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

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

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

MRO Market for the Manufacturing Industry Market - Report Summary

Report Metrics	Details
Years Considered	2021 - 2030
Base Year	2022
Forecast Period	2022-2030
Page Count	231
Units Referenced	Value (USD Million)
Segments/Key Topics	Market by Product, Market by Sector, Market by Geography
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Companies Mentioned	Siemens AG (Germany), WESCO International, Inc. (U.S.), ERIKS N.V. (Netherlands), SDI, Inc. (U.S.), ICR Services (U.S.), 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), YokogawaElectric Corporation (Japan), Hayley Group Limited (U.K.), and Electronix Services (Ireland), Swiftships LLC (U.S.), Sika Interplant Systems Limited (India), Ametek, Inc. (U.S.), and Atlas Copco AB (Sweden).

FAQs About the Report

What is the value of revenue generated from the sale of MRO solutions for the manufacturing industry across the globe? At what rate is their demand expected to grow for the next 5–7 years?

The global MRO market for the manufacturing industry market is projected to reach USD 49.65 billion by 2030 at a CAGR of 7.8% during the forecast period.

Which product segment showcases high growth opportunities for the MRO market players for the Manufacturing Industry?

In 2023, the plant facilities segment is expected to account for the largest share of the global MRO market for the manufacturing industry market. The high growth of this market is attributed to the e factors such as rising need to eliminate unexpected breakdowns and increase the life span of the equipment, rise in adoption of preventive maintenance in the manufacturing sector and surge in demand for industrial automation.

Which sector of the market are projected to create more traction in the MRO market for the manufacturing industry?

In 2023, the consumer products segment is expected to account for the largest share of the global MRO market for the manufacturing industry market.

What are the key factors driving the growth of the MRO Market for the Manufacturing Industry? What are major opportunities for existing market players and new entrants in the market?

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

Who are the major players operating in the global MRO Market for the Manufacturing Industry?

The key players operating in the global MRO Market for the Manufacturing Industry market are e Siemens AG (Germany), WESCO International, Inc. (U.S.), ERIKS N.V. (Netherlands), SDI, Inc. (U.S.), ICR Services (U.S.), 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), YokogawaElectric Corporation (Japan), Hayley Group Limited (U.K.), and Electronix Services (Ireland), Swiftships LLC (U.S.), Sika Interplant Systems Limited (India), Ametek, Inc. (U.S.), and Atlas Copco AB (Sweden) and among others.

Which regions/countries are expected to witness significant demand for MRO Market for the Manufacturing Industry in the coming years?

Middle East & Africa dominates the global MRO market for the manufacturing industry market and is also expected to grow at the highest growth rate over the coming years.