According to a report, “North America Maintenance, Repair & Overhaul (MRO) Distribution Market Size Report By End Use, By Product (Power Transmission, Automation, Hand Tools), And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The North America maintenance, repair & overhaul distribution market size is expected to reach USD 194.38 billion.
Manufacturing companies are focused on key performance indicators (KPIs) such as reliability of equipment, end-user complaints, and efficiency analysis of in-house maintenance teams. The aforementioned initiatives aid in achieving operational efficiency of the production plant, along with augmenting demand for MRO distribution in the region.
MRO is responsible for reducing operational cost as well as enhancing the productivity of the plant. This results in agreements by OEMs with MRO distribution channel partners for improving operational efficiency and obtaining high profits. Furthermore, specific solutions offered by MRO distributors to address the needs of end-use industries is expected to drive the market.
Key Takeaways from the report:
Power transmission-hydraulics accounted for 11.9% of the regional market in 2018 and is estimated to witness significant growth on account of rising investment in the manufacturing sector, coupled with increasing demand for power transmission
Automation products are expected to exhibit a CAGR of 4.6% from 2019 to 2025 on account of technology upgradation and increasing regulations for quality maintenance in the manufacturing sector
Consumption of the product in the food, beverages, and tobacco industry is likely to register a CAGR of 3.7% owing to rising consumer demand for nutritious food, coupled with need for cost saving due to high competition in the industry
Product demand in New England is expected to register a CAGR of 4.4% on account of increasing manufacturing output in the country attributed to rising upgradation and modification in various production facilities
Major players in the industry are focusing on product portfolio expansion as well as investment in distribution channels, to obtain a competitive edge in the market.
Browse More Reports in Distribution & Utilities Industry:
Middle East Switchgears Market: Increasing demand for electricity in the region is expected to favor market growth over the forecast period. Switchgears are used in electrical systems to minimize failure and effects of fault currents.
Middle East Steel Utility Poles Market: Over the last few years, steel has successfully managed to displace wood as the preferred material used in poles due to several reasons such as longevity, sturdiness and ecological balance owing to the reduction in deforestation activities for procuring wood.
Grand View Research has segmented the North America MRO distribution market on the basis of product, end use, and region:
North America MRO Distribution Product Outlook (Revenue, USD Million, 2014 – 2025)
Abrasives
Chemicals
Cutting Tools
Fasteners
Hand Tools
Pipes, Valves & Fitting
Power Tools
Power Transmission – Hydraulics
Power Transmission – Pneumatics
Power Transmission – Electrics
Rubber products
Seal
Welding Equipment & Gases
Automation
Others
North America MRO Distribution End-use Outlook (Revenue, USD Million, 2014 – 2025)
Food, Beverage, & Tobacco
Textile
Wood & Paper
Mining, Oil, & Gas
Metal Processing & Foundry
Rubber, Plastic & Non-Metallic
Pharmaceuticals
Electrical & Electronics
Transportation
Aircraft
Machinery
Construction
North America MRO Distribution Regional Outlook (Revenue, USD Million, 2014 – 2025)
North America
U.S.
New England
Mid Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
West region
Canada
Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.
About Grad View Research, Inc.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
Media ContactCompany Name: Grand View Research, Inc.Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.Email: Send EmailPhone: 1-415-349-0058, Toll Free: 1-888-202-9519Address:201, Spear Street, 1100 City: San FranciscoState: CaliforniaCountry: United StatesWebsite: www.grandviewresearch.com/industry-analysis/north-america-maintenance-repair-overhaul-mro-distribution-market