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Maintenance, Repair, and Operations (MRO) Market 2021-2026 | Size, Share, Growth, Forecast

  • ID: 5438493
  • Report
  • August 2021
  • Region: Global
  • 80 Pages
  • Expert Market Research

FEATURED COMPANIES

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

MRO, which is abbreviated as maintenance, repair, and operation, is defined as the miscellaneous investment by firms in order to bolster the functioning of its operations and production process. MRO can also be defined as the set of operations and activities that are associated with the upkeep of plant or facility which can include the physical maintenance of the structure of a building, the systems which operate within the facility and the equipment used to carry out various functions in the facility. Significant amounts of operations take place in a facility or a plant, which require MRO for sustenance. MRO, include the products that are utilised during the production process such as the consumable which are laboratory equipment, cleaning, or office supplies, among others, machinery such as pumps, compressors, or valves, and maintenance tools such as lubricants, repair tools, gaskets, etc, among others. MRO is an integral part in various end-use industries including manufacturing, construction, aerospace, and automotive, among others.

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
Note: Product cover images may vary from those shown

FEATURED COMPANIES

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

2 Report Coverage - Key Segmentation and Scope

3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players

4 Key Assumptions

5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends

6 Snapshot
6.1 Global
6.2 Regional

7 Industry Opportunities and Challenges

8 Global Maintenance, Repair, and Operations (MRO) Market Analysis
8.1 Key Industry Highlights
8.2 Global Maintenance, Repair, and Operations (MRO) Historical Market (2016-2020)
8.3 Global Maintenance, Repair, and Operations (MRO) Market Forecast (2021-2026)
8.4 Global Maintenance, Repair, and Operations (MRO) Market by Provider
8.4.1 OEM
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Aftermarket
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Maintenance, Repair, and Operations (MRO) Market by End Use
8.5.1 Manufacturing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Construction
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Electrical
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Facility
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Mining
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.5.6 Aerospace and Defence
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2016-2020)
8.5.6.3 Forecast Trend (2021-2026)
8.5.7 Automotive
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2016-2020)
8.5.7.3 Forecast Trend (2021-2026)
8.5.8 Food and Beverages
8.5.8.1 Market Share
8.5.8.2 Historical Trend (2016-2020)
8.5.8.3 Forecast Trend (2021-2026)
8.5.9 Pharmaceuticals
8.5.9.1 Market Share
8.5.9.2 Historical Trend (2016-2020)
8.5.9.3 Forecast Trend (2021-2026)
8.5.10 Chemicals
8.5.10.1 Market Share
8.5.10.2 Historical Trend (2016-2020)
8.5.10.3 Forecast Trend (2021-2026)
8.5.11 Oil and Gas
8.5.11.1 Market Share
8.5.11.2 Historical Trend (2016-2020)
8.5.11.3 Forecast Trend (2021-2026)
8.5.12 Others
8.6 Global Maintenance, Repair, and Operations (MRO) Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa

9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others

10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price

11 Value Chain Analysis

12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Company Profiles
12.3.1 Electrocomponents plc
12.3.1.1 Company Overview
12.3.1.2 Product Portfolio
12.3.1.3 Demographic Reach and Achievements
12.3.1.4 Certifications
12.3.2 WESCO International, Inc.
12.3.2.1 Company Overview
12.3.2.2 Product Portfolio
12.3.2.3 Demographic Reach and Achievements
12.3.2.4 Certifications
12.3.3 W.W. Grainger, Inc.
12.3.3.1 Company Overview
12.3.3.2 Product Portfolio
12.3.3.3 Demographic Reach and Achievements
12.3.3.4 Certifications
12.3.4 Lawson Products, Inc
12.3.4.1 Company Overview
12.3.4.2 Product Portfolio
12.3.4.3 Demographic Reach and Achievements
12.3.4.4 Certifications
12.3.5 Wolseley Limited
12.3.5.1 Company Overview
12.3.5.2 Product Portfolio
12.3.5.3 Demographic Reach and Achievements
12.3.5.4 Certifications
12.3.6 ERIKS N.V
12.3.6.1 Company Overview
12.3.6.2 Product Portfolio
12.3.6.3 Demographic Reach and Achievements
12.3.6.4 Certifications
12.3.7 Others

13 Industry Events and Developments
Note: Product cover images may vary from those shown
  • Electrocomponents plc
  • WESCO International, Inc.
  • W.W. Grainger, Inc.
  • Lawson Products, Inc
  • Wolseley Limited
  • ERIKS N.V
Note: Product cover images may vary from those shown

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