Connect with us


In-Depth Analysis of Global MRO Industry for Increased Business Efficiency



Changing global dynamics and competitive forces fuel the rapid transformations in the MRO or maintenance, repairs, and operations industry. With competition intensifying every day, traditional business models can no longer sustain their positions. 

Evolving businesses need innovative MRO landscapes, compelling leading players to come up with smart business models.

How to Analyse Global MRO Industry for Increased Business Efficiency?

MRO Industry

The global MRO industry is currently undergoing a CAGR of 1.2%, which is expected to gain momentum by 2020 to reach $660 billion. This highly competitive industry has many significant distributors in North America and European regions. 

Still, the market has growing concerns for technological advancements, increasing investments, and improving internal efficiencies. With comprehensive market data and reports, you can gain in-depth knowledge of the factors, drivers, and challenges affecting the industry. 

Current Market Dynamics

Presently, the MRO market shows a lot of intensity and promise due to increasing needs for service improvements. Every end-user industry relies on this sector for their growth and customer support services. 

Whether you have mining, pharmaceutical, automotive, technology, chemical, CPG, or food and beverage business, understanding the market dynamics helps make better plans for future expansions. 

The MRO industry is looking for process efficiency and supply chain management to reduce operational expenses. The overall industry growth is driving the demands for maintenance and repairs, especially in developing economies. 

The upcoming technologies are further transforming the industry through innovation and automation. The e-commerce growth in the past decade has also leveraged the opportunities for this sector. 

Since the markets are fragmented, the leading players focus mainly on in-stock product offerings, supply chain optimisation, and better customer relationships for their stronghold in the sector.

KPIs that Matter in MRO Market Analysis

The demands for predictive and prescriptive maintenance are growing in every end-user sector, especially the aviation industry. It drives the MRO industry growth by adopting the latest technologies and implementing software-as-a-service (SaaS) for supply chain management. 

Amid these dynamics, you need comprehensive market intelligence to understand various KPIs like:

  • Introduction of innovative technologies to improve productivity and reduce expenses
  • Calculating inventory turnover ratios
  • Assessing the specified time for managing product delivery and e-procurement
  • Service level agreements and improvements

When calculating KPIs for MRO market intelligence, you should choose reports that focus on market segments like 3D printing, artificial intelligence, robotics, internet of things, predictive maintenance, and big data analytics. 

The MRO Market Trends

Market intelligence reports focused on current trends and forecasts can help shape the market demands over the coming years. It includes competitive analysis and an understanding of global dynamics. The MRO industry is adopting outsourcing and integrator models in developed regions to signal improved buyer willingness in creating lasting relationships. 

Global distributors are penetrating new markets through mergers and acquisitions to expand their consumer bases. Customers, on the other hand, look for integrated solutions with real-time monitoring and on-time product deliveries. Many companies in the Asia-Pacific region are consolidating MRO activities through established distribution channels. 

The region is developing as a central hub for manufacturing spare parts for other countries. For example, India is growing its MRO capabilities focusing on automation, digitisation, and industrialisation to capture the APAC region. 

In the post-COVID scenarios, some categories like tools, power transmission, and fasteners will experience the greater impact of global trade wars and competition.

Predictive maintenance based on cutting-edge technology will become the prime focus of the manufacturing industry. Technology-based MRO systems will reduce costs and improve ROIs for the companies. 

Leading Industry Drivers and Constraints

MRO markets have been impacted due to increased pressure for cost reduction, cyclical fluctuations in product sales, focus on product quality, and increasing customer maturity. The industry relies on mature markets like Western Europe and North America and upcoming markets like LATAM, Australia, and APAC. APAC alone dominates nearly 37% of the global MRO markets.

The high maturity regions like the UK, France, Germany, the US, Belgium, and the Netherlands are expected to grow further while competing with medium market maturity regions like India, China, Australia, Japan, Canada, South Africa, and Brazil.

The current challenges of the industry are downtimes, especially in the manufacturing processes. Hence, companies are looking to improve MROs for consistencies and enhanced efficiency. Government initiatives are also encouraging the industries and their responses to the development of this sector. 

For all these statistics, data, and information, you need comprehensive market reports. In-depth analysis provided by these reports helps identify the significant factors affecting the growth. Find reports using analytical tools like Porter’s five forces and DRO analysis for concise and accurate intelligence. 

Mostly, the reports cover market forecasts and insights from 2017 to 2027 for decade-wise analysis. You can also personalize the reports according to the specific region, segment, or period.

Karan Bhardwaj, Founder of Geeknism worked as a Digital Marketer since 2012 and has expertise in Tech Niche. You can follow him on Facebook and Twitter.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Target Audience with Best Blog Strategy Target Audience with Best Blog Strategy
Blogging2 days ago

Retain Your Target Audience with Best Blog Strategy – Here’s how?

Every entrepreneur puts his/her heart and soul into building a business/product/services. But think about it, who played a major role...

Packaging For Self-Care Products Packaging For Self-Care Products
Online Services2 days ago

Packaging For Self-Care Products: What’s Important?

There’s hardly anything out in the market, that has more potential than cosmetics and personal care products. Nearly, every woman...

Trading Myths Trading Myths
Business4 days ago

[Top 4] Trading Myths Every New Trader Should be Careful

There are many stories and facts about the Forex market, but not all of those are true. When investors appear...

bank of america com azdesepc bank of america com azdesepc
Finance2 weeks ago


Looking for the process to activate and manage the AZ DES Electronic Payment Card Online? Well, today we are going...

SBI Debit Card Status SBI Debit Card Status
Finance3 weeks ago

How to Track SBI Debit Card Status Online [Step by Step]

In the last few years, we all observe one thing that those old magnetic stripe-based ATM cards stop working in...

CapitalOne360 CapitalOne360
Finance3 weeks ago

CapitalOne360 –

CapitalOne360 – Are you a capital one 360 users, if YES then you can follow this guide to contact the...

drpaycenter.combillpay drpaycenter.combillpay
Online Services3 weeks ago – Pay Medical Bill Online & Login

Hello to all our lovely readers, today we are going to explain detailed information on where you can login...

Bad Credit Personal Loans Guaranteed Approval Direct Lenders Bad Credit Personal Loans Guaranteed Approval Direct Lenders
Finance4 weeks ago

Avoiding Bankruptcy In Business: Bad Credit Personal Loans Guaranteed Approval Direct Lenders

Running a business is always full of challenges and if you are somehow not able to keep things steady you...
Online Services1 month ago – WWR Online Payment Process [With WWR COLLECTIONS]

Hello and Welcome to you on Geeknism where we provide the best possible information about online services and today, we...

Online Payday Loans for Bad Credit For Middle-Class Households Online Payday Loans for Bad Credit For Middle-Class Households
Finance1 month ago

Online Payday Loans for Bad Credit For Middle-Class Households

Did you ever dream of owning a super expensive car during your childhood days? Or was it about getting a...

Our Categories