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The global maintenance repair and operations (MRO) market was valued at US$ 626.2 Billion in 2021.
We expect the global maintenance repair and operations (MRO) market to exhibit a CAGR of 2.70%
The extensive utilization of maintenance repair and operations process, in improving workflow
management, enhancing employee safety, and minimizing repair frequencies, is currently driving the
global maintenance repair and operations (MRO) market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of maintenance repair
and operations software across several end-use industries, to remotely provide prompt alerts for the
replacement of the organizational components before defects arise.
Based on the provider, the global maintenance repair and operations (MRO) market has been
segmented into OEM and aftermarket. Currently, OEM holds the majority of the total market share.
Based on the MRO Type, the global maintenance repair and operations (MRO) market can be divided
into industrial MRO, electrical MRO, and facility MRO. Among these, industrial MRO represents the
largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global maintenance repair and operations (MRO) market include 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.
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