Maintenance Services Market Report 2026

The maintenance services market size has grown rapidly in recent years. It will grow from $82.03 billion in 2025 to $90.32 billion in 2026 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to rising industrial equipment deployment, increasing need for reliable machinery performance, early adoption of preventive maintenance models, expansion of industrial operational networks, initial emphasis on equipment uptime assurance.

The maintenance services market size is expected to see rapid growth in the next few years. It will grow to $134.63 billion in 2030 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to growing demand for productivity optimization, increasing reliance on advanced maintenance frameworks, rising investments in infrastructure and industrial assets, strengthening focus on lifecycle equipment management, expanding applications across offshore and onshore sectors. Major trends in the forecast period include increasing focus on ensuring equipment operational efficiency, growing adoption of structured preventive maintenance programs, rising development of predictive and condition based maintenance, increasing demand for reliable industrial service support, growing expansion of maintenance solutions across multiple industries.

The increasing demand for renewable energy is expected to support the growth of the maintenance services market. Renewable energy sources are forms of energy that are naturally replenished and capable of delivering a continuous supply of clean power. Maintenance and repair services cater to the specific needs of renewable energy providers, including those utilizing hydroelectric, wind, and solar power systems. For instance, in July 2024, according to the U.S. Energy Information Administration (EIA), a US-based government agency, renewable energy consumption in the United States reached a record 8.2 quads in 2023, reflecting a 2% increase compared to 2022, as reported by the U.S. Federal Statistical System. Therefore, the growing demand for renewable energy is driving the expansion of the maintenance services market.

Leading companies operating in the maintenance services market are introducing innovations such as advanced elevator maintenance services to serve a wider customer base, increase sales, and enhance revenue. Elevator maintenance services involve the professional inspection and upkeep of elevators and escalators to ensure safe and efficient performance. For example, in June 2023, Hyundai Elevator Co. Ltd., a South Korea-based elevator manufacturer, launched Miri, an advanced elevator maintenance service. Miri is distinguished by its integration of Internet of Things (IoT), artificial intelligence (AI), big data, and robotics technologies, significantly reducing downtime caused by elevator malfunctions. The service can lower operational shutdowns by up to 43% through the use of component lifespan prediction models, fault detection and classification systems, early warning alarm services, and dedicated IoT gateways designed specifically for elevators. This enables customers to proactively manage component replacement cycles and anticipate abnormal conditions in advance, highlighting its efficient and preventive approach to elevator maintenance.

In August 2024, HIG Capital, a US-based investment firm, acquired Axis Europe for an undisclosed amount. This acquisition was undertaken to expand HIG Capital’s portfolio within the property management sector. As a result, HIG can offer a broader range of services, including planned maintenance, responsive repair solutions, and refurbishment services for social housing providers and local government clients. Axis Europe is a UK-based company specializing in property maintenance services.

Major companies operating in the maintenance services market report are Fugro N.V., TechnipFMC plc, Petrofac Limited, Baker Hughes Company, James Fisher and Sons plc, Bluestream Offshore B.V., Royal Boskalis Westminster N.V., Schlumberger Limited, Aker Solutions ASA, Oceaneering International, Inc., Sapura Energy Berhad, MISTRAS Group, Inc., Worley Limited, John Wood Group plc, Johnson Controls International plc, ENGIE Services Inc., Mitie Group plc, ISS A/S, CBRE Group, Inc., Jones Lang LaSalle Incorporated, ABM Industries Incorporated.

Asia-Pacific was the largest region in the maintenance services market in 2025. The regions covered in the 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 maintenance services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The maintenance services market includes revenues earned by entities through preventive maintenance, emergency repairs, routine servicing, component testing, and building mechanical and electrical systems. 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.

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