Global Plant & Heavy Machinery Dismantling Services Market Size, Share, Growth Analysis, By Service Type(asset recovery services, industrial demolition services), By Application(manufacturing, construction) - Industry Forecast 2024-2031

Global Plant & Heavy Machinery Dismantling Services Market size was valued at USD 9.49 billion in 2022 and is poised to grow from USD 10.09 billion in 2023 to USD 16.45 billion by 2031, growing at a CAGR of 6.30% during the forecast period (2024-2031).

The Global Plant and Heavy Machinery Dismantling Services Market is highly fragmented, with a large number of small and medium-sized companies competing with each other. The market is characterized by intense competition, with players competing on the basis of price, quality, and services offered. The leading players in the market are investing heavily in research and development to develop new and innovative solutions to cater to the growing demand for dismantling services. In addition to this, the market is witnessing a trend of strategic partnerships and collaborations among key players. This is aimed at leveraging each other's strengths to provide comprehensive solutions to clients. 'Brandenburg Industrial Service Company (US)', 'Priestly Demolition Inc. (Canada)', 'Demolition Services Inc. (US)', 'Keltbray Group (UK)', 'Despe Srl (Italy)', 'Coleman & Company Ltd. (UK)', 'DHR Demolition Ltd. (UK)', 'Demtech Services, Inc. (US)', 'DH Griffin Wrecking Co., Inc. (US)', 'Liberty Industrial Pty Ltd (Australia)', 'Demolition & Dismantling Contractors Ltd. (UK)', 'Kiewit Corporation (US)', 'Pinnacle Cranes LLC (US)', 'B&B Wrecking & Excavating (US)', 'Jet Demolition (South Africa)', 'NorthStar Group Services, Inc. (US)', 'Safedem Ltd. (UK)', 'The Coleman Company (US)', 'Veit & Company, Inc. (US)', 'REC Environmental Services (US)'

As machinery and equipment age, they become less efficient, and their maintenance costs increase. Therefore, there is a growing demand for dismantling services to replace old machinery with newer, more efficient equipment.

Increasing adoption of automation and robotics in dismantling services: With advancements in automation and robotics technology, there is a growing trend towards the use of these technologies in dismantling services. Automation and robotics can increase efficiency, reduce the need for manual labor, and improve safety.

North America dominated the global Plant & Heavy Machinery Dismantling Services Market. The region's dominance is attributed to the presence of a large number of manufacturing and processing industries that require the dismantling and relocation of heavy machinery. In addition, the region is witnessing a significant increase in the number of obsolete and outdated plants and machinery, creating a demand for dismantling services.