Turnaround Services Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.4 Billion by 2030, growing at a CAGR of 6.2% from 2024 to 2030.
The global Turnaround Services market was valued at approximately USD 10.5 billion in 2022 and is projected to reach around USD 15.2 billion by 2027, reflecting a Compound Annual Growth Rate (CAGR) of 7.3% over the forecast period. This growth is driven by increasing complexities in business operations and the rising need for efficient operational restructuring across various industries. The demand for turnaround services is particularly high in sectors experiencing financial distress or seeking significant operational improvements to enhance profitability and operational efficiency.
Opportunities within the market are expanding due to growing economic uncertainties and the need for strategic realignment in businesses globally. Emerging markets, especially in regions such as Asia-Pacific and Latin America, are witnessing a surge in demand for turnaround services due to rapid industrialization and the need for market adaptation. Additionally, advancements in digital technologies and data analytics are offering new avenues for service providers to deliver more precise and actionable insights, further driving market growth. The focus on sustainable business practices and operational resilience is also contributing to the expanding scope of turnaround services.
Get an In-Depth Research Analysis of the Global Turnaround Services Market Size And Forecast [2025-2032]
B&W
Sulzer
Matrix Service
Pipe & Steel Industrial
Brown & Root
Integrated Service Company
Intricate
Total Safety
Turnaround Specialty Group
GMTS
FTS
Continental Fabricators
Young Energy
Koch-Glitsch
Dynamysk
Evergreen North America
Rohrer Group
Industrial Performance Services
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Turnaround Services Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Turnaround Services Market
Oil and Gas
Pulp and Paper
Electricity
Others
Based on Types the Market is categorized into Below types that held the largest Turnaround Services market share In 2023.
Downtime Repair Service
Equipment Optimization Service
Asset Management Services
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Turnaround Services Market Research Analysis
1. Introduction of the Global Turnaround Services Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Turnaround Services Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Turnaround Services Market, By Type
6. Global Turnaround Services Market, By Application
7. Global Turnaround Services Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Turnaround Services Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/