$56.0bn
$X.Xbn
234k
46,568
$XX.Xbn
Industry performance has fluctuated over the past five years, as demand is primarily determined by activity within the industrial production and manufacturing sectors and the overall condition of the macroeconomic environment. Commercial activity and corporate profit also significantly influence industry demand since servicers maintain and repair kitchen-related equipment for restaurants, butcher shops, washing machines and dryers for laundromats. Revenue is rising at a CAGR of 0.4% to an estimated $56.0 billion, with an increase of 0.2% through the end of 2024.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $56.0bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Primoris Services Corporation | 2,334.5 | 100.2 | 4.3 | |
Service Logic LLC | 778.2 | 38.9 | 5.0 | |
Voith Gmbh & Co. Kgaa | 609.9 | 30.5 | 5.0 |
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Industry revenue is measured across several distinct product and services lines, including M&R of industrial M&E, M&R of commercial and service sector M&E (excluding refrigeration) and Other M&R. M&R of industrial M&E is the largest segment of the Machinery Maintenance & Heavy Equipment Repair Services in the US.
Recovering economic performance stabilizes the need for industrial maintenance
This industry provides maintenance and repair (M&R) for commercial, industrial, agricultural and other types of heavy machinery and equipment (M&E). Services include motor repair, blade sharpening, commercial refrigeration repair and other heavy machinery and equipment maintenance.
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NAICS 81131 - Machinery Maintenance & Heavy Equipment Repair Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The recovery in industrial, commercial and manufacturing sectors boosts the repair industry's performance. Consistent improvements and higher demand in these sectors signal a...
Learn about an industry's products and services, markets and trends in international trade.
The manufacturing sector's recovery from the economic slump has significantly boosted the need for maintenance and repair services. With a stabilizing inflation rate, these i...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Great Lakes area's industrial activity fuels a thriving repair services sector. Quick repairs keep factories humming and the local economy strong, highlighting the strate...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competitive pricing for industry services fuels internal competition. Repair services are fragmented and repair experts seeking a competitive edge will promote lower prices a...
Learn about the performance of the top companies in the industry.
No company owns more than a 5.0% share of the market. The industry is highly fragmented and many companies compete at the local level for customers.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Solid industrial production performance will determine industry success. Industry servicers must focus on the Industrial Production Index to gauge economic sentiment across c...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Higher costs are squeezing profit in the maintenance and repair sector. Even as demand grows, rising expenses for spare parts, lubricants and rent make it challenging for com...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Machinery Maintenance & Heavy Equipment Repair Services in the US industry in United States is $56.0bn in 2024.
There are 46,568 businesses in the Machinery Maintenance & Heavy Equipment Repair Services in the US industry in United States, which has declined at a CAGR of 3.6 % between 2019 and 2024.
The market size of the Machinery Maintenance & Heavy Equipment Repair Services in the US industry in United States has been growing at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Machinery Maintenance & Heavy Equipment Repair Services in the US industry in United States is expected to grow.
The biggest companies operating in the Machinery Maintenance & Heavy Equipment Repair Services market in United States are Primoris Services Corporation, Service Logic LLC and Voith Gmbh & Co. Kgaa
Industrial machinery and equipment M&R and Commercial and service-industry machinery and equipment M&R are part of the Machinery Maintenance & Heavy Equipment Repair Services in the US industry.
The company holding the most market share in United States is Primoris Services Corporation.
The level of competition is high and steady in the Machinery Maintenance & Heavy Equipment Repair Services in the US industry in United States.