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Market Share

Global Maintenance, Repair, and Operations (MRO) Market Size: By MRO Type: Industrial MRO, Electrical MRO, Facility MRO, Others; By Provider: OEM, Aftermarket; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Maintenance, Repair, and Operations (MRO) Market Share

OEMs leads the market as they have better expertise and offer high-quality and genuine parts

OEMs in the MRO market are known for their specialised knowledge and expertise in their products, offering high-quality maintenance services using genuine parts for optimal performance. They lead in technological advancements and innovation, ensuring reliable maintenance solutions.

 

On the other hand, the aftermarket segment provides alternative maintenance services outside of OEM offerings, catering to a wide range of industries with cost-effective solutions. While OEMs focus on quality assurance, aftermarket providers offer flexibility and price competitive options for maintenance and repair services.

 

Maintenance, Repair, and Operations (MRO) Market Report Snapshots

Maintenance, Repair, and Operations (MRO) Market Size

Maintenance, Repair, and Operations (MRO) Market Share

Maintenance, Repair, and Operations (MRO) Market Growth

Maintenance, Repair, and Operations (MRO) Market Trends

Maintenance, Repair, and Operations (MRO) Market Regional Analysis

Maintenance, Repair, and Operations (MRO) Companies

 

*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.

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 MRO Type
        8.4.1    Industrial MRO
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Electrical MRO   
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Facility MRO   
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Maintenance, Repair, and Operations (MRO) Market by Provider
        8.5.1    OEM
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032) 
        8.5.2    Aftermarket
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    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) 
            8.6.1.3    Breakup by MRO Type 
            8.6.1.4    Breakup by Provider
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032) 
            8.6.2.3    Breakup by MRO Type 
            8.6.2.4    Breakup by Provider
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032) 
            8.6.3.3    Breakup by MRO Type 
            8.6.3.4    Breakup by Provider
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032) 
            8.6.4.3    Breakup by MRO Type 
            8.6.4.4    Breakup by Provider
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032) 
            8.6.5.3    Breakup by MRO Type 
            8.6.5.4    Breakup by Provider
9    North America Maintenance, Repair, and Operations (MRO) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Maintenance, Repair, and Operations (MRO) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Maintenance, Repair, and Operations (MRO) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Maintenance, Repair, and Operations (MRO) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Maintenance, Repair, and Operations (MRO) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    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    Air Liquide S.A.  (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 Inc. 
            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    W.W. Grainger, Inc. 
            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    Adolf Würth GmbH & Co. KG 
            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    Rubix Group International Limited 
            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    ERIKS N.V. 
            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    Hayley Group 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    Genuine Parts Company 
            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    RS Group plc 
            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    Ferguson Enterprises, LLC 
            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    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 MRO Type (USD Billion), 2018-2023
3.    Global Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by MRO Type (USD Billion), 2024-2032
4.    Global Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Provider (USD Billion), 2018-2023
5.    Global Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Provider (USD Billion), 2024-2032
6.    Global Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Region (USD Billion), 2018-2023
7.    Global Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Region (USD Billion), 2024-2032
8.    North America Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2018-2023
9.    North America Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
10.    Europe Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    Europe Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Asia Pacific Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Asia Pacific Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Latin America Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Latin America Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Middle East and Africa Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Middle East and Africa Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Global Maintenance, Repair, and Operations (MRO) Market Structure

Key Questions Answered in the Report

In 2023, the maintenance, repair, and operations (MRO) market reached an approximate value of USD 747.61 billion.

The market is expected 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 USD 922.70 billion by 2032.

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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