In repair: Improvements in downstream markets are anticipated to drive demand for industry services

The Machinery Maintenance and Heavy Equipment Repair Services industry in Canada has expanded over the five years to 2019 despite declining demand from key downstream markets, including the energy, mining and construction sectors, which have underperformed during the period. Moreover, declines in global commodity prices reduced demand from energy and mining markets. However, the growth of demand from the rest of the economy has overshadowed the poor performance of these sectors. The expansion of the industry is highlighted in the growth of wages. Over the five years to 2024, industry revenue is forecast to increase. Improvements in downstream markets and steady manufacturing output are anticipated to drive demand for industry services...read more.

Industry Statistics & Market Size
Revenue
$10bn
Annual Growth 14-19
1.5%
Forecast Growth 19-24
Profit
Employment
53,901
Businesses
16,280
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The strong growth of consumer spending underpinned the expansion of the manufacturing sector and the economy
  • The industry exhibited declining demand from key downstream markets
  • The value of nonresidential construction is expected to grow
  • Industry Report - Industry Key Buyers Chapter

    The Machinery Maintenance and Heavy Equipment Repair Services industry in Canada operates with a low level of market share concentration. In 2019, no single player is expected to hold more than 1.0% of industry revenue. Indicative of this low level of market share concentration, nonemployers are anticipated to account for 50.5% of total industry establishments in 2019.The nature of services provided in this industry indicates that there are relatively few benefits to be realized from increasing operational scale. While a range of equipment is required to offer maintenance and repair services, some of which necessitate large capital investments, a stable amount of labour is required for each project. Thi...purchase to read more.

    Additional Insights for the Machinery Maintenance & Heavy Equipment Repair Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Machinery Maintenance & Heavy Equipment Repair Services Industry are

  • Having contracts within key markets
  • Proximity to key markets
  • Highly trained workforce
  • IBISWorld analysts also discuss how external factors such as Industrial capacity utilization and Demand from oil drilling and gas extraction in the Machinery Maintenance & Heavy Equipment Repair Services industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Machinery Maintenance & Heavy Equipment Repair Services Industry?

    This industry 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.

    Industry Products
  • Industrial M&R
  • Commercial and service industries M&R
  • Agricultural, construction, mining and forestry M&R
  • Industry Activities
  • Providing maintenance, repair and parts installation for industrial sector clients
  • Providing maintenance, repair and parts installation for commercial sector clients
  • Providing maintenance, repair and parts installation for service sector clients
  • Providing maintenance, repair and parts installation for agricultural sector clients
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial capacity utilization
  • Demand from oil drilling and gas extraction
  • Consumer spending
  • Value of nonresidential construction

  • Current Performance
  • Downstream demand trends
  • Profit and labour pool characteristics
  • Trends in industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream industry and economic growth
  • Industry structure
  • Table: Machinery Maintenance & Heavy Equipment Repair Services Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Mining In Canada
  • Construction In Canada
  • Metalworking Machinery Manufacturing in Canada
  • Public Storage & Warehousing in Canada

  • Key Selling Industries
  • Gasoline & Petroleum Wholesaling in Canada
  • Wholesale Trade In Canada

  • Products & Services
  • Industrial M&R
  • Agricultural, construction, mining and forestry M&R
  • Other
  • Commercial and service industries M&R
  • Chart: Machinery Maintenance & Heavy Equipment Repair Services Industry Products and Services Segmentation

  • Demand Determinants
  • Downstream activity
  • General maintenance and repair demand

  • Major Markets
  • Retail, wholesale, transportation and warehousing
  • Manufacturing sector
  • Energy, mining and utilities
  • Other including households, hospitality and food services
  • Agricultural, forestry and fishing
  • Commercial and professional service sectors
  • Public sector and education
  • Chart: Major Market Segmentation for the Machinery Maintenance & Heavy Equipment Repair Services Industry

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

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Machinery Maintenance & Heavy Equipment Repair Services 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 Maintenance & Heavy Equipment Repair Services 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 Maintenance & Heavy Equipment Repair Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Per capita disposable income (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    M?Ecanique Agricole
  • Agricultural mechanics program with the goal of training individuals to inspect, repair and replace defective parts for agricultural machinery.
  • Me?Canique D'engins De Chantier
  • Mechanical construction equipment program with the goal of training individuals to be capable of performing the work of preventative and corrective mechanics, among other services.
  • Red Seal
  • Certified heavy-duty equipment mechanics have the option of obtaining this seal, which enables them the flexibility to work in any province in Canada.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Machinery Maintenance & Heavy Equipment Repair Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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 Maintenance & Heavy Equipment Repair Services:
    • 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 of 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 Maintenance & Heavy Equipment Repair Services 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 Maintenance & Heavy Equipment Repair Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear