Reports

Sale

Maintenance, Repair, and Operations (MRO) Market

Global Maintenance, Repair, and Operations (MRO) Market: By Provider: OEM, Aftermarket; By End Use: Manufacturing, Construction, Electrical, Facility, Mining, Aerospace and Defence, Automotive, Food and Beverages, Pharmaceuticals, Chemicals, Oil and Gas, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Maintenance, Repair, and Operations (MRO) Market Outlook

The global maintenance, repair, and operations (MRO) market attained a value of USD 747.61 billion in 2023 and expected to grow at a CAGR of 2.4% in the forecast period of 2024-2032 to reach USD 922.70 billion by 2032.             

 

Maintenance Repair Operations (MRO) Market

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

 

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

The Asia Pacific maintenance, repair, and 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, and 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) Market by Segments

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

 

Maintenance, Repair, and Operations (MRO): Market Segmentation

Maintenance, repair, and operations (MRO) refer to the miscellaneous expenditure by firms to ensure the smooth functioning of its operations and production process. While the products of MRO are not a part of the end product, they include products that are likely to be utilised during the production process, such as consumables (such as laboratory equipment, cleaning, or office supplies), machinery (like pumps, compressors, or valves), repair and maintenance tools (such as lubricants, repair tools, gaskets), and other miscellaneous products like fixtures, furniture, and computers. 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.

 

Maintenance Repair Operations (MRO) Market by Region

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

 

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

The maintenance, repair, and 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, and Operations (MRO) Market

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

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

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

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Provider
  • End Use
  • Region
Breakup by Provider
  • OEM
  • Aftermarket
Breakup by End Use
  • Manufacturing
  • Construction
  • Electrical
  • Facility
  • Mining
  • Aerospace and Defence
  • Automotive
  • Food and Beverages
  • Pharmaceuticals
  • Chemicals
  • Oil and Gas
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • South Korea
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Airgas, Inc.
  • Applied Industrial Technologies
  • Electrocomponents plc
  • W.W. Grainger, Inc.
  • Lawson Products, Inc
  • WESCO International, Inc.
  • Wolseley Limited
  • ERIKS N.V
  • Johnson Controls
  • Wurth Group
  • Caterpillar Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Maintenance, Repair, and Operations (MRO) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Maintenance, Repair, and Operations (MRO) Historical Market (2018-2023) 
    8.3    Global Maintenance, Repair, and Operations (MRO) Market Forecast (2024-2032)
    8.4    Global Maintenance, Repair, and Operations (MRO) Market by Provider
        8.4.1    OEM
            8.4.1.1    Historical Trend (2018-2023) 
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Aftermarket
            8.4.2.1    Historical Trend (2018-2023) 
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Maintenance, Repair, and Operations (MRO) Market by End Use
        8.5.1    Manufacturing
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Construction
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3     Electrical
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Facility
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Mining
            8.5.5.1    Historical Trend (2018-2023) 
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Aerospace and Defence
            8.5.6.1    Historical Trend (2018-2023) 
            8.5.6.2    Forecast Trend (2024-2032)
        8.5.7    Automotive
            8.5.7.1    Historical Trend (2018-2023) 
            8.5.7.2    Forecast Trend (2024-2032)
        8.5.8    Food and Beverages
            8.5.8.1    Historical Trend (2018-2023) 
            8.5.8.2    Forecast Trend (2024-2032)
        8.5.9    Pharmaceuticals
            8.5.9.1    Historical Trend (2018-2023) 
            8.5.9.2    Forecast Trend (2024-2032)
        8.5.10    Chemicals
            8.5.10.1    Historical Trend (2018-2023) 
            8.5.10.2    Forecast Trend (2024-2032)
        8.5.11    Oil and Gas 
            8.5.11.1    Historical Trend (2018-2023) 
            8.5.11.2    Forecast Trend (2024-2032)
        8.5.12    Others
    8.6    Global Maintenance, Repair, and Operations (MRO) Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023) 
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023) 
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023) 
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023) 
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023) 
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Maintenance, Repair, and Operations (MRO) Market Analysis
    9.1    Market by Provider
    9.2    Market by End Use
    9.3    Market by Country
        9.3.1    United States of America 
            9.3.1.1    Historical Trend (2018-2023) 
            9.3.1.2    Forecast Trend (2024-2032)
        9.3.2    Canada
            9.3.2.1    Historical Trend (2018-2023) 
            9.3.2.2    Forecast Trend (2024-2032)
10    Europe Maintenance, Repair, and Operations (MRO) Market Analysis
    10.1    Market by Provider
    10.2    Market by End Use
    10.3    Market by Country
        10.3.1    United Kingdom
            10.3.1.1    Historical Trend (2018-2023) 
            10.3.1.2    Forecast Trend (2024-2032)
        10.3.2    Germany
            10.3.2.1    Historical Trend (2018-2023) 
            10.3.2.2    Forecast Trend (2024-2032)
        10.3.3    France
            10.3.3.1    Historical Trend (2018-2023) 
            10.3.3.2    Forecast Trend (2024-2032)
        10.3.4    Italy
            10.3.4.1    Historical Trend (2018-2023) 
            10.3.4.2    Forecast Trend (2024-2032)
        10.3.5    Others
11    Asia Pacific Maintenance, Repair, and Operations (MRO) Market Analysis
    11.1    Market by Provider
    11.2    Market by End Use
    11.3    Market by Country
        11.3.1    China
            11.3.1.1    Historical Trend (2018-2023) 
            11.3.1.2    Forecast Trend (2024-2032)
        11.3.2    Japan
            11.3.2.1    Historical Trend (2018-2023) 
            11.3.2.2    Forecast Trend (2024-2032)
        11.3.3    India
            11.3.3.1    Historical Trend (2018-2023) 
            11.3.3.2    Forecast Trend (2024-2032)
        11.3.4    ASEAN
            11.3.4.1    Historical Trend (2018-2023) 
            11.3.4.2    Forecast Trend (2024-2032)
        11.3.5    South Korea
            11.3.5.1    Historical Trend (2018-2023) 
            11.3.5.2    Forecast Trend (2024-2032)
        11.3.6    Australia
            11.3.6.1    Historical Trend (2018-2023) 
            11.3.6.2    Forecast Trend (2024-2032)
        11.3.7    Others
12    Latin America Maintenance, Repair, and Operations (MRO) Market Analysis
    12.1    Market by Provider
    12.2    Market by End Use
    12.3    Market by Country
        12.3.1    Brazil
            12.3.1.1    Historical Trend (2018-2023) 
            12.3.1.2    Forecast Trend (2024-2032)
        12.3.2    Argentina
            12.3.2.1    Historical Trend (2018-2023) 
            12.3.2.2    Forecast Trend (2024-2032)
        12.3.3    Mexico
            12.3.3.1    Historical Trend (2018-2023) 
            12.3.3.2    Forecast Trend (2024-2032)
        12.3.4    Others
13    Middle East and Africa Maintenance, Repair, and Operations (MRO) Market Analysis
    13.1    Market by Provider
    13.2    Market by End Use
    13.3    Market by Country
        13.3.1    Saudi Arabia
            13.3.1.1    Historical Trend (2018-2023) 
            13.3.1.2    Forecast Trend (2024-2032)
        13.3.2    United Arab Emirates
            13.3.2.1    Historical Trend (2018-2023) 
            13.3.2.2    Forecast Trend (2024-2032)
        13.3.3    Nigeria
            13.3.3.1    Historical Trend (2018-2023) 
            13.3.3.2    Forecast Trend (2024-2032)
        13.3.4    South Africa
            13.3.4.1    Historical Trend (2018-2023) 
            13.3.4.2    Forecast Trend (2024-2032)
        13.3.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Airgas, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Applied Industrial Technologies
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Electrocomponents plc
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    W.W. Grainger, Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Lawson Products, Inc
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    WESCO International, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Wolseley Limited
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    ERIKS N.V
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Johnson Controls
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Wurth Group
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Caterpillar Inc.
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Maintenance, Repair, and Operations (MRO) Market: Key Industry Highlights, 2018 and 2032
2.    Global Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Provider (USD Million), 2018-2023
3.    Global Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Provider (USD Million), 2024-2032
4.    Global Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by End Use (USD Million), 2018-2023
5.    Global Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by End Use (USD Million), 2024-2032
6.    Global Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Maintenance, Repair, and Operations (MRO) Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 747.61 billion.

The market is projected to grow at a CAGR of 2.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 922.70 billion by 2032.         

The major drivers of the market, 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 market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific. 

The leading providers in the market 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 market are Airgas, Inc., Applied Industrial Technologies, RS Group plc, Distribution Solutions Group, Inc., WESCO International, Inc., Ferguson Enterprises, LLC., Johnson Controls International Plc, Adolf Würth GmbH & Co. KG, W.W. Grainger, Inc., among others.

Analyst Review

The global maintenance, repair, and operations (MRO) market attained a value of USD 747.61 billion in 2023, 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 2024-2032, growing at a CAGR of 2.4%. The market is projected to reach USD 922.70 billion by 2032.       

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

Purchase Full Report

Mini Report

$ 2475     $1999
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 3849     $3499
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 4949     $4499
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 6049     $5499
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
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.

NEWSLETTER