North America MRO Distribution Market Expected To Grow With USD 188.47 Billion By 2030

 San Francisco, 12 March 2024: The Report North America MRO Distribution Market Size, Share & Trends Analysis Report By Product (Power Transmission, Automation), By End-use (Food, Beverage & Tobacco), By Region, And Segment Forecasts, 2024 - 2030

The North America MRO distribution market size is anticipated to reach USD 188.47 billion by 2030, registering a CAGR of 2.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. This market growth is attributed to the increasing demand for the product from various end-use industries such as chemical, transportation, electrical & electronics, and construction. Maintenance, repair, and overhaul (MRO) activities contribute to reducing operating costs and improving productivity of industrial operations, which are being driven by their demand in different sectors.

The region's manufacturing output has been increasing since 2010 post-recession, and the economies have been reviving. This is evident from the fact that industries have been setting up their facilities in region owing to favorable business environment. Along with this, the growing industry player counts and production output, the requirement for maintenance and repair operation is also expected to increase. Hence, expanding manufacturing sector in North America is expected to aid demand for MRO distribution in region over the forecast period.

In order to avoid other operating costs in the long term, manufacturing industry has increased their allocation for maintenance costs. In addition to the maintenance carried out at home, outsourcing MRO and product providers have also been helping manufacturers in this region. Fact that the region's manufacturers are taking these kinds of initiatives is essential and a key factor behind the demand for MRO distribution.

The market is expected to exhibit high industry rivalry, owing to the presence of many distributors in market, coupled with manufacturers integrated into the supply of the products. Market players are focusing on various competitive factors, including product price, brand value, and stipulated time delivery, in order to increase their market share, leading to high industry rivalry.

Manufacturers play a major role across the value chain by possessing definitive control over the market as they monitor product pricing. They habitually command pricing on a customer-by-customer basis rather than on a distributor-by-distributor basis.

Retailers are the last component of MRO value chain. Procurements from home improvement outlets such as Home Depot, Lowes, and Sears Hardware are often considered to fall within the MRO category. Retailers offer access to numerous general products; however, they cannot always fulfill the requirement for specialty MRO products. In addition, several retailers do not offer any substantial corporate discount programs and charge paying premium (retail) rates.

Access Research Report of North America MRO Distribution Market @ https://www.grandviewresearch.com/industry-analysis/north-america-maintenance-repair-overhaul-mro-distribution-market

North America MRO Distribution Market Report Highlights

• Rubber products segment accounted for the revenue share of more than 3.8% in 2023. Significant applications for rubber products include industrial machinery equipment, trucking, automotive, airline transport, and heavy-duty off-road equipment. Growing industrial productivity in region is anticipated to increase the demand for specialized machinery and related MRO services, thereby influencing MRO distribution market on a positive note
• Wood and paper industry is one of the prominent end-use segment for MRO operations in North America. Increasing demand for pulp, paper, and wood products in the region is anticipated to create a scope for establishment of new facilities and modifications in the existing units. Leading players in the industry are investing in MRO products and services in order to increase machine efficiency and enhance their portfolios. MRO distributors are expected to play a significant role in catering to the needs of paper & wood industry’s aging equipment and product replacements
• In Canada, manufacturing sector is expected to grow positively, with a large majority of manufacturers planning investment in new equipment and machinery during the forecast period in order to be able to take advantage of global competition. This is expected to fuel the growth of MRO distribution market in the country
• Distribution networks, delivery efficiency, and competition pricing are essential to the competitiveness of large companies. Market is, therefore, characterized by high fragmentation due to the presence of many players. A major competitive factor that is expected to influence the choice of MRO providers is quality, price, and efficiency in delivery

North America MRO Distribution Market Report Scope

Report Attribute	Details
Market size value in 2024	USD 161.69 billion
Revenue forecast in 2030	USD 188.47 billion
Growth Rate	CAGR of 2.6% from 2024 to 2030
Historical data	2018 - 2023
Forecast period	2024 - 2030

List of Key Players in North America MRO Distribution Market

• Hillman Group, Inc.
• Wajax Limited
• FCX Performance
• SBP Holdings
• S. Hughes Co., Inc.
• DGI Supply
• Lawson Products, Inc.
• AWC
• Hisco, Inc.
• W. Grainger, Inc.
• Bisco Industries
• Kaydon Bearings
• Bearing Distributors, Inc.

Access Press Release of North America MRO Distribution Market @ https://www.grandviewresearch.com/press-release/north-america-maintenance-repair-overhaul-mro-distribution-market-analysis