|Current State of the Industry
|Market Size (industry trends)
|Market Forecast (5-year projection)
|Revenue per State
|Salary & Compensation Statistics
|Public Company Information
|Key Private Companies
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2024 U.S. Industry Statistics & Market Forecast - Commercial and Industrial Machinery and Equipment Repair and Maintenance
Market Size & Industry Statistics
The total U.S. industry market size for Commercial and Industrial Machinery and Equipment Repair and Maintenance:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
|2019 2020 2021 2022 2023
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|Average Revenue Per Firm
|Average Employees Per Firm
|Average Revenue Per Employee
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook
|Market Forecast ($ millions)
|Projected Industry Growth Rate (%)
Industry InsightsThe Commercial & Industrial Machinery & Equipment Repair & Maintenance industry is an essential sector that provides repair and maintenance services to a wide range of equipment and machinery used in commercial and industrial settings. Several trends are currently affecting the industry.
One of the most prominent trends is the increasing demand for predictive maintenance. Many companies are investing in predictive maintenance systems to reduce equipment downtime and improve productivity. This approach involves utilizing sensors and data analytics to detect potential equipment failures before they occur and scheduling maintenance activities. Another trend is the adoption of new technology, such as Internet of Things (IoT) devices, to collect data on equipment performance, analyze it, and optimize maintenance processes.
The industry is also experiencing a shift towards more specialized services. Many companies are focusing on specific types of equipment, such as heavy-duty machinery used in construction or transportation vehicles. Additionally, there is a growing demand for environmental sustainability in equipment repair and maintenance activities, including the use of eco-friendly products and processes.
The shortage of skilled workers is another critical trend affecting the industry. As the demand for repair and maintenance services grows, there is a need for more qualified technicians. In response, some companies are investing in training programs to provide their employees with the necessary skills and expertise. Finally, outsourcing is becoming increasingly prevalent as companies seek to reduce costs and improve efficiency by partnering with specialized service providers.
Overall, it is clear that these trends will continue to shape the Commercial & Industrial Machinery & Equipment Repair & Maintenance industry in the coming years. Companies that are prepared to embrace these changes and adapt their operations accordingly should be well-positioned for success.
Product & Services BreakdownResearch products and services in the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry generating sales. Note that products are broken into categories with different levels of classification.
|Number of Companies
|Sales ($ millions)
|Percent of Total Sales
Maintenance And Repair - Agricultural, Construction, Mining, And Forestry Machinery And Equipment
Maintenance And Repair - Agricultural Machinery And Equipment
Maintenance And Repair - Construction Machinery And Equipment
Maintenance And Repair - Mining Machinery And Equipment
Maintenance And Repair - Forestry Machinery And Equipment
Maintenance And Repair - Commercial And Service Industry Machinery And Equipment
Maintenance And Repair - Industrial Machinery And Equipment
Maintenance And Repair - General Purpose Machinery And Equipment
Maintenance And Repair - Commercial Refrigeration Equipment
Maintenance And Repair - Other General Purpose Machinery And Equipment
Maintenance And Repair - Other Business Machinery And Equipment
All Other Maintenance And Repair Services
Maintenance And Repair - Manufacturing And Metalworking Machinery And Equipment
Rental Or Lease Of Goods And/Or Equipment
Resale Of Merchandise
Resale Of Parts And Supplies Not Included In Repair Work
Resale Of New Equipment
Resale Of Used Equipment
Resale Of Other Merchandise
All Other Receipts
All Other Operating Receipts
U.S. Geographic Distribution: Revenue Statistics by StateMarket Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.
|Percent of Sales
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|Cost of Goods Sold
|Pension, profit sharing plans, stock, annuity
|Rent paid on business property
|Domestic production activities deduction
|Compensation of officers
|Salaries and wages
|Employee benefit programs
|Taxes and Licenses
|Other Operating Expenses
|Total Operating Expenses
|EBIT (Earnings Before Interest and Taxes)
|Earnings Before Taxes
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Commercial and Industrial Machinery and Equipment Repair and Maintenance company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios
|Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry is performing.
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
|Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
|Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Commercial and Industrial Machinery and Equipment Repair and Maintenance measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Measures a firm's ability to pay its debts over the next 12 months.
|Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.
|Efficiency Ratios - Key Performance Indicators
|Measure how quickly products and services sell, and effectively collections policies are implemented.
|Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.
Compensation & Salary Surveys for EmployeesCompensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.
|Percent of Workforce
|Average (Median) Salary
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|General and Operations Managers
|Sales and Related Occupations
|Office and Administrative Support Occupations
|Installation, Maintenance, and Repair Occupations
|Vehicle and Mobile Equipment Mechanics, Installers, and Repairers
|Heavy Vehicle and Mobile Equipment Service Technicians and Mechanics
|Other Installation, Maintenance, and Repair Occupations
|Industrial Machinery Installation, Repair, and Maintenance Workers
|Industrial Machinery Mechanics
|Metal Workers and Plastic Workers
|Welding, Soldering, and Brazing Workers
|Welders, Cutters, Solderers, and Brazers
|Transportation and Material Moving Occupations
Commercial and Industrial Machinery and Equipment Repair and Maintenance Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry and adjacent sectors:
Companies with the largest market share, focused in this industry
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry.
Government ContractsIn 2022, the federal government spent a total of $1,670,503,188 on Commercial and Industrial Machinery and Equipment Repair and Maintenance. It has awarded 5484 contracts to 2387 companies, with an average value of $699,834 per company.
|Most Recent Contracts
|Total Award Amount