Skip to main content

Global Maintenance, Repair, and Operations (MRO) Market to Grow to $787.2 Billion by 2026 on the Back of Rapid Digitalisation and the Advent of the Internet of Things - ResearchAndMarkets.com

The "Maintenance, Repair, and Operations (MRO) Market 2021-2026 | Size, Share, Growth, Forecast" report has been added to ResearchAndMarkets.com's offering.

According to this report, 'Global Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2021-2026', the global maintenance, repair, and operations (MRO) market attained a value of USD 685.5 billion in 2020. Aided by rapid digitalisation and the emergence of internet of things (IoT), the market is projected to further grow at a CAGR of 2.3% between 2021 and 2026 to reach a value of USD 787.2 billion by 2026.

The MRO market is being driven by the technological advancements and increasing production processes in the various end-use industries such as aerospace and defense, manufacturing, construction, and food and beverage, among others. Maintenance and repair are integral aspects of any industry, as it prevents the chances of production of faulty components. The rising investments in the MRO by the major aerospace and defense companies, owing to the reduced operational expenditure through the process of efficiency and optimised supply chain management, is likely to augment the MRO market in the forecast period.

The market will further be aided by the rising demand for incrementing the internal efficiency, growing digitalisation, and increasing investment in the maintenance operations are some of the major factors aiding the market growth in the forecast period. In terms of region, the Asia Pacific accounts for a significant share in the market and is likely to witness a considerable growth in the forecast period, owing to the resurgence of the building and construction industry, post the COVID-19 pandemic. The market in the region will further be aided by the need to bolster the supply chain management in the food and beverage industry, owing to the rising population and thriving travel and tourism industry.

Market Segmentation

The market report analyses the market based on segmentations such as providers, end-uses, and major regions.

Based on provider, the market is segmented into:

  • OEM
  • Aftermarket

The significant end-uses of MRO include:

  • Manufacturing
  • Construction
  • Electrical
  • Facility
  • Mining
  • Aerospace and Defence
  • Automotive
  • Food and Beverages
  • Pharmaceuticals
  • Chemicals
  • Oil and Gas
  • Others

The regional markets for MRO include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry.

Some of the major players in the market explored in the report are:

  • Electrocomponents plc
  • WESCO International, Inc.
  • W.W. Grainger, Inc.
  • Lawson Products, Inc
  • Wolseley Limited
  • ERIKS N.V
  • Others

Key Topics Covered:

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

4 Key Assumptions

5 Executive Summary

6 Snapshot

7 Industry Opportunities and Challenges

8 Global Maintenance, Repair, and Operations (MRO) Market Analysis

9 Regional Analysis

10 Market Dynamics

11 Value Chain Analysis

12 Competitive Landscape

13 Industry Events and Developments

Companies Mentioned

  • Electrocomponents plc
  • WESCO International, Inc.
  • W.W. Grainger, Inc.
  • Lawson Products, Inc
  • Wolseley Limited
  • ERIKS N.V

For more information about this report visit https://www.researchandmarkets.com/r/3piqco

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com



For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.