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Global Maintenance Repair Operations (MRO) Market: By Provider: OEM, Aftermarket; By End Use: Manufacturing, Construction, Electrical, Facility, Mining, Aerospace and Defence, Automotive, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Maintenance Repair Operations (MRO) Market Outlook

The global maintenance repair operations (MRO) market attained a value of USD 143 billion in 2019. The market is expected to further grow at a CAGR of 1.5% in the forecast period of 2020-2025 to reach USD 156 billion by 2025.

 

The Asia Pacific to Witness a Significant Growth Owing to the Rising Adoption of Professional Services

The Asia Pacific maintenance repair operations (MRO) market is expected to witness a robust growth in the forecast period due to the growing adoption of professional services. The region is considered a manufacturing hub for spare parts that are then supplied to other countries, owing to its cost-effectiveness, thus, providing a great boost to the growth of the maintenance repair operations (MRO) industry. In addition, the market is expected to witness a significant demand due to standardisation of equipment and services within critical manufacturing operations. The introduction of advanced manufacturing techniques in the Asia Pacific, as a result of rising investments in R&D activities, is predicted to enhance the market growth further. Moreover, due to the COVID-19 pandemic, many companies that had investments in China are now shifting to other Asian countries, such as India and Taiwan, for their operations. This is expected to influence the market growth positively in the coming years.

 

Maintenance Repair Operations (MRO): Industry Definition and Segmentation

Maintenance repair operations (MRO) refers to the operations used by a company to develop an end-product. MRO may include anything used in the manufacturing of, but not used in a final product.

On the basis of provider, the market is divided into:

  • OEM
  • Aftermarket

Based on end use, the industry can be segmented into:

  • Manufacturing
  • Construction
  • Electrical
  • Facility
  • Mining
  • Aerospace and Defence
  • Automotive
  • Food and Beverages
  • Pharmaceuticals
  • Chemicals
  • Oil and Gas 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Demand for Increased Efficiency to Aid the Global Maintenance Repair Operations (MRO) Market Growth

The maintenance repair operations (MRO) industry is being driven by the thriving digitalisation and the rising demand for increased efficiency in businesses. In addition, the market is expected to be led by the development of smart factories. Due to the growth of predictive maintenance, like sensors and IoT, which allows prompt replacement of manufacturing components before any defects arise, the market is expected to grow rapidly in the forecast period.
 
However, the market may slow down due to the spread of COVID- 19, which has severely impacted the market growth. The global supply chain has been adversely impacted due to the temporary closures of factory units due to the pandemic, resulting in difficulty by vendors in procuring parts, thus, constraining the growth of the MRO industry.

 

Key Industry Players in the Global Maintenance Repair Operations (MRO) Market

The report gives a detailed analysis of the following key players in the global maintenance repair operations (MRO) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Electrocomponents plc
  • WESCO International, Inc.
  • W.W. Grainger, Inc.
  • Lawson Products, Inc
  • Wolseley Limited
  • ERIKS N.V
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Maintenance Repair Operations (MRO) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Maintenance Repair Operations (MRO) Historical Market (2015-2019) 
    8.3    Global Maintenance Repair Operations (MRO) Market Forecast (2020-2025)
    8.4    Global Maintenance Repair Operations (MRO) Market by Provider
        8.4.1    OEM
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Aftermarket
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Maintenance Repair Operations (MRO) Market by End Use
        8.5.1    Manufacturing
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Construction
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Electrical
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Facility
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Mining
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Aerospace and Defence
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2015-2019)
            8.5.6.3    Forecast Trend (2020-2025)
        8.5.7    Automotive
            8.5.7.1    Market Share
            8.5.7.2    Historical Trend (2015-2019)
            8.5.7.3    Forecast Trend (2020-2025)
        8.5.8    Food and Beverages
            8.5.8.1    Market Share
            8.5.8.2    Historical Trend (2015-2019)
            8.5.8.3    Forecast Trend (2020-2025)
        8.5.9    Pharmaceuticals
            8.5.9.1    Market Share
            8.5.9.2    Historical Trend (2015-2019)
            8.5.9.3    Forecast Trend (2020-2025)
        8.5.10    Chemicals
            8.5.10.1    Market Share
            8.5.10.2    Historical Trend (2015-2019)
            8.5.10.3    Forecast Trend (2020-2025)
        8.5.11    Oil and Gas 
            8.5.11.1    Market Share
            8.5.11.2    Historical Trend (2015-2019)
            8.5.11.3    Forecast Trend (2020-2025)
        8.5.12    Others
    8.6    Global Maintenance Repair Operations (MRO) Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Key Players
    12.3    Company Profiles
        12.3.1    Electrocomponents plc
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Certifications
        12.3.2    WESCO International, Inc.
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Certifications
        12.3.3    W.W. Grainger, Inc.
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Certifications
        12.3.4    Lawson Products, Inc
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Certifications
        12.3.5    Wolseley Limited
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Certifications 
        12.3.6    ERIKS N.V
            12.3.6.1    Company Overview
            12.3.6.2    Product Portfolio
            12.3.6.3    Demographic Reach and Achievements
            12.3.6.4    Certifications
        12.3.7    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Maintenance Repair Operations (MRO) Market: Key Industry Highlights, 2015 and 2025
2.    Global Maintenance Repair Operations (MRO) Historical Market: Breakup by Provider (USD Billion), 2015-2019
3.    Global Maintenance Repair Operations (MRO) Market Forecast: Breakup by Provider (USD Billion), 2020-2025
4.    Global Maintenance Repair Operations (MRO) Historical Market: Breakup by End Use (USD Billion), 2015-2019
5.    Global Maintenance Repair Operations (MRO) Market Forecast: Breakup by End Use (USD Billion), 2020-2025
6.    Global Maintenance Repair Operations (MRO) Historical Market: Breakup by Region (USD Billion), 2015-2019
7.    Global Maintenance Repair Operations (MRO) Market Forecast: Breakup by Region (USD Billion), 2020-2025
8.    North America Maintenance Repair Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2015-2019
9.    North America Maintenance Repair Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2020-2025
10.    Europe Maintenance Repair Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2015-2019
11.    Europe Maintenance Repair Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2020-2025
12.    Asia Pacific Maintenance Repair Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2015-2019
13.    Asia Pacific Maintenance Repair Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2020-2025
14.    Latin America Maintenance Repair Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2015-2019
15.    Latin America Maintenance Repair Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2020-2025
16.    Middle East and Africa Maintenance Repair Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2015-2019
17.    Middle East and Africa Maintenance Repair Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2020-2025
18.    Global Maintenance Repair Operations (MRO) Market Structure

Key Questions Answered in the Report

In 2019, the market attained a value of nearly USD 143 billion. 

The market is projected to grow at a CAGR of 1.5% between 2020 and 2025.

The market is estimated to witness a healthy growth in the forecast period of 2020-2025 to reach about USD 156 billion by 2025.

The major drivers of the industry, such as rising disposable incomes, increasing adoption of professional services, rising standardisation of equipment and services within critical manufacturing operations, increasing digitalisation, and growing technological advancements, are expected to aid the market growth.

The key trend guiding the growth of the market includes the launch of smart industries, which use predictive maintenance, like sensors and IoT.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. 

The leading providers in the industry are OEM and aftermarket.

The major end-use segments in the market are manufacturing, construction, electrical, facility, mining, aerospace and defence, automotive, food and beverages, pharmaceuticals, chemicals, and oil and gas, among others.

The major players in the industry are Electrocomponents plc, WESCO International, Inc., W.W. Grainger, Inc., Lawson Products, Inc, Wolseley Limited, and ERIKS N.V, among others.

Analyst Review

The global maintenance repair operations (MRO) market attained a value of USD 143 billion in 2019, driven by demand for efficiency across industries. Aided by the rise of smart industry practices, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 1.5%. The market is projected to reach USD 156 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on provider, the market can be segmented into OEM and aftermarket. By end-use, the industry is divided into manufacturing, construction, electrical, facility, mining, aerospace and defence, automotive, food and beverages, pharmaceuticals, chemicals, and oil and gas, among others. The major regional markets for maintenance repair operations (MRO) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Electrocomponents plc, WESCO International, Inc., W.W. Grainger, Inc., Lawson Products, Inc, Wolseley Limited, and ERIKS N.V, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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