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

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...purchase to read more.

Industry Statistics & Market Size
Revenue
$39bn
Annual Growth 13-18
1.3%
Forecast Growth 18-23
Profit
Employment
254,365
Businesses
73,573
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • A broad increase in production and increased level of corporate profit have driven investment in industrial and manufacturing equipment
  • 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 for industrial equipment and machineryIn 2018, maintenance and repair (M&R) services for industrial equipment is anticipated to account for 36.2% of total 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 machinery and equipment (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. 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
  • Demand drivers
  • Predictive maintenance services
  • Industry profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued growth in downstream demand
  • Increasing reliance on software
  • More M&R outsourcing
  • Profit and industry participation
  • 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
  • Industrial sector
  • All other businesses
  • Commercial and food service
  • Agricultural, construction, mining and forestry sector
  • Government entities
  • Individual clients
  • Nonprofit organizations
  • 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
  • Profit
  • Wages
  • Purchases
  • Depreciation, 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Industrial Production Index (2009-2023)

  • 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 on which this industry operates.
  • 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 technology 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 Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Machinery Maintenance & Heavy Equipment Repair Services:
    • 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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Machinery Maintenance & Heavy Equipment Repair Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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