Industry Analysis & Industry Trends
In good repair
Unlike most industries, providers of machinery repair services benefited from the poor economy, as cash-strapped companies opted to repair old machinery instead of replacing it. As the economy recovers, however, the consequent boost in domestic production levels will push companies to resume their investment in new machinery, though this will still bode well for the industry. More machines purchased means more machines will eventually require repairs and maintenance. Additionally, companies will increasingly outsource their maintenance and repair activities to focus on their core businesses... purchase to read more
Industry Report - Industry Key Buyers Chapter
There are no identifiable major players in the Machinery Maintenance and Heavy Equipment Repair Services industry, which reflects a low level of concentration. Instead of having major companies that corner a discernible slice of the industry through widespread geographical reach and vertical integration, well over half of all firms in this industry are owner-operator enterprises. Such players operate in highly specialized niche markets in local or regional geographies. Market share concentration is expected to remain low given the ease with which sole proprietors can exit and enter the industry... purchase to read more