Maintenance Repair Operations (MRO) Market

Global Maintenance Repair Operations (MRO) Market by MRO Types (Electrical, Industrial, and Facility), Technology (Internet Of Things (IoT), 3D Printing, Artificial Intelligence, Big Data Analytics, AR/VR, Robotics, Predictive Maintenance, and Others), End-users (Construction, Manufacturing, Automotive, Aerospace & Defense, Pharmaceuticals, Chemicals, Oil & Gas, Food & Beverages, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global, Industry Analysis, Growth, Share, Size, Trends, and Forecasts,2021-2028

  • Report ID: CM-3947
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 165
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The global maintenance repair operations (MRO) market is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. Maintenance repair operations (MRO) are activities and operations which are required for proper functioning of a facility or plant such as, physical maintenance of the equipments used to carry out various functions in the facility, the systems which operate within the facility, and the structure of a building. MRO products such as cleaning supplies, office supplies, machinery (compressors, pumps, and valves), laboratory equipment, and maintenance tools (lubricants, gaskets, and repair tools) are utilized during the production process. The various industries that require maintenance repair operations activities are automotive, pharmaceuticals, chemicals, construction, and manufacturing.

Maintenance Repair Operations (MRO) Market key takeaways

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing concern for internal efficiency in various establishments and growing digitization is fuelling the market.
  • Rising investments in maintenance operations for improving product quality and curbing manufacturing costs is expected to drive the demand in the coming years.
  • Fluctuations in raw material prices & labor cost and lack of skilled workforce are expected to hamper the market growth.
  • Growing demand for highly tailored solution according to consumer needs is anticipated to provide lucrative opportunities for market players during the forecast period.

Scope of the report:

The report on maintenance repair operations (MRO) market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Maintenance Repair Operations Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

MRO Types (Electrical, Industrial, and Facility), Technology (Internet Of Things (IoT), 3D Printing, Artificial Intelligence, Big Data Analytics, AR/VR, Robotics, Predictive Maintenance, and Others), End-users (Construction, Manufacturing, Automotive, Aerospace & Defense, Pharmaceuticals, Chemicals, Oil & Gas, Food & Beverages, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

WESCO International, Inc.; Lawson Products, Inc; Airgas, Inc.; Sonepar SA; Electrocomponents plc; W.W. Grainger, Inc.; Rexel; Wolseley Limited; RUBIX; and Kaman Corporation

 

Maintenance Repair Operations Market Segment Insights:

The industrial MRO segment is projected to hold significant market share

In terms of MRO types, the maintenance repair operations (MRO) market can be categorized into electrical, industrial, and facility. The industrial MRO segment held a considerable share of the market in 2020 owing to increasing expenditure on MRO activities by various industries for reducing capital on new equipments and to improve their operational efficiency.

Maintenance Repair Operations (MRO) Market by taxonomy

The IoT segment held substantial market share in 2020

Based on technology, the maintenance repair operations market is fragmented into IoT, 3D printing, artificial intelligence, big data analytics, AR/VR, robotics, predictive maintenance, and others. The IoT segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period due to thriving digitalization, development of smart factories, and growth of predictive maintenance which allows early replacement of any components before defect arises.

Maintenance Repair Operations (MRO) Market by technology

The manufacturing segment to grow during the forecast period

On the basis of end-users, the market can be segregated into construction, manufacturing, automotive, aerospace & defense, pharmaceuticals, chemicals, oil & gas, food & beverages, and others. The manufacturing segment is expected to hold a significant share of the market during the forecast period due to increasing need to enhance product quality, reduce costs, optimize energy consumption, and reduce downtime involved in manufacturing processes.

Asia Pacific dominates the global market

In terms of regions, the global maintenance repair operations (MRO) market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020 due to introduction of advanced manufacturing practices. Moreover, growth in industrialization, manufacturing, digitization, and increasing adoption of professional services are driving the market in Asia Pacific.

Maintenance Repair Operations (MRO) Market by regions

Segments

Segments Covered in the Report

MRO Types

  • Electrical
  • Industrial
  • Facility
Technology
  • Internet Of Things (IoT)
  • 3D Printing
  • Artificial Intelligence
  • Big Data Analytics
  • AR/VR
  • Robotics
  • Predictive Maintenance
  • Others
End-users
  • Construction
  • Manufacturing
  • Automotive
  • Aerospace & Defense
  • Pharmaceuticals
  • Chemicals
  • Oil & Gas
  • Food & Beverages
  • Others
Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
Key Players
  • WESCO International, Inc.
  • Lawson Products, Inc
  • Airgas, Inc.
  • Sonepar SA
  • Electrocomponents plc
  • W.W. Grainger, Inc.
  • Rexel
  • Wolseley Limited
  • RUBIX
  • Kaman Corporation

Competitive Landscape

Key players in the maintenance repair operations (MRO) market include WESCO International, Inc.; Lawson Products, Inc; Airgas, Inc.; Sonepar SA; Electrocomponents plc; W.W. Grainger, Inc.; Rexel; Wolseley Limited; RUBIX; and Kaman Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Maintenance Repair Operations (MRO) Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Maintenance Repair Operations (MRO) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Maintenance Repair Operations (MRO) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Maintenance Repair Operations (MRO) Market - Supply Chain
  4.5. Global Maintenance Repair Operations (MRO) Market Forecast
     4.5.1. Maintenance Repair Operations (MRO) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Maintenance Repair Operations (MRO) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Maintenance Repair Operations (MRO) Market Absolute $ Opportunity
5. Global Maintenance Repair Operations (MRO) Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Maintenance Repair Operations (MRO) Market Size and Volume Forecast by End Users
     5.3.1. Construction
     5.3.2. Manufacturing
     5.3.3. Automotive
     5.3.4. Aerospace & Defense
     5.3.5. Pharmaceuticals
     5.3.6. Chemicals
     5.3.7. Oil & Gas
     5.3.8. Food & Beverages
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Maintenance Repair Operations (MRO) Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Maintenance Repair Operations (MRO) Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Maintenance Repair Operations (MRO) Demand Share Forecast, 2019-2026
7. North America Maintenance Repair Operations (MRO) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Maintenance Repair Operations (MRO) Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Maintenance Repair Operations (MRO) Market Size and Volume Forecast by End Users
     7.4.1. Construction
     7.4.2. Manufacturing
     7.4.3. Automotive
     7.4.4. Aerospace & Defense
     7.4.5. Pharmaceuticals
     7.4.6. Chemicals
     7.4.7. Oil & Gas
     7.4.8. Food & Beverages
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Maintenance Repair Operations (MRO) Demand Share Forecast, 2019-2026
8. Latin America Maintenance Repair Operations (MRO) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Maintenance Repair Operations (MRO) Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Maintenance Repair Operations (MRO) Market Size and Volume Forecast by End Users
     8.4.1. Construction
     8.4.2. Manufacturing
     8.4.3. Automotive
     8.4.4. Aerospace & Defense
     8.4.5. Pharmaceuticals
     8.4.6. Chemicals
     8.4.7. Oil & Gas
     8.4.8. Food & Beverages
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Maintenance Repair Operations (MRO) Demand Share Forecast, 2019-2026
9. Europe Maintenance Repair Operations (MRO) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Maintenance Repair Operations (MRO) Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Maintenance Repair Operations (MRO) Market Size and Volume Forecast by End Users
     9.4.1. Construction
     9.4.2. Manufacturing
     9.4.3. Automotive
     9.4.4. Aerospace & Defense
     9.4.5. Pharmaceuticals
     9.4.6. Chemicals
     9.4.7. Oil & Gas
     9.4.8. Food & Beverages
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Maintenance Repair Operations (MRO) Demand Share Forecast, 2019-2026
10. Asia Pacific Maintenance Repair Operations (MRO) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Maintenance Repair Operations (MRO) Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Maintenance Repair Operations (MRO) Market Size and Volume Forecast by End Users
     10.4.1. Construction
     10.4.2. Manufacturing
     10.4.3. Automotive
     10.4.4. Aerospace & Defense
     10.4.5. Pharmaceuticals
     10.4.6. Chemicals
     10.4.7. Oil & Gas
     10.4.8. Food & Beverages
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Maintenance Repair Operations (MRO) Demand Share Forecast, 2019-2026
11. Middle East & Africa Maintenance Repair Operations (MRO) Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Maintenance Repair Operations (MRO) Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Maintenance Repair Operations (MRO) Market Size and Volume Forecast by End Users
     11.4.1. Construction
     11.4.2. Manufacturing
     11.4.3. Automotive
     11.4.4. Aerospace & Defense
     11.4.5. Pharmaceuticals
     11.4.6. Chemicals
     11.4.7. Oil & Gas
     11.4.8. Food & Beverages
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Maintenance Repair Operations (MRO) Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Maintenance Repair Operations (MRO) Market: Market Share Analysis
  12.2. Maintenance Repair Operations (MRO) Distributors and Customers
  12.3. Maintenance Repair Operations (MRO) Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. WESCO International, Inc.
     12.4.2. Lawson Products, Inc
     12.4.3. Airgas, Inc.
     12.4.4. Sonepar SA
     12.4.5. Electrocomponents plc
     12.4.6. W.W. Grainger, Inc.
     12.4.7. Rexel
     12.4.8. Wolseley Limite

Segments Covered in the Report

MRO Types

  • Electrical
  • Industrial
  • Facility
Technology
  • Internet Of Things (IoT)
  • 3D Printing
  • Artificial Intelligence
  • Big Data Analytics
  • AR/VR
  • Robotics
  • Predictive Maintenance
  • Others
End-users
  • Construction
  • Manufacturing
  • Automotive
  • Aerospace & Defense
  • Pharmaceuticals
  • Chemicals
  • Oil & Gas
  • Food & Beverages
  • Others
Regions
  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa
Key Players
  • WESCO International, Inc.
  • Lawson Products, Inc
  • Airgas, Inc.
  • Sonepar SA
  • Electrocomponents plc
  • W.W. Grainger, Inc.
  • Rexel
  • Wolseley Limited
  • RUBIX
  • Kaman Corporation

Key players in the maintenance repair operations (MRO) market include WESCO International, Inc.; Lawson Products, Inc; Airgas, Inc.; Sonepar SA; Electrocomponents plc; W.W. Grainger, Inc.; Rexel; Wolseley Limited; RUBIX; and Kaman Corporation. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Maintenance Repair Operations (MRO) Market by key players

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