Due to technology integration, heavy machinery maintenance and repair demand will reach US$284 billion by 2032.
Fact.MR, market research and competitive intelligence firm, estimates the worldwide heavy machinery maintenance & repair market at US$ 182.8 billion in 2022 and expects it to grow at 4.5% between 2022 and 2032. Increased government infrastructure expenditure and global urbanisation could boost the industry.
Global urbanisation has driven infrastructural development. Due to macroeconomic reasons, including expanding employment, low-interest rates, and rising disposable income, residential housing demand has increased, which has increased heavy machinery and equipment demand.
Current Issue
01-2026
