CATEGORY

Maintenance Services

Maintenance service deals with servicing and maintaining production & packaging equipments,repairing,mechanical & electrical installation services,managing overall industrial facilties in production and associated areas which are required for the steamless running of the plant

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Category Alerts


CATEGORY ALERTS

KBR awarded automated fuel handling equipment contract

September 12, 2022
alert level: Low
CATEGORY ALERTS

Northern Industrial expands into Mexican Market

July 26, 2022
alert level: Medium
CATEGORY ALERTS

KBR awarded automated fuel handling equipment contract

September 12, 2022
alert level: Low

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Maintenance Services Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Maintenance Services category is 7.00%

Payment Terms

(in days)

The industry average payment terms in Maintenance Services category for the current quarter is 60.0 days

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Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Maintenance Services Suppliers


    302,169
    Total Suppliers
    14,733
    Diverse Suppliers
    70
    Normalized Supplier Rating
    Maintenance Services Supplier

    Find the right-fit maintenance services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

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    Sample Supplier
    Company
    WW Grainger
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    3
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    44

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    54
    Social
    37
    Governance
    51
    6 Domains Performance (/100)
    Business behaviour
    42
    Human rights
    49
    Community Environment
    55
    Corporate governance
    56
    Human resources
    27
    Security Scorecard
    85

    Threat indicators
    B
    89
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    69
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    83
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    84
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    100
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    grainger.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    0
    Workforce Health Safety Issues
    0
    Product Service Issues
    1
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    1
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    1
    Fraud Issues
    0
    Labor Health Safety Flags
    0
    Regulatory Issues
    1
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    55
    Discrimination Workforce Rights Issues
    0
    esg controversies critical severity
    No

    Maintenance Services market report transcript


    Maintenance Services Regional Market Outlook

    • The total global mining equipment maintenance service market is expected to be at $200.9 billion in 2022 (E) and forecasted to be at $ 207.9 billion in 2023 and expected to be valued at $222.7 billion in 2025

    • The equipment service market is highly fragmented, however, for mining equipment, the OEMs and its authorized dealers constitute to the majority of the market share

    • North America, Australia, Chile and South Africa are the major regions for mining activities and dominates the mining maintenance service market

    Global Market Overview for Mining Equipment

    • The global mining equipment market is expected to be approximately $141.6 billion in 2022 and forecasted to grow to $149.6 billion in 2023 and  is expected to grow at a CAGR of 5.5 percent and reach $185 billion by the end of 2027. The APAC accounted for over 58 percent of global mining equipment demand in 2021, and demand is expected to grow at an estimated CAGR of 8.6 percent during the forecast period

    • Surface mining equipment accounts for approximate 26 percent of the global mining equipment market and is expected to remain in the similar until 2027

    • Coal continues to be the top mining metal which stood at around 40 percent in the year 2020 globally

    • The market for drills and breakers is expected to grow at the fastest rate due to their varied applicability and increase in demand from developing regions

    • Depleting ore grades in surface mines have influenced miners to perform deeper mineral extraction, which has marginally decreased the demand for surface mining equipment

    Global Market Overview for Mining Equipment Maintenance Services

    • The global maintenance services market is estimated to be around $1172 billion in 2021.  The maintenance services for mining equipment market is expected to be at $200.9 billion and forecasted to be at $207.9 billion in 2023.It is expected to continue to grow at a CAGR of approx. 7–8 percent until 2025. Mining industry captures around 15 to 19 percent of the services market share and expected to grow at a CAGR of 3 to 4 percent until 2025

    • Demand for the machinery maintenance and heavy equipment repair services industry is steadily recovering from severe losses during the recession in last decade

    • The equipment repair and maintenance service industry is extremely fragmented and competitive catering to a variety of industries with vast end-user segments and suppliers. Hence, it provides opportunities to lower costs in every market where a business operates

    • The countries contributing to major demand are emerging market, such as Australia, China, India, Chile, Brazil, Ghana, Nigeria and other African continent due to increasing mining activities to support market demand

    • The aftermarket demand for mining equipment declined in North America and Europe with the aftereffects of the global recession while Asia witnessed steady increase in after market demand

    • Service portfolio of equipment service providers are not diversified covering all range of equipment categories, mostly suppliers specialize in particular range of equipment

    • For mining sector OEMs have the major hold on the service market followed by the OEM authorized service providers and the third-party vendors

    • The spur in the growth of industrial services are also contributed by increase in focus on core competency by the clients and the requirement of technical expertise for these services

    • Service providers are expected to be involved in more M&As to increase their geographical presence and further vertical integration in their operation

    Global Equipment Maintenance Service Market Drivers and Constraints

    Drivers 

    • Customers’ focus on core competencies and outsourcing maintenance activities

    • Environmental and legal requirements drive the market for modernization and upgrades of production processes at mines. Ever rowing technical complexity of installed plant/equipment automation, data management, etc.

    • The demand for repair and maintenance for existing machinery is high in order to adhere to standards and safety norms. Growing demand for integrated services from a single supplier favors large-scale providers

    • Standardization of integrated services offers room for leading players to define quality standards

    • Global players are expanding their footprint in developing economies and require industrial service levels comparable to established economies, while local players in developing countries are expanding service capabilities and require high quality services to compete with bigger players

    Constraints 

    • Global demand of metals and coal affects the price of the commodity, and thereby affecting the investment in equipment and maintenance

    • Conservative mindset among buyers will lead to slow technology adoption

    • Increased competition from low-cost service companies, industry shall hinder the global companies, as they cannot compete against cost offered by lower companies which has lower overheads

    • Mobility, flexibility, and agility are the important factors to focus on. There is no coherent approach towards MRO, not only in regards to legal issues, but also on skills integration and skills harmonization

    • Local cultures and differences: A culture of change has to be embraced and to be made sustainable

    Global Mining Equipment Maintenance Service Market Maturity

    • The repair and maintenance market is fragmented, since service portfolio of equipment service providers is not diversified, covering all range of equipment categories

    • Maintenance services demand is not much affected by slowdown in mining industry and the falling commodity prices. To improve the equipment life and performance by reduced the down time, mining companies have to keep up the maintenance activities on

    Cost Break-up : Maintenance Services

    • Labor constitutes the major cost in any maintenance service contract

    • The management fee for the services is one of the areas for negotiation for the buyer, which contributes around 5 to 7 percent of the total costs

    • The supplier charges for the spares and consumable cost along with the cost of tools and instruments used for maintenance in the contract

    • Out of total cost, labor cost comprises of 60–65 percent, approximately 15–20 percent of the cost goes in taxes and overheads to the employer

    • Other costs include tools and infrastructure required for the services along with licenses and other overheads

    • Electrical contractors’ material costs are typically much less than other mechanical contractors (as generally standard materials are used and no fabricated materials required for E&I repair services)

    • The management fee for the services is one of the areas for negotiation in the contract for the buyer

    Why You Should Buy This Report

    • The report gives information about the industrial maintenance services market size, market maturity, trends, overview of the mining maintenance services market, to name a few.
    • It lists out the major drivers and constraints and gives Porter's five force analysis of the global IT maintenance market.
    • It provides supply trends and insights and does the SWOT analysis of major players such as Caterpillar, Sandvik, and Atlas Copco.
    • The report gives the cost structure breakdown, price trends, and drivers analysis.
    • It further lists out the best industry practices, engagement models, and KPIs.

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