North America MRO Distribution Market Size, Share & Trends Analysis Report By Product (Power Transmission, Automation), By End Use (Food, Beverage & Tobacco)- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

The North America MRO Distribution market size was valued at US$ 150.7 billion in 2021 and is expected to hit US$ 188.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 2.7% from 2022 to 2030.

Key Takeaways:

  • Power transmission-pneumatics are expected to witness the fastest growth from 2022 to 2030 on account of the rising utilization of automated transmission in manufacturing facilities
  • The food, beverage, & tobacco end-use industry accounted for a revenue share of 14.05% in 2021 owing to the increased focus of key companies on improvements in machine capabilities for enhanced food production
  • Minnesota and Missouri were the major contributors to the region’s overall product demand owing to increased investments in the manufacturing and transportation sectors
  • The manufacturing sector in Canada is anticipated to witness the fastest growth as the majority of the manufacturers are planning to invest in new equipment and machinery to gain a competitive advantage
  • Moreover, manufacturers are trying to expand their customer reach through e-commerce platforms to access a wide range of categories, with significant expertise in the industry

Growth Factors:

Various initiatives by manufacturers to attain optimum efficiency are expected to drive North America maintenance, repair, and overhaul (MRO) distribution market growth over the forecast period. MRO distribution is one of the critical components of the industry, which is necessary to eliminate downtime. As a result, industries initiate multiple scheduled and preventive maintenance processes. Industries, where supply activities have little direct accountability, might be driven by stock-outs rather than any overarching supply chain plan.

The U.S. exhibits one of the largest MRO sectors in the world and is characterized by the presence of several leading companies. The overall market highlights strategies, such as mergers, acquisitions, joint ventures, and collaborations, to strengthen a company’s business, in terms of production volumes, and meet the desired demand. The manufacturing sector has been worst hit by the current pandemic as manufacturers of non-essential goods have shut down their production facilities in compliance with the government norms for lockdown. This further led to a domino effect on the industry, which has also suspended operations across all the major economies.

Fast delivery and maintenance service plays a major role in gaining clients’ confidence. In addition, beneficial product replacement policies and bulk order discounts are lucrative opportunities for end-use companies. Furthermore, the price can be a major factor deciding the choice of supplier for small- and medium-scale businesses. The market is characterized by the presence of a large number of end-use industries in the region, which decreases the bargaining power of the buyers.

 

Report Scope of the North America MRO Distribution Market

Report Coverage

Details

Market Size in 2021

USD 150.7 Billion

Revenue Projection By 2030

USD 188.9 Billion

Growth Rate

CAGR of 2.7% from 2022 to 2030

Base Year

2021

Historical data

2017 - 2020

Forecast Period

2022 to 2030

Segments Covered

Product, end use, region 

Companies Mentioned

Hillman Group, Inc.; Wajax Industrial Components; FCX Performance; SBP Holdings; R.S. Hughes Co., Inc.; DGI Supply; Lawson Products, Inc.; AWC; Hisco, Inc.; Kimball Midwest; Bisco Industries; Kaydon Corporation; BDI

 

Product Insights

The hydraulic power transmission led the market for MRO distribution and accounted for more than a 12.3% share of the overall revenue in 2021. The hydraulic systems are installed in heavy machinery to ease the lifting and contracting operations. MRO operations related to the hydraulic systems are costly as compared to the other components used in the overall MRO services owing to the expensive mechanism. The repair and maintenance of the machinery in facilities across several industries are anticipated to positively affect the market for fastener replacement. Failure of fasteners can directly affect the machine operations severely, thus requiring regular maintenance. The most widely utilized fasteners include nuts, bolts, screws, rivets, grommets, cable ties, nails, and pins.

The electric power transmission segment is expected to witness a significant CAGR of 3.6% in the market for MRO distribution over the forecast period on account of the extensive use of electric components in manufacturing mechanisms to ease the transmission operations. These components include switches, current devices, fuses, circuits, and other electrical components clubbed with the mechanical assemblies. The rubber products used in maintenance, repair, and overhaul activity include rubber hoses, O-rings, rubber pads, and other products. These products are utilized widely in sealing applications, where they are used in the conjunction of two or more components. Advantages, such as better grip, effective sealing, and shock resistance, are the factors promoting the product demand.

End-use Insights

The chemical manufacturing end-use segment led the market for MRO distribution in 2021 and accounted for a revenue share of more than 18.2%. The U.S. has been one of the attractive locations for the chemicals manufacturers to operate, with capital spending in the sector surging 21% in 2018 and reaching over USD 44.6 billion, which has benefited the market and the trend is expected to continue over the forecast period. The textile industry is expected to generate the least of demands for MRO products from the distributors as compared to the other end-use industries. Less complicated machinery and instrument used in the manufacturing process have limited the component replacement activities for the industry. However, the maintenance and replacement of the essential machinery components are likely to support the market for MRO distribution component distribution.

The electrical and electronics segment is expected to register a CAGR of 2.6% in the market for MRO distribution from 2022 to 2030. The rising need for advanced technology equipment in household and commercial applications has compelled the manufacturers to make necessary adoptions in the production processes. This has influenced the market for MRO distribution. Rising shale gas operations in the region are further expected to build several facilities across the region, thereby, supporting the component distribution. The increase in domestic onshore oil and gas production and shale gas transportation are expected to propel the demand for MRO activities in the facilities.

Regional Insights

The U.S. dominated the North America Maintenance, Repair, and Overhaul (MRO) market and accounted for over 89.0% of the overall revenue share in 2021. The demand for MRO distribution in the country is primarily driven by the presence of OEMs. The industry is anticipated to progress at a significant rate owing to the growth of service industries in the country. The manufacturing sector in Canada is anticipated to witness considerable growth. Thus, the growing manufacturing of industrial machinery, owing to the rising demand from end-use industries, is expected to promote market growth in the country.

The size and growth of the manufacturing industry in California is marginally higher compared to other states. With the existing industry operations and moderate growth of the manufacturing sector, it is projected to witness significant demand for MRO equipment and machinery over the forecast period, thus pressurizing the distributors to meet the industry demands. The manufacturing industry in Kentucky is also a vital contributor to the region’s economy owing to its favorable geography and export-oriented economy. The development of a large number of new facilities and expansion projects are expected to aid the state’s manufacturing base to generate the demand for the products along with new equipment and machinery.

Key Companies & Market Share Insights

Major companies compete on the basis of distribution networks, delivery efficiency, and competitive pricing. The market is highly fragmented and is characterized by the presence of a large number of players. The product demand is highly dependent on the growth of the end-use industries and is expected to grow moderately due to the limited growth realized by the application industries. Quality, price, and efficiency in delivery are the major competitive factors that are expected to decide the choice of supplier for MRO. Some of the prominent players in the North America MRO distribution market include:

  • Hillman Group, Inc.
  • Wajax Industrial Components
  • FCX Performance
  • SBP Holdings
  • R.S. Hughes Co., Inc.
  • DGI Supply
  • Lawson Products, Inc.
  • AWC
  • Hisco, Inc.
  • Kimball Midwest
  • Bisco Industries
  • Kaydon Corporation
  • BDI

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 North America for the period of 2017 to 2030

  • By Product
    • Abrasives
    • Chemicals
    • Cutting Tools
    • Fasteners
    • Hand Tools
    • Pipes, Valves & Fitting
    • Power Tools
    • Power Transmission - Hydraulics
    • Power Transmission - Pneumatics
    • Power Transmission - Electrics
    • Rubber Products
    • Seal
    • Welding Equipment & Gases
    • Automation
    • Others
  • By End-use Outlook
    • Food, Beverage, & Tobacco
    • Textile
    • Wood & Paper
    • Mining, Oil, & Gas
    • Metal Processing & Foundry
    • Rubber, Plastic & Non-Metallic
    • Chemicals
    • Pharmaceuticals
    • Electrical & Electronics
    • Transportation
    • Construction
    • Others
  • Regional Outlook
    • North America
      • U.S.
        • New England
        • Mid-Atlantic
        • East North Central
        • West North Central
        • South Atlantic
        • East South Central
        • West South Central
        • West Region
      • Canada

Key Points Covered in North America MRO Distribution Market Study:

  • Growth of North America MRO Distribution in 2022
  • Market Estimates and Forecasts (2017-2030)
  • Brand Share and Market Share Analysis
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise
  • Competition Mapping and Benchmarking
  • Recommendation on Key Winning Strategies
  • COVID-19 Impact on Demand for North America MRO Distribution and How to Navigate
  • Key Product Innovations and Regulatory Climate
  • North America MRO Distribution Consumption Analysis
  • North America MRO Distribution Production Analysis
  • North America MRO Distribution and Management

 Chapter 1. Methodology and Scope
                 1.1. Market Segmentation & Scope
                 1.2. Market Definition
                 1.3. Information Procurement
                       1.3.1. Purchased Database
                       1.3.2. Nova one advisor’s Internal Database
                       1.3.3. Secondary Sources & Third-Party Perspectives
                       1.3.4. Primary Research
                 1.4. Information Analysis
                       1.4.1. Data Analysis Models
                 1.5. Market Formulation & Data Visualization
                 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                 2.1. Market Outlook
                 2.2. Segmental Outlook
                 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
                 3.1. Market Segmentation
                 3.2. Industry Value Chain Analysis
                 3.3. Market Dynamics
                       3.3.1. Market Driver Analysis
                       3.3.2. Market Restraint Analysis
                 3.4. Business Environmental Tools Analysis: North America MRO distribution market
                       3.4.1. Porter’s Five Forces Analysis
                             3.4.1.1. Bargaining Power of Suppliers
                             3.4.1.2. Bargaining Power of Buyers
                             3.4.1.3. Threat of Substitution
                             3.4.1.4. Threat of New Entrants
                             3.4.1.5. Competitive Rivalry
                       3.4.2. PESTLE Analysis
                             3.4.2.1. Political Landscape
                             3.4.2.2. Economic Landscape
                             3.4.2.3. Social Landscape
                             3.4.2.4. Technology Landscape
                             3.4.2.5. Environmental Landscape
                             3.4.2.6. Legal Landscape
Chapter 4. North America MRO Distribution Market: Product Estimates & Trend Analysis
                 4.1. North America MRO Distribution Market: Product Movement Analysis, 2021 & 2030
                 4.2. Abrasives
                       4.2.1. Market estimates and forecasts, 2017 - 2030  
                 4.3. Chemicals
                       4.3.1. Market estimates and forecasts, 2017 - 2030  
                 4.4. Cutting Tools
                       4.4.1. Market estimates and forecasts, 2017 - 2030  
                 4.5. Fasteners
                       4.5.1. Market estimates and forecasts, 2017 - 2030  
                 4.6. Hand Tools
                       4.6.1. Market estimates and forecasts, 2017 - 2030  
                 4.7. Pipes, Valves & Fitting
                       4.7.1. Market estimates and forecasts, 2017 - 2030  
                 4.8. Power Tools
                       4.8.1. Market estimates and forecasts, 2017 - 2030  
                 4.9. Power Transmission - Hydraulics
                       4.9.1. Market estimates and forecasts, 2017 - 2030  
                 4.10. Power Transmission - Pneumatics
                       4.10.1. Market estimates and forecasts, 2017 - 2030  
                 4.11. Power Transmission - Electrics
                       4.11.1. Market estimates and forecasts, 2017 - 2030  
                 4.12. Rubber Products
                       4.12.1. Market estimates and forecasts, 2017 - 2030  
                 4.13. Seal
                       4.13.1. Market estimates and forecasts, 2017 - 2030  
                 4.14. Welding Equipment & Gases
                       4.14.1. Market estimates and forecasts, 2017 - 2030  
                 4.15. Automation
                       4.15.1. Market estimates and forecasts, 2017 - 2030  
                 4.16. Others
                       4.16.1. Market estimates and forecasts, 2017 - 2030  
Chapter 5. North America MRO Distribution Market: End-use Estimates & Trend Analysis
                 5.1. North America MRO Distribution Market: End-Use Movement Analysis, 2021 & 2030
                       5.1.1. Market estimates and forecasts, 2017 - 2030  
                 5.2. Food, Beverage, & Tobacco
                       5.2.1. Market estimates and forecasts, 2017 - 2030  
                 5.3. Textile
                       5.3.1. Market estimates and forecasts, 2017 - 2030  
                 5.4. Wood & Paper
                       5.4.1. Market estimates and forecasts, 2017 - 2030  
                 5.5. Mining, Oil, & Gas
                       5.5.1. Market estimates and forecasts, 2017 - 2030  
                 5.6. Metal Processing & Foundry
                       5.6.1. Market estimates and forecasts, 2017 - 2030  
                 5.7. Rubber, Plastic & Non-Metallic
                       5.7.1. Market estimates and forecasts, 2017 - 2030  
                 5.8. Chemicals
                       5.8.1. Market estimates and forecasts, 2017 - 2030  
                 5.9. Pharmaceuticals
                       5.9.1. Market estimates and forecasts, 2017 - 2030  
                 5.10. Electrical & Electronics
                       5.10.1. Market estimates and forecasts, 2017 - 2030  
                 5.11. Transportation
                       5.11.1. Market estimates and forecasts, 2017 - 2030  
                 5.12. Construction
                       5.12.1. Market estimates and forecasts, 2017 - 2030  
                 5.13. Others
                       5.13.1. Market estimates and forecasts, 2017 - 2030  
Chapter 6. North America MRO Distribution Market: Regional Estimates & Trend Analysis
                 6.1. Regional Movement Analysis & Market Share, 2021 & 2030
                 6.2. North America MRO Distribution Market: Regional Movement Analysis, 2021 & 2030
                 6.3. North America
                       6.3.1. Market estimates and forecasts, 2017 - 2030  
                       6.3.2. Market estimates and forecasts, by product, 2017 - 2030  
                       6.3.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                       6.3.4. U.S.
                             6.3.4.1. Market estimates and forecasts, 2017 - 2030  
                             6.3.4.2. Market estimates and forecasts, by product, 2017 - 2030  
                             6.3.4.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                             6.3.4.4. New England
                                   6.3.4.4.1. Market estimates and forecasts, 2017 - 2030  
                                   6.3.4.4.2. Market estimates and forecasts, by product, 2017 - 2030  
                                   6.3.4.4.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                             6.3.4.5. Mid-Atlantic
                                   6.3.4.5.1. Market estimates and forecasts, 2017 - 2030  
                                   6.3.4.5.2. Market estimates and forecasts, by product, 2017 - 2030  
                                   6.3.4.5.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                             6.3.4.6. East North Central
                                   6.3.4.6.1. Market estimates and forecasts, 2017 - 2030  
                                   6.3.4.6.2. Market estimates and forecasts, by product, 2017 - 2030  
                                   6.3.4.6.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                             6.3.4.7. West North Central
                                   6.3.4.7.1. Market estimates and forecasts, 2017 - 2030  
                                   6.3.4.7.2. Market estimates and forecasts, by product, 2017 - 2030  
                                   6.3.4.7.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                             6.3.4.8. South Atlantic
                                   6.3.4.8.1. Market estimates and forecasts, 2017 - 2030  
                                   6.3.4.8.2. Market estimates and forecasts, by product, 2017 - 2030  
                                   6.3.4.8.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                             6.3.4.9. East South Central
                                   6.3.4.9.1. Market estimates and forecasts, 2017 - 2030  
                                   6.3.4.9.2. Market estimates and forecasts, by product, 2017 - 2030  
                                   6.3.4.9.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                             6.3.4.10. West South Central
                                   6.3.4.10.1. Market estimates and forecasts, 2017 - 2030  
                                   6.3.4.10.2. Market estimates and forecasts, by product, 2017 - 2030  
                                   6.3.4.10.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                             6.3.4.11. West Region
                                   6.3.4.11.1. Market estimates and forecasts, 2017 - 2030  
                                   6.3.4.11.2. Market estimates and forecasts, by product, 2017 - 2030  
                                   6.3.4.11.3. Market estimates and forecasts, by end-use, 2017 - 2030  
                       6.3.5. Canada
                             6.3.5.1. Market estimates and forecasts, 2017 - 2030  
                             6.3.5.2. Market estimates and forecasts, by product, 2017 - 2030  
                             6.3.5.3. Market estimates and forecasts, by end-use, 2017 - 2030  
Chapter 7. Competitive Landscape
                 7.1. Key Global Players, Their Initiatives, & Its Impact on the Market
                 7.2. Vendor Landscape
                 7.3. Company Market Position Analysis
                 7.4. Company Dashboard Analysis
                 7.5. Strategic Framework
Chapter 8. Company Profiles
                 8.1. Hillman Group, Inc.
                       8.1.1. Company overview
                       8.1.2. Financial performance
                       8.1.3. Product benchmarking
                       8.1.4. Strategic initiatives
                 8.2. Wajax Industrial Components
                       8.2.1. Company overview
                       8.2.2. Financial performance
                       8.2.3. Product benchmarking
                       8.2.4. Strategic initiatives
                 8.3. FCX Performance
                       8.3.1. Company overview
                       8.3.2. Financial performance
                       8.3.3. Product benchmarking
                       8.3.4. Strategic initiatives
                 8.4. SBP Holdings
                       8.4.1. Company overview
                       8.4.2. Financial performance
                       8.4.3. Product benchmarking
                       8.4.4. Strategic initiatives
                 8.5. R.S. Hughes Co., Inc.
                       8.5.1. Company overview
                       8.5.2. Financial performance
                       8.5.3. Product benchmarking
                       8.5.4. Strategic initiatives
                 8.6. DGI Supply
                       8.6.1. Company overview
                       8.6.2. Financial performance
                       8.6.3. Product benchmarking
                       8.6.4. Strategic initiatives
                 8.7. Lawson Products, Inc.
                       8.7.1. Company overview
                       8.7.2. Financial performance
                       8.7.3. Product benchmarking
                       8.7.4. Strategic initiatives
                 8.8. AWC
                       8.8.1. Company overview
                       8.8.2. Financial performance
                       8.8.3. Product benchmarking
                       8.8.4. Strategic initiatives
                 8.9. Hisco, Inc.
                       8.9.1. Company overview
                       8.9.2. Financial performance
                       8.9.3. Product benchmarking
                       8.9.4. Strategic initiatives
                 8.10. Kimball Midwest
                       8.10.1. Company overview
                       8.10.2. Financial performance
                       8.10.3. Product benchmarking
                       8.10.4. Strategic initiatives
                 8.11. Bisco Industries
                       8.11.1. Company overview
                       8.11.2. Financial performance
                       8.11.3. Product benchmarking
                       8.11.4. Strategic initiatives
                 8.12. Kaydon Corporation
                       8.12.1. Company overview
                       8.12.2. Financial performance
                       8.12.3. Product benchmarking
                       8.12.4. Strategic initiatives
                 8.13. BDI
                       8.13.1. Company overview
                       8.13.2. Financial performance
                       8.13.3. Product benchmarking
                       8.13.4. Strategic initiatives

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