The industry's performance has been strong in the past five years, amounting to a general growth trend as downstream demand has increased in most years. A wide range of companies and businesses use heavy machinery repair and maintenance services to ensure plant and equipment continues to operate effectively. However, relatively weak growth in some key downstream markets, such as manufacturing, has offset some of this expansion. Overall, industry revenue is expected to increase at an annualised 3.0% over the five years through 2014-15 due to demand from the mining, construction and agricultural sectors.
Businesses in the industry repair, service and maintain a wide range of heavy machinery and equipment across a large number of client industries. These items include pumps and compressors, agricultural machinery and equipment, mining and construction machinery, machine tools, engines (except automotive), lifting and material handling equipment, and other heavy machinery and equipment.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.