The Evolving MRO Market in Manufacturing: Key Drivers and Future Outlook

 


Meticulous Research®, a leading global market research company, has published a new 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.

According to the report, the global Maintenance, Repair, and Operations (MRO) market for the manufacturing industry is projected to reach $49.65 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The growing demand for digital transformation in MRO operations, the need to minimize downtime and enhance organizational efficiency, and the development of smart factories are the primary drivers of this market's growth. However, the shortage of skilled professionals continues to pose challenges to the market. Meanwhile, increasing demand for remote maintenance solutions and the rise of 5G technology offer lucrative growth opportunities.

Download Free PDF Sample Copy of the Report:  https://www.meticulousresearch.com/download-sample-report/cp_id=5437

Key Findings of the Report:

  • Market Segmentation: The report breaks down the market into various segments based on products, sectors, and regions for a thorough analysis.
    • By Product: The market is segmented into plant facilities, automation equipment, robots, and CNC equipment. In 2022, the plant facilities segment dominated the market due to increased investment in maintenance, the rise of Industry 4.0, and growing demand for supply chain efficiency. However, the automation equipment segment is expected to witness the highest growth over the forecast period.
    • By Sector: In 2022, the consumer products sector captured the largest share of the MRO market due to growing demand for cost-effective maintenance services and predictive maintenance technology. However, the medical devices sector is expected to grow at the highest CAGR during the forecast period.
    • By Geography: Asia-Pacific dominated the market in 2022, driven by the widespread adoption of industrial robots and automation systems in China, Japan, and South Korea. Rising investments in semiconductor manufacturing and the demand for refurbished gadgets also contributed to the region's market share. Meanwhile, the Middle East & Africa is expected to experience rapid growth.

To Gain More Insights and Explore the Detailed Table of Content and Figures:

https://www.meticulousresearch.com/product/mro-market-for-the-manufacturing-industry-5437

 

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
  • Shipbuilding
  • Aerospace & Defense
  • Energy & Power
  • Oil & Gas
  • Chemicals
  • Metals & Mining
  • Other 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

Purchase the Report Here: https://www.meticulousresearch.com/Checkout/71758247

Key Market Players:

Prominent companies in the global MRO market for the manufacturing industry include 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), and many more.

Key Questions Answered in the Report:

  • What are the high-growth market segments by product, sector, and geography?
  • What is the historical and forecasted market size for the global MRO market for the manufacturing industry?
  • What are the key drivers and opportunities?
  • Who are the major players and what market share do they hold?
  • What are the recent developments and strategies in the market?
  • Which geographic regions are witnessing significant growth?

For detailed information, download the report sample or contact us.

Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

 

Comments

Post a Comment

Popular posts from this blog

Airport Logistics Systems Market to Be Worth $9 Billion by 2031

  According to a new market research report titled, the airport logistics systems market is projected to reach $9 billion by 2031, at a CAGR of 9.8% from 2024 – 2031. Airport logistics systems refer to a wide range of processes and technologies that facilitate the efficient operation of an airport. These systems are highly integrated and use technologies such as RFID, barcoding, and advanced software to improve efficiency, security, and the overall passenger experience at airports. These systems are employed across a range of applications essential for airport operations, including baggage handling, flight scheduling and management, passenger check-in, security screening, air traffic control, ground handling, and facility maintenance. Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4390 The global airport logistics systems market is expected to register significant growth in the upcoming years, driven by globalizati...
Read more

A Comprehensive Guide to Waste Management

Image
  Redding, California, Sept. 12, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled,  ‘ Waste Management Market  by Waste Type (Hazardous Waste, Industrial Waste, E-waste), Waste Management Method (Landfilling, Recycling, Incineration), and Source (Residential, Commercial, Municipal, and Industrial)—Global Forecast to 2030’,  the waste management market is projected to reach $703.9 billion by 2030, at a CAGR of 4.9% during the forecast period. A waste management system or waste disposal is a streamlined process that organizations use to dispose, reduce, reuse, and prevent waste. It is also an approach where companies implement comprehensive strategies to manage wastes from their origin until their final disposal. Waste management involves various interventions in the generation, prevention, characterization, monitoring, treatment, handling, reuse, and ultimate residual disposal of solid wastes. Possible waste disposal methods are recycling, c...
Read more

Top 10 Companies in Vietnam Carton board Paper Market Unveiled

Image
  Meticulous Research, a leading market research company, has released its latest report on the Vietnam Cartonboard Paper Market, highlighting the top 10 companies operating in this rapidly growing industry. The report predicts that the Vietnam Cartonboard Paper Market is poised to reach USD 637.5 million by 2030, with a remarkable CAGR of 10.6% during the forecast period from 2023 to 2030. The growth of the Vietnam cartonboard paper market is attributed to several key factors, including the increasing demand for sustainable and eco-friendly packaging solutions, a surge in the demand for consumer goods, and the growth of e-commerce. However, challenges like fluctuating raw material prices and declining use of printed packaging materials are among the hurdles faced by the market. Nevertheless, the emergence of innovative sustainable and customizable packaging solutions is expected to open new growth opportunities. Additionally, the increasing demand for smart packaging is identifi...
Read more