Peru Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2025-2034

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

The Peru maintenance, repair, and operations (MRO) market size reached approximately USD 3.43 billion in 2023. The market is projected to grow at a CAGR of 2.3% between 2024 and 2032, reaching a value of around USD 4.21 billion by 2032.

Maintenance, Repair, and Operations (MRO) refers to the various activities, processes, and tasks involved in ensuring that machinery, equipment, infrastructure, and facilities within a business or organisation are properly maintained, repaired, and kept operational.

Efficient MRO management is crucial for businesses to minimise downtime, optimise productivity, and control costs associated with maintenance and repairs.

Key Trends in the Market

• Peru's sustained economic growth driving industrial expansion across sectors like mining, manufacturing, agriculture, and infrastructure has significantly aided the maintenance, repair, and operations (MRO) market growth in Peru. This growth has propelled the demand for MRO services to maintain and enhance the operational efficiency of machinery, equipment, and infrastructure across key sectors.

• Peruvian industries are increasingly adopting digital solutions for MRO activities. Technologies like IoT (Internet of Things), predictive maintenance analytics, and asset management systems are gaining traction. These advancements enable proactive maintenance, reducing downtime and optimising asset performance.

• The continued rise of collaboration between MRO service providers and Original Equipment Manufacturers (OEMs) is one of the most prevalent trends in the maintenance, repair, and operations (MRO) market in Peru. Such partnerships ensure access to specialised expertise, genuine parts, and comprehensive support, optimising equipment performance and longevity.

Furthermore, after the COVID-19 induced economic downturn, there has been a notable surge in the outsourcing of Maintenance, Repair, and Operations (MRO) services. This trend has been driven by companies’ efforts to reduce expenses related to inventory and specialised labour.

• With the increasing digitisation of industries and rising utilisation of advanced sensors and analysis, the adoption of condition-based maintenance (CBM) techniques is expected to significantly surge, contributing to the Peru maintenance, repair, and operations (MRO) market demand. CBM, refers to the system of conducting maintenance activities based on the actual condition of the equipment, thus performing maintenance only when necessary. It can further utilise real-time data to predict equipment failures and schedule maintenance activities, allowing for cost-effective and timely repairs while maximising equipment uptime.

Market Segmentation

Based on provider, the market can be bifurcated into OEM and aftermarket. The maintenance, repair, and operations (MRO) market segmentation, based on end-use, includes manufacturing, construction, electrical, mining, aerospace and defence, automotive, food and beverages, pharmaceuticals, chemicals, and oil and gas, among 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. The Peru maintenance, repair, and operations (MRO) market report by EMR offers a detailed analysis of the following key players, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Henkel Peruana S.A.

• ABB Ltd.

• Seman Perú SAC

• SGS Société Générale de Surveillance SA.

• Stork Technical Services Holding B.V.

• LASSAC AERO

• Others

Market Share by Provider

According to the analysis of maintenance, repair, and operations (MRO)  market in Peru, OEM (Original Equipment Manufacturer) MRO services are rising in demand owing to the increasing focus of industrial players on optimising operations and ensuring the reliability of their equipment. These services are preferred due to their expertise in maintaining and repairing machinery to exact specifications, which helps in maximising efficiency and minimising downtime.

Moreover, OEM MRO services often come with warranties and assurances of quality. Businesses in Peru value these assurances as they provide peace of mind regarding the reliability and longevity of the repaired or maintained equipment.

Market Share by End-Use

The rapid expansion of the manufacturing sector is expected to significantly influence the Peru maintenance, repair, and operations (MRO) market share in the coming years. The key industrial sectors of Peru are increasingly focused on prolonging the lifespan of their equipment and optimising their performance. Regular maintenance and timely repairs help in preventing breakdowns, reducing downtime, and maximising the efficiency of machinery and infrastructure.

Peruvian industries are subject to stringent safety regulations and compliance standards. Adhering to these regulations requires regular maintenance and upkeep of equipment, driving the demand for MRO services that ensure compliance and safety.

Competitive Landscape

Henkel Peruana S.A. is a subsidiary of the global company Henkel AG & Co. KGaA, headquartered in Germany. In Peru, Henkel operates across various sectors, offering a diverse range of products in adhesive technologies, beauty care, and laundry and home care. The company focuses on providing innovative solutions in adhesives, sealants, and surface treatments for industrial and consumer applications.

ABB Ltd. is a multinational corporation headquartered in Switzerland, specialising in technology and automation. It operates in multiple segments, including electrification, robotics and discrete automation, motion, and industrial automation. ABB provides solutions for industries such as utilities, transportation, infrastructure, and industrial sectors worldwide.

Seman Perú SAC is a company operating in Peru, primarily focusing on specific industrial sectors, including manufacturing, construction, and infrastructure. It offers products and services related to materials handling, including conveyor belts, industrial hoses, and components for machinery. The company is renowned for its expertise in providing solutions for material handling and aims to cater to the needs of diverse industries with its range of specialised products and services.

Other players operating in the Peru maintenance, repair, and operations (MRO) market are SGS Société Générale de Surveillance SA., Stork Technical Services Holding B.V., and LASSAC AERO, among others.

Key Highlights of the Report