Industrial Services Market 2024-2028
The industrial services market is forecasted to grow by USD 14585.85 mn during 2023-2028, accelerating at a CAGR of 6.06% during the forecast period. The report on the industrial services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by lack of technical expertise, increasing industrial plant complexities, and caters to a wide range of industrial services applications.
Technavio's industrial services market is segmented as below:
By Type
- Engineering and consulting
- Installation and commissioning
- Operational improvement and maintenance
By End-user
- Oil and gas
- Chemicals
- Aerospace
- Automotive
- Food and beverages and others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing focus on predictive maintenance as one of the prime reasons driving the industrial services market growth during the next few years. Also, delegation of ancillary tasks allows of industries to focus on core competencies and increasing business strategies by vendors will lead to sizable demand in the market.
The report on the industrial services market covers the following areas:
- Industrial services market sizing
- Industrial services market forecast
- Industrial services market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial services market vendors that include AB SKF, ABB Ltd., Bilfinger SE, Eaton Corp. Plc, EMCOR Group Inc., Emerson Electric Co., General Electric Co., Honeywell International Inc., Intech Environmental Ltd., John Wood Group PLC, Leadec Holding BV and Co. KG, Metso Outotec Corp., Mitsubishi Heavy Industries Ltd., Rockwell Automation Inc., SAMSON AG, Schneider Electric SE, Siemens AG, USES Group, Worley, and Yokogawa Electric Corp.. Also, the industrial services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.