How Government Policies Are Affecting the Inspection, Repair and Maintenance (IRM) Service Market
Inspection, Repair and Maintenance (IRM) Service Market Size and Opportunity Analysis The global Inspection, Repair and Maintenance (IRM) service market was valued at approximately USD 98 billion in 2022, with a projected Compound Annual Growth Rate (CAGR) of 5.6% from 2023 to 2030. This market encompasses a broad range of sectors, including industrial, automotive, and infrastructure, where regular IRM services are essential for ensuring operational efficiency and safety. The growing complexity of machinery and infrastructure systems, along with stringent regulatory standards, drives the need for comprehensive IRM solutions. The expansion of industrial automation and increasing investment in infrastructure development are significant factors contributing to the market's growth. Opportunity analysis indicates a strong potential for market expansion, particularly in emerging economies where industrialization and infrastructure development are accelerating. Countries in Asia-Pacific...