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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.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
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 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry include:- Increased automation and use of robotics
- Growing emphasis on sustainable and green technologies
- Rising demand for predictive and preventative maintenance
- Integration of IoT and remote monitoring technologies
- Shift towards more sophisticated and specialized equipment
- Expansion of service offerings to include full lifecycle management
- Growing importance of cybersecurity in maintenance operations
- Increasing complexity of machinery requiring advanced skill sets
- Adherence to stricter environmental and safety regulations
- Impact of economic fluctuations on maintenance budgets
- Adoption of advanced data analytics and machine learning
- Expansion into emerging markets
- Increased reliance on outsourcing and service contracts
- Challenges in supply chain and availability of spare parts
- Rise of mobile and on-site repair services
Product & Services Breakdown
Research 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.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Maintenance And Repair - Agricultural, Construction, Mining, And Forestry Machinery And Equipment |
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Maintenance And Repair - Agricultural Machinery And Equipment |
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Maintenance And Repair - Construction Machinery And Equipment |
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Maintenance And Repair - Mining Machinery And Equipment |
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Maintenance And Repair - Forestry Machinery And Equipment |
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Maintenance And Repair - Commercial And Service Industry Machinery And Equipment |
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Maintenance And Repair - Industrial Machinery And Equipment |
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Maintenance And Repair - General Purpose Machinery And Equipment |
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Maintenance And Repair - Commercial Refrigeration Equipment |
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Maintenance And Repair - Other General Purpose Machinery And Equipment |
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Maintenance And Repair - Other Business Machinery And Equipment |
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All Other Maintenance And Repair Services |
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Maintenance And Repair - Manufacturing And Metalworking Machinery And Equipment |
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Rental Or Lease Of Goods And/Or Equipment |
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Resale Of Merchandise |
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Resale Of Parts And Supplies Not Included In Repair Work |
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Resale Of New Equipment |
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Resale Of Used Equipment |
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Resale Of Other Merchandise |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market 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.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial 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 | Industry Average |
|---|---|
| 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. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| 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. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation 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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| Sales and Related Occupations | 6% | |||
| Office and Administrative Support Occupations | 12% | |||
| Installation, Maintenance, and Repair Occupations | 45% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 8% | |||
| Heavy Vehicle and Mobile Equipment Service Technicians and Mechanics | 5% | |||
| Other Installation, Maintenance, and Repair Occupations | 31% | |||
| Industrial Machinery Installation, Repair, and Maintenance Workers | 21% | |||
| Industrial Machinery Mechanics | 20% | |||
| Production Occupations | 14% | |||
| Metal Workers and Plastic Workers | 11% | |||
| Welding, Soldering, and Brazing Workers | 7% | |||
| Welders, Cutters, Solderers, and Brazers | 7% | |||
| Transportation and Material Moving Occupations | 6% | |||
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:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry. |
Source:
Innovation News
- Jun 06, 2024: Moser Engine Service patents Controller For A Portable Microgrid System And Methods Of Use
- Jun 06, 2024: Atlas Machine & Supply patents System For Securing Objects Having Different Coefficients Of Thermal Expansion
- May 16, 2024: Ocean Motion Technologies patents Adaptive Wave Energy Converter
- Jan 04, 2024: Tradewinds Power trademarks "" - centrifugal pumps, suction pumps, diesel engines for machines, diesel generators and turbine or submersible pumps, bypass pumps
- Dec 22, 2023: Omc2 trademarks "BANTAM TOOLS ARTFRAME" - Digital plotters; Document printers; Electronic plotters
- Dec 22, 2023: Omc2 trademarks "BANTAM TOOLS NEXTDRAW" - Digital plotters; Document printers; Electronic plotters
- Nov 09, 2021: Building Machines raises $7 million in funding.
- Jul 14, 2021: Building Machines raises $2 million in funding.
Recent Federal Contracts for Commercial and Industrial Machinery and Equipment Repair and Maintenance
- Apr 02, 2024: NALCO COMPANY LLC (Naperville, IL) awarded $44,992
- Apr 02, 2024: ABM ELECTRICAL POWER SOLUTIONS, LLC (Lanham, MD) awarded $47,862
- Apr 02, 2024: LOTUS USA INC (Los Angeles, CA) awarded $45,945
- Apr 02, 2024: SAN ANGELO CROSS TEXAS SUPPLY LLC (San Angelo, TX) awarded $13,704
- Apr 02, 2024: SCHINDLER ELEVATOR CORPORATION (Morristown, NJ) awarded $90,990
- Apr 02, 2024: SANFORD FEDERAL, INC. (Stafford, VA) awarded $15,100
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