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Construction Equipment Repair and Maintenance Service Market Share

Report ID: GMI12511
Published Date: Dec 2024
Report Format: PDF

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Construction Equipment Repair and Maintenance Service Market Share

Construction Equipment Repair and Maintenance Service Company Market Share, 2024

Caterpillar, Komatsu, and Volvo collectively held a substantial revenue share of 20% in the construction equipment repair and maintenance service industry in 2024. Caterpillar, Komatsu, and Volvo Construction Equipment dominate the repair and maintenance service sector with their expansive global service networks. Caterpillar leads with its advanced telematics and predictive maintenance solutions, enhancing uptime. Komatsu focuses on offering comprehensive after-sales services and remote monitoring technologies, while Volvo emphasizes sustainability and efficient repair practices, all catering to a wide range of industries globally.

Caterpillar leverages its large dealer network and cutting-edge technologies for repair and maintenance services, ensuring reliability. Komatsu provides integrated telematics and remote diagnostics to enhance equipment efficiency. Volvo Construction Equipment focuses on delivering specialized maintenance and service packages to meet customer needs, with an emphasis on reducing environmental impact, contributing to its competitive edge in the market.

Construction Equipment Repair and Maintenance Service Market Companies

Major players operating in the construction equipment repair and maintenance service industry are:

Caterpillar
Finning
Hitachi Construction Machinery
JCB
Komatsu
Manitowoc
Sany Heavy Industry
Terex
United Rentals
Volvo Construction Equipment

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The global market for construction equipment repair and maintenance service was reached USD 34.6 billion in 2024 and is projected to grow at a CAGR of 4.3% between 2025 and 2034, driven by the increasing age of construction equipment requiring more frequent servicing.

The repair segment accounted for over 43% of the market share in 2024 and is expected to exceed USD 21.9 billion by 2034, as advanced diagnostics and mobile solutions enable quicker, more efficient fixes.

The heavy equipment provider segment held a 65% share of the construction equipment repair and maintenance service market in 2024, led by the incorporation of predictive analytics and IoT technologies to minimize downtime and reduce repair costs.

The Asia Pacific region accounted for a market share of 37% in 2024 and is expected to exceed USD 20.3 billion by 2034, propelled by the rapid expansion of construction and infrastructure projects in China and the adoption of IoT and telematics for equipment health monitoring.

Major players in the industry include Caterpillar, Finning, Hitachi Construction Machinery, JCB, Komatsu, Manitowoc, Sany Heavy Industry, Terex, United Rentals, and Volvo Construction Equipment.