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Construction Equipment Repair and Maintenance Service Market Size

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

Construction Equipment Repair and Maintenance Service Market Size

The global construction equipment repair and maintenance service market was valued at 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, which requires more frequent servicing. Technological advancements like IoT, telematics, and predictive maintenance enhance efficiency and reduce downtime. Additionally, rising demand for sustainable practices, cost optimization, and stringent regulations on equipment safety contribute to the growing need for specialized maintenance services across industries.

 

The demand for repair and maintenance services is further fueled by the expansion of construction, mining, and infrastructure projects globally. As these industries grow, the need for efficient equipment management increases. Additionally, the rise of equipment rental services drives the need for regular upkeep to ensure machinery availability and minimize downtime. Increasing labor costs and a focus on asset optimization also push for more specialized services.
 

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.

Construction Equipment Repair and Maintenance Service Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 180
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