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MRO Market for the Manufacturing Industry by Product, Sector - Global Forecast to 2030

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    Report

  • 231 Pages
  • January 2023
  • Region: Global
  • Meticulous Market Research Pvt. Ltd.
  • ID: 5715970
MRO Market for the Manufacturing Industry by Product (Plant Facilities, Automation Equipment, Robots, CNC Equipment), Sector (Consumer Products, Food & Beverage, Automotive, Electronics & Semiconductors) - Global Forecast to 2030.

The research report titled, ‘MRO Market for the Manufacturing Industry by Product (Plant Facilities, Automation Equipment, Robots, CNC Equipment), Sector (Consumer Products, Food & Beverage, Automotive, Electronics & Semiconductors) - Global Forecast to 2030’, provides an in-depth analysis of the MRO market for the manufacturing industry in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecasts till 2030. The global MRO market for the manufacturing industry is projected to reach $49.65 billion by 2030, at a CAGR of 7.8% during the forecast period of 2023-2030.

The growth of this market is attributed to the growing need to reduce maintenance costs & unplanned downtimes and the proliferation of digital transformation in MRO processes. In addition, the increasing demand for remote maintenance & repair and the emergence of 5G technology is expected to create market growth opportunities.

This market is segmented based on Product (Plant Facilities, Automation Equipment, Robots, CNC Equipment), Sector (Consumer Products, Food & Beverage, Automotive, Electronics & Semiconductors), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on product, in 2022, the plant facilities segment accounted for the largest share of the MRO market for the manufacturing industry. The large market share of this segment is attributed to the increasing focus on industry 4.0, leading to more manufacturing facilities and the growing need for efficiency in the supply chain.

Based on sector, in 2022, the consumer products segment accounted for the largest share of the MRO market for the manufacturing industry. The large market share of this segment is attributed to the increasing demand for cost-effective consumer goods manufacturing maintenance services and the growing adoption of predictive maintenance services.

Based on geography, the MRO market for the manufacturing industry is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific accounted for the largest share of the MRO market for the manufacturing industry. However, the Middle East & Africa is expected to witness rapid growth during the forecast period due to the growing number of government initiatives, the advent of Industry 4.0, increasing industrial production, rising adoption of industrial automation, and rising investments in cutting-edge technologies.

The global MRO market for the manufacturing industry is consolidated and dominated by a few major players, namely, Siemens AG (Germany), WESCO International, Inc. (U.S.), ERIKS N.V. (Netherlands), SDI, Inc. (U.S.), ICR Services (U.S.), RS Group PLC (U.K.), Global Electronic Services, Inc. (U.S.), Advanced Technology Services, Inc. (U.S.), NRTC Alabama, Inc. (U.S.), PSI Repair Services, Inc. (U.S.), K+S Services (U.S.), OMRON Corporation (Japan), Yokogawa Electric Corporation (Japan), Hayley Group Limited (U.K.), Electronix Services (Ireland), Sika Interplant Systems Limited (India), AMETEK, INC (U.S.), ATLAS COPCO AB (Sweden), and SWIFTSHIPS LLC (U.S.).

Key questions answered in the report:

  • Which are the high-growth market segments in terms of product, end-use industry, and region?
  • What is the historical market size of the MRO market for the manufacturing industry across the globe?
  • What are the market forecasts and estimates for the period 2023-2030?
  • What are the major drivers, restraints, and opportunities in the global MRO market for the manufacturing industry?
  • Who are the major players in the global MRO market for the manufacturing industry, and what are their market shares?
  • Who are the major players in various countries, and what are their market shares?
  • How is the competitive landscape?
  • What are the recent developments in the global MRO market for the manufacturing industry?
  • What are the different strategies adopted by major players in the global MRO market for the manufacturing industry?
  • What are the geographical trends in high-growth countries?
  • Who are the local emerging players in the global MRO market for the manufacturing industry, and how do they compete with the other players?

Scope of the Report:

MRO Market For the Manufacturing Industry, by Product

  • Plant Facilities
  • Maintenance
  • Spare Parts
  • Equipment Refurbishment
  • Automation Equipment
  • Maintenance
  • Spare Parts
  • Equipment Refurbishment
  • Robots
  • Maintenance
  • Spare Parts
  • Equipment Refurbishment
  • CNC Equipment
  • Maintenance
  • Spare Parts
  • Equipment Refurbishment

MRO Market For the Manufacturing Industry, by Sector

  • Pharmaceuticals
  • Medical Devices
  • Food & Beverage
  • Consumer Products
  • Electronics/Semiconductors
  • Automotive
  • Ship Building
  • Aerospace & Defense
  • Energy & Power
  • Oil & Gas
  • Chemical
  • Metal & Mining
  • Others Sectors

MRO Market For the Manufacturing Industry, by Geography

  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Singapore
  • Indonesia
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Ireland
  • Rest of Europe
  • North America
  • U.S.
  • Canada
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • Israel
  • UAE
  • Rest of Middle East & Africa

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency & Limitation
1.3.1 Currency
1.3.2 Limitations
1.4 Key Stakeholders

2. Research Methodology
2.1 Research Approach
2.2 Data Collection & Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Assessment
2.3.1 Market Size Estimation
2.3.1.1 Bottom-up Approach
2.3.1.2 Top-down Approach
2.3.1.3 Growth Forecast
2.4 Assumptions for the Study

3. Executive Summary
3.1 Overview
3.2 Market Analysis, by Product
3.3 Market Analysis, by Sector
3.4 Market Analysis, by Geography
3.5 Competitive Analysis

4. Market Insights
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Proliferation of Digital Transformation in MRO Processes
4.2.1.2 Growing Need to Reduce Maintenance Costs & Unplanned Downtime
4.2.2 Opportunities
4.2.2.1 Increasing Demand for Remote Maintenance & Repair Systems
4.2.2.2 Emergence of 5G Technology
4.2.3 Challenges
4.2.3.1 Shortage of Skilled Workforce
4.2.4 Trends
4.2.4.1 Digital MRO

5. Impact of COVID-19 on the MRO Market for the Manufacturing Industry

6. MRO Market for the Manufacturing Industry, by Product
6.1 Introduction
6.2 Plant Facilities
6.3 Automation Equipment
6.4 Robots
6.5 CNC Equipment

7. MRO Market for the Manufacturing Industry, by Sector
7.1 Introduction
7.2 Consumer Products
7.3 Food & Beverage
7.4 Automotive
7.5 Electronics & Semiconductors
7.6 Shipbuilding
7.7 Aerospace & Defense
7.8 Energy & Power
7.9 Oil & Gas
7.10 Chemicals
7.11 Metals & Mining
7.12 Pharmaceuticals
7.13 Medical Devices
7.14 Other Sectors

8. MRO Market for the Manufacturing Industry, by Geography
8.1 Asia-Pacific
8.1.1 China
8.1.2 Japan
8.1.3 India
8.1.4 South Korea
8.1.5 Singapore
8.1.6 Indonesia
8.1.7 Rest of Asia-Pacific
8.2 Europe
8.2.1 U.K.
8.2.2 Germany
8.2.3 France
8.2.4 Italy
8.2.5 Spain
8.2.6 Ireland
8.2.7 Rest of Europe
8.3 North America
8.3.1 U.S.
8.3.2 Canada
8.4 Latin America
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Rest of Latin America
8.5 Middle East & Africa
8.5.1 Israel
8.5.2 UAE
8.5.3 Rest of the Middle East & Africa

9. MRO Market for the Manufacturing Industry-Competitive Landscape
9.1 Introduction
9.2 Key Growth Strategies
9.3 Competitive Dashboard
9.4 Vendor Market Positioning
9.5 Market Ranking, By Key Player

10. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1 Siemens AG
10.2 WESCO International, Inc.
10.3 ERIKS N.V. (A Part of SHV Holdings N.V)
10.4 SDI, Inc.
10.5 ICR Services
10.6 Global Electronic Services, Inc.
10.7 Advanced Technology Services, Inc.
10.8 NRTC Alabama, Inc.
10.9 PSI Repair Services, Inc.
10.10 K+S Services
10.11 Hayley Group Limited
10.12 Electronix Services
10.13 OMRON Corporation
10.14 Yokogawa Electric Corporation
10.15 Swiftships LLC
10.16 Sika Interplant Systems Limited
10.17 Ametek, Inc.
10.18 Atlas Copco AB

11. Appendix
11.1 Questionnaire
11.2 Available Customization

Companies Mentioned

  • Siemens AG (Germany)
  • WESCO International Inc. (U.S.)
  • ERIKS N.V. (Netherlands)
  • SDI Inc. (U.S.)
  • ICR Services (U.S.)
  • RS Group PLC (U.K.)
  • Global Electronic Services Inc. (U.S.)
  • Advanced Technology Services Inc. (U.S.)
  • NRTC Alabama Inc. (U.S.)
  • PSI Repair Services Inc. (U.S.)
  • K+S Services (U.S.)
  • OMRON Corporation (Japan)
  • Yokogawa Electric Corporation (Japan)
  • Hayley Group Limited (U.K.)
  • Electronix Services (Ireland)
  • Sika Interplant Systems Limited (India)
  • AMETEK Inc (U.S.)
  • ATLAS COPCO AB (Sweden)
  • SWIFTSHIPS LLC (U.S.).