Industrial Machinery Repair Industry Overview
Companies make major investments in industrial machinery and equipment, and replacing such items can at times be prohibitively expensive. Industrial machinery repair and maintenance services can therefore be critical to keeping equipment functional and minimizing costs. While industrial and machine maintenance services may mean additional costs in the short term (if they’re not covered by the original vendor), they can spare companies from larger unplanned costs in the future, extending equipment lifespans and making future maintenance and replacement expenses more predictable.
The global market for industrial machinery and equipment repair and maintenance is large and will continue to grow over the next few years. The Business Research Company predicts that the market will reach $508.73 billion in value by 2022, climbing at a CAGR of over 14%. APAC accounts for the largest share of this market, due to factors such as growing urbanization and the need for infrastructure. The high number of construction projects necessitates large amounts of industrial equipment and machinery, in turn generating demand for maintenance and repair services. China and India together make up 50% of demand in the region.
Industrial Machinery Repair Services Companies 2020
There are many different types and sizes of companies offering industrial machinery repair services. Many industrial equipment manufacturers offer maintenance and repair services for their own products, but there are also companies dedicated partially or entirely to providing equipment and machine maintenance and repair services for other manufacturers’ products. Here are some of the top industrial maintenance and repair companies in 2020.
2020 Machinery Repair Industry Leaders
|Advanced Technology Services|
|Astro Machine Works|
|Deere & Company|
|PSI Repair Services|
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Advanced Technology Services (ATS) provides industrial maintenance and MRO services, including asset management and equipment maintenance solutions. The company helps customers optimize factory maintenance and measure production results. Founded in 1895, ATS is headquartered in Peoria with locations across the US and around the world. It serves the aerospace, automotive, building products, heavy equipment, consumer packaged goods, paper and pulp, power distribution, and tire and rubber sectors, working with global brands and mid-sized businesses to provide maintenance and MRO solutions.
Founded in 1984 in Ephrata, US, Astro Machine Works offers machine repair services, custom machine building, precision parts machining, and component reverse engineering to customers around the world. The company serves industries such as medicine and pharmaceuticals, energy, food processing, aerospace, electronics and semiconductors, telecommunications, and packaging. Its offerings include everything from updating components to tearing down and rebuilding machinery, both on-site and at its own facilities.
One of the world’s largest manufacturers of construction and mining equipment, Caterpillar is based in Deerfield, US and sells its products around the world through its family of 21 brands. The company serves the construction, resource, energy, and transportation industries, providing equipment, engines, turbines, locomotives, and more. It also offers services and solutions for its products, including maintenance and repair services. Caterpillar has been in business since 1925, and earned $53.8 billion in revenue in 2019.
CNH Industrial is a global capital goods company that designs, produces, and sells equipment for the agricultural, construction, and transportation industries. Based in in Amsterdam, Netherlands and Basildon, England, CNH operates 67 manufacturing plants and 56 R&D centers in 180 countries around the world. It offers products such as tractors and agricultural machinery, earthmoving equipment, commercial vehicles, buses and coaches, construction vehicles, firefighting and defense vehicles, and engines and transmissions. The company also provides a range of genuine parts, remanufactured parts, accessories, and telematics solutions for repair and maintenance.
John Deere has been operating since 1837, providing a range of equipment for agriculture, construction, forestry, and much more to customers in the US and around the world. Headquartered in Moline in the US, the company has factories, offices, and other facilities in over 30 countries. Its machinery and equipment products come with build-in sensors and software to monitor status and flag potential issues and maintenance requirements. The company and its dealerships also offer maintenance and repair services for John Deere products.
Exline is an industrial repair and manufacturing services business that has been in operation since 1872. The company repairs and services machinery for numerous industries and applications, including gas compression, power generation, industrial manufacturing, and plastics and rubber compacting. Headquartered in Salina, US, Exline’s machinists, mechanics, and technicians provide industrial machinery repair services both on-site and at their own facilities.
Based in London, England, Indufit Machine provides industrial services to clients across Europe and around the world, offering assembly and disassembly of industrial machinery, maintenance and breakdown services, retrofitting, machinery transportation and relocation, and more. The company works with machinery and equipment such as production lines, textile machinery, CNC machines, food and agriculture machines, and many others.
Based in the US and with locations throughout North America and Chile, L&H Industrial provides custom manufacturing along with heavy industrial machinery repair services for equipment used in mining, oil and gas, transportation, and other sectors. The company repairs, rebuilds, and manufactures heavy equipment and components for its clients, including rebuilds and retrofits for current and legacy machinery.
Founded in 1897 in Germany, Linde is a multinational industrial gasses and engineering company with $28 billion in revenue in 2019. Previously Linde AG, the company merged with Praxair in 2018 to become Linde plc. Linde operates in several markets, including chemicals, food and beverage, electronics, healthcare, manufacturing, and metals. The company offers plant components along with manufacturing and repair services to support its products throughout their lifecycles.
Founded in 1967 and based in Livonia, US, PSI Repair Services is a subsidiary of Pillips Service Industries and offers repair and engineering services for electronics, hydraulics, robotics, and precision mechanical assemblies. The company also provides surplus parts, upgrades, and remanufacturing services. It serves a range of industries, including automotive, aerospace and defense, food and beverage, healthcare, transportation, semiconductor, and wind energy.
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