MRO Distribution Market Report Statistics

• Global MRO distribution market revenue is estimated to reach USD 796.2 Billion by 2030 with a CAGR of 2.5% from 2022 to 2030
• North America MRO distribution market share accounted for over 35% shares in 2021
• Based on application, chemicals accounted for over 18% of the overall market share in 2021
• Asia-Pacific MRO distribution market growth will attain fastest CAGR with over 3% from 2022 to 2030
• According to the IBEF 2030 forecast, India has the ability to develop into a global manufacturing hub, contributing more than US$ 500 billion to the global economy annually by 2030
• Increasing number of manufacturing facilities fuels the global MRO distribution market value

Maintenance, repair, and operating supply (MRO) refers to the maintenance, upkeep, and upgrade supplies that are needed by companies that manufacture or distribute products. These are the supplies utilized in the production process and are not the direct part of the end product themselves.

Global MRO Distribution Market Dynamics

Market Drivers

• Growing number of manufacturing facilities
• Rising concern for increasing internal efficiency
• Increasing demand for machine maintenance and service operations

Market Restraints

• Mounting price pressures on the distributors
• Lack of awareness in emerging economies

Market Opportunities

• Rapidly growing digitalization
• Growing investment in maintenance operations

MRO Distribution Market Report Coverage

MRO Distribution Market Dynamics

The rising concern for increasing internal efficiency, ongoing digitalization, and simultaneously increasing investment in maintenance operations by end-use companies are some of the factors driving the market growth. The benefit associated with MRO includes a reduction in operational expenditure, through process efficiency and optimized supply chain management which is another factor increasing demand among end-user companies. In turn, many market players are expanding their presence and capacity to cater to expanding customer base across the globe. The accelerating adoption of smart technologies in manufacturing environmental companies supports the development of mobile apps to ensure overall management by enabling the real-time monitoring and full traceability of components and smart devices.

MRO Distribution Market Segmentation

The worldwide maintenance, repair, and overhaul (MRO) distribution market is split based on order type, application, and geography.

MRO Distribution Market By Order Type

• Bearings & Power Transmission
• Pipes, Valves & Fittings
• Electrical Items
• Packaging Supplies
• Machine Consumables
• Others

According to our MRO distribution industry analysis, machine consumables accounted for a significant market share in 2021. The exceeding capacities of machines and over usage with respect to machines' abilities are the leading factors that are propelling the segmental growth. However, the electrical items sub-segment is anticipated to witness a substantial growth rate from 2022 to 2030. The rising digitalization and increasing implementation of automation in various end-use industries will fuel the segmental demand in the coming years.

MRO Distribution Market By Application

• Chemicals
• Transportation
• Food, Beverage & Tobacco
• Textile, Apparel & Footwear
• Wood & Paper
• Mining, Oil & Gas
• Basic Metals & Metal Products
• Rubber, Plastic, and Non-Metallic Products
• Pharmaceuticals
• Electronics
• Others

As per the MRO distribution market forecast, chemical industries occupied a considerable market share from 2022 to 2030. The high share in the industry is credited to the increasing chemical industries across the world. The complex functions of machines required to process chemicals and increasing safety concerns among chemical industries are the two big factors that will spur the demand of the chemical sector. On the other hand, the pharmaceutical sub-segment is likely to achieve a quick growth rate from 2022 to 2030. The advent of the COVID-19 pandemic and the rising prevalence of chronic disorders have encouraged pharma leaders to either establish new facilities or upgrade their existing fleet of machinery used in manufacturing pharmaceuticals.

MRO Distribution Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Latin America

• Mexico
• Brazil
• Rest of Latin America

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

The Middle East & Africa (MEA)

• Gulf Cooperation Council (GCC)
• South Africa
• Rest of the Middle East & Africa

MRO Distribution Market Regional Analysis

Europe accounted for the maximum revenue share in 2021

In 2021, Europe led the market with maximum revenue share owing to the commercial availability of the MRO products and skilled workforce for services across the major economies of the region. The growing demand for maintenance, repair, and service operations in manufacturing and industrial activities across the major countries including Norway, Sweden, Germany, and Finland is creating a wide scope for the development of industrial and manufacturing activities in Europe. Some of the industry verticals in Europe have adopted integrated service concepts, particularly to improvise the quality of service and equipment that have major contribution or usage in critical operations. This concept has also helped the respective industries to reduce their cost of maintenance and repair.

Furthermore, the region is followed by North America in the revenue share (%), where the US dominated the regional market value. The various initiatives led by manufacturers to attain optimum efficiency as well as to eliminate the downtime are supporting the regional market value. Maintenance, repair & overhaul (MRO) distribution is considered as one of the critical components of the industry to strengthen a company’s business, in terms of production volumes, and meet the desired demand.

Asia Pacific is anticipated to exhibit fastest growth over the forecast period from 2022 to 2030

Asia Pacific is estimated to experience the fastest growth over the forecast period from 2022 to 2030 with a major revenue share (%). The major economies of the region including China, India, Singapore, and Japan are the major revenue and growth contributors. Significant growth is expected from the developing economies of the region due to improving manufacturing, industrialization, automation, and digitization sectors. The increasing growth in the manufacturing sector bolsters the requirement for maintenance in order to keep equipment and process running smoothly is another factor boosting the regional market value.

MRO Distribution Market Players

Some of the key players in the market are ABB Group, Ascendum, Cromwell Group, Graco, Inc., Lindberg & Lund AS, Mento AS, Rohde & Schwarz, Schneider Electric, Valeo Services UK Ltd, and WABCO. The major players are continuously making efforts the development of advance solutions to treat the end user more effectively particularly for cutting down their maintenance costs associated with the supply chain and repair.