Construction Equipment Repair and Maintenance Services Market Forecast, Trend Analysis & Competition Tracking - Global Review 2019 to 2029

  • Published : Ongoing
  • Category : Industrial Goods
  • Report Code : FACT3966MR

Global Construction Equipment Repair and Maintenance Services Market: Introduction

With the advent of heavy construction equipment and the approach of construction companies to adopt more mechanized equipment and in turn an organized sector has made it mandatory for maintaining the fleet of equipment to perform to its optimum resulting in the growth of construction equipment repair and maintenance services market. The Construction Equipment Repair and Maintenance Services includes services for earthmoving equipment, excavation equipment, and compactors. General-purpose of most of the construction equipment is to excavate but other than that they are also used for many purposes like heavy lifting, demolition, cutting of trees, river dredging etc. The boom in infrastructure, housing construction, and mining are the primary drivers attributing to the demand for construction equipment repair and maintenance services. Besides, the global Construction equipment repair and maintenance services market has witnessed healthy growth over the past decade; nonetheless, market conditions have become tougher recently. Construction equipment repair and maintenance services may be calibrated to optimize uptime during operating hours and, consequently, keep service costs low.

Apart from this, in the short term, the construction equipment repair and maintenance services market will see a bit of a slowdown in the further expansion of new or emerging players. The construction equipment repair and maintenance market is currently in the midst of considerable change. Among other things, demand for construction equipment has been highly volatile and is currently weak, customer landscape and expectations on the OEMs are changing, new and potentially revolutionary technologies are coming, and competitors from emerging markets are getting stronger.  Additionally, outsourcing of construction equipment maintenance and repair, also bring OEMs, dealers, and customers closer together.

Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global Construction Equipment Repair and Maintenance Services market.

Global Construction Equipment Repair and Maintenance Services Market: Dynamics

Heavy and Light construction equipment repair and maintenance services are expected to maintain the same proportion of the total industry over the forthcoming years. Among heavy construction equipment repair and maintenance services, wheel loaders are foreseen to witness a substantial growth rate. Whereas, among light constriction equipment, mini excavators expected to maintain a sustained growth rate. In Europe, construction equipment repair and maintenance services are expected to grow notably, which was driven by booming demand from the German residential construction sector.

Furthermore, the companies involved in construction equipment repair and maintenance services are reinforcing their services for emerging markets such as Latin America and India. Projects pertaining the road development, infrastructure development, new airports, irrigation, urban infrastructure etc. are the main boosting agents for the construction equipment repair and maintenance services market. Moreover, inefficient availability of financing options, poor uptime of construction equipment repair and maintenance services, lack of government support, and meagerly penetrated leasing or rental market to curtail the market growth. One of the most cited and prolific trends in the market is that OEMs are gradually increasing their focus on construction equipment repair and maintenance market, and will lead to the market becoming more competitive.

Global Construction Equipment Repair and Maintenance Services Market: Segments

The global construction equipment repair and maintenance services market can be segmented based on product type, operation, owner type, and region.

Based on product type, the global construction equipment repair and maintenance services market can be segmented as:

  • Heavy Equipment
    • Crawler Excavator
    • Wheel Loader
    • Dozer
    • Grader
    • Compactors
    • Wheeled Excavator
  • Light Equipment
    • Mini Excavator
    • Tractor Loader Backhoe
    • Telehandler
    • Skid-steer Loader
    • Compact Wheel Loader
    • Rough Terra Forklifts  
  • Auxiliary Equipment (incl. crusher, cranes etc.)

Based on services, the global construction equipment repair and maintenance services market can be segmented as:

  • Transmission and Engine Repair
  • Hydraulic Units Repair
  • Welding and Fabrication Services
  • Paint Services
  • Preventive Maintenance Services
  • Electronic Services & Installation

Based on owner type, the global construction equipment repair and maintenance services market can be segmented as:

  • Rental Companies
  • Construction Companies
  • Sub-contractors
  • Private Owners

Global Construction Equipment Repair and Maintenance Services Market: Regional Outlook

Construction equipment repair and maintenance services market growth is mainly driven by Asia Pacific and North America. In addition, Africa and the Middle East are expected with higher growth rate. China is expected to be largely driven by heavy construction equipment repair and maintenance services demand; however, light construction equipment repair and maintenance services to gain prominence in Europe over the coming years.  Further, Europe and Latin America are anticipated to experience low growth rate in the construction equipment repair and maintenance Services market. Most of the regional construction equipment repair and maintenance services markets are expected to see growth in the coming years, but the key driver will be China. Lastly, among ASEAN countries - Indonesia and Vietnam are expected to continue growing due to rising urbanization and disposable incomes, bolstering the demand for construction equipment repair and maintenance services in the foreseeable future. 

Global Construction Equipment Repair and Maintenance Services Market: Key Participants

List of some of the prominent market participants in the global Construction Equipment Repair and Maintenance Services market discerned across the value chain include:

  • H&E Equipment Services, Inc.   
  • Tri-County Equipment
  • Gil's Heavy Equipment Repair
  • Mader Group
  • AC Equipment
  • Phillips Heavy Equipment Services, LLC
  • Whayne Walker CAT
  • Maruma Technica
  • Heavy Equipment Maintenance Solutions Ltd
  • Lavy Enterprises

The research report – Construction Equipment Repair and Maintenance Services presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The study on Construction Equipment Repair and Maintenance Services market also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Construction Equipment Repair and Maintenance Services market segments such as geographies, application, and industry.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain in the Construction Equipment Repair and Maintenance Services market. The report – Construction Equipment Repair and Maintenance Services provide in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Construction Equipment Repair and Maintenance Services market segments and geographies.

Report Highlights:

  • Detailed overview of Construction Equipment Repair and Maintenance Services market
  • Changing Construction Equipment Repair and Maintenance Services market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected Construction Equipment Repair and Maintenance Services market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on Construction Equipment Repair and Maintenance Services market performance
  • Must-have information for Construction Equipment Repair and Maintenance Services market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company

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