Heavy Machinery Repair and Maintenance in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: September 2023
ANZSIC S9429Revenue
$16.9bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
46,996
Businesses
11,243
Wages
$X.Xbn
Heavy Machinery Repair and Maintenance in Australia industry analysis
Despite the pandemic’s negative effects on some parts of the economy, repair and maintenance service providers have performed well in recent years, with strong demand and revenue growth across key markets. Overall, industry revenue is expected to expand at an annualised 0.7% over the five years through 2023-24. This rise is due to higher overall demand from the mining sector, offsetting falls or flat demand from construction and manufacturing markets.
Trends and Insights
- Swelling mining activity has buoyed industry performance in recent years. Heightened overseas demand for commodities has led to a rise in output, lifting the need for repairs and maintenance to mining machinery.
- The Heavy Machinery Repair and Maintenance industry has three major heavy equipment service segments: servicing and maintenance, repairs and upgrades. Many machinery repair and maintenance firms offer all three services to clients.
- Heavy machinery repair and maintenance firms benefit from proximity to key markets. For this reason, states with high mining activity, like Western Australia and Queensland, are heavily represented.
- Repair and maintenance service providers that offer low-price, high-quality services will improve their competitive position. Companies with a broad range of resources and capabilities can afford lower price offerings.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $16.9bn in 2023.
Trends and Insights
Tumbling construction activity is slashing the need for equipment repair and maintenance
- Interest rate hikes are dampening construction activity as the RBA gradually increases the cash rate to combat high inflation.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Climbing private capital expenditure on machinery and equipment will expand the industry’s customer base
- Private capital expenditure on machinery and equipment is forecast to continue growing over the coming years. This trend is projected to boost the amount of heavy machinery in use across Australia.
Biggest companies in the Heavy Machinery Repair and Maintenance in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Seven | 3,491.7 | |
Komatsu Australia | 1,442.9 | |
Hastings Deering Group | 624.0 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Heavy equipment servicing and maintenance, Heavy equipment repair services and Heavy equipment upgrades and overhauls. Heavy equipment servicing and maintenance is the largest segment of the Heavy Machinery Repair and Maintenance in Australia.
Trends and Insights
Heavy equipment servicing and maintenance activity has suffered under tumbling business confidence
- The heavy equipment servicing and maintenance segment includes services that ensure customers' heavy machinery can be operated reliably. These services generally function as preventative measures.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Power Automation Products and Other Electrical Equipment Manufacturing in Australia
Complementors
- Shipbuilding and Repair Services in Australia
- Boatbuilding and Repair Services in Australia
- Railway Equipment Manufacturing and Repair in Australia
- Aircraft Manufacturing and Repair Services in Australia
- Motor Vehicle Body, Paint and Interior Repair in Australia
- Motor Vehicle Engine and Parts Repair and Maintenance in Australia
International industries
- Machinery Maintenance & Heavy Equipment Repair Services in the US
- Machinery Maintenance & Heavy Equipment Repair Services in Canada
- Heavy Machinery Repair and Maintenance in New Zealand
- Machinery Repair & Maintenance in the UK
- Machinery Repair & Maintenance in Germany
Table of Contents
About this industry
Industry definition
Businesses in the industry repair, service and maintain a range of heavy machinery and equipment across many client markets. These items include pumps and compressors, agricultural machinery and equipment, mining and construction machinery, machine tools, engines (except automotive), lifting and material handling equipment, and other heavy machinery and equipment.
What's included in this industry?
Heavy equipment servicing and maintenanceHeavy equipment repair servicesHeavy equipment upgrades and overhaulsCompanies
SevenKomatsu AustraliaHastings Deering GroupPurchase this report to view all 5 major companies in this industry.
Related Terms
INFRAREDFATIGUEFERROALLOYIndustry Code
ANZSIC 9429 - Heavy Machinery Repair and Maintenance in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Swelling mining activity has buoyed industry performance in recent years. Heightened overseas demand for commodities has led to a rise in output, lifting the need for repairs...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The Heavy Machinery Repair and Maintenance industry has three major heavy equipment service segments: servicing and maintenance, repairs and upgrades. Many machinery repair a...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Heavy machinery repair and maintenance firms benefit from proximity to key markets. For this reason, states with high mining activity, like Western Australia and Queensland, ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Repair and maintenance service providers that offer low-price, high-quality services will improve their competitive position. Companies with a broad range of resources and ca...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Acquisitions assist in improving industry firms’ market share. These acquisitions help contractors to enter into new key markets.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Seven's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Komatsu Australia's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Hastings Deering Group's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Seven, and factors influencing its performance in the industry
- Description and key data for Komatsu Australia, and factors influencing its performance in the industry
- Description and key data for Hastings Deering Group, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Repair and maintenance service providers are liable for their employees’ safety and wellbeing. Failure to adhere to the workplace safety act may make a service provider liabl...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profit margins have climbed in recent years. Falling purchase costs, because of drops in key input prices and a strengthening Australian dollar, have alleviated prof...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Heavy Machinery Repair and Maintenance industry in Australia in 2024?
The market size of the Heavy Machinery Repair and Maintenance industry in Australia is $16.9bn in 2024.
How many businesses are there in the Heavy Machinery Repair and Maintenance in Australia industry in 2023?
There are 11,243 businesses in the Heavy Machinery Repair and Maintenance industry in Australia, which has grown at a CAGR of 3.2 % between 2018 and 2023.
Has the Heavy Machinery Repair and Maintenance industry in Australia grown or declined over the past 5 years?
The market size of the Heavy Machinery Repair and Maintenance industry in Australia has been growing at a CAGR of 0.7 % between 2018 and 2023.
What is the forecast growth of the Heavy Machinery Repair and Maintenance industry in Australia over the next 5 years?
Over the next five years, the Heavy Machinery Repair and Maintenance industry in Australia is expected to decline.
What are the biggest companies in the Heavy Machinery Repair and Maintenance market in Australia?
The biggest companies operating in the Heavy Machinery Repair and Maintenance market in Australia are Seven, Komatsu Australia and Hastings Deering Group
What does the Heavy Machinery Repair and Maintenance in Australia include?
Heavy equipment servicing and maintenance and Heavy equipment repair services are part of the Heavy Machinery Repair and Maintenance industry.
Which companies have the highest market share in the Heavy Machinery Repair and Maintenance in Australia?
The company holding the most market share in Australia is Seven.
How competitive is the Heavy Machinery Repair and Maintenance industry in Australia?
The level of competition is moderate and steady in the Heavy Machinery Repair and Maintenance industry in Australia.
