Repair demand: Reduced capital spending by industrial firms boosts demand for repairs

Industry revenue is estimated to rise at a compound annual rate of 1.4% over the five years through 2018-19. Industrial production activity improved slowly, which supported demand for maintenance services, as higher activity levels shortened service intervals. Many industrial firms also increased capital intensity levels, which enhanced demand for maintenance services, as more equipment needed to be maintained. However, the replacement of older equipment hindered demand for repair services, as ageing equipment generally needs to be repaired more often. A fall in defence spending did increase demand for repair services from the military, but demand for maintenance services dwindled, constraining revenue growth, because reduced military operations widened service intervals...read more.

Industry Statistics & Market Size
Revenue
£1bn
Annual Growth 14-19
1.4%
Forecast Growth 19-24
Profit
Employment
8,176
Businesses
1,035
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Higher industrial activity levels shortened service intervals, supporting industry demand
  • Efforts to improve cost efficiencies have helped profit margins expand over the past five years
  • Increased levels of capital expenditure and rising automation are expected to support industry demand
  • Industry Report - Industry Products Chapter

    Steam generator and industrial pipe repairThe largest product segment in the industry is the repair and maintenance of steam generators and metal pipes used in industrial plants. This category includes repairs to steam and other vapour generators, related auxiliary plant and equipment such as condensers, economisers, super heaters, steam collectors and accumulators. Steam generators are used across a range of industries, including electricity generation, cement production, agriculture, textile pressing, chemical production and jewellery cleaning. This has ensured that the segment's share of revenue remained relatively stable over the past five years...purchase to read more.

    Additional Insights for the Fabricated Metal Product Repair & Maintenance Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fabricated Metal Product Repair & Maintenance Industry are

  • Ability to provide goods/services in diverse locations
  • Highly trained workforce
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Business capital expenditure in the Fabricated Metal Product Repair & Maintenance industry impact industry performance..

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    What's in this report

    What is the Fabricated Metal Product Repair & Maintenance Industry?

    Firms in this industry repair a diverse range of fabricated metal products, including metal tanks, reservoirs, containers, steel shipping drums, steam or vapour generators, nuclear reactors and parts for marine or power boilers. The repair and maintenance of pipes, firearms, ordnance and shopping trolleys are also covered by this industry, as is mobile welding repair.

    Industry Products
  • Industrial boiler repair
  • Mobile welding repair
  • Steam generator and industrial pipe repair
  • Other structural metal product repair
  • Metal tank and container repair
  • Military weapons and weapons systems repair
  • Industry Activities
  • Providing mobile welding services
  • Repairing boilers, generators, accumulators and pipes
  • Repairing firearms and ordnance
  • Repairing shopping trolleys
  • Repairing shipping drums, tanks, containers and reservoirs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Business capital expenditure
  • Government spending on defence
  • Average maximum temperature
  • Real household disposable income

  • Current Performance
  • Demand trends
  • Margins expand
  • Chart: Revenue Growth

  • Industry Outlook
  • Industrial demand conditions
  • Defence and electricity demand
  • Potential issues
  • Profitability improves
  • Table: Fabricated Metal Product Repair & Maintenance Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fabricated Metal Product Repair & Maintenance Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Electricity Production
  • Supermarkets
  • Consumers

  • Key Selling Industries
  • Manufacture of Other Electrical Equipment
  • Tool Manufacturing

  • Products & Services
  • Steam generator and industrial pipe repair
  • Military weapons and weapons systems repair
  • Other structural metal product repair
  • Metal tank and container repair
  • Mobile welding repair
  • Industrial boiler repair
  • Chart: Fabricated Metal Product Repair & Maintenance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Industrial markets
  • Military
  • Power generators
  • Other
  • Petroleum sector
  • Households
  • Chart: Major Market Segmentation for the Fabricated Metal Product Repair & Maintenance Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Fabricated Metal Product Repair & Maintenance

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fabricated Metal Product Repair & Maintenance Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fabricated Metal Product Repair & Maintenance Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Fabricated Metal Product Repair & Maintenance Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Boiler
  • A device that heats water for various applications.
  • Fabricated Metal
  • A metal structure that has been cut, bent or assembled using some type of tool or machine.
  • Mobile Welder
  • A small business that provides mobile welding services to households and businesses.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fabricated Metal Product Repair & Maintenance market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fabricated Metal Product Repair & Maintenance:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fabricated Metal Product Repair & Maintenance market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fabricated Metal Product Repair & Maintenance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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