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The North America maintenance, repair, and operations (MRO) market size was valued at USD 116.75 billion in 2023. The market is further projected to grow at a CAGR of 2.3% between 2024 and 2032, reaching a value of USD 143.47 billion by 2032.
A key trend in the North America maintenance, repair, and operations (MRO) market is the adoption of smart technology to track performance and maintenance needs of equipment. Predictive maintenance, unlike traditional preventive maintenance uses sensors and smart technology to overcome inefficiencies of the traditional approach, such as unnecessary replacement of parts, excessive downtime and inaccurate inventory levels. With the advancement in technology, sensors and the Internet of Things (IoT) has become more accessible and inexpensive. This technological adoption allows manufacturers to efficiently track equipment performance and maintenance needs and identify and plan for maintenance, repair and replacement before visible defects occur.
According to the North America maintenance, repair, and operations (MRO) market analysis, MRO services are crucial in the aerospace and defence sector. The main activities of MRO providers include the maintenance, servicing and repairing of engines, components, and other systems. Additionally, services providers also engage in aircraft line maintenance, aircraft ferrying services, as well as inspection and testing services. In 2022, the Canadian aerospace manufacturing and MRO sectors contributed USD 9,220 million to the Canadian economy. The defence sector accounts for more than 25% of Canada’s MRO activities.
North America Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Provider:
Market Breakup by End Use:
Market Breakup by Country:
The key players in the maintenance, repair, and operations (MRO) market in North America are providing high-quality MRO services to increase the operational efficiency of the end use industries.
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:
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Breakup by Provider |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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
7 Opportunities and Challenges in the Market
8 Global Maintenance, Repair, and Operations (MRO) Market Overview
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 Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Maintenance, Repair, and Operations (MRO) Market Overview
9.1 Key Industry Highlights
9.2 North America Maintenance, Repair, and Operations (MRO) Historical Market (2018-2023)
9.3 North America Maintenance, Repair, and Operations (MRO) Market Forecast (2024-2032)
10 North America Maintenance, Repair, and Operations (MRO) Market by Provider
10.1 OEM
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Aftermarket
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 North America Maintenance, Repair, and Operations (MRO) Market by End Use
11.1 Manufacturing
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Construction
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Mining
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Aerospace and Defence
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Automotive
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Food and Beverages
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Pharmaceuticals
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Chemical
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
11.9 Oil and Gas
11.9.1 Historical Trend (2018-2023)
11.9.2 Forecast Trend (2024-2032)
11.10 Others
12 North America Maintenance, Repair, and Operations (MRO) Market by Country
12.1 United States of America
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Canada
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 General Electric Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Johnson Controls International plc
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Safran SA
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Rolls-Royce plc
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Caterpillar Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 AAR Corp.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Ferguson Enterprises, LLC
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Singapore Technologies Engineering Ltd.
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 WESCO International, Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Sonepar SAS
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 MRC Global Inc.
14.2.11.1 Company Overview
14.2.11.2 Product Portfolio
14.2.11.3 Demographic Reach and Achievements
14.2.11.4 Certifications
14.2.12 Others
15 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. North America Maintenance, Repair, and Operations (MRO) Market: Key Industry Highlights, 2018 and 2032
3. North America Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Provider (USD Billion), 2018-2023
4. North America Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Provider (USD Billion), 2024-2032
5. North America Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. North America Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. North America Maintenance, Repair, and Operations (MRO) Historical Market: Breakup by Country (USD Billion), 2018-2023
8. North America Maintenance, Repair, and Operations (MRO) Market Forecast: Breakup by Country (USD Billion), 2024-2032
9. North America Maintenance, Repair, and Operations (MRO) Market Structure
In 2023, the Kitchen appliances market reached an approximate value of USD 116.75 billion.
The market is expected to grow at a CAGR of 2.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 143.47 billion by 2032.
Maintenance, repair, and operations (MRO) covers all maintenance parts used to conduct repairs or to support production operations.
Preventively maintaining equipment reduces overall operating costs and lowers equipment downtime. Regular repairs and upkeep help to prevent parts and components from undergoing excessive wear and sudden failure.
The major drivers of the market include an expanding industrial activity, technological advancement in the MRO market, and an expanding aviation sector.
Key trends aiding market expansion include rising air travel and need to maintain the aircraft, presence of a large number of MRO service providers, and prevalence of predictive maintenance.
Major countries in the market are the United States of America and Canada.
The end use of maintenance, repair, and operations (MRO) is manufacturing, construction, mining, aerospace, and defence, automotive, food and beverages, pharmaceuticals, chemical, oil and gas, and others.
Key players in the market are General Electric Company, Johnson Controls International plc, Safran SA, Rolls-Royce plc, Caterpillar Inc., AAR Corp., Ferguson Enterprises, LLC, Singapore Technologies Engineering Ltd., WESCO International, Inc., Sonepar SAS, and MRC Global Inc., and others.
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