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The maintenance repair operations (MRO) industry is being driven by the rising demand from the manufacturing sector to reduce cost and product quality. Several manufacturers are adopting MRO to smartly gain large profit margins through the help of MRO. Further, the manufacturers are rapidly adopting MROs in order to achieve consistency in production and minimise the length of downtime in the production process. For instance, Volkswagen has subscribed to MRO services for its manufacturing units in China.
Moreover, due to government regulations across the globe, the manufacturers are optimising on their facilities and production processes to lessen their energy consumption by deploying MRO services to practice lean manufacturing. Further, the thriving manufacturing activities across the world, especially in the Asia Pacific region is due to the introduction of several programmes and policies that promote manufacturing activities.
WESCO International Inc. (NYSE: WCC), a major key player and a provider of industrial, electrical, and communications MRO and OEM products, in January 2020, acquired Anixter International in order to develop an electrical and data communications distribution and supply chain services company. These developments are expected to further the market growth of maintenance repair operations (MRO) in the forecast period.
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Electrocomponents plc, WESCO International, Inc., W.W. Grainger, Inc., Lawson Products, Inc, Wolseley Limited, and ERIKS N.V, among others, are the key players in the global maintenance repair operations (MRO) market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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