What Are The Key Factors Boosting The North America MRO Distribution Market Growth?

North America MRO Distribution Industry Overview

The North America MRO distribution market size was valued at USD 150.6 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.5% from 2022 to 2030. Various initiatives by manufacturers to attain optimum efficiency are expected to drive North America maintenance, repair, and overhaul (MRO) distribution market growth over the forecast period. MRO distribution is one of the critical components of the industry, which is necessary to eliminate downtime. As a result, industries initiate multiple scheduled and preventive maintenance processes. Industries, where supply activities have little direct accountability, might be driven by stock-outs rather than any overarching supply chain plan.

The U.S. exhibits one of the largest MRO sectors in the world and is characterized by the presence of several leading companies. The overall market highlights strategies, such as mergers, acquisitions, joint ventures, and collaborations, to strengthen a company’s business, in terms of production volumes, and meet the desired demand. The manufacturing sector has been worst hit by the current pandemic as manufacturers of non-essential goods have shut down their production facilities in compliance with the government norms for lockdown. This further led to a domino effect on the industry, which has also suspended operations across all the major economies.

Gather more insights about the market drivers, restrains and growth of the Global North America MRO Distribution market

 

Fast delivery and maintenance service plays a major role in gaining clients’ confidence. In addition, beneficial product replacement policies and bulk order discounts are lucrative opportunities for end-use companies. Furthermore, the price can be a major factor deciding the choice of supplier for small- and medium-scale businesses. The market is characterized by the presence of a large number of end-use industries in the region, which decreases the bargaining power of the buyers.

 

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

  • Canada Maintenance, Repair & Overhaul Distribution Market - The Canada maintenance, repair & overhaul distribution market size was estimated at USD 13.60 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 4.3% from 2020 to 2028. Periodic maintenance, repair, and overhaul (MRO) activities to reduce operational costs and to enhance the productivity of industrial operations are expected to drive the demand for MRO distribution.

 

  • Aerospace And Defense MRO Market - The global aerospace and defense MRO market size was estimated at USD 44.4 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 14.0% from 2021 to 2028. Expansion of fleet by low-cost airlines, coupled with increasing military spending spurred by the ongoing political conflicts and territorial disputes are expected to drive the market for aerospace and defense maintenance, repair, & overhaul (MRO) over the forecast period.

 

 

North America MRO Distribution Market Segmentation

Grand View Research has segmented the global North America MRO distribution market based on product, end-use, and region:

 

  • 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

 

  • 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

 

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)
  • North America
    • S.
      • New England
      • Mid-Atlantic
      • East North Central
      • West North Central
      • South Atlantic
      • East South Central
      • West South Central
      • West Region
    • Canada

 

Market Share Insights

  • December 2020: Graybar completed the acquisition of Shingle & Gibb Automation. Headquartered in Moorestown, NJ, Shingle & Gibb Automation provides advanced automation and control solutions to industrial users and original equipment manufacturers (OEMs). Shingle & Gibb Automation was founded in 1933 and had five locations in the eastern United States.
  • February 2020: Ferguson PLC completed its purchase agreement to acquire Columbia Pipe & Supply Co., an independent distributor headquartered in Chicago. This acquisition not only increases its existing customer base but also accelerates its Chicago market strategy to expand across the Midwest of the United States rapidly.


Key Companies profiled:

Some prominent players in the global North America MRO distribution market include

  • Hillman Group, Inc.
  • Wajax Industrial Components
  • FCX Performance
  • SBP Holdings
  • S. Hughes Co., Inc.
  • DGI Supply
  • Lawson Products, Inc.
  • AWC
  • Hisco, Inc.
  • Kimball Midwest
  • Bisco Industries
  • Kaydon Corporation
  • BDI

Order a free sample PDF of the North America MRO Distribution Market Intelligence Study, published by Grand View Research. 

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