Industrial Machinery Repair/Aftermarket Services Market

By Type;

Repair Services, Ball Screw Repair, Hydraulic Repair, Motion Control Repair, Process Control Repair, Robotic Repair, Servo Valve Repair, Spindle Repair, Vacuum Pump Repair and Wind Turbine Parts Repair and Aftermarket Parts & Accessories Services

By Warranty Type;

In Warranty and Out of Warranty

By Provider;

OEMs and Third-Party

By Industry;

Automotive, Aerospace, Defense & Military, Food & Beverage, Healthcare, Public Transportation & Transit, Semiconductor, Wind Energy, Paper & Pulp and Tire & Rubber

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn447444461 Published Date: October, 2025 Updated Date: November, 2025

Industrial Machinery Repair/ Aftermarket Services Market Overview

Industrial Machinery Repair/ Aftermarket Services Market (USD Million)

Industrial Machinery Repair/ Aftermarket Services Market was valued at USD 257,205.94 million in the year 2024. The size of this market is expected to increase to USD 493,616.51 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 9.8%.


Industrial Machinery Repair/Aftermarket Services Market

*Market size in USD million

CAGR 9.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)9.8 %
Market Size (2024)USD 257,205.94 Million
Market Size (2031)USD 493,616.51 Million
Market ConcentrationMedium
Report Pages318
257,205.94
2024
493,616.51
2031

Major Players

  • ACRA Machinery
  • Astro Machine Works
  • ATS Advanced Technology Services, Inc.
  • Caterpillar
  • Exline, Inc.
  • IndufitMachine Industrial Projects Company
  • Kiefer Tool and Mold, Inc.
  • Les Entreprises HARtech Inc.
  • TAVENGINEERING

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Industrial Machinery Repair/Aftermarket Services Market

Fragmented - Highly competitive market without dominant players


The Industrial Machinery Repair/Aftermarket Services Market is becoming a cornerstone of industrial reliability, ensuring reduced downtime and prolonged machinery life. Nearly 45% of enterprises depend on these services to maintain seamless operations and avoid costly replacements.

Growing Need for Predictive Maintenance
The rising demand for predictive repair solutions is reshaping the sector. Close to 40% of operators have integrated advanced monitoring to mitigate risks of sudden failures, highlighting the emphasis on efficiency and operational optimization.

Innovation Transforming Service Capabilities
Advancements in IoT, AI, and remote diagnostics are enhancing aftermarket services. Around 50% of providers now leverage predictive platforms, enabling quicker repairs and boosting dependability while reducing maintenance costs.

Collaborations and Service Expansion
Strategic moves such as alliances, mergers, and innovation partnerships are shaping the market. Nearly 35% of leading service providers have strengthened networks to deliver customized, scalable offerings across industries.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Warranty Type
    3. Market Snapshot, By Provider
    4. Market Snapshot, By Industry
    5. Market Snapshot, By Region
  4. Industrial Machinery Repair/ Aftermarket Services Market
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Adoption of Predictive Maintenance

        2. Expansion of Industrial Infrastructure

        3. Regulatory Compliance and Safety Standards

        4. Technological Advancements in Repair Techniques

      2. Restraints
        1. Complexity of Integrating New Technologies

        2. Skills Shortage in Specialized Maintenance

        3. Price Sensitivity Among End-Users

        4. Challenges in Data Security and Privacy

      3. Opportunities
        1. Rise in Adoption of Remote Monitoring Solutions

        2. Growth of Renewable Energy Sector

        3. Increasing Focus on Asset Management

        4. Emergence of 3D Printing for Spare Parts

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Industrial Machinery Repair/Aftermarket Services Market, By Type, 2021 - 2031 (USD Million)
      1. Repair Services
      2. Ball Screw Repair
      3. Hydraulic Repair
      4. Motion Control Repair
      5. Process Control Repair
      6. Robotic Repair
      7. Servo Valve Repair
      8. Spindle Repair
      9. Vacuum Pump Repair
      10. Wind Turbine Parts Repair
      11. Aftermarket Parts & Accessories Services
    2. Industrial Machinery Repair/Aftermarket Services Market, By Warranty Type, 2021 - 2031 (USD Million)
      1. In Warranty
      2. Out of Warranty
    3. Industrial Machinery Repair/Aftermarket Services Market, By Provider, 2021 - 2031 (USD Million)
      1. OEMs
      2. Third-Party
    4. Industrial Machinery Repair/Aftermarket Services Market, By Industry, 2021 - 2031 (USD Million)
      1. Automotive
      2. Aerospace
      3. Defense & Military
      4. Food & Beverage
      5. Healthcare
      6. Public Transportation & Transit
      7. Semiconductor
      8. Wind Energy
      9. Paper & Pulp
      10. Tire & Rubber
    5. Industrial Machinery Repair/ Aftermarket Services Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Siemens AG
      2. ABB Ltd.
      3. General Electric Company
      4. Emerson Electric Co.
      5. Schneider Electric SE
      6. Eaton Corporation plc
      7. Honeywell International Inc.
      8. Rockwell Automation, Inc.
      9. Mitsubishi Electric Corporation
      10. Bosch Rexroth AG
      11. Parker Hannifin Corporation
      12. SKF Group
      13. Fluke Corporation (Fortive)
      14. John Crane (Smiths Group plc)
      15. Flowserve Corporation
  7. Analyst Views
  8. Future Outlook of the Market