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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 Trends
The market is also being driven by the thriving digitalisation and the rising demand for increased efficiency in businesses. The digital revolution in MRO is being driven by the adoption of technologies such as the Internet of Things (IoT), blockchain, artificial intelligence (AI), robotics, AR/VR, digital twins, and 3D printing. These technologies are increasing the efficiency of MRO operations and reducing downtime, which is thereby influencing the maintenance, repair, and operations (MRO) market growth.
Moreover, digitalisation is creating a continuous stream of data flowing through the MRO supply chain, enabling better visibility, and predictive maintenance. Digital MRO solutions like Lufthansa Technik's AVIATAR platform are providing global access, faster troubleshooting, improved time management, and reduced costs. Mobile apps are also transforming the MRO sector by improving cycle time and revenue.
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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