Slow moving: Industry firms attempt to maintain revenue growth as demand volatility continues

The Heavy Machinery Repair and Maintenance industry provides services to a range of clients to ensure their plant and equipment operates efficiently. The industry's performance has been mixed over the past five years, with declines and weak growth in some key downstream markets constraining the industry's growth. Industry revenue is expected to increase by an annualised 0.8% over the five years through 2018-19, due to higher demand overall and particularly from the agricultural and transport sectors.Despite private capital expenditure on machinery and equipment rising over the past five years, the industry's markets still require regular repair and maintenance services...read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 14-19
0.8%
Forecast Growth 19-24
Profit
Employment
38,580
Businesses
8,652

Industry Threats & Opportunities

  • Demand growth from the agricultural and transport sectors has contributed to higher revenue
  • Reduced private capital expenditure on machinery has limited industry growth
  • Internal competition will constrain profitability as enterprise numbers steadily rise
  • Industry Report - Industry Locations Chapter

    Industry firms are mainly located in population centres and regions that use extensive heavy equipment, such as construction sites, farms and mines. As such, New South Wales, Queensland and Victoria have many heavy machinery repair and maintenance enterprises due to the extensive construction and manufacturing activity that takes place in these states, as well as some mining. The relative dominance of these three states reflects the large shares of industrial activity and population in these areas. Together, New South Wales, Queensland and Victoria are projected to account for over three-quarters of industry enterprises and revenue in the current year...purchase to read more.

    Additional Insights for the Heavy Machinery Repair and Maintenance Industry

    IBISWorld has determined the most important Key Success Factors for the Heavy Machinery Repair and Maintenance are:

  • Access to highly skilled workforce
  • Output is sold under contract - incorporate long-term sales contracts
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Demand from construction and Demand from mining in the Heavy Machinery Repair and Maintenance industry impact industry performance..

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    What's in this report

    What is the Heavy Machinery Repair and Maintenance Industry?

    Businesses in the industry repair, service and maintain a range of heavy machinery and equipment across many client markets. These items include pumps and compressors, agricultural machinery and equipment, mining and construction machinery, machine tools, engines (except automotive), lifting and material handling equipment, and other heavy machinery and equipment.

    Industry Products
  • Heavy equipment servicing and maintenance
  • Heavy equipment repair services
  • Heavy equipment upgrades and overhauls
  • Industry Activities
  • Agricultural, forestry, farm and construction machinery and equipment repair and maintenance
  • Blade sharpening, brush-cutter and lawn mower repair and maintenance services
  • Electric motor repair and maintenance (except factory based)
  • Electricity generation and transmission equipment repair and maintenance
  • Engine repair and welding repair services (except automotive)
  • Industrial food machinery, refrigeration, stove, oven, washing machine and dryer repair and maintenance
  • Machine tool, outboard motor, pump and compressor repair and maintenance
  • Materials handling equipment repair and maintenance
  • Mining machinery and foundry repair and maintenance
  • Textile, foundry, paper making, hydraulic equipment, and heavy machinery repair and maintenance
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from construction
  • Demand from mining
  • Demand from agriculture, forestry and fishing
  • Private capital expenditure on machinery and equipment
  • Business confidence index
  • Domestic price of iron and steel

  • Current Performance
  • Revenue and profit growth
  • Capital expenditure and prices
  • Mining, construction and manufacturing
  • Chart: Revenue Growth

  • Industry Outlook
  • Machinery expenditure
  • Mining and construction
  • Table: Heavy Machinery Repair and Maintenance Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry and Fishing
  • Mining
  • Manufacturing
  • Construction

  • Key Selling Industries
  • Iron and Steel Casting and Forging
  • Non-Ferrous Metal Casting
  • Nut, Bolt, Screw and Rivet Manufacturing
  • Spring and Wire Product Manufacturing

  • Products & Services
  • Heavy equipment servicing and maintenance
  • Heavy equipment repair services
  • Heavy equipment upgrades and overhauls
  • Chart: Heavy Machinery Repair and Maintenance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Mining machinery users
  • Construction machinery users
  • Other markets
  • Industrial machinery users
  • Transport sector
  • Machine tool users
  • Agricultural machinery users
  • Chart: Major Market Segmentation for the Heavy Machinery Repair and Maintenance Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Heavy Machinery Repair and Maintenance Industry

  • Industry Globalization
    Seven Group Holdings Limited, Komatsu Marketing Support Australia Pty Ltd,
  • Table: Seven Group Holdings Limited - financial performance
  • Table: Komatsu Marketing Support Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Heavy Machinery Repair and 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 Heavy Machinery Repair and 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
    Fatigue
  • The gradual and irreversible damage to materials under cyclic load.
  • Ferroalloy
  • Various alloys of iron with a high proportion of one or more other elements (such as manganese or silicon). It is used as a raw material in the production of steels and alloys.
  • Infrared
  • Electromagnetic radiation with wavelengths that are longer than visible light.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Heavy Machinery Repair and Maintenance 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 Heavy Machinery Repair and 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 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 Heavy Machinery Repair and 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 Heavy Machinery Repair and Maintenance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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