Press Release

Global Maintenance Repair Operations (MRO) Market Expected to Reach USD 922.70 billion by 2032, Driven by Rising Adoption of Professional Services

Global Maintenance Repair Operations (MRO) Market

According to a new report by EMR titled, 'Global Maintenance Repair Operations (MRO) Market Report and Forecast 2024-2032', the global market for maintenance repair operations (MRO) reached a value of USD 747.61 billion in 2023. The market is further expected to grow at a CAGR of 2.4% in the forecast period of 2024-2032 to reach a value of USD 922.70 billion by 2032.

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 2021, 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.


Read more about this report - REQUEST FREE SAMPLE COPY IN PDF


Market Analysis by Provider, End Use, and Region:

  • The maintenance repair operations (MRO) industry, on the basis of provider, is bifurcated into OEM and aftermarket.
  • Based on end use, the industry is segmented into manufacturing, construction, electrical, facility, mining, aerospace and defence, automotive, food and beverages, pharmaceuticals, chemicals, and oil and gas, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.


Key Findings of the Report:

  • The global maintenance repair operations (MRO) industry is driven by the rapid rise of digitalisation, along with growing demand for increased efficiency in businesses.
  • The development of smart factories has provided an impetus to the market growth of MRO.
  • Further, the rise in the demand for predictive maintenance, such as sensors and IoT, which is used for the prompt replacement of defective manufacturing components, is propelling the market forward.


Key Offerings of the Report:

  • The EMR report gives an overview of the global market for maintenance repair operations (MRO) for the periods (2018-2023) and (22024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the providers, end-uses, and regional markets of maintenance repair operations (MRO).
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.



Airgas, Inc., Applied Industrial Technologies, RS Group plc, Distribution Solutions Group, Inc., WESCO International, Inc., Ferguson Enterprises, LLC., Eriks N.V., Johnson Controls International Plc, Adolf Würth GmbH & Co. KG, W.W. Grainger, Inc., 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.


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.


Contact Us:

Expert Market Research
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790


*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.