PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424082
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1424082
North America MRO Distribution Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use; By Country; Segment Forecast, 2024 - 2032
The North America MRO distribution market size is expected to reach USD 200.37 Billion by 2032, according to a new study by Polaris Market Research. The report "North America MRO Distribution Market Share, Size, Trends, Industry Analysis Report, By Product; By End-Use; By Country; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The North American MRO distribution market is a vital sector that provides various industries with the necessary goods and services to maintain their everyday operations. Presently, this market is undergoing significant transformations due to various trends. One of the most notable trends is the inclination towards digitalization and the adoption of e-commerce. The emergence of e-commerce platforms has raised customer expectations for easy online shopping experiences, quick delivery times, and hassle-free returns.
Another trend that is gaining momentum in the market is the consolidation of players through mergers and acquisitions. This is leading to increased consolidation, with larger players acquiring smaller ones to expand their product offerings, increase their customer base, and strengthen their geographic presence. Predictive maintenance and IoT integration are also becoming increasingly important in the MRO distribution market. The use of predictive analytics and IoT technology enables companies to predict potential equipment failures and schedule proactive maintenance, reducing downtime and increasing operational efficiency.
The outsourcing of maintenance and repair operations to third-party providers has resulted in a surge in demand for reliable and efficient MRO services, particularly in the manufacturing, transportation, and construction sectors. Equipment downtime in these sectors leads to significant losses and disrupts supply chains. As a result, MRO distributors are broadening their offerings to include a wider range of products and value-added services, such as inventory management, technical support, and predictive analytics.
North America MRO Distribution Market Report Highlights
In 2023, the North American MRO distribution market was dominated by the automation segment in terms of revenue share. The reason behind this was the growing use of digital technologies and automation solutions in different industries, such as oil and gas, manufacturing, and transportation, among others.
The North American MRO distribution market is anticipated to witness significant growth in the food, beverage, and tobacco segment in the coming years. This growth can be attributed to the rise in demand for processed and packaged foods and the growing trend of online grocery shopping. As a result, there is a need for more advanced and efficient supply chain management systems that can handle the increased demand.
In 2023, the North American MRO distribution market was dominated by the United States, owing to the country's extensive and well-established aviation and manufacturing industry. As a hub for many major airlines and manufacturers in the sector, there is a high demand for MRO services and products in the country, which has led to significant growth in the distribution market.
The North American key market players include Applied Industrial Technologies, Bearing Distributors, Inc., Bisco Industri, DGI Supply, FCX Performance, Harrington Process, Hillman Group, Inc., Hisco, Inc., Kaydon Bearings, Lawson Products, Inc., MSC Industrial Supply, R.S. Hughes Co., Inc., Stellar Industrial Supply, Grainger, Inc., Wajax Limited, etc.
Polaris Market Research has segmented the North America MRO distribution market report based on product, end-use, and country:
North America MRO Distribution, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Abrasives
- Automation
- Chemicals
- Cutting Tools
- Fasteners
- Hand Tools
- Pipes, Valves & Fitting
- Power Tools
- Power Transmission - Electronics
- Power Transmission - Hydraulics
- Power Transmission - Pneumatics
- Rubber Products
- Seal
- Welding Equipment & Gases
- Others
North America MRO Distribution, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Chemicals
- Construction
- Electrical & Electronics
- Food, Beverage & Tobacco
- Metal Processing & Foundry
- Mining, Oil & Gas
- Pharmaceuticals
- Rubber, Plastic & Non-metallic
- Textile
- Transportation
- Wood & Paper
- Other
North America MRO Distribution, Country Outlook (Revenue - USD Billion, 2019 - 2032)
- U.S.
- Canada
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. North America MRO Distribution Market Insights
- 4.1. North America MRO Distribution Market - Industry Snapshot
- 4.2. North America MRO Distribution Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. The growth of the service industry in the region is driving the market growth
- 4.2.1.2. Predictive maintenance and IoT integration drives market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Logistics and inventory management challenges are affecting the North American MRO distribution market growth
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. North America MRO Distribution Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. North America MRO Distribution Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. North America MRO Distribution, by Product, 2018-2030 (USD Billion)
- 5.3. Abrasives
- 5.3.1. North America MRO Distribution Market, by Abrasives, 2018-2030 (USD Billion)
- 5.4. Automation
- 5.4.1. North America MRO Distribution Market, by Automation, 2018-2030 (USD Billion)
- 5.5. Chemicals
- 5.5.1. North America MRO Distribution Market, by Chemicals, 2018-2030 (USD Billion)
- 5.6. Cutting Tools
- 5.6.1. North America MRO Distribution Market, by Cutting Tools, 2018-2030 (USD Billion)
- 5.7. Fasteners
- 5.7.1. North America MRO Distribution Market, by Fasteners, 2018-2030 (USD Billion)
- 5.8. Hand Tools
- 5.8.1. North America MRO Distribution Market, by Hand Tools, 2018-2030 (USD Billion)
- 5.9. Pipes, Valves & Fitting
- 5.9.1. North America MRO Distribution Market, by Pipes, Valves & Fitting, 2018-2030 (USD Billion)
- 5.10. Power Tools
- 5.10.1. North America MRO Distribution Market, by Power Tools, 2018-2030 (USD Billion)
- 5.11. Power Transmission - Electronics
- 5.11.1. North America MRO Distribution Market, by Power Transmission - Electronics, 2018-2030 (USD Billion)
- 5.12. Power Transmission - Hydraulics
- 5.12.1. North America MRO Distribution Market, by Power Transmission - Hydraulics, 2018-2030 (USD Billion)
- 5.13. Power Transmission - Pneumatics
- 5.13.1. North America MRO Distribution Market, by Power Transmission - Pneumatics, 2018-2030 (USD Billion)
- 5.14. Rubber Products
- 5.14.1. North America MRO Distribution Market, by Rubber Products, 2018-2030 (USD Billion)
- 5.15. Seal
- 5.15.1. North America MRO Distribution Market, by Seal, 2018-2030 (USD Billion)
- 5.16. Welding Equipment & Gases
- 5.16.1. North America MRO Distribution Market, by Welding Equipment & Gases, 2018-2030 (USD Billion)
- 5.17. Others
- 5.17.1. North America MRO Distribution Market, by Others, 2018-2030 (USD Billion)
6. North America MRO Distribution Market, by End-Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. North America MRO Distribution Market, by End-Use, 2018-2030 (USD Billion)
- 6.3. Chemicals
- 6.3.1. North America MRO Distribution Market, by Chemicals, 2018-2030 (USD Billion)
- 6.4. Construction
- 6.4.1. North America MRO Distribution Market, by Construction, 2018-2030 (USD Billion)
- 6.5. Electrical & Electronics
- 6.5.1. North America MRO Distribution Market, by Electrical & Electronics, 2018-2030 (USD Billion)
- 6.6. Food, Beverage & Tobacco
- 6.6.1. North America MRO Distribution Market, by Food, Beverage & Tobacco, 2018-2030 (USD Billion)
- 6.7. Metal Processing & Foundry
- 6.7.1. North America MRO Distribution Market, by Metal Processing & Foundry, 2018-2030 (USD Billion)
- 6.8. Mining, Oil & Gas
- 6.8.1. North America MRO Distribution Market, by Mining, Oil & Gas, 2018-2030 (USD Billion)
- 6.9. Pharmaceuticals
- 6.9.1. North America MRO Distribution Market, by Pharmaceuticals, 2018-2030 (USD Billion)
- 6.10. Rubber, Plastic & Non-metallic
- 6.10.1. North America MRO Distribution Market, by Rubber, Plastic & Non-metallic, 2018-2030 (USD Billion)
- 6.11. Textile
- 6.11.1. North America MRO Distribution Market, by Textile, 2018-2030 (USD Billion)
- 6.12. Transportation
- 6.12.1. North America MRO Distribution Market, by Transportation, 2018-2030 (USD Billion)
- 6.13. Wood & Paper
- 6.13.1. North America MRO Distribution Market, by Wood & Paper, 2018-2030 (USD Billion)
- 6.14. Other
- 6.14.1. North America MRO Distribution Market, by Other, 2018-2030 (USD Billion)
7. North America MRO Distribution Market, by Countries
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. North America MRO Distribution Market Assessment, By Countries, 2018-2030 (USD Billion)
- 7.2.2. North America MRO Distribution Market - U.S
- 7.2.2.1. U.S: North America MRO Distribution Market, by Product, 2018-2030 (USD Billion)
- 7.2.2.2. U.S: North America MRO Distribution Market, by End-Use, 2018-2030 (USD Billion)
- 7.2.3. North America MRO Distribution Market - Canada
- 7.2.3.1. Canada.: North America MRO Distribution Market, by Product, 2018-2030 (USD Billion)
- 7.2.3.2. Canada.: North America MRO Distribution Market, by End-Use, 2018-2030 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Applied Industrial Technologies
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Bearing Distributors, Inc.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Bisco Industries
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. DGI Supply
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. FCX Performance
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Harrington Process
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Harrington Process
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Hillman Group, Inc.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Hisco, Inc.
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Kaydon Bearings
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Lawson Products, Inc.
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. MSC Industrial Supply
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. R.S. Hughes Co., Inc
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Stellar Industrial Supply
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Grainger, Inc.
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Wajax Limited
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
List of Tables
- Table 1 North America MRO Distribution Market, by Product, 2018-2030 (USD Billion)
- Table 2 North America MRO Distribution Market, by End-Use, 2018-2030 (USD Billion)
- Table 3 North America MRO Distribution Market Assessment, By Countries, 2018-2030 (USD Billion)
- Table 4 U.S: North America MRO Distribution Market, by Product, 2018-2030 (USD Billion)
- Table 5 U.S: North America MRO Distribution Market, by End-Use, 2018-2030 (USD Billion)
- Table 6 Canada.: North America MRO Distribution Market, by Product, 2018-2030 (USD Billion)
- Table 7 Canada.: North America MRO Distribution Market, by End-Use, 2018-2030 (USD Billion)
List of Figures
- Figure 1 North America MRO Distribution Market, 2018-2030 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Countries
- Figure 5 Porter's Five Forces
- Figure 6 Market by Product
- Figure 7 North America MRO Distribution Market, by Product, 2021 & 2030 (USD Billion)
- Figure 8 Market by End-Use
- Figure 9 North America MRO Distribution Market, by End-Use, 2021 & 2030 (USD Billion)
- Figure 10 North America MRO Distribution Market Assessment, By Countries, 2018-2030 (USD Billion)
- Figure 11 Strategic Analysis - North America MRO Distribution Market
