North America MRO Distribution Market Is Expected To Record A CAGR Of 3.1% From 2019 To 2025: Grand View Research, Inc.

North America MRO Distribution Market Is Expected To Record A CAGR Of 3.1% From 2019 To 2025: Grand View Research, Inc.

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According to report published by Grand View Research, Increasing technological advancements in the region, such as smart factories and ranking predictive analytics, are expected to boost product demand over the forecast period. The manufacturing industry is the backbone for the maintenance, repair, and overhaul (MRO) distribution market.

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.

U.S. maintenance, repair & overhaul distribution market size, by product, 2014 - 2025 (USD Billion)

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North America maintenance, repair & overhaul distribution market share, by end use, 2018 (%)

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

  • Chemicals

  • Pharmaceuticals

  • Electrical & Electronics

  • Transportation

  • Aircraft

  • Machinery

  • Construction

  • Others

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

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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.

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