Demand for the Machinery Maintenance and Heavy Equipment Repair Services industry is steadily recovering from severe losses during the recession. Reduced consumer spending slowed demand for industry products and services during this time. However demand for M&R is currently recovering along with the overall economy. Over the five years to 2019, the long-term effects of the recent upsurge in private investment in industrial equipment and machinery will contribute to significant revenue gains for M&R contractors, subsequently growing industry revenue.
Industry operators maintain and repair (M&R) 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 done by the Auto Mechanic (IBISWorld report 81111) and Electronic & Computer Repair Services (IBISWorld report 81121) industries.
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.