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Maintenance, Repair, and Operations (MRO) Market Outlook - Forecast Trends, Market Size, Share and Growth Analysis Report (2025-2034)

Published Aug 12, 2025
Length 157 Pages
SKU # EMAR20435449

Description

The global MRO market was valued at USD 747.61 Billion in 2024. It is expected to grow at a CAGR of 2.40% from 2025 to 2034, reaching approximately USD 947.71 Billion by 2034.

Maintenance, Repair, and Operations (MRO) Market Growth

Maintenance, repair, and operations (MRO) refer to the miscellaneous expenditure by firms to ensure the smooth functioning of its operations and production process. MRO products are generally utilised during the production process, such as consumables (laboratory equipment, cleaning, or office supplies), machinery (pumps, compressors, or valves), repair and maintenance tools (lubricants, repair tools, gaskets), and other miscellaneous products like fixtures, furniture , and computers.

The rapid industrialisation and infrastructure growth in emerging markets are fuelling MRO products and services demand as economies expand and require maintaining and upgrading existing infrastructure. Additionally, companies are also prioritising asset lifecycle management, optimising asset performance and extending operational lifespan, which fosters efficiency and cost-effectiveness and drives maintenance, repair, and operations (MRO) market expansion. The shift towards predictive maintenance, enabled by sensors and IoT, is also opening avenues for MRO providers to offer advanced solutions that align with industry needs for enhanced operational efficiency and cost savings.

Key Trends and Developments

Shift towards predictive maintenance, focus on asset lifecycle management, and demand for advanced maintenance management systems are boosting the maintenance, repair, and operations (MRO) market development

March 2024

Daikin announced the acquisition of BKF Klima in Denmark to strengthen its position in the Danish market and expand its Heating, Ventilation, and Air Conditioning (HVAC) offerings. This strategic move includes the establishment of new facilities in Brøndby, Denmark, such as a Daikin Training Center for installers and a Daikin Experience Center for consumers.

January 2023

Applied Industrial Technologies launched the fifth edition of its Applied Maintenance Supply & Solutions Master Product Catalogue, which features over 47,000 maintenance products specifically chosen for maintenance, repair, operations, and production (MROP) users.

January 2023

MSC Industrial Supply Co. acquired Buckeye Industrial Supply Co. and True-Edge Grinding Inc to strengthen its position as a prominent multichannel supplier of MRO products and services. These companies specialise in custom tool manufacturing, the distribution of metalworking and MRO products.

Shift towards predictive maintenance

In the aviation industry, airlines like Lufthansa Technik utilise predictive maintenance solutions that analyse data from aircraft sensors to predict component failures before they occur, enabling proactive maintenance, minimising aircraft downtime, and enhancing safety by preventing unexpected failures.

Focus on asset lifecycle management

Another significant trend shaping the maintenance, repair, and operations (MRO) market outlook is the focus on asset lifecycle management. ExxonMobil implement such strategies to optimise the performance and maintenance of their critical infrastructure, from drilling equipment to refineries, which helps in extending the lifespan of assets and enhance overall operational efficiency.

Increasing demand for sustainable and environmentally friendly solutions

In the automotive industry, companies like Tesla prioritise eco-friendly MRO practices, such as using recycled materials in vehicle repairs and implementing energy-efficient maintenance processes in their manufacturing facilities, which is driving the development of green MRO solutions.

Rising demand for advanced maintenance management systems

There is a rising demand for advanced maintenance management systems and companies like Siemens utilise advanced software that integrates IoT sensors and predictive analytics to monitor equipment health in real-time and schedule maintenance proactively.

Maintenance, Repair, and Operations (MRO) Market Trends

The market is also being driven by the thriving digitalisation and the rising demand for increased efficiency in businesses. The digital revolution in MRO is being driven by the adoption of technologies such as the Internet of Things (IoT), blockchain, artificial intelligence (AI), robotics, AR/VR, digital twins, and 3D printing. These technologies are increasing the efficiency of MRO operations and reducing downtime, which is thereby influencing the maintenance, repair, and operations (MRO) market growth.

Moreover, digitalisation is creating a continuous stream of data flowing through the MRO supply chain, enabling better visibility, and predictive maintenance. Digital MRO solutions like Lufthansa Technik's AVIATAR platform are providing global access, faster troubleshooting, improved time management, and reduced costs. Mobile apps are also transforming the MRO sector by improving cycle time and revenue.

Maintenance, Repair, and Operations (MRO) Industry Segmentation

The EMR’s report titled “Maintenance, Repair, and Operations (MRO) Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by MRO Type
  • Industrial MRO
  • Electrical MRO
  • Facility MRO
  • Others
Market Breakup by Provider
  • OEM
  • Aftermarket
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Maintenance, Repair, and Operations (MRO) Market Share

OEMs leads the market as they have better expertise and offer high-quality and genuine parts

OEMs in the MRO market are known for their specialised knowledge and expertise in their products, offering high-quality maintenance services using genuine parts for optimal performance. They lead in technological advancements and innovation, ensuring reliable maintenance solutions.

On the other hand, the aftermarket segment provides alternative maintenance services outside of OEM offerings, catering to a wide range of industries with cost-effective solutions. While OEMs focus on quality assurance, aftermarket providers offer flexibility and price competitive options for maintenance and repair services.

Leading Companies in the Maintenance, Repair, and Operations (MRO) Market

Market players are focused on improving service quality, leveraging technological advancements like IoT to optimise asset performance, outsourcing maintenance services, and asset lifecycle management

Air Liquide S.A. (Airgas, Inc.)

Air Liquide S.A. (Airgas, Inc.) was founded in 1982 and is headquartered in Pennsylvania, United States. It is a leading supplier of industrial, medical, and speciality gases, welding equipment and supplies, safety products, atmospheric gases, carbon dioxide, dry ice, nitrous oxide, ammonia, and process chemicals.

Ferguson Enterprises, LLC

Ferguson Enterprises, LLC was founded in 1953 and is headquartered in Virginia, United States. It is a prominent distributor of plumbing supplies, PVF, waterworks, fire and fabrication products, HVAC equipment, and industrial products and services.

Rubix Group International Limited

Rubix Group International Limited was founded in 1920. The company is headquartered in London, United Kingdom. The company supplies industrial maintenance and repairing products, including bearings, power transmission components, tools, overhaul, and other equipment.

Hayley Group Limited

Hayley Group Limited was founded in 1976 and is headquartered in Nevada, United States. The company supplies industrial maintenance and repairing products, including engineering components, consumables, and related support services.

Other key players in the global maintenance, repair, and operations (MRO) market include Genuine Parts Company, Applied Industrial Technologies Inc., W.W. Grainger, Inc., ERIKS N.V, RS Group plc, and Adolf Würth GmbH & Co. KG, among others.

Maintenance, Repair, and Operations (MRO) Market Analysis by Region

The Asia Pacific to witness a significant growth owing to the rising adoption of professional services

Asia Pacific dominates the market as the region is a manufacturing hub for spare parts, which are often supplied to other countries, owing to their cost-effectiveness. The introduction of advanced manufacturing techniques in the Asia Pacific, because of rising investments in R&D activities, is predicted to enhance the maintenance, repair, and operations (MRO) market growth further. Moreover, due to the COVID-19 pandemic, many companies that had investments in China are now shifting to other Asian countries, such as India and Taiwan, for their operations. This is expected to influence the market growth positively in the coming years.

Meanwhile, North American region with its presence of many manufacturing facilities and the increasing focus on industry development is expected to capture a growing maintenance, repair, and operations (MRO) market share. The region is also home to many major players in the market, including companies like W.W. Grainger, GE, and Rolls-Royce. The regions’ growth is further driven by the need for efficient maintenance practices and the adoption of advanced technologies like predictive maintenance and IoT.

More Insights On:

Europe Electric Motor, Drives, Alternators Repair and Maintenance Market Indonesia Maintenance, Repair, and Operations (MRO) Hangar Market North America Maintenance, Repair, and Operations (MRO) Market Electrical Maintenance, Repair, and Operations (MRO) Market Australia Maintenance, Repair, and Operations (MRO) Market Aircraft Maintenance, Repair, and Operations (MRO) Market MENA Maintenance, Repair, and Operations (MRO) Market Italy Maintenance, Repair, and Operation (MRO) Market North America Motor Repair and Maintenance Market Europe Maintenance, Repair, and Operations Market Motor Repair and Maintenance Market

Table of Contents

157 Pages
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Maintenance, Repair, and Operations (MRO) Market Analysis
5.1 Key Industry Highlights
5.2 Global Maintenance, Repair, and Operations (MRO) Historical Market (2018-2024)
5.3 Global Maintenance, Repair, and Operations (MRO) Market Forecast (2025-2034)
5.4 Global Maintenance, Repair, and Operations (MRO) Market by MRO Type
5.4.1 Industrial MRO
5.4.1.1 Historical Trend (2018-2024)
5.4.1.2 Forecast Trend (2025-2034)
5.4.2 Electrical MRO
5.4.2.1 Historical Trend (2018-2024)
5.4.2.2 Forecast Trend (2025-2034)
5.4.3 Facility MRO
5.4.3.1 Historical Trend (2018-2024)
5.4.3.2 Forecast Trend (2025-2034)
5.4.4 Others
5.5 Global Maintenance, Repair, and Operations (MRO) Market by Provider
5.5.1 OEM
5.5.1.1 Historical Trend (2018-2024)
5.5.1.2 Forecast Trend (2025-2034)
5.5.2 Aftermarket
5.5.2.1 Historical Trend (2018-2024)
5.5.2.2 Forecast Trend (2025-2034)
5.6 Global Maintenance, Repair, and Operations (MRO) Market by Region
5.6.1 North America
5.6.1.1 Historical Trend (2018-2024)
5.6.1.2 Forecast Trend (2025-2034)
5.6.1.3 Breakup by MRO Type
5.6.1.4 Breakup by Provider
5.6.2 Europe
5.6.2.1 Historical Trend (2018-2024)
5.6.2.2 Forecast Trend (2025-2034)
5.6.2.3 Breakup by MRO Type
5.6.2.4 Breakup by Provider
5.6.3 Asia Pacific
5.6.3.1 Historical Trend (2018-2024)
5.6.3.2 Forecast Trend (2025-2034)
5.6.3.3 Breakup by MRO Type
5.6.3.4 Breakup by Provider
5.6.4 Latin America
5.6.4.1 Historical Trend (2018-2024)
5.6.4.2 Forecast Trend (2025-2034)
5.6.4.3 Breakup by MRO Type
5.6.4.4 Breakup by Provider
5.6.5 Middle East and Africa
5.6.5.1 Historical Trend (2018-2024)
5.6.5.2 Forecast Trend (2025-2034)
5.6.5.3 Breakup by MRO Type
5.6.5.4 Breakup by Provider
6 North America Maintenance, Repair, and Operations (MRO) Market Analysis
6.1 United States of America
6.1.1 Historical Trend (2018-2024)
6.1.2 Forecast Trend (2025-2034)
6.2 Canada
6.2.1 Historical Trend (2018-2024)
6.2.2 Forecast Trend (2025-2034)
7 Europe Maintenance, Repair, and Operations (MRO) Market Analysis
7.1 United Kingdom
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Germany
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 France
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 Italy
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Others
8 Asia Pacific Maintenance, Repair, and Operations (MRO) Market Analysis
8.1 China
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Japan
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 India
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 ASEAN
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Australia
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Others
9 Latin America Maintenance, Repair, and Operations (MRO) Market Analysis
9.1 Brazil
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Argentina
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 Mexico
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 Others
10 Middle East and Africa Maintenance, Repair, and Operations (MRO) Market Analysis
10.1 Saudi Arabia
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 United Arab Emirates
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Nigeria
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 South Africa
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Competitive Landscape
12.1 Supplier Selection
12.2 Key Global Players
12.3 Key Regional Players
12.4 Key Player Strategies
12.5 Company Profiles
12.5.1 Air Liquide S.A. (Airgas, Inc.)
12.5.1.1 Company Overview
12.5.1.2 Product Portfolio
12.5.1.3 Demographic Reach and Achievements
12.5.1.4 Certifications
12.5.2 Applied Industrial Technologies Inc.
12.5.2.1 Company Overview
12.5.2.2 Product Portfolio
12.5.2.3 Demographic Reach and Achievements
12.5.2.4 Certifications
12.5.3 W.W. Grainger, Inc.
12.5.3.1 Company Overview
12.5.3.2 Product Portfolio
12.5.3.3 Demographic Reach and Achievements
12.5.3.4 Certifications
12.5.4 Adolf Würth GmbH & Co. KG
12.5.4.1 Company Overview
12.5.4.2 Product Portfolio
12.5.4.3 Demographic Reach and Achievements
12.5.4.4 Certifications
12.5.5 Rubix Group International Limited
12.5.5.1 Company Overview
12.5.5.2 Product Portfolio
12.5.5.3 Demographic Reach and Achievements
12.5.5.4 Certifications
12.5.6 ERIKS N.V.
12.5.6.1 Company Overview
12.5.6.2 Product Portfolio
12.5.6.3 Demographic Reach and Achievements
12.5.6.4 Certifications
12.5.7 Hayley Group Limited
12.5.7.1 Company Overview
12.5.7.2 Product Portfolio
12.5.7.3 Demographic Reach and Achievements
12.5.7.4 Certifications
12.5.8 Genuine Parts Company
12.5.8.1 Company Overview
12.5.8.2 Product Portfolio
12.5.8.3 Demographic Reach and Achievements
12.5.8.4 Certifications
12.5.9 RS Group plc
12.5.9.1 Company Overview
12.5.9.2 Product Portfolio
12.5.9.3 Demographic Reach and Achievements
12.5.9.4 Certifications
12.5.10 Ferguson Enterprises, LLC
12.5.10.1 Company Overview
12.5.10.2 Product Portfolio
12.5.10.3 Demographic Reach and Achievements
12.5.10.4 Certifications
12.5.11 Others
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