MRO Distribution Market (By Type: Electrical Items, Pipes, Valves, Machine Consumables, Valves & Fittings, Packaging Supplies, Bearings & Power Transmission; By Application: Food & Beverages, Wood & Paper, Machinery & Equipment, Mining, Footwear & Apparel, Metals, Chemicals, Pharmaceuticals, Rubber, Electronics, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global MRO distribution market size was estimated at USD 640 billion in 2021 and is expected to reach over USD 839.42 billion by 2032, poised to grow at a CAGR of 2.80% from 2023 to 2032.
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The Europe MRO distribution market size was valued at USD 256 billion in 2022 and is predicted to grow around USD 332.52 billion by 2032, at a CAGR of 2.6% between 2023 to 2032.
Europe dominated the global MRO distribution market in 2022. The major growth of the Europe is contributed by the major industries such as automotive, coal, metal, plastic goods, chemicals, electric equipment, and textile. The food and beverages industry in Europe is further expected to drive the growth of the MRO distribution market owing to the rapidly growing international demand for the specialty food products like bakery products and pasta. The rising demand for the various food products is fueling the production of packaged food and beverages, which in turn is expected to fuel the growth of the MRO distribution market in Europe. The chemicals industry in Europe caters to various industries such as pharmaceuticals, perfumery, and fine chemicals. The easy availability of the hydroelectricity in Europe has encouraged the establishment of various manufacturing plants in the region, which has exponential contributions in the growth of the MRO distribution market.
Asia Pacific is estimated to be the fastest-growing market during the forecast period. Asia Pacific is considered to be a major manufacturing region of the spare parts. The significantly growing manufacturing industry in the region, rapid industrialization, rapid digitalization, and automation are the major factors that are expected to foster the MRO distribution market growth in the region. The strong growth of the automation, industrialization, and smart production in the nations like China and India makes the Asia Pacific region, one of the fastest-growing MRO distribution market around the globe. Countries like India and China are heavily investing in industry 4.0 in IoT and Industry IoT is expected to drive the MRO distribution market in Asia Pacific during the forecast period.
The global maintenance, repair, and overhaul distribution market is primarily driven by the rising demand for the service operations, maintenance, and repair in the industrial and manufacturing sectors. The growing industrialization and the government initiatives and regulatory frameworks for attracting FDIs in several developing and underdeveloped nations like China, Brazil, Vietnam, and India is significantly boosting the growth of the global MRO distribution market. The availability of skilled labors and MRO products for the MRO services has created growth opportunities for the market players. The rising concerns for increasing the internal efficiency and rising investments in the operations related to maintenance have favored the MRO distribution market growth. The MRO services helps in reducing the operational costs by increasing the efficiency, which is fueling the demand for the MRO distribution across the industries. Moreover, the expansion of various industries across various locations in order to cater to a large consumer base, the demand for the MRO services in various industries such as food & beverages, chemicals, pharmaceuticals, and electronics is growing rapidly.
The rising adoption of the MRO in the manufacturing sector is significantly propelling the market growth. Cyclical fluctuations, rising demand for reducing costs, growing focus on improving product quality, and growing market maturity are several crucial factors that boosts the adoption of the MRO in the manufacturing sector. The rising demand for increasing the return on net assets in the manufacturing sector is spurring the demand for the MRO across the globe. Moreover, the aim of achieving consistency in manufacturing, reducing overall power consumption, process optimization, and adherence to the strict regulatory norms is exponentially driving the growth of the MRO distribution market across the globe. Moreover, the rising demand for the electronic products across the globe is indirectly resulting in the burgeoning demand for the MRO services in the global electronic industry.
Report Coverage | Details |
Market Size | USD 839.42 billion by 2032 |
Growth Rate From 2023 to 2032 | CAGR of 2.80% |
Largest Market | Europe |
Fastest Growing Market | Asia Pacific |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Segments Covered |
|
Companies Mentioned | Cromwell Group, WABCO, Lindberg & Lund AS, ABB Group, Ascendum, Rohde & Schwarz, Graco, Inc., Valeo Services UK Ltd., Mento AS, Schneider Electric |
Based on the type, the machine consumables segment dominated the global MRO distribution market, garnering a market share of over 30% in 2022. The exceeding capacities of machine and wear and tear of machine parts over time are the major factors that influence the growth of this segment. The growing demand for the maintenance, improving efficiency, and extending life cycle of the machines at the manufacturing and the industrial units has fostered the growth of the machine consumables in the past years.
On the other hand, the electronics segment is estimated to be the most opportunistic segment during the forecast period. The proliferation of digital technologies, and rising adoption of smart electronic devices across multiple industries are the several factors that boosts the electronics MRO distribution market across the globe. The expansion activities of the top manufacturing companies and the rising usage of the electronics in the manufacturing facilities across the globe is fueling the growth of this segment.
The machinery & equipment segment dominated the market in 2022 with over 13% of the market share. The production of the machinery & equipment is among the most competitive segments. The manufacturing of large machines and equipment, which has a huge demand across various industries has fueled the growth of this segment. The developed markets like Europe and North America are among the top manufacturing regions in the globe. The rapid growth of the manufacturing industries across the globe has propelled the market growth in the past years.
The pharmaceuticals segment is expected to be the fastest-growing segment during the forecast period. The rising government initiatives and investments for the development of new facilities for the treatment of various diseases related to respiratory and circulatory systems is fueling the growth of this segment across the globe.
Top Companies
The various developmental strategies like mergers, acquisitions, partnerships, and new product launches with latest and innovative features fosters market growth and offers lucrative growth opportunities to the market players.
Segments Covered in the Report
By Type
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on MRO Distribution Market
5.1. COVID-19 Landscape: MRO Distribution Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global MRO Distribution Market, By Product
8.1. MRO Distribution Market, by Product Type, 2023-2032
8.1.1. Electrical Items
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Pipes
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Valves
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Machine Consumables
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Valves & Fittings
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Packaging Supplies
8.1.6.1. Market Revenue and Forecast (2020-2032)
8.1.7. Bearings & Power Transmission
8.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global MRO Distribution Market, By Application
9.1. MRO Distribution Market, by Application, 2023-2032
9.1.1. Food & Beverages
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Wood & Paper
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Machinery & Equipment
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Mining
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Footwear & Apparel
9.1.5.1. Market Revenue and Forecast (2020-2032)
9.1.6. Metals
9.1.6.1. Market Revenue and Forecast (2020-2032)
9.1.7. Chemicals
9.1.7.1. Market Revenue and Forecast (2020-2032)
9.1.8. Pharmaceuticals
9.1.8.1. Market Revenue and Forecast (2020-2032)
9.1.9. Rubber
9.1.9.1. Market Revenue and Forecast (2020-2032)
9.1.10. Electronics
9.1.10.1. Market Revenue and Forecast (2020-2032)
9.1.11. Others
9.1.11.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global MRO Distribution Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. Cromwell Group
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. WABCO
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Lindberg & Lund AS
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. ABB Group
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Ascendum
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Rohde & Schwarz
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Graco, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Valeo Services UK Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Mento AS
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Schneider Electric
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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