USD 9.49 billion
Plant & Heavy Machinery Dismantling Services Market Size, Share, Growth Analysis, By Service Type(asset recovery services, industrial demolition services, decommissioning & decontamination services, and other services), By Application(manufacturing, construction, oil & gas, mining), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20C2059 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
66
|Figures:
75
Plant & Heavy Machinery Dismantling Services Market Insights
Plant & Heavy Machinery Dismantling Services Market size was valued at USD 10.09 Billion in 2023 and is poised to grow from USD 10.73 Billion in 2024 to USD 17.49 Billion by 2032, growing at a CAGR of 6.30% during the forecast period (2025-2032).
The global plant & heavy machinery dismantling services market refers to the services offered by companies that specialize in the dismantling, demolition, and removal of heavy machinery, plants, and other industrial equipment. This market plays a crucial role in the proper disposal of obsolete and end-of-life industrial assets, as well as in the safe and efficient dismantling of machinery and equipment for relocation or upgrade purposes. The market is primarily driven by the increasing demand for dismantling and recycling services, as companies aim to reduce their environmental footprint and comply with government regulations. The growing trend towards sustainable and eco-friendly practices has further fuelled the demand for plant & heavy machinery dismantling services, as companies seek to dispose of their equipment in an environmentally responsible manner. However, the market also faces several challenges, such as the high cost associated with dismantling and transportation, as well as the lack of skilled workers and specialized equipment. Moreover, the market is highly dependent on the overall economic conditions and industrial activity levels, which can fluctuate due to various factors such as global trade tensions, natural disasters, and pandemics. Despite these challenges, the market presents numerous opportunities for growth, such as the increasing demand for upgrading and retrofitting industrial equipment, the rising adoption of circular economy principles, and the emergence of new technologies such as automation and robotics.
US Plant & Heavy Machinery Dismantling Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Industrial demolition services
Fastest Growth
Industrial demolition services
Growth Rate
6.30% CAGR
Global Plant & Heavy Machinery Dismantling Services Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Plant & Heavy Machinery Dismantling Services Market Segmental Analysis
Global Plant & Heavy Machinery Dismantling Services Market is segmented on the basis of service type, application, and region. By service type, the market is segmented into asset recovery services, industrial demolition services, decommissioning & decontamination services, and other services. By application, the market is segmented into manufacturing, construction, oil & gas, mining, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Global Plant & Heavy Machinery Dismantling Services Market Analysis by Service Type
Industrial demolition services are the largest segment in the market, owing to the growing demand for the dismantling of aging industrial facilities to make way for new developments. These services involve the safe and efficient dismantling of heavy industrial structures such as factories, power plants, and mills. Specialized contractors typically provide industrial demolition services and have the necessary expertise and equipment to handle large-scale dismantling of industrial sites.
The decommissioning & decontamination services segment is the fastest growing segment in the market. These services involve the safe removal and disposal of hazardous materials from industrial facilities such as nuclear power plants and chemical processing plants. With the increasing need to safely dismantle and dispose of aging industrial facilities that contain hazardous materials, this segment is expected to experience significant growth in the coming years.
Global Plant & Heavy Machinery Dismantling Services Market Analysis by Application
The manufacturing segment is the largest application segment in the global plant & heavy machinery dismantling services market. This is due to the high demand for dismantling and decommissioning services in manufacturing facilities that have reached the end of their lifecycle or require upgrades. The growing trend of industrial automation and technological advancements has also led to the replacement of outdated machinery in manufacturing plants, creating a need for dismantling services. The dismantling of machinery and equipment in the manufacturing sector requires specialized skills and equipment to ensure safe and efficient dismantling. For instance, Keltbray Group, a UK-based company, has worked on several manufacturing plants dismantling projects, including the decommissioning and dismantling of the former Ford Motor Company's engine plant in Dagenham, UK.
The mining segment is the fastest growing application segment in the global plant & heavy machinery dismantling services market. The increasing demand for minerals and metals has led to the development of new mining sites and the expansion of existing ones. As mining equipment and infrastructure age, there is a growing need for dismantling services to decommission and dispose of outdated machinery and facilities. Mining dismantling services are typically provided by specialized contractors who have the expertise and equipment to handle the large-scale dismantling of mining sites. For example, Liberty Industrial Pty Ltd, an Australian company, was awarded a contract in 2020 to undertake the dismantling and removal of the former Ranger uranium mine in the Northern Territory of Australia, one of the largest uranium mines in the world.
Global Plant & Heavy Machinery Dismantling Services Market Size By Service Type 2021(%)
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Plant & Heavy Machinery Dismantling Services Market Regional Insights
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.
The Asia Pacific region is expected to be the fastest-growing region in the Global Plant & Heavy Machinery Dismantling Services Market. The growth can be attributed to the increasing industrialization and urbanization in emerging economies such as China and India. Moreover, the growing demand for raw materials, coupled with the shift of production activities to Asia Pacific countries due to low labor costs, is expected to drive the demand for dismantling services in the region. Additionally, the growing number of government initiatives aimed at attracting foreign investment and developing the manufacturing sector is expected to drive the demand for plant and machinery dismantling services in the region.
Global Plant & Heavy Machinery Dismantling Services Market Size By Geography, 2021-2030
- Largest
- Fastest
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Plant & Heavy Machinery Dismantling Services Market Dynamics
Global Plant & Heavy Machinery Dismantling Services Market Drivers
Increasing demand for the replacement of aging machinery and equipment
- 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.
Growing demand for eco-friendly dismantling services
- With the increasing focus on sustainable development, many companies are looking for dismantling services that can recycle, reuse, or dispose of equipment in an environmentally friendly way. This has led to the development of dismantling services that focus on reducing waste and maximizing the value of materials that can be salvaged.
Global Plant & Heavy Machinery Dismantling Services Market Restraints
High cost of dismantling services
- Plant & Heavy Machinery Dismantling Services can be expensive, particularly for large machinery and equipment. This can be a significant barrier for small and medium-sized enterprises (SMEs) looking to replace old equipment.
Limited availability of skilled labor
- Dismantling machinery and equipment is a specialized task that requires skilled labor with experience in handling heavy machinery. The limited availability of such labor can be a significant challenge for dismantling service providers, particularly in emerging economies.
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Plant & Heavy Machinery Dismantling Services Market Competitive Landscape
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.
Top Player’s Company Profiles in Global Plant & Heavy Machinery Dismantling Services Market
- Priestly Demolition Inc. (Canada)
- 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)
Global Plant & Heavy Machinery Dismantling Services Market Recent Developments
- In September 2021, Safedem Ltd. was awarded a contract to demolish the iconic Red Road flats in Glasgow, Scotland, which will involve the controlled implosion of five high-rise buildings.
- In August 2021, NorthStar Group Services, Inc. announced the acquisition of a new environmental services company, which will expand its capabilities in hazardous waste management, industrial cleaning, and emergency response services.
- In July 2021, Pinnacle Cranes LLC announced the acquisition of a new Liebherr LTM 1650-8.1 crane, which has a maximum lifting capacity of 770 tons and will enable the company to take on larger and more complex heavy lifting projects.
Plant & Heavy Machinery Dismantling Services Key Market Trends
- 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.
- Growing demand for digital dismantling services: Digital dismantling services use advanced technologies such as 3D modeling, virtual reality, and augmented reality to simulate dismantling processes and optimize the dismantling process. This trend is particularly prevalent in the aerospace and defense industries, where complex equipment requires careful planning and execution.
Plant & Heavy Machinery Dismantling Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Plant and Heavy Machinery Dismantling Services Market analysis, the market is expected to witness significant growth owing to the increasing demand for plant dismantling services in various industries such as construction, mining, and oil and gas. With the growing need for cost-effective and efficient dismantling of machinery and equipment, the demand for professional dismantling services has been on the rise. Another factor driving the growth of this market is the rising focus on environmental sustainability and the need for proper disposal of waste materials. With increasing awareness among industries regarding the environmental impact of their operations, the demand for safe and sustainable dismantling services is expected to grow. However, the high cost of dismantling services and the lack of skilled labour in certain regions may act as restraints for market growth. The market is also highly competitive, with a large number of players offering similar services. In terms of trends, there is a growing demand for specialized dismantling services that cater to specific industries or types of machinery. Additionally, the use of advanced technologies such as drones and robots for dismantling operations is also gaining traction in the market. Overall, the global market is expected to continue growing in the coming years, driven by increasing demand from various industries and a focus on sustainable and efficient dismantling practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.49 billion |
| Market size value in 2031 | USD 16.45 billion |
| Growth Rate | 6.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Plant & Heavy Machinery Dismantling Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Plant & Heavy Machinery Dismantling Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Plant & Heavy Machinery Dismantling Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Plant & Heavy Machinery Dismantling Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Plant & Heavy Machinery Dismantling Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Plant & Heavy Machinery Dismantling Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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