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Report Abstract:
This Market Intelligence Report focuses on the plant maintenance marketplace in the United States from a supply chain sourcing perspective. Plant maintenance refers to measures taken by various industries to retain plant and equipment in a desired functional condition or, to repair the machines and motors to serviceable state. Plant maintenance also includes inspection, testing and servicing both in normal due course and/or as a requirement of steps towards restoration measures. Primarily a fragmented and mature industry, plant maintenance has a developed supplier base and is growing at a medium rate. The plant maintenance category has medium product segmentation and serves primarily industrial and commercial markets. The demand for plant maintenance is generated by various upstream and downstream industries with primary drivers including economic growth, industrial production and capital goods shipments. Key costs around the plant maintenance category include labor and the cost of supplies and spare parts. The major trends in the plant maintenance industry include stimulus measures that order investment in U.S. infrastructure and energy independence, and reduced maintenance backlogs during the economic downturn, among others. The risk outlook for the plant maintenance industry is deteriorating based on microeconomic environment, specifically the shortage of welders, pipe fitters and other craft labor. Category management best practices around the plant maintenance industry include strategic sourcing practices, labor recruitment, green initiatives and international market dynamic advantages.
Starting with detailed background information to provide category context, this report provides insight into the market drivers around demand and key costs, including both historical and forecasted commodity pricing. The supply base section covers the top suppliers, including high-level overviews and market news. The report presents the NAICS category cost structure and historical, current and future pricing curves. The trend section reports new and emerging industry directions. Regulatory considerations include tariff and taxation issues and developing governmental initiatives. Risk outlooks offer a view into upstream drivers that could adversely affect the industry and category. Insights and Best Practices share winning strategies around the management and sourcing of this category.