Expert Market Research Explores the Top 5 Companies in the Europe Maintenance, Repair, and Operations (MRO) Market

The Europe maintenance, repair, and operations (MRO) market size was approximately USD 126.18 billion in 2023. The market is estimated to grow at a CAGR of 1.7% in the forecast period of 2024-2032. As per the analysis by Expert Market Research, the market is expected to be driven by ageing infrastructure in Europe, especially the power industry that requires maintenance and repair activities, creating a continuous demand for MRO services to ensure operational efficiency and safety.

The European power industry requires an 84% annual increase in grid infrastructure investments until 2050 to accommodate decentralized renewables and electric vehicles. Despite an 8% rise in grid investments from 2021 to 2022, there's a growing need for substantial boosts, ideally allocating EUR 0.67 to grid enhancements for every EUR 1 invested in generation capacity.

Further, to meet renewable energy goals, the government advises tripling electrification rates by 2050, doubling renewable energy generation capacity by 2030, and significantly expanding electric vehicle adoption and public charging infrastructure. Additionally, advancements in investments in grid modernization and digitalization are supporting the market growth.

In addition, advanced technologies like predictive maintenance, IoT, and automation are revolutionizing MRO processes, both manual and analogue. Digitization and technological advancements, spurred by the 5G rollout, enable data-driven methods for proactive repair and maintenance. Accessible IoT sensors allow real-time equipment performance tracking, reducing cost inefficiencies. Manufacturers leverage data-driven approaches to plan maintenance strategies, while augmented reality devices streamline tasks by overlaying instructions on machinery, eliminating the need for hard copies. These innovations promise easier and more efficient repair and maintenance operations for companies.

Top 5 MRO Service Providers in Europe:

Adolf Würth GmbH & Co. KG

The Adolf Würth GmbH & Co. KG is a leading multinational company engaged in the development, production, and sale of fastening and assembly materials. The company uses the brand name of Würth Group throughout its subsidiaries and parent company. The company offers more than 400 companies operating with over 2,500 branch offices and shops. The company employs more than 85,000 employees in more than 80 countries, worldwide.

Airgas Inc.

Airgas, a subsidiary of Air Liquide, is a significant provider of welding equipment, gases, safety products, and associated supplies. Leveraging its vast network of over 1,400 locations, a dedicated team of more than 18,000 employees, and a robust e-commerce platform, the company offers reliable, secure and high-quality products, services, and expertise to diverse industries.

WESCO International Inc.

WESCO International, Inc is a prominent B2B distributor, offering logistics services and supply chain solutions across the globe. With a workforce of about 20,000 employees, the company maintains partnerships with over 50,000 suppliers and caters to roughly 150,000 customers. WESCO operates through three strategic business units, which are Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility & Broadband Solutions (UBS).

Sonepar SA

Sonepar is a family-owned enterprise, that holds the top position globally in B-to-B distribution of electrical products, services, and solutions. In 2023 the company sales reached €33.3 billion . The company operates across 40 countries, boasting a vast network of brands, with a workforce of 45,000 dedicated associates. The company aims to simplify its customers' experiences, offering them omnichannel access and sustainable solutions across the building, industry, and energy sectors.

W.W. Grainger Inc.

W.W. Grainger, Inc. is one of the leading distributors of a diverse range of products primarily in North America, Japan, and the United Kingdom. The company’s High-Touch Solutions segment provides over 2 million MRO (Maintenance, Repair, and Operating) products and several related services, including technical support and inventory management.