The Maintenance Services Global Market Report 2023, provides comprehensive information on the maintenance services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global maintenance services market size is expected to grow from $65.06 billion in 2022 to $73.13 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global maintenance services market size is expected to reach $110.74 billion in 2027 at a CAGR of 10.9%.
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Technological advancements have emerged as the key trend gaining popularity in the maintenance services market. Major companies operating in the maintenance services market are developing innovative technologies to strengthen their position in the market. In May 2022, MAG Lifestyle Development, a UAE-based property developer, launched MAG FM a home maintenance tracking app. The unique features of the home maintenance tracking app involve a smart technology platform for the residents that allows the residents to pay online for the services rendered in their homes and provides customers with a wide range of home maintenance packages available. The home maintenance tracking app is designed for providing online services to MAG-5 residents.
The maintenance services market is segmented:
1) By Service Type: Inspection, Maintenance, Repair
2) By Type: Offshore Support Vessels, AUVs Or ROVs, Others
3) By Location: Offshore, Onshore
4) By Application: Oil And Gas, Renewable, Marine, Power Generation, Infrastructures, Manufacturing, Others
Asia-Pacific was the largest region in the maintenance services market in 2022.
The table of contents in TBRC’s maintenance services market report includes:
1. Executive Summary
2. Maintenance Services Market Characteristics
3. Maintenance Services Market Trends And Strategies
4. Maintenance Services Market – Macro Economic Scenario
5. Maintenance Services Market Size And Growth
….
26. Africa Maintenance Services Market
27. Maintenance Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Maintenance Services Market
29. Maintenance Services Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
Fugro
TechnipFMC plc
Petrofac Ltd.
Baker Hughes Company
James Fisher and Sons Plc
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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