The industry has grown over the past five years. The performance of this industry is traditionally countercyclical, so demand for machinery repairs increased during the start of the period as firms chose to repair their existing machinery instead of purchasing replacements during difficult times. However, growth was curtailed as demand for maintenance services softened due to weak activity levels widening gaps between services intervals. Industry growth dampened during the latter part of the period as rebounding economic conditions prompted many businesses in downstream industries to replace ageing machinery and equipment, which adversely influenced demand for repair services.
This industry covers the repair and maintenance of industrial machinery and equipment across a range of manufacturing, construction, agricultural, energy and mining and quarrying industries. The services offered include sharpening or installing machinery blades and saws, welding, and general repairs and maintenance.
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.