MRO Distribution Market Share Analysis Report, 2022-2030
The global MRO distribution market size was estimated at USD 635.5 billion in 2021 and is expected to reach over USD 798.6 billion by 2030, poised to grow at a CAGR of 2.6% from 2021 to 2030.
Growth Factors:
The global maintenance, repair, and overhaul distribution market is primarily driven by the rising demand for the service operations, maintenance, and repair in the industrial and manufacturing sectors. The growing industrialization and the government initiatives and regulatory frameworks for attracting FDIs in several developing and underdeveloped nations like China, Brazil, Vietnam, and India is significantly boosting the growth of the global MRO distribution market. The availability of skilled labors and MRO products for the MRO services has created growth opportunities for the market players. The rising concerns for increasing the internal efficiency and rising investments in the operations related to maintenance have favored the MRO distribution market growth. The MRO services helps in reducing the operational costs by increasing the efficiency, which is fueling the demand for the MRO distribution across the industries. Moreover, the expansion of various industries across various locations in order to cater to a large consumer base, the demand for the MRO services in various industries such as food & beverages, chemicals, pharmaceuticals, and electronics is growing rapidly.
The rising adoption of the MRO in the manufacturing sector is significantly propelling the market growth. Cyclical fluctuations, rising demand for reducing costs, growing focus on improving product quality, and growing market maturity are several crucial factors that boosts the adoption of the MRO in the manufacturing sector. The rising demand for increasing the return on net assets in the manufacturing sector is spurring the demand for the MRO across the globe. Moreover, the aim of achieving consistency in manufacturing, reducing overall power consumption, process optimization, and adherence to the strict regulatory norms is exponentially driving the growth of the MRO distribution market across the globe. Moreover, the rising demand for the electronic products across the globe is indirectly resulting in the burgeoning demand for the MRO services in the global electronic industry.
Scope of the MRO Distribution Market
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Report Coverage |
Details |
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Market Size |
USD 798.6 billion by 2030 |
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Growth Rate From 2021 to 2030 |
CAGR of 2.6% |
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Largest Market |
Europe |
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Fastest Growing Market |
Asia Pacific |
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Base Year |
2021 |
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Forecast Period |
2022 to 2030 |
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Segments Covered |
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Companies Mentioned |
Cromwell Group, WABCO, Lindberg & Lund AS, ABB Group, Ascendum, Rohde & Schwarz, Graco, Inc., Valeo Services UK Ltd., Mento AS, Schneider Electric |
North America MRO Distribution Market Growth & Trends
The North America MRO distribution market size is expected to reach USD 189.5 Billion by 2030, registering a CAGR of 3.5%, according to a new report by nova one advisor, Inc. Increasing product penetration in the manufacturing industry on account of standardization of critical services and equipment is expected to drive the market growth. Moreover, increasing product demand from other end-use industries is also likely to support market growth. The periodic maintenance, repair, and overhaul (MRO) activities help reduce overall costs and enhance the productivity of the industrial operations, which is expected to drive their demand.
The MRO distribution or supply chain was traditionally considered an indirect component of industrial operations. The lack of focus and investments in MRO processes in the past resulted in the slow growth of the industry. However, the recent global pandemic has contributed to raising awareness regarding crisis management of the supply chain in the manufacturing industry, which is expected to benefit the market growth. The value chain of this market includes manufacturers, specialists, generalists, partnerships, integrated supply, and retailers. Manufacturers play a major role across the value chain, by possessing definitive control over the market as they monitor the product pricing. They usually command pricing on a customer-by-customer basis rather than on a distributor-by-distributor basis.
Europe MRO Distribution Market Growth & Trends
The Europe MRO distribution market size is expected to reach USD 260.16 billion by 2030, registering a CAGR of 2.9%, according to a new report by nova one advisor, Inc. The rise in scheduled maintenance and increasing investments in repair operations are expected to ascend the market growth over the forecast period.
Prominent European industries have adopted integrated repair, maintenance, and operation service concepts for improvements in the equipment and services in critical operations. Many industrial units adopted this change post-recession period and are likely to continue in the projected time. Therefore, the demand for Maintenance, Repair, & Overhaul (MRO) distribution is expected to remain high.
The untapped markets are benefitted owing to the emergence of e-commerce platforms in the European region, thus the penetration of MRO products in the region has escalated. Moreover, the established players in the region have adopted the strategy of acquiring small-scale players to enhance the market presence.
Major players in the regional market are employing several strategies focusing on digital marketing, pricing, product placement, and communication to improve supply channels and enhance sales operations. These enhanced sales processes and standardized sales tools are anticipated to upscale the MRO industry growth in the upcoming future.
Region Insights
Europe dominated the global MRO distribution market in 2020. The major growth of the Europe is contributed by the major industries such as automotive, coal, metal, plastic goods, chemicals, electric equipment, and textile. The food and beverages industry in Europe is further expected to drive the growth of the MRO distribution market owing to the rapidly growing international demand for the specialty food products like bakery products and pasta. The rising demand for the various food products is fueling the production of packaged food and beverages, which in turn is expected to fuel the growth of the MRO distribution market in Europe. The chemicals industry in Europe caters to various industries such as pharmaceuticals, perfumery, and fine chemicals. The easy availability of the hydroelectricity in Europe has encouraged the establishment of various manufacturing plants in the region, which has exponential contributions in the growth of the MRO distribution market.
Asia Pacific is estimated to be the fastest-growing market during the forecast period. Asia Pacific is considered to be a major manufacturing region of the spare parts. The significantly growing manufacturing industry in the region, rapid industrialization, rapid digitalization, and automation are the major factors that are expected to foster the MRO distribution market growth in the region. The strong growth of the automation, industrialization, and smart production in the nations like China and India makes the Asia Pacific region, one of the fastest-growing MRO distribution market around the globe. Countries like India and China are heavily investing in industry 4.0 in IoT and Industry IoT is expected to drive the MRO distribution market in Asia Pacific during the forecast period.
.Some of the prominent players in the MRO Distribution Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Type
By Application
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in MRO Distribution Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on MRO Distribution Market
5.1. COVID-19 Landscape: MRO Distribution Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global MRO Distribution Market, By Product
8.1. MRO Distribution Market, by Product Type, 2022-2030
8.1.1. Electrical Items
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Pipes
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Valves
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Machine Consumables
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Valves & Fittings
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Packaging Supplies
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Bearings & Power Transmission
8.1.7.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global MRO Distribution Market, By Application
9.1. MRO Distribution Market, by Application, 2022-2030
9.1.1. Food & Beverages
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Wood & Paper
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Machinery & Equipment
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Mining
9.1.4.1. Market Revenue and Forecast (2019-2030)
9.1.5. Footwear & Apparel
9.1.5.1. Market Revenue and Forecast (2019-2030)
9.1.6. Metals
9.1.6.1. Market Revenue and Forecast (2019-2030)
9.1.7. Chemicals
9.1.7.1. Market Revenue and Forecast (2019-2030)
9.1.8. Pharmaceuticals
9.1.8.1. Market Revenue and Forecast (2019-2030)
9.1.9. Rubber
9.1.9.1. Market Revenue and Forecast (2019-2030)
9.1.10. Electronics
9.1.10.1. Market Revenue and Forecast (2019-2030)
9.1.11. Others
9.1.11.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global MRO Distribution Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2019-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2019-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2019-2030)
Chapter 11. Company Profiles
11.1. Cromwell Group
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. WABCO
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Lindberg & Lund AS
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. ABB Group
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Ascendum
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Rohde & Schwarz
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Graco, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Valeo Services UK Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Mento AS
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Schneider Electric
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers