The Europe MRO distribution market size was valued at USD 196.21 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 1.6% from 2021 to 2028. The growing demand for repair, maintenance, and service operations in manufacturing and industrial activities, majorly in Norway, Sweden, Germany, and Finland, is expected to provide growth opportunities to the Maintenance, Repair, & Overhaul (MRO) market. The commercial availability of the MRO products and skilled workforce for services has created a wide scope for the development of industrial and manufacturing activities in Europe. This has also improved the sales of the prominent players in the European economies.
The introduction of e-commerce platforms has significantly impacted the MRO distribution industry across Europe. Distributors and the channel partners of the essential components of MRO have benefitted themselves through these platforms owing to a more optimized and smooth operational flow. This has directly influenced the business models of MRO service providers across Europe.
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Several industries in Europe have adopted integrated service concepts to improvise the quality of service and equipment that are used in critical operations. This concept also helps the industries to reduce the cost of repair and maintenance. This trend is anticipated to drive the MRO distribution market in Europe over the projected time.
Key Player Mentioned:
- Kayden Corporation
- Bodo Moller Chemie GmbH
- WABCO
- Graco, Inc.
- Cromwell Group
- Mento AS
- VALEO SERVICE U.K. LIMITED
- Ascendum
Product Segment Analysis:
- Bearings & Power Transmission
- Pipes, Valves & Fittings
- Electrical Items
- Packaging Supplies
- Machine Consumables
Application Segment Analysis:
- Food, Beverage & Tobacco
- Textile, Apparel & Footwear
- Wood & Paper
- Mining, Oil & Gas
- Basic Metals & Metal Products
- Rubber, Plastic and Non-metallic Products
- Chemicals
- Pharmaceuticals
- Electronics
Key players in the market are focusing on achieving optimal operational costs, enhancing the quality, maximizing output, and acquisition of small players to sustain in the competitive market. Along with the component distribution, major players are focusing on providing additional services for repair and maintenance. Moreover, these players are focusing on inventory management to smoothen the inflow and outflow of the components.
Regional Segment Analysis: North America, Europe, Asia Pacific, Latin America, and Mideast and Africa.
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As maintenance and repair operations are an integral part of daily operational activities and the elevation of the MRO distribution industry in Europe, especially post-recession period along with the advantages associated with the outsourcing of MRO processes, most industries in Europe prefer to be associated with distributors rather than managing these in-house activities. Hence, these factors are expected to drive the MRO distribution market in Europe over the forecast period.
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