Service standards: Growing downstream demand and manufacturing activity will drive further revenue growth
Revenue for repair service providers has expanded in recent years. Falling demand from the energy and mining sectors has lowered revenue for repair service providers. Growing demand from other downstream markets, including retail, wholesale, transportation and warehousing, has overshadowed the poor performance of these sectors. Repair service revenue is estimated to grow at a CAGR of 0.2% to $11.5 billion through the end of 2023, including a 0.8% increase in 2023 alone.
The Machinery Maintenance and Heavy Equipment Repair Services industry in Canada offers maintenance and repair services, such as blade sharpening and welding, for commercial, industrial, agricultural and other sectors that use heavy machinery and equipment. Automotive and electronic repairs are excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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