Maintenance, Repair and Operations (MRO) encompasses the processes, services and materials involved in ensuring the continued functionality, safety and efficiency of equipment, infrastructure and facilities. MRO is integral to operations across various industries, supporting the upkeep of machinery, electrical systems and physical environments.
The maintenance, repair and operations (MRO) market consists of revenues earned by entities (organizations, sole traders and partnerships) that include goods such as spare parts, consumables, tools and equipment, as well as services like inspection, diagnostics and repair. MRO activities are crucial for minimizing downtime, extending the lifecycle of assets and maintaining compliance with safety and operational standards.
The global maintenance, repair and operations market was valued at $636,424.90 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 1.00%.
Surge in Aviation and Aerospace Activities
During the historic period, the maintenance, repair and operations market was mainly driven by the surge in aviation and aerospace activities. The expansion of global air traffic, especially with the post-pandemic recovery of the aviation sector, has resulted in a significant rise in the demand for commercial aircraft and cargo planes. This increase in the number of operational aircraft has directly driven the need for more frequent routine maintenance, repair and operational services. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, in 2021, the global commercial aviation industry generated $509 billion in revenue, a 32.3% increase from the previous year. Also, in March 2023, according to the Bureau of Transportation Statistics, a US-based government agency, the number of passengers transported by American airlines surged by 30%, from 658 million in 2021 to 853 million in 2022. Therefore, the maintenance, repair and operations market was mainly driven by the surge in aviation and aerospace activities.
Development Of E-Commerce Platforms Transforming Customer Experience And Procurement Processes
Major companies in the maintenance, repair and operations (MRO) market are focusing on the development of innovative services, such as e-commerce platforms, to enhance customer experience, streamline procurement processes and improve operational efficiency. These platforms enable faster access to products, reduce lead times and offer tailored solutions for diverse industries. For instance, in December 2024, NorthSky Supply Inc., a US-based provider of a comprehensive range of maintenance, repair and operations (MRO) products, launched its eCommerce platform, to meet the maintenance, repair and operations (MRO) supply needs of U.S. businesses. Based in The Woodlands, Texas, this digital-first B2B distribution company offers a wide range of industrial supplies tailored for industries like light manufacturing and warehousing. Emphasizing quality and value, NorthSky utilizes innovative technology and a vast network of manufacturing partners to provide premium products at competitive prices. Their product lineup includes safety supplies, hand tools, measuring instruments and more.
The global maintenance, repair and operations market is fairly fragmented, with a large number of small players operating in the market.
Maintenance, Repair And Operations Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global maintenance, repair and operations market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for maintenance, repair and operations? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The maintenance, repair and operations market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider maintenance, repair and operations market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by MRO type, by provider and by end-user.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario - The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the maintenance, repair and operations market.
- Global Market Size And Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by MRO type, by provider and by end-user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for maintenance, repair and operations providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By MRO Type: Industrial MRO (Maintenance, Repair And Operations); Electrical MRO (Maintenance, Repair And Operations); Facility MRO (Maintenance, Repair And Operations); Other Types
- 2) By Provider: OEM (Original Equipment Manufacturer); Aftermarket
- 3) By End User: Manufacturing; Construction; Electrical; Facility; Aerospace And Defense; Automotive; Food And Beverages; Other End Users
- Companies Mentioned: W. W. Grainger Inc.; Sonepar SA; Daikin Industries, Ltd.; Lawson Inc.; Genuine Parts Company
- Countries: China; Australia; India; Indonesia; Japan; South Korea; Thailand; Vietnam, Malaysia; Singapore; Taiwan; USA; Canada; Brazil; Mexico; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; maintenance, repair and operations indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.