Market Overview:
The global heavy equipment maintenance market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for heavy equipment in various applications such as agricultural, building, and manufacturing sectors. In addition, the increasing demand for preventive maintenance services is also contributing to the growth of this market. The gearbox and engine maintenance segment is expected to hold a major share of the global heavy equipment maintenance market during the forecast period. This can be attributed to factors such as increase in average age of vehicles and growing awareness about preventive maintenance among end-users.
Product Definition:
Heavy equipment maintenance is the process of keeping heavy equipment in proper working condition through the use of inspections, repairs, and replacements. The importance of heavy equipment maintenance cannot be overstated as it keeps these machines running safely and efficiently, which allows them to be used for a variety of purposes.
Gearbox and Engine Maintenance:
Gearbox and engine maintenance is a service that ensures the smooth running of the machine. It includes various activities such as lubrication, cleaning, and inspection. The Gearbox Maintenance segment has witnessed significant growth in recent years owing to an increase in gearboxes' usage across various industries including construction equipment, mining & excavation equipment, agricultural machinery among others. This trend is expected to continue over the forecast period due to rising demand for improved efficiency from customers coupled with stringent regulations regarding emission control norms.
Hydraulic Unit Maintenance:
HUM is the practice of regularly scheduled maintenance and periodic inspection of hydraulic units in heavy equipment. It helps to ensure that these systems are operating efficiently, safely, and within design parameters. Hydraulic unit maintenance includes visual examination as well as testing and analysis of fluid levels, temperatures & pressures, filter condition etc., in a bid to prevent component failure or degradation.
Application Insights:
The agricultural application segment accounted for the largest revenue share of over 40% in 2017. The demand for heavy equipment is expected to witness growth owing to the rising adoption of these products in agricultural activities across various regions including North America, Europe, Asia Pacific and Middle East & Africa.
Agricultural applications include tillage operations such as plowing and seeding that require a combination of heavy-duty engines, hydraulic units along with other components such as tires, blades and electronics. The global agriculture industry has witnessed significant growth over the past few years on account of increasing demand for food crops coupled with a rise in population globally. This trend is expected to drive the market over the forecast period thereby contributing towards revenue growth during 2018 - 2030 ¢â‚¬â€œ 28%.
Regional Analysis:
Asia Pacific dominated the global heavy equipment maintenance market in 2016 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Vietnam. Growing industrialization coupled with increasing investments in construction activities are projected to drive demand for heavy machinery across Asia Pacific over the forecast period.
The North America market was valued at USD X billion in 2016 owing to growing demand from end-users of heavy equipment as well as OEMs manufacturing such products. In addition, rising need for preventive maintenance services due to aging of components is anticipated to propel growth across this region during the same period.
Growth Factors:
- Increasing demand for heavy equipment in construction and infrastructure sectors
- Rising awareness about the importance of timely maintenance of heavy equipment among end-users
- Proliferation of rental services for heavy equipment
- Growing popularity of preventive maintenance contracts among customers
- Technological advancements that improve the efficiency and performance of heavy equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Heavy Equipment Maintenance Market Research Report
By Type
Gearbox and Engine Maintenance, Hydraulic Unit Maintenance, Welding and Manufacturing Services, Paint Service, Preventive Maintenance Service, Electronic Service and Installation
By Application
Agricultural, Building, Manufacturing, Other
By Companies
Mader Group, Walker Machinery, H&E Equipment Services, Tri-County Equipment, Gil’s Heavy Equipment Repair, Heavy Equipment Repair, AC Equipment, Phillips Heavy Equipment Services, Maruma Technica, HEMS Ltd, Lavy Enterprises
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Heavy Equipment Maintenance Market Report Segments:
The global Heavy Equipment Maintenance market is segmented on the basis of:
Types
Gearbox and Engine Maintenance, Hydraulic Unit Maintenance, Welding and Manufacturing Services, Paint Service, Preventive Maintenance Service, Electronic Service and Installation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Agricultural, Building, Manufacturing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mader Group
- Walker Machinery
- H&E Equipment Services
- Tri-County Equipment
- Gil’s Heavy Equipment Repair
- Heavy Equipment Repair
- AC Equipment
- Phillips Heavy Equipment Services
- Maruma Technica
- HEMS Ltd
- Lavy Enterprises
Highlights of The Heavy Equipment Maintenance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Gearbox and Engine Maintenance
- Hydraulic Unit Maintenance
- Welding and Manufacturing Services
- Paint Service
- Preventive Maintenance Service
- Electronic Service and Installation
- By Application:
- Agricultural
- Building
- Manufacturing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heavy Equipment Maintenance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Heavy equipment maintenance is the process of keeping heavy equipment in good working order. This includes everything from checking and replacing worn parts to ensuring that the machines are running smoothly.
Some of the major players in the heavy equipment maintenance market are Mader Group, Walker Machinery, H&E Equipment Services, Tri-County Equipment, Gil’s Heavy Equipment Repair, Heavy Equipment Repair, AC Equipment, Phillips Heavy Equipment Services, Maruma Technica, HEMS Ltd, Lavy Enterprises.
The heavy equipment maintenance market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Heavy Equipment Maintenance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Heavy Equipment Maintenance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Heavy Equipment Maintenance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Heavy Equipment Maintenance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Heavy Equipment Maintenance Market Size & Forecast, 2018-2028
4.5.1 Heavy Equipment Maintenance Market Size and Y-o-Y Growth
4.5.2 Heavy Equipment Maintenance Market Absolute $ Opportunity
Chapter 5 Global Heavy Equipment Maintenance Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Heavy Equipment Maintenance Market Size Forecast by Type
5.2.1 Gearbox and Engine Maintenance
5.2.2 Hydraulic Unit Maintenance
5.2.3 Welding and Manufacturing Services
5.2.4 Paint Service
5.2.5 Preventive Maintenance Service
5.2.6 Electronic Service and Installation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Heavy Equipment Maintenance Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Heavy Equipment Maintenance Market Size Forecast by Applications
6.2.1 Agricultural
6.2.2 Building
6.2.3 Manufacturing
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Heavy Equipment Maintenance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Heavy Equipment Maintenance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Heavy Equipment Maintenance Analysis and Forecast
9.1 Introduction
9.2 North America Heavy Equipment Maintenance Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Heavy Equipment Maintenance Market Size Forecast by Type
9.6.1 Gearbox and Engine Maintenance
9.6.2 Hydraulic Unit Maintenance
9.6.3 Welding and Manufacturing Services
9.6.4 Paint Service
9.6.5 Preventive Maintenance Service
9.6.6 Electronic Service and Installation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Heavy Equipment Maintenance Market Size Forecast by Applications
9.10.1 Agricultural
9.10.2 Building
9.10.3 Manufacturing
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Heavy Equipment Maintenance Analysis and Forecast
10.1 Introduction
10.2 Europe Heavy Equipment Maintenance Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Heavy Equipment Maintenance Market Size Forecast by Type
10.6.1 Gearbox and Engine Maintenance
10.6.2 Hydraulic Unit Maintenance
10.6.3 Welding and Manufacturing Services
10.6.4 Paint Service
10.6.5 Preventive Maintenance Service
10.6.6 Electronic Service and Installation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Heavy Equipment Maintenance Market Size Forecast by Applications
10.10.1 Agricultural
10.10.2 Building
10.10.3 Manufacturing
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Heavy Equipment Maintenance Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Heavy Equipment Maintenance Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Heavy Equipment Maintenance Market Size Forecast by Type
11.6.1 Gearbox and Engine Maintenance
11.6.2 Hydraulic Unit Maintenance
11.6.3 Welding and Manufacturing Services
11.6.4 Paint Service
11.6.5 Preventive Maintenance Service
11.6.6 Electronic Service and Installation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Heavy Equipment Maintenance Market Size Forecast by Applications
11.10.1 Agricultural
11.10.2 Building
11.10.3 Manufacturing
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Heavy Equipment Maintenance Analysis and Forecast
12.1 Introduction
12.2 Latin America Heavy Equipment Maintenance Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Heavy Equipment Maintenance Market Size Forecast by Type
12.6.1 Gearbox and Engine Maintenance
12.6.2 Hydraulic Unit Maintenance
12.6.3 Welding and Manufacturing Services
12.6.4 Paint Service
12.6.5 Preventive Maintenance Service
12.6.6 Electronic Service and Installation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Heavy Equipment Maintenance Market Size Forecast by Applications
12.10.1 Agricultural
12.10.2 Building
12.10.3 Manufacturing
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Heavy Equipment Maintenance Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Heavy Equipment Maintenance Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Heavy Equipment Maintenance Market Size Forecast by Type
13.6.1 Gearbox and Engine Maintenance
13.6.2 Hydraulic Unit Maintenance
13.6.3 Welding and Manufacturing Services
13.6.4 Paint Service
13.6.5 Preventive Maintenance Service
13.6.6 Electronic Service and Installation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Heavy Equipment Maintenance Market Size Forecast by Applications
13.10.1 Agricultural
13.10.2 Building
13.10.3 Manufacturing
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Heavy Equipment Maintenance Market: Competitive Dashboard
14.2 Global Heavy Equipment Maintenance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mader Group
14.3.2 Walker Machinery
14.3.3 H&E Equipment Services
14.3.4 Tri-County Equipment
14.3.5 Gil’s Heavy Equipment Repair
14.3.6 Heavy Equipment Repair
14.3.7 AC Equipment
14.3.8 Phillips Heavy Equipment Services
14.3.9 Maruma Technica
14.3.10 HEMS Ltd
14.3.11 Lavy Enterprises
