Machinery Maintenance & Heavy Equipment Repair Services in Canada
The Machinery Maintenance and Heavy Equipment Repair Services industry slightly contracted over the five years to 2018, as key downstream markets, including the energy, mining and construction sector, have not performed strongly during this period. Moreover, declines in global commodity prices reduce demand from energy and mining markets. Over the five years to 2023, industry revenue is forecast to increase. Improvements in downstream markets and steady manufacturing output are anticipated to drive demand for industry services. Moreover, slightly increasing commodity prices will drive maintenance and repair demand from key energy and mining markets. Nevertheless, industry participation will likely remain subdued as some markets experience a degree of saturation.
This industry offers maintenance and repair (M&R) 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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