
- 8.8.11.3. Product benchmarking
- 8.8.11.4. Recent developments
- 8.8.12. Wärtsilä Corporation
- 8.8.12.1. Participant’s overview
- 8.8.12.2. Financial performance
- 8.8.12.3. Product benchmarking
- 8.8.12.4. Recent developments
- 8.8.13. Flowserve Corporation
- 8.8.13.1. Participant’s overview
- 8.8.13.2. Financial performance
- 8.8.13.3. Product benchmarking
- 8.8.13.4. Recent developments
- 8.8.14. Petrofac Limited
- 8.8.14.1. Participant’s overview
- 8.8.14.2. Financial performance
- 8.8.14.3. Product benchmarking
- 8.8.14.4. Recent developments
- 8.8.15. Bilfinger SE
- 8.8.15.1. Participant’s overview
- 8.8.15.2. Financial performance
- 8.8.15.3. Product benchmarking
- 8.8.15.4. Recent developments
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