Industrial Maintenance Services Market Report 2026

The industrial maintenance services market size has grown strongly in recent years. It will grow from $57.59 billion in 2025 to $61.16 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth in industrial mechanization, rising need for equipment performance assurance, increasing focus on downtime reduction, early adoption of maintenance planning practices, expansion of manufacturing infrastructure.

The industrial maintenance services market size is expected to see strong growth in the next few years. It will grow to $77.6 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising focus on productivity optimization, increasing industrial technology complexity, growing demand for uninterrupted industrial operations, strengthening reliance on professional servicing ecosystems, expanding emphasis on performance sustainability. Major trends in the forecast period include increasing focus on equipment reliability improvement, growing expansion of preventive maintenance services, rising demand for operational efficiency enhancement, strengthening dependence on professional industrial servicing, increasing adoption of structured maintenance support systems.

The rapid industrialization is expected to propel the growth of the industrial maintenance services market going forward. Industrialization is the process of transforming an economy or society from primarily agrarian and craft-based activities to a more industrial and manufacturing-based structure. Industrialization uses industrial maintenance services to ensure the continuous and efficient operation of machinery and equipment, thereby minimizing downtime, optimizing production processes, and extending the lifespan of assets. For instance, in August 2023, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), industrial production in the euro area and the EU increased by 0.5% and 0.4%, respectively, in June 2023, compared to May 2023. Therefore, rapid industrialization will drive the growth of the industrial maintenance services market.

Major companies operating in the industrial maintenance services market are adopting a strategic partnership approach to develop innovative solutions for industrial maintenance and energy efficiency. A strategic partnership is a collaborative agreement or alliance between two or more entities, such as companies, organizations, or governments, with the aim of achieving mutually beneficial objectives. For instance, in November 2023, OCP Maintenance Solutions, a Morocco-based industrial maintenance company, partnered with Nexans S.A., a France-based automation company. With this partnership, these companies aim to explore and harness cutting-edge technologies in industrial maintenance and energy management, which is expected to result in a range of products and services that will set new standards in terms of reliability, efficiency, and sustainability.

In July 2023, P3 Services, a US-based provider of plumbing services acquired Anchor Plumbing Services for an undisclosed amount. With this acquisition, P3 Services aims to expand its capabilities and geographic reach within the plumbing sector, particularly in high-growth metro service areas. Anchor Plumbing, a US-based company that provides industrial plumbing maintenance services.

Major companies operating in the industrial maintenance services market report are Siemens AG, Honeywell International Inc., ABB Ltd., Mitsubishi Heavy Industries Ltd., Emerson Electric Co., Rockwell Automation Inc., Schneider Electric SE, Johnson Controls International plc, Baker Hughes Company, TechnipFMC plc, Petrofac Limited, Aker Solutions ASA, Wood Group (John Wood Group plc), Worley Limited, Fluor Corporation, Jacobs Engineering Group, KBR Inc., Bilfinger SE, Sulzer AG, Konecranes Plc, Wärtsilä Corporation, Metso Outotec, Yokogawa Electric Corporation, National Oilwell Varco Inc., Oceaneering International Inc.

Asia-Pacific was the largest region in the industrial maintenance services market share in 2025. The regions covered in the industrial maintenance services market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the industrial maintenance services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The industrial maintenance service market includes revenues earned by entities by providing services such as reactive maintenance, preventive maintenance and predictive maintenance. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.