NAICS 81131 - Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
This industry comprises establishments primarily engaged in the repair and maintenance of commercial and industrial machinery and equipment. Establishments in this industry either sharpen/install commercial and industrial machinery blades and saws or provide welding (e.g., automotive, general) repair services; or repair agricultural and other heavy and industrial machinery and equipment (e.g., forklifts and other materials handling equipment, machine tools, commercial refrigeration equipment, construction equipment, and mining machinery).
Industry trends:
In the NAICS 81131 sector, there are several qualitative trends shaping the industry. One significant trend is the increasing adoption of predictive maintenance technologies. Companies are leveraging IoT sensors and AI analytics to monitor equipment health in real-time, predicting breakdowns before they occur. This shift not only minimizes downtime but also optimizes maintenance schedules and reduces costs.
Another trend is the growing emphasis on sustainability. There's a heightened focus on repairing and maintaining equipment to extend its lifespan, thus reducing the need for new manufacturing and minimizing environmental impact. This approach appeals to eco-conscious clients and aligns with global sustainability goals.
Additionally, the industry is witnessing a rise in demand for skilled technicians. As machinery and equipment become more advanced, the need for highly trained professionals who can handle complex repairs is becoming more critical. Companies are investing in upskilling their workforce and adopting more sophisticated training programs to address this demand.
Looking forward, the commercial and industrial machinery and equipment repair and maintenance sector is expected to grow steadily. The integration of advanced technologies will continue to drive efficiency and innovation. Moreover, as industries across the board focus on operational resilience post-pandemic, the importance of reliable maintenance services is likely to surge.
Overall, businesses that embrace technological advancements and invest in skilled labor force will be well-positioned to capitalize on these trends and achieve long-term success in the industry.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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