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The MRO industry is expected to witness significant growth in the coming years as the demand for repair, maintenance, and service operations in manufacturing and industrial activities grow, particularly in Germany and Finland. The commercial availability of MRO items and a competent workforce for services have given Europe's industrial and manufacturing industries a lot of room to grow. As a result, the sales of the major players in the European economy have improved. Rising industrial output in Germany, Italy, and France is expected to bolster the MRO operations. Several European companies have utilised integrated service concepts to improve the quality of service and equipment in critical operations. This approach also aids the industry in lowering repair and maintenance costs. Over the next few years, this trend is expected to propel the MRO distribution industry in Europe. The emergence of e-commerce platforms has considerably impacted the MRO distribution industry in Europe. Increasing demand for long-lasting and sophisticated bearings is expected to propel the market forward throughout the forecast period. Increased food item and packaged food production are likely to boost the MRO industry. In line with this, the increase in product demand for the maintenance of aircraft components and identification of structural damages, defects, and dents is positively impacting the market growth.
In the facility MRO market, technology enabler firms in the region are embracing novel solutions to utilise the seamless integration of multiple systems with inventory management. French company Monstock, a mobile solution for flow and inventory management, announced in May 2020 that it would raise EUR 1.6 million to accelerate its business activities. This was the company's initial round of funding led by Side Capital and backed by BPI France and other private investors. These incidents will also help to reinforce the country's facilities MRO landscape.
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The major players in the Europe maintenance, repair, and operations (MRO) industry are Wurth Group GmbH, Airgas Inc., WESCO International Inc., Sonepar SA, and W.W. Grainger Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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