Scheduled maintenance: Revenue will rise as economic growth accelerates equipment depreciation

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 12-17
1.1%
Forecast Growth 17-22
Profit
Employment
259,570
Businesses
73,995
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • When businesses from downstream industries experience strong growth, they may be more likely to purchase new M&E
  • The industry has increased its focus on preventive and predictive maintenance
  • The numerous sectors that the industry serves are expected to grow
  • Industry Report - Industry Products Chapter

    M&R of industrial M&EMaintenance and repair (M&R) services for industrial machinery and equipment (M&E) account for the largest share of industry revenue. While machinery is heavily used in most sectors of the technologically advanced US economy, it is particularly prevalent in manufacturing. As a result, US manufacturers regularly demand the industry's services. Industry operators provide M&R services on a wide range of industrial M&E, including the metal cutting, grinding, buffering, drilling and polishing M&E produced by the Metalworking Machinery Manufacturing industry (IBISWorld report 33351). Ind...purchase to read more.

    Additional Insights for the Machinery Maintenance & Heavy Equipment Repair Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Machinery Maintenance & Heavy Equipment Repair Services Industry are

  • Securing contracts with large manufacturers
  • Proximity to key markets
  • Highly trained and skilled workforce
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Consumer spending in the Machinery Maintenance & Heavy Equipment Repair Services industry impact industry performance..

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    What's in this report

    What is the Machinery Maintenance & Heavy Equipment Repair Services Industry?

    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.

    Industry Products
  • M&R of industrial M&E
  • M&R of commercial and service sector M&E (excluding refrigeration)
  • Other M&R
  • M&R of agricultural, construction, mining and forestry machinery M&E
  • Resale of merchandise
  • M&R of commercial refrigeration equipment
  • Industry Activities
  • Industrial machinery and equipment M&R
  • Commercial and service-industry machinery and equipment M&R
  • General-purpose machinery and equipment M&R
  • Heavy machinery and equipment M&R
  • Reselling merchandise
  • Commercial refrigeration M&R
  • Hydraulic equipment M&R
  • Welding repair services (e.g. automotive, general)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Consumer spending
  • Private investment in industrial equipment and machinery
  • Demand from agriculture, forestry, fishing and hunting
  • Value of construction

  • Current Performance
  • Volatile demand
  • Growth in maintenance services
  • Profit growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued growth in downstream demand
  • New machinery
  • More M&R outsourcing
  • Profit
  • Table: Machinery Maintenance & Heavy Equipment Repair Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Machinery Maintenance & Heavy Equipment Repair Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Mining
  • Construction
  • Metalworking Machinery Manufacturing
  • Public Storage & Warehousing
  • Refrigerated Storage

  • Key Selling Industries
  • Electrical Equipment Wholesaling
  • Gasoline & Petroleum Wholesaling
  • Refrigeration Equipment Wholesaling
  • Wholesale Trade

  • Products & Services
  • M&R of industrial M&E
  • Other M&R
  • M&R of commercial and service sector M&E (excluding refrigeration)
  • M&R of agricultural, construction, mining and forestry machinery M&E
  • Resale of merchandise
  • M&R of commercial refrigeration equipment
  • Chart: Machinery Maintenance & Heavy Equipment Repair Services Industry Products and Services Segmentation

  • Demand Determinants
  • Downstream industry activity
  • Investment in new machinery
  • Technological changes
  • Outsourcing

  • Major Markets
  • Manufacturing industries
  • Retail, wholesale and service industries
  • Agricultural, construction, mining and forestry industries
  • State and local governments
  • Individuals
  • Federal government
  • Nonprofit organization
  • Chart: Major Market Segmentation for the Machinery Maintenance & Heavy Equipment Repair Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation, rent, utilities, marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Machinery Maintenance & Heavy Equipment Repair Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Machinery Maintenance & Heavy Equipment Repair Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Machinery Maintenance & Heavy Equipment Repair Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Machinery Maintenance & Heavy Equipment Repair Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Industrial Production Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Bearing
  • A machine component that restricts and controls the movement of parts. Used in a large number of machines that this industry operates on.
  • Electric Arc Furnace
  • Machinery used to produce steel by shooting electricity between electrodes to burn pig iron and other materials.
  • Predictive Maintenance
  • Noninvasive techniques that detect the earliest signs of equipment malfunction to determine when a repair should be made.
  • Preventive Maintenance
  • Routine inspections and parts replacements designed to prevent unforeseen breakage of equipment and machinery.
  • Thermography
  • The use of infrared vision to spot irregularities in machinery and equipment that cannot be detected by the naked eye.
  • Vibration Monitoring
  • The reading of machinery vibrations and comparison of findings with previous readings as a means of detecting machinery faults.
  • What Our Customers Say

    Why buy this report?

    The Machinery Maintenance & Heavy Equipment Repair Services industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Machinery Maintenance & Heavy Equipment Repair Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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