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Maintenance Repair and Operations (MRO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global maintenance repair and operations (MRO) market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Maintenance, repair and operations (MRO) refer to the processes undertaken by organizations to ensure smooth functioning of the tools and equipment. It involves conducting periodic functional checks, servicing and replacing of necessary machinery and building infrastructure for optimal operational efficiency. MRO processes ensure that the facilities, equipment, systems and tools are stocked, maintained and safe to use. They aid in improving workflow management, employee safety and minimizing downtime and repair frequencies. MRO also provides prompt alerts for the replacement of organizational components before defects arise.  As a result, MRO finds extensive application across various industries, such as construction, chemical, pharmaceutical, manufacturing, mining, automotive, aerospace, defense and food and beverage.

Maintenance Repair and Operations (MRO) Market Trends:

The increasing demand for enhanced organizational efficiency across industries is one of the key factors driving the growth of the market. This can also be attributed to the rising adoption of professional services as MRO aids in significantly optimizing supply chain management and process efficiencies. Additionally, the widespread product utilization in the manufacturing industry is favoring the market growth. MRO is utilized to prevent cyclical fluctuations in equipment and monitor the upkeep of industrial equipment, consumables, furniture and plant supplies. Moreover, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and predictive maintenance solutions, are providing a thrust to the market growth. In line with this, the increasing product demand for the maintenance of aircraft components and identification of structural damages, defects and dents is positively impacting the market growth. Other factors, including significant growth in the e-commerce industry, along with the implementation of various government initiatives to reduce overall energy consumption and practice lean manufacturing, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global maintenance repair and operations (MRO) market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on provider, MRO type and technology

Breakup by Provider:

  • OEM
  • Aftermarket
     

Breakup by MRO Type:

  • Industrial MRO
  • Electrical MRO
  • Facility MRO
     

Breakup by Technology:

  • 3D Printing
  • AR/VR
  • Artificial Intelligence
  • Robotics
  • Big Data Analytics
  • Internet of Things
  • Predictive Maintenance
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Adolf Würth GmbH & Co. KG, Airgas Inc. (Air Liquide S.A), Applied Industrial Technologies Inc., Cromwell Group Holdings Ltd. (W. W. Grainger Inc.), Electrocomponents PLC, Eriks NV (SHV Holdings), Genuine Parts Company, Graybar Electric Company Inc., Hayley Group Limited (Descours et Cabaud SA), Lawson Products Inc., Rexel and Wesco International Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Provider, MRO Type, Technology, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Adolf Würth GmbH & Co. KG, Airgas Inc. (Air Liquide S.A), Applied Industrial Technologies Inc., Cromwell Group Holdings Ltd. (W. W. Grainger Inc.), Electrocomponents PLC, Eriks NV (SHV Holdings), Genuine Parts Company, Graybar Electric Company Inc., Hayley Group Limited (Descours et Cabaud SA), Lawson Products Inc., Rexel and Wesco International Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global maintenance repair and operations (MRO) market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global maintenance repair and operations (MRO) market?
  • What are the key regional markets?
  • What is the breakup of the market based on the provider?
  • What is the breakup of the market based on the MRO type?
  • What is the breakup of the market based on the technology?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global maintenance repair and operations (MRO) market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Maintenance Repair and Operations (MRO) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Provider
    6.1    OEM
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Aftermarket
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by MRO Type
    7.1    Industrial MRO
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Electrical MRO
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Facility MRO
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Others
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Technology
    8.1    3D Printing
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    AR/VR
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Artificial Intelligence
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Robotics
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Big Data Analytics
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Internet of Things
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Predictive Maintenance
        8.7.1 Market Trends
        8.7.2 Market Forecast
    8.8    Others
        8.8.1 Market Trends
        8.8.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Adolf Würth GmbH & Co. KG
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    Airgas Inc. (Air Liquide S.A.)
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Applied Industrial Technologies Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Cromwell Group Holdings Ltd. (W. W. Grainger Inc.)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Electrocomponents PLC
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Eriks NV (SHV Holdings)
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Genuine Parts Company
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    Graybar Electric Company Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 SWOT Analysis
        14.3.9    Hayley Group Limited (Descours et Cabaud SA)
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Lawson Products Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    Rexel
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Wesco International Inc.
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Maintenance Repair and Operations Market: Major Drivers and Challenges
Figure 2: Global: Maintenance Repair and Operations Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Maintenance Repair and Operations Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Maintenance Repair and Operations Market: Breakup by Provider (in %), 2021
Figure 5: Global: Maintenance Repair and Operations Market: Breakup by MRO Type (in %), 2021
Figure 6: Global: Maintenance Repair and Operations Market: Breakup by Technology (in %), 2021
Figure 7: Global: Maintenance Repair and Operations Market: Breakup by Region (in %), 2021
Figure 8: Global: Maintenance Repair and Operations (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Maintenance Repair and Operations (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Maintenance Repair and Operations (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Maintenance Repair and Operations (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Maintenance Repair and Operations (Industrial MRO) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Maintenance Repair and Operations (Industrial MRO) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Maintenance Repair and Operations (Electrical MRO) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Maintenance Repair and Operations (Electrical MRO) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Maintenance Repair and Operations (Facility MRO) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Maintenance Repair and Operations (Facility MRO) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Maintenance Repair and Operations (Other MRO Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Maintenance Repair and Operations (Other MRO Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Maintenance Repair and Operations (3D Printing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Maintenance Repair and Operations (3D Printing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Maintenance Repair and Operations (AR/VR) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Maintenance Repair and Operations (AR/VR) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Maintenance Repair and Operations (Artificial Intelligence) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Maintenance Repair and Operations (Artificial Intelligence) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Maintenance Repair and Operations (Robotics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Maintenance Repair and Operations (Robotics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Maintenance Repair and Operations (Big Data Analytics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Maintenance Repair and Operations (Big Data Analytics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Maintenance Repair and Operations (Internet of Things) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Maintenance Repair and Operations (Internet of Things) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Maintenance Repair and Operations (Predictive Maintenance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Maintenance Repair and Operations (Predictive Maintenance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Maintenance Repair and Operations (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Maintenance Repair and Operations (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: North America: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: North America: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: United States: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: United States: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Canada: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Canada: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia-Pacific: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia-Pacific: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: China: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: China: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Japan: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Japan: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: India: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: India: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: South Korea: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: South Korea: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Australia: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Australia: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Indonesia: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Indonesia: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Others: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Others: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Europe: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Europe: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Germany: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Germany: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: France: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: France: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: United Kingdom: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: United Kingdom: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Italy: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Italy: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Spain: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Spain: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Russia: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Russia: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Latin America: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Latin America: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Brazil: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Brazil: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Mexico: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Mexico: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Others: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Others: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Middle East and Africa: Maintenance Repair and Operations Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Middle East and Africa: Maintenance Repair and Operations Market: Breakup by Country (in %), 2021
Figure 84: Middle East and Africa: Maintenance Repair and Operations Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Global: Maintenance Repair and Operations Industry: SWOT Analysis
Figure 86: Global: Maintenance Repair and Operations Industry: Value Chain Analysis
Figure 87: Global: Maintenance Repair and Operations Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Maintenance Repair and Operations Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Maintenance Repair and Operations Market Forecast: Breakup by Provider (in Million US$), 2022-2027
Table 3: Global: Maintenance Repair and Operations Market Forecast: Breakup by MRO Type (in Million US$), 2022-2027
Table 4: Global: Maintenance Repair and Operations Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Maintenance Repair and Operations Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Maintenance Repair and Operations Market: Competitive Structure
Table 7: Global: Maintenance Repair and Operations Market: Key Players

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