According to the latest report by IMARC Group, titled “Maintenance Repair and Operations (MRO) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global maintenance repair and operations (MRO) market reached a value of US$ 626.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 747.7 Billion by 2027. Maintenance, repair and operations (MRO) include numerous tools and activities that are associated with the daily operations of businesses. They consist of powered and manual tools and computer numerical control (CNC) devices that are widely utilized to conduct periodic assessments. As a result, their utilization ensures that the systems and facilities are safe to use and maintained in a proper manner. Consequently, they are extensively adopted across construction, defense, mining and aerospace industries.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Maintenance Repair and Operations (MRO) Market Trends:
The global market is primarily driven by rapid industrialization, especially in the developing regions. This is supported by the increasing production processes that have led to the rising demand for MRO tools, thereby creating a positive outlook for the maintenance repair and operations (MRO) market across the globe. Along with this, the increasing need to enhance product quality while minimizing operational costs has encouraged numerous businesses to heavily invest in the deployment of MRO equipment, which is providing a boost to the market growth on the global level. Other factors, including rapid digitization and cyclical fluctuations in new equipment sales, are contributing to the market growth further.
Global Maintenance Repair and Operations (MRO) Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
- Adolf Wurth 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.
- Wesco International Inc.
Breakup by Provider:
Breakup by MRO Type:
- Industrial MRO
- Electrical MRO
- Facility MRO
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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