An easy fix: Rising demand supports long-term growth, despite a short-term fall in revenue

The industry expanded steadily during the first half of the five-year period through 2017-18, as rising construction activity increased asset utilisation levels and propelled demand. Business capital spending also trended upwards and enhanced demand, as firms invested more in machinery that needed to be repaired and maintained. However, relatively slow growth in manufacturing activity, difficulties faced by firms in the agricultural sector and sharp declines in mining and quarrying activity constrained industry expansion. Revenue fell during 2016-17, as economic turbulence following the EU referendum caused growth in construction activity to soften. Business capital spending also tumbled and hampered demand. Nevertheless, revenue is expected to rise at a compound annual rate of more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Falling business spending and construction activity is expected to negatively affect revenue
  • Manufacturers have increasingly outsourced repair and maintenance services, to the benefit of the industry
  • Growth in construction activity is expected to pick up and support demand for the industry’s services
  • Industry Report - Starting a New Business Chapter

    The industry has moderate barriers to entry. As technicians in this industry are required to work on a large range of machines and models, they need a broader set of expertise than those employed by companies to maintain or repair one type of equipment, and acts as a potential barrier to entry. Maintenance contracts can be difficult to win, as clients generally prefer to work with service suppliers they have known for some time. For operators to break into the industry, they generally require a pre-existing reputation from earlier work, for example, as the employee of an equipment manufacturer.Some businesses working in the industry require technical and costly equipment and parts. Despite this, capital requirements are relatively low. An ...purchase to read more.

    Additional Insights for the Machinery Repair & Maintenance Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Machinery 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 Machinery Repair & Maintenance industry impact industry performance..

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    What's in this report

    What is the Machinery Repair & Maintenance Industry?

    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.

    Industry Products
  • Repairing and maintaining lifting and handling equipment
  • Repairing and maintaining engines and turbines
  • Repairing and maintaining pumps and compressors
  • Repairing and maintaining cooling and ventilation equipment
  • Repairing and maintaining mining and quarrying equipment
  • Industry Activities
  • Repairing and maintaining agricultural, forestry and logging machinery
  • Repairing and maintaining commercial general-purpose machinery
  • Repairing and maintaining lifting and handling equipment, such as lifts and elevators
  • Repairing and maintaining mining, construction and oil and gas field machinery
  • Repairing and maintaining non-motor vehicle engines
  • Repairing and maintaining food-, beverage- and tobacco-processing machinery
  • 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
  • Total value of construction
  • Agricultural income
  • Demand from hard coal mining

  • Current Performance
  • Industry repair
  • Outsourcing boosts revenue
  • Volatile margins
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand trends
  • Technological developments
  • Potential disruptions
  • Table: Machinery Repair & Maintenance Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Hard Coal Mining
  • Iron & Steel Manufacturing
  • Electricity Production
  • Commercial Building Construction
  • Residential Building Construction

  • Key Selling Industries
  • Other Machinery and Equipment Wholesaling
  • Temporary-Employment Placement Agencies

  • Products & Services
  • Other
  • Repairing and maintaining lifting and handling equipment
  • Repairing and maintaining engines and turbines
  • Repairing and maintaining pumps and compressors
  • Repairing and maintaining cooling and ventilation equipment
  • Repairing and maintaining mining and quarrying equipment
  • Chart: Machinery Repair & Maintenance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing industries
  • Construction sector
  • Other
  • Agriculture and forestry industries
  • Mining and quarrying industries
  • Chart: Major Market Segmentation for the Machinery Repair & Maintenance Industry

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

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Machinery 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 Machinery 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 Machinery Repair & Maintenance Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Centrifugal Pump
  • A pump used to transport fluids by the conversion of rotational kinetic energy to the hydrodynamic energy of the fluid flow.
  • Industrial Production
  • A measure of the output of the industrial sector, which includes the manufacturing, mining and utilities industries.
  • Positive Displacement Pump
  • A pump that makes liquid move by trapping a small amount and then displacing it into a discharge pipe.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Machinery Repair & Maintenance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 Machinery 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 Machinery 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 Machinery 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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