The Maintenance, Repair, and Overhaul (MRO) Distribution Market in North America to grow at a CAGR of 2.43% from 2022 to 2027|The increasing penetration of Industry 4.0 will drive growth -Technavio

NEW YORK, Aug. 7, 2023 /PRNewswire/ — The MRO distribution market in North America is estimated to grow at a CAGR of 2.43% between 2022 and 2027 and the size of the market is forecast to increase by USD 30.88 billion, according to Technavio – Download a Sample Report

MRO Distribution Market Insights in North America  –

• Companies: 15+, Including A.R. Thomson Group, Applied Industrial Technologies Inc., AWC Inc., BDI, Bisco Industries, BSC Industries Inc., Capitol Bearing and Hydraulics, Distribution Solutions Group Inc., DOALL SAWS, ERIKS N.V., Genuine Parts Co., Gregg Distributors LP, Hillman Solutions Corp., Hisco Inc., Kimball Midwest, R.S. Hughes Co. Inc., Singer Industrial, SunSource, W.W. Grainger Inc., and Wajax Corp., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of companies
• Segments: application (chemicals, transportation, food beverage and tobacco, electricals and electronics, and textile apparel and footwear and others) and type (industrial, electrical, facility, and electronics and others)

To understand more about the MRO distribution market in North America, request a sample report

MRO Distribution Market in North America – Company Insights

The growing competition in the market is compelling companies to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market companies including – A.R. Thomson Group, Applied Industrial Technologies Inc., AWC Inc., BDI, Bisco Industries, BSC Industries Inc., Capitol Bearing and Hydraulics, Distribution Solutions Group Inc., DOALL SAWS, ERIKS N.V., Genuine Parts Co., Gregg Distributors LP, Hillman Solutions Corp., Hisco Inc., Kimball Midwest, R.S. Hughes Co. Inc., Singer Industrial, SunSource, W.W. Grainger Inc., and Wajax Corp.

MRO Distribution Market in North America – Market Dynamics

Key Driver

The increasing penetration of Industry 4.0 is a key factor driving market growth. Industry 4.0 is a concept that enables the industrial manufacturing sector to achieve higher efficiency, safety, predictable machine maintenance, and higher profitability. Furthermore, its adoption is increasing in various industries to optimize material flow and detect failures early in the product lifecycle.

Automation is a key aspect of Industry 4.0 as it reduces human intervention and ensures higher throughput, efficiency, reliability, and safety. As a result, the North American maintenance, repair, and overhaul secondary market is expected to benefit from the positive impact of Industry 4.0.  Hence, the adoption of Industrial 4.0 is expected to drive market growth during the forecast period.

Major Trends

Smart equipment technology to track performance and maintenance needs is a major trend in the market. The industry is embracing sensors and smart devices and introducing more frequent maintenance protocols. Many industries implement preventive maintenance based on manufacturer guidelines and manage inventory to meet maintenance needs. However, these processes can be inefficient.

As the adoption of sensors and Internet of Things (IoT) technologies increases, manufacturers will be better able to assess device performance and maintenance needs. In addition, this reduces cost inefficiencies associated with outdated methods. Hence, the North American maintenance, repair, and overhaul secondary market is expected to benefit positively from these advancements. Thus, the adoption of Industrial 4.0 is expected to drive market growth during the forecast period.

Significant Challenges

Weak or missing MRO processes are one of the significant challenges restricting market growth. Managing MRO across the supply chain is a challenge as manufacturers, retailers, and shippers have different MRO requirements. Weak or absent MRO processes such as kitting, gray stock, and conservation measures can pose a significant threat to market growth.

The North American maintenance, repair, and overhaul (MRO) distribution market could be adversely affected by these challenges and limited value chain integration. Solving these issues and improving the MRO process is critical to ensuring the growth and efficiency of the MRO distribution market.  Hence, weak, or missing MRO processes are expected to restrict market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The MRO distribution market in North America report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this MRO Distribution Market in North America report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the MRO distribution market in North America between 2023 and 2027
• Precise estimation of the size of the MRO distribution market in North America and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the MRO distribution market in North America across North America
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of the MRO distribution market In North America companies.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Regional – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on North America: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Regional – Market size and forecast 2022-2027 ($ billion)

4 Historic Market Size

• 4.1 Maintenance repair overhaul distribution market in North America 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on maintenance repair overhaul distribution market in north America 2017 – 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 22: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 28: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 29: Chart on Application – Market share 2022-2027 (%)
• Exhibit 30: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 31: Chart on Comparison by Application
• Exhibit 32: Data Table on Comparison by Application

• 6.3 Chemicals – Market size and forecast 2022-2027 
• Exhibit 33: Chart on Chemicals – Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Chemicals – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Chemicals – Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Chemicals – Year-over-year growth 2022-2027 (%)

• 6.4 Transportation – Market size and forecast 2022-2027 
• Exhibit 37: Chart on Transportation – Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Transportation – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Transportation – Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Transportation – Year-over-year growth 2022-2027 (%)

• 6.5 Food beverage and tobacco – Market size and forecast 2022-2027 
• Exhibit 41: Chart on Food beverage and tobacco – Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on Food beverage and tobacco – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on Food beverage and tobacco – Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Food beverage and tobacco – Year-over-year growth 2022-2027 (%)

• 6.6 Electricals and electronics – Market size and forecast 2022-2027 
• Exhibit 45: Chart on Electricals and electronics – Market size and forecast 2022-2027 ($ billion)
• Exhibit 46: Data Table on Electricals and electronics – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Chart on Electricals and electronics – Year-over-year growth 2022-2027 (%)
• Exhibit 48: Data Table on Electricals and electronics – Year-over-year growth 2022-2027 (%)

• 6.7 Textile apparel and footwear and Others – Market size and forecast 2022-2027
• Exhibit 49: Chart on Textile apparel and footwear and Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 50: Data Table on Textile apparel and footwear and Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 51: Chart on Textile apparel and footwear and Others – Year-over-year growth 2022-2027 (%)
• Exhibit 52: Data Table on Textile apparel and footwear and Others – Year-over-year growth 2022-2027 (%)

• 6.8 Market opportunity by Application 
• Exhibit 53: Market opportunity by Application ($ billion)
• Exhibit 54: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 55: Chart on Type – Market share 2022-2027 (%)
• Exhibit 56: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 57: Chart on Comparison by Type
• Exhibit 58: Data Table on Comparison by Type

• 7.3 Industrial – Market size and forecast 2022-2027 
• Exhibit 59: Chart on Industrial – Market size and forecast 2022-2027 ($ billion)
• Exhibit 60: Data Table on Industrial – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Chart on Industrial – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Industrial – Year-over-year growth 2022-2027 (%)

• 7.4 Electrical – Market size and forecast 2022-2027 
• Exhibit 63: Chart on Electrical – Market size and forecast 2022-2027 ($ billion)
• Exhibit 64: Data Table on Electrical – Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Chart on Electrical – Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on Electrical – Year-over-year growth 2022-2027 (%)

• 7.5 Facility – Market size and forecast 2022-2027 
• Exhibit 67: Chart on Facility – Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on Facility – Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on Facility – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Facility – Year-over-year growth 2022-2027 (%)

• 7.6 Electronics and others – Market size and forecast 2022-2027 
• Exhibit 71: Chart on Electronics and others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Electronics and others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Electronics and others – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Electronics and others – Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 75: Market opportunity by Type ($ billion)
• Exhibit 76: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 77: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 78: Chart on Market share by geography – 2022-2027 (%)
• Exhibit 79: Data Table on Market share by geography – 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 80: Chart on Geographic comparison
• Exhibit 81: Data Table on Geographic comparison

• 9.3 US – Market size and forecast 2022-2027 
• Exhibit 82: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 85: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.4 Canada – Market size and forecast 2022-2027 
• Exhibit 86: Chart on Canada – Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Data Table on Canada – Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 89: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.5 Mexico – Market size and forecast 2022-2027 
• Exhibit 90: Chart on Mexico – Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Data Table on Mexico – Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Chart on Mexico – Year-over-year growth 2022-2027 (%)
• Exhibit 93: Data Table on Mexico – Year-over-year growth 2022-2027 (%)

• 9.6 Market opportunity by geography 
• Exhibit 94: Market opportunity by geography ($ billion)
• Exhibit 95: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 96: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company landscape 
• Exhibit 97: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 98: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 99: Impact of key risks on business

12 Company Analysis

• 12.1 Companies covered 
• Exhibit 100: Companies covered

• 12.2 Market positioning of companies 
• Exhibit 101: Matrix on company position and classification

• 12.3 Applied Industrial Technologies Inc. 
• Exhibit 102: Applied Industrial Technologies Inc. – Overview
• Exhibit 103: Applied Industrial Technologies Inc. – Business segments
• Exhibit 104: Applied Industrial Technologies Inc. – Key news
• Exhibit 105: Applied Industrial Technologies Inc. – Key offerings
• Exhibit 106: Applied Industrial Technologies Inc. – Segment focus

• 12.4 AWC Inc.
• Exhibit 107: AWC Inc. – Overview
• Exhibit 108: AWC Inc. – Product / Service
• Exhibit 109: AWC Inc. – Key offerings

• 12.5 BDI 
• Exhibit 110: BDI – Overview
• Exhibit 111: BDI – Product / Service
• Exhibit 112: BDI – Key offerings

• 12.6 Bisco Industries
• Exhibit 113: Bisco Industries – Overview
• Exhibit 114: Bisco Industries – Product / Service
• Exhibit 115: Bisco Industries – Key offerings

• 12.7 BSC Industries Inc.
• Exhibit 116: BSC Industries Inc. – Overview
• Exhibit 117: BSC Industries Inc. – Product / Service
• Exhibit 118: BSC Industries Inc. – Key offerings

• 12.8 Distribution Solutions Group Inc. 
• Exhibit 119: Distribution Solutions Group Inc. – Overview
• Exhibit 120: Distribution Solutions Group Inc. – Business segments
• Exhibit 121: Distribution Solutions Group Inc. – Key offerings
• Exhibit 122: Distribution Solutions Group Inc. – Segment focus

• 12.9 DOALL SAWS
• Exhibit 123: DOALL SAWS – Overview
• Exhibit 124: DOALL SAWS – Product / Service
• Exhibit 125: DOALL SAWS – Key offerings

• 12.10 ERIKS N.V.
• Exhibit 126: ERIKS N.V. – Overview
• Exhibit 127: ERIKS N.V. – Product / Service
• Exhibit 128: ERIKS N.V. – Key offerings

• 12.11 Hillman Solutions Corp. 
• Exhibit 129: Hillman Solutions Corp. – Overview
• Exhibit 130: Hillman Solutions Corp. – Business segments
• Exhibit 131: Hillman Solutions Corp. – Key offerings
• Exhibit 132: Hillman Solutions Corp. – Segment focus

• 12.12 Hisco Inc.
• Exhibit 133: Hisco Inc. – Overview
• Exhibit 134: Hisco Inc. – Product / Service
• Exhibit 135: Hisco Inc. – Key offerings

• 12.13 Kimball Midwest
• Exhibit 136: Kimball Midwest – Overview
• Exhibit 137: Kimball Midwest – Product / Service
• Exhibit 138: Kimball Midwest – Key offerings

• 12.14 R.S. Hughes Co. Inc.
• Exhibit 139: R.S. Hughes Co. Inc. – Overview
• Exhibit 140: R.S. Hughes Co. Inc. – Product / Service
• Exhibit 141: R.S. Hughes Co. Inc. – Key offerings

• 12.15 Singer Industrial
• Exhibit 142: Singer Industrial – Overview
• Exhibit 143: Singer Industrial – Product / Service
• Exhibit 144: Singer Industrial – Key offerings

• 12.16 W.W. Grainger Inc.
• Exhibit 145: W.W. Grainger Inc. – Overview
• Exhibit 146: W.W. Grainger Inc. – Business segments
• Exhibit 147: W.W. Grainger Inc. – Key offerings
• Exhibit 148: W.W. Grainger Inc. – Segment focus

• 12.17 Wajax Corp.
• Exhibit 149: Wajax Corp. – Overview
• Exhibit 150: Wajax Corp. – Product / Service
• Exhibit 151: Wajax Corp. – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 152: Inclusions checklist
• Exhibit 153: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 154: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 155: Research methodology
• Exhibit 156: Validation techniques employed for market sizing
• Exhibit 157: Information sources

• 13.5 List of abbreviations
• Exhibit 158: List of abbreviations

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