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2026-06-16 17:25:04

Global Aftermarket Services Industry Set for Strong Expansion Through 2031 Amid Industrial Modernization

The global industrial machinery repair/aftermarket services industry was valued at US$ 213.5 billion in 2022. The market is anticipated to expand at a CAGR of 7.4% from 2023 to 2031 and is expected to reach US$ 405.6 billion by 2031. Rising demand for predictive maintenance, increasing complexity of industrial machinery, and growing emphasis on reducing downtime across manufacturing and...

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