Press release
Rising Urbanization Is Bolstering The Demand For Construction Equipment Repair And Maintenance Services In The Foreseeable Future
Global Construction Equipment Repair and Maintenance Services Market: IntroductionWith the advent of heavy construction equipment and the approach of construction companies to adopt more mechanized equipment and in turn an organized sector has made it mandatory for maintaining the fleet of equipment to perform to its optimum resulting in the growth of construction equipment repair and maintenance services market. The Construction Equipment Repair and Maintenance Services includes services for earthmoving equipment, excavation equipment, and compactors.
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General-purpose of most of the construction equipment is to excavate but other than that they are also used for many purposes like heavy lifting, demolition, cutting of trees, river dredging etc. The boom in infrastructure, housing construction, and mining are the primary drivers attributing to the demand for construction equipment repair and maintenance services.
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Global Construction Equipment Repair and Maintenance Services Market: Dynamics
Heavy and Light construction equipment repair and maintenance services are expected to maintain the same proportion of the total industry over the forthcoming years. Among heavy construction equipment repair and maintenance services, wheel loaders are foreseen to witness a substantial growth rate. Whereas, among light constriction equipment, mini excavators expected to maintain a sustained growth rate. In Europe, construction equipment repair and maintenance services are expected to grow notably, which was driven by booming demand from the German residential construction sector.
Furthermore, the companies involved in construction equipment repair and maintenance services are reinforcing their services for emerging markets such as Latin America and India. Projects pertaining the road development, infrastructure development, new airports, irrigation, urban infrastructure etc. are the main boosting agents for the construction equipment repair and maintenance services market.
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Global Construction Equipment Repair and Maintenance Services Market: Segments
The global construction equipment repair and maintenance services market can be segmented based on product type, operation, owner type, and region.
Based on product type, the global construction equipment repair and maintenance services market can be segmented as:
Heavy Equipment
Crawler Excavator
Wheel Loader
Dozer
Grader
Compactors
Wheeled Excavator
Light Equipment
Mini Excavator
Tractor Loader Backhoe
Telehandler
Skid-steer Loader
Compact Wheel Loader
Rough Terra Forklifts
Auxiliary Equipment (incl. crusher, cranes etc.)
Based on services, the global construction equipment repair and maintenance services market can be segmented as:
Transmission and Engine Repair
Hydraulic Units Repair
Welding and Fabrication Services
Paint Services
Preventive Maintenance Services
Electronic Services & Installation
Based on owner type, the global construction equipment repair and maintenance services market can be segmented as:
Rental Companies
Construction Companies
Sub-contractors
Private Owners
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Global Construction Equipment Repair and Maintenance Services Market: Key Participants
List of some of the prominent market participants in the global Construction Equipment Repair and Maintenance Services market discerned across the value chain include:
H&E Equipment Services, Inc.
Tri-County Equipment
Gil's Heavy Equipment Repair
Mader Group
AC Equipment
Phillips Heavy Equipment Services, LLC
Whayne Walker CAT
Maruma Technica
Heavy Equipment Maintenance Solutions Ltd
Lavy Enterprises
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