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



Abstract

Machinery Maintenance & Heavy Equipment Repair Services in the US

The Machinery Maintenance and Heavy Equipment Repair Services industry, which services equipment across a broad spectrum of downstream industries, has grown strongly during the past five years. Heightened business activity in line with economic recovery over the period has increased depreciation of industrial equipment, boosting the need for repair services. However, although higher profit margins among downstream customers lifted demand early in the five-year period, businesses with healthier balance sheets have increasingly opted in recent years to replace rather than repair equipment, constraining growth in demand for industry services. Nevertheless, an increased focus on predictive and preventive maintenance has sustained demand, and the industry is expected to continue growing through 2021, albeit at a slower pace than in the previous five years.

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.

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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Table Of Contents

Machinery Maintenance and Heavy Equipment Repair Services in the US - Industry Market Research Report

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS and MARKETS
Supply Chain
Products and Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology and Systems
Revenue Volatility
Regulation and Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON and GLOSSARY

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