Machinery Maintenance & Heavy Equipment Repair Services in the US
The Machinery Maintenance and Heavy Equipment Repair Services industry experienced stable growth over the five years to 2018. A broad increase in production and increased level of corporate profit have driven investment in industrial and manufacturing equipment during the five-year period, which includes repairs and regular maintenance. Industry operators are increasingly offering preventive and predictive maintenance services to downstream businesses, which has also supported revenue growth during the period. The industry is expected to continue growing over the five years to 2023. As economic growth continues, downstream business activity and profit margins are expected to continue rising, leading to sustained demand for maintenance and repair services.
This industry provides maintenance and repair (M&R) for commercial, industrial, agricultural and other types of machinery and equipment. 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.
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