Machinery Maintenance & Heavy Equipment Repair Services in the US
The Machinery Maintenance and Heavy Equipment Repair Services industry experienced volatile demand over the past five years. Operators in this industry serve as contractors that perform maintenance and repair (M&R) services on machinery and equipment (M&E) used broadly across the US economy, including in the agricultural, construction, retail and manufacturing sectors. Economic improvements over the past five years have led to increased business activity and, therefore, growth in M&E depreciation. It also bolstered profit margins for the downstream sectors using this industry's services. As a result, customers' need and ability to pay for M&R has increased, aiding demand for industry services. The industry is expected to continue growing in the five years to 2022. As economic growth continues, downstream business activity and profit margins are expected to rise more rapidly, leading to greater demand for M&R services.
This industry provides maintenance and repair (M&R) for commercial, industrial, agricultural and other types of machinery and equipment (M&E). 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.