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Report Overview
The global MRO market was valued at USD 765.55 Billion in 2025. It is expected to grow at a CAGR of 2.40% from 2026 to 2035, reaching approximately USD 970.45 Billion by 2035.
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
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There’s a shift towards repairing parts rather than replacing them, driven by sustainability concerns. This generates demand for MRO products.
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The growth of predictive maintenance, including the use of sensors and IoT, is expected to advance the MRO sector. Predictive maintenance reduces downtime and saves costs by replacing components before visible defects appear.
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Industries with diverse and complex equipment like aviation, manufacturing, and energy require MRO products and services.
Leading Companies in the Maintenance, Repair, and Operations (MRO) Market
Market players are focused on improving service quality, leveraging technological advancements like IoT to optimise asset performance, outsourcing maintenance services, and asset lifecycle management
Air Liquide S.A. (Airgas, Inc.) was founded in 1982 and is headquartered in Pennsylvania, United States. It is a leading supplier of industrial, medical, and speciality gases, welding equipment and supplies, safety products, atmospheric gases, carbon dioxide, dry ice, nitrous oxide, ammonia, and process chemicals.
Ferguson Enterprises, LLC was founded in 1953 and is headquartered in Virginia, United States. It is a prominent distributor of plumbing supplies, PVF, waterworks, fire and fabrication products, HVAC equipment, and industrial products and services.
Rubix Group International Limited was founded in 1920. The company is headquartered in London, United Kingdom. The company supplies industrial maintenance and repairing products, including bearings, power transmission components, tools, overhaul, and other equipment.
Hayley Group Limited was founded in 1976 and is headquartered in Nevada, United States. The company supplies industrial maintenance and repairing products, including engineering components, consumables, and related support services.
Other key players in the global maintenance, repair, and operations (MRO) market include Genuine Parts Company, Applied Industrial Technologies Inc., W.W. Grainger, Inc., ERIKS N.V, RS Group plc, and Adolf Würth GmbH & Co. KG, among others.
Maintenance, Repair, and Operations (MRO) Market Report Snapshots
*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.*
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Key Questions Answered in the Report
In 2025, the market attained a value of nearly USD 765.55 Billion.
The market is assessed to grow at a CAGR of 2.40% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach about USD 970.45 Billion by 2035.
Key drivers of the MRO market include the need to reduce disruptions, anticipate and rectify issues, improve inventory management, enhance safety, and increase productivity. MRO is crucial for cost management, productivity, safety, and overall business.
Key trends aiding market expansion include the adoption of professional services, rising standardisation of equipment and services within critical manufacturing operations and launch of smart industries, which use predictive maintenance, like sensors and IoT.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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.
Key players in the market are Air Liquide S.A. (Airgas, Inc.), Ferguson Enterprises, LLC., Rubix Group International Limited, Hayley Group Limited, Genuine Parts Company, Applied Industrial Technologies Inc., W.W. Grainger, Inc., ERIKS N.V, RS Group plc, and Adolf Würth GmbH & Co. KG, among others.
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