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Construction Equipment Repair and Maintenance Service Market Trends

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

Construction Equipment Repair and Maintenance Service Market Trends

The procurement of heavy equipment parts is shifting toward digital platforms and online marketplaces, allowing for faster and more efficient sourcing. Additionally, OEMs are focusing on creating long-term partnerships with service providers to ensure a steady supply of high-quality parts. The increasing demand for aftermarket parts, combined with advancements in inventory management systems, is streamlining part procurement and reducing equipment downtime.
 

A key challenge in the construction equipment repair and maintenance sector is limited access to genuine OEM replacement parts, which can delay repairs and increase operational downtime. This is particularly problematic in remote or underdeveloped regions, where supply chains may be less efficient. Additionally, there is a shortage of skilled technicians in these areas, making it difficult to maintain equipment effectively. The lack of trained professionals increases the risk of improper repairs, potentially leading to further damage and higher costs. These issues undermine service quality and disrupt project timelines, affecting overall productivity and profitability.
 

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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