North America MRO Distribution Market Size, Share & Trends Analysis Report By Product, By End Use, By Region And Segment Forecasts From 2022 To 2030

Report ID: MN17620360  |  Published: October 2022  |  No of Pages: 153
Format: Electronic (PDF)  |  Industry: Advanced Materials

The North America MRO distribution market size is projected to reach USD 188.5 billion by 2030, expanding at a CAGR of 2.5% from 2022 to 2030. One of the major driving factors to the market includes the expansion of product penetration in the manufacturing industry to standardize various equipment and critical services. The growing demand for several end-use industries is also expected to positively influence the market growth.

MRO distribution is among the critical components required to remove downtime in the industry, resulting in initiation of several preventative and scheduled maintenance processes by the industries. Owing to the prevalence of various leading companies around the region, the U.S. is home to one of the world’s largest MRO sectors. A wide range of initiatives adopted by the producers and manufacturers to achieve peak efficiency is projected to drive the North America maintenance, repair and overhaul (MRO) distribution market in the forthcoming years.

The slow growth of North America MRO distribution market is the result of lack of focus and the absence of substantial investments for MRO processes, as the distribution chain was traditionally considered an indirect component for industrial operations. However, the COVID-19 pandemic has pushed the market towards growing awareness for supply chain crisis management in the manufacturing industry.

Owing to positive control on the distribution market, the manufacturers play a vital role in the value chain, monitoring the product pricing, based on customer-by-customer rather than distributor-by-distributor. The key companies compete on the basis of competitive pricing, distribution networks, and delivery efficiency. The MRO activities help in reduction of overall costs while enhancing the productivity of industrial operations which is predicted to directly influence the overall market growth.

Product demand is majorly dependent upon the end-use industries’ growth and is projected to grow moderately. The major competitive factors include efficiency, quality, and price which determine the choice of suppliers for MRO. The highlighted market strategies, majorly in the U.S. include mergers, acquisitions, collaborations, and joint ventures that empower the business in terms of production volumes to meet the desired demand. Speedy and timely delivery along with maintenance service serves as a key factor in gaining clients’ confidence. Additionally, product replacement policies and discounts in bulk orders constitute ass good market opportunities for end-use companies. Price is also one of the prime deciding factors for small and medium-scale businesses in the choice of suppliers.

North America MRO Distribution Market Report Key Takeaways

  • Canada’s manufacturing sector is predicted to register the fastest growth due to the interest of the major manufacturers to invest in updated equipment and machinery for competitive advantages
  • Owing to the increase in investments in sectors like manufacturing and transportation, Minnesota and Missouri were registered as the major contributors to the region’s escalating demands
  • Manufacturers are currently focusing on the expansion of their customer reach using e-commerce platforms that provide access to a variety of categories, with significant industry expertise
  • Due to the rising utilization of automated transmission in the manufacturing facilities, the power transmission-pneumatics are projected to wit the growth from 2021 to 2028
  • The electrical and electronics segment is projected to register a CAGR of 2.5% from 2022 to 2030


North America MRO Distribution Market Segments

  • North America MRO Distribution Product Outlook (Revenue, USD Million, 2017 - 2030)
    • 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, 2017 - 2030)
    • Food, Beverage, & Tobacco
    • Textile
    • Wood & Paper
    • Mining, Oil, & Gas
    • Metal Processing & Foundry
    • Rubber, Plastic & Non-Metallic
    • Chemicals
    • Pharmaceuticals
    • Electrical & Electronics
    • Transportation
    • Construction
    • Others
  • North America MRO Distribution Regional Outlook (Revenue, USD Million, 2017 - 2030)
    • 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
  • List of Key Players of North America MRO Distribution Market
    • Hillman Group, Inc.
    • Wajax Industrial Components
    • FCX Performance
    • SBP Holdings
    • R.S. Hughes Co., Inc.
    • DGI Supply
    • Lawson Products, Inc.
    • AWC
    • Hisco, Inc.
    • Kimball Midwest
    • Bisco Industries
    • Kaydon Corporation
    • BDI
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