The Commercial and Industrial Machinery and Equipment Repair and Maintenance industry's gross output in the US was $43.7 billion in 2023. Forecasts from 2024 to 2028 suggest a steady upward trend in value, reaching $47.13 billion by 2028. Year-on-year, this reflects growth rates of around 1.6% to 1.4% from 2024 to 2028. The compound annual growth rate (CAGR) over this five-year span averages approximately 1.6%, indicating consistent industry expansion.
Future trends to monitor include technological advancements in machinery requiring specialized services, shifts towards automation, and the impact of economic cycles on industrial demands for maintenance services.
