Maintenance Repair And Operations Global Market Report 2025

Maintenance, repair, and operations (MRO) encompass services related to the equipment, materials, and tools utilized in the regular operations of a business. Excluding materials, goods, or services directly used in production, MRO supports the maintenance of workflow across various industries, contributing to improved profitability and operational efficiency by reducing downtime and enhancing production and productivity.

The primary types of Maintenance, Repair, and Operations (MRO) include industrial MRO, electrical MRO, facility MRO, and others. Industrial MRO involves activities related to maintaining and repairing industrial machinery, equipment, and facilities to ensure their efficient and effective operation. This category of MRO services is provided by both original equipment manufacturers (OEMs) and aftermarket service providers, catering to a diverse range of end-users, including manufacturing, construction, electrical, facilities, mining, aerospace and defense, automotive, food and beverage, pharmaceuticals, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a notable impact on the services sector, particularly in business services, IT, and professional consulting. The increased costs of imported technology, office equipment, and critical digital infrastructure are driving up operating expenses for service providers, compelling them to either pass these costs on to clients or absorb the financial strain themselves. Outsourcing firms and IT service providers are grappling with higher hardware costs and supply chain delays, which are disrupting project timelines and squeezing profitability. Furthermore, retaliatory tariffs have weakened demand for U.S.-based professional services in key global markets, slowing export-driven revenues. To navigate these challenges, the sector must focus on accelerating digital transformation, optimizing costs, and strengthening domestic client relationships to sustain growth and remain competitive in an increasingly uncertain trade environment.

The maintenance, repair, and operations market research report is one of a series of new reports from The Business Research Company that provides maintenance, repair, and operations market statistics, including maintenance, repair, and operations industry global market size, regional shares, competitors with a maintenance, repair, and operations market share, detailed maintenance, repair, and operations market segments, market trends and opportunities, and any further data you may need to thrive in the maintenance, repair, and operations industry. This maintenance, repair, and operations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The maintenance repair and operations market size has grown marginally in recent years. It will grow from $698.05 billion in 2024 to $711.46 billion in 2025 at a compound annual growth rate (CAGR) of 1.9%. The growth in the historic period can be attributed to industrialization and manufacturing growth, equipment lifecycle management, regulatory compliance, asset reliability and availability, preventive maintenance practices.

The maintenance repair and operations market size is expected to see steady growth in the next few years. It will grow to $825.76 billion in 2029 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to focus on worker safety, predictive and prescriptive maintenance, resilience planning and risk mitigation, mobile solutions for field maintenance, rise of e-commerce platforms. Major trends in the forecast period include digitalization and industry 4.0 integration, strategic spare parts management, customization of MRO solutions, collaborative robotics and automation, data-driven decision-making.

The forecast of 3.8% growth over the next five years reflects a slight reduction of 0.1% from the previous projection. This reduction is primarily due to the impact of tariffs between the US and other countries. The U.S. could experience elevated facility costs as spare parts, condition monitoring systems, and industrial lubricants sourced from Germany and China become more expensive to implement across operations. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The anticipated surge in infrastructure development investments is poised to drive the expansion of the maintenance, repair, and operations (MRO) market. Infrastructure development encompasses the comprehensive process of planning, designing, financing, constructing, and sustaining physical and organizational structures crucial for societal and economic functionality. MRO services play a pivotal role in the effective management and upkeep of infrastructure assets, including buildings, bridges, roads, and utilities. This ensures their prolonged lifespan and reliability, thereby mitigating the need for costly replacements through routine maintenance. For example, as reported by the World Bank, a leading U.S.-based international financial institution, April 2023 witnessed a sustained recovery in infrastructure investments within low- and middle-income countries during 2022. Private participation in infrastructure (PPI) investments exhibited a noteworthy 23% increase compared to 2021, reaching $91.7 billion across 263 projects. Consequently, the escalating investments in infrastructure development are expected to fuel the growth trajectory of the maintenance, repair, and operations market.

The growing demand in the manufacturing industry is expected to drive the growth of the maintenance, repair, and operations market in the future. The manufacturing sector encompasses the production of goods, typically involving the transformation of raw materials into finished products. Effective maintenance, repair, and operations practices in this industry provide various benefits, including enhanced reliability, cost savings, improved safety, and greater overall operational efficiency. For example, in July 2024, the Office for National Statistics, a UK government department, reported that the total value of product sales by UK manufacturers reached £429.8 billion ($469.34 billion) in 2022, an increase of £28.4 billion ($31.01 billion) from £401.5 billion ($438.43 billion) in 2021, representing a 7% rise. Therefore, the increasing demand in the manufacturing sector is fueling the growth of the maintenance, repair, and operations market.

A key trend in the maintenance, repair, and operations market is the adoption of technological advancements. Major market players are incorporating new technologies to maintain their competitive positions. For instance, Henkel AG & Co. KGaA introduced the Loctite Pulse Smart Steam Trap digital system, a data-enabled technology designed to monitor industrial steam systems digitally. Equipped with intelligent analytics and sensors, this innovation predicts energy losses and detects early-stage malfunctions, enhancing productivity, safety, and overall efficiency.

Major companies operating in the maintenance, repair, and operations market are focusing on innovative products, such as innovative clinical data exchange, to enhance operational efficiency, improve service delivery, and optimize maintenance processes across various sectors. Innovative clinical data exchange refers to the advanced sharing of healthcare information between providers, payers, and patients using cutting-edge technology to enhance communication, improve patient outcomes, and streamline care delivery. For instance, in June 2023, MRO Corp., a US-based healthcare organization, launched Payer Exchange. Payer Exchange is a technology solution designed to automate the clinical data exchange process between healthcare providers and payers, significantly reducing administrative burdens during risk adjustment and other mandatory reviews. By digitizing and streamlining the patient information request and fulfillment process, it enhances efficiency and minimizes manual intervention, allowing for faster response times to medical record requests. This solution not only improves workflow transparency but also ensures compliance with data privacy regulations while maintaining high-quality data exchange standards.

In September 2024, Safran, a France-based aerospace and defense company, acquired Component Repair Technologies for an undisclosed amount. This acquisition was intended to enhance Safran's capabilities in component repair services, thereby strengthening its portfolio in the aerospace maintenance, repair, and overhaul (MRO) market. Component Repair Technologies, a US-based company, is known for its expertise in delivering advanced repair solutions for aircraft components, which contribute to improved efficiency and reliability in aviation operations.

Major companies operating in the maintenance repair and operations market include Airgas Inc., Applied Industrial Technologies Inc., W.W. Grainger Inc., Lawson Products Inc., WESCO International Inc., ERIKS N.V., Adolf Wurth GmbH And Co. KG, Graybar Electric Company Inc., Rexel Group, Genuine Parts Company, Johnson Controls International plc, Caterpillar Inc., Motion Industries Inc., Rubix Limited, HAECO Group, MSC Industrial Direct Co. Inc., Hayley Group Limited, RS Components, Sonepar SA, Fastenal Company, The Home Depot Inc., Builders Firstsource Inc., Bluelinx Holdings, Eastern Power Technologies Inc., Consolidated Electrical Distributors Inc., Elliot Electric Supply Company, Border States Electric Industries Inc., Ferguson plc, HD Supply Holdings Inc., Pratt & Whitney

Europe was the largest region in the maintenance repair and operations market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global maintenance repair and operations market during the forecast period. The regions covered in the maintenance repair and operations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the maintenance repair and operations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The maintenance, repair, and operations (MRO) market consists of revenues earned by entities by providing services such as facility lighting services, maintenance services, and janitorial services. The market value includes the value of related goods sold by the service provider or included within the service offering. The maintenance, repair, and operations market also includes sales of drill presses, forklifts, jacks, powered and manual hand tools, mops, and brooms, which are used in providing maintenance, repair, and operations services. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Maintenance Repair And Operations Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on maintenance repair and operations market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for maintenance repair and operations ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The maintenance repair and operations market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By MRO (Maintenance, Repair, And Operations) Type: Industrial MRO (Maintenance, Repair And Operations); Electrical MRO (Maintenance, Repair And Operations); Facility MRO (Maintenance, Repair And Operations); Other Types
• 2) By Provider: OEM ( Original Equipment Manufacturer); Aftermarket
• 3) By End User: Manufacturing; Construction; Electrical; Facility; Mining; Aerospace And Defense; Automotive; Food And Beverages; Pharmaceuticals; Other End Users
• Subsegments:
• 1) By Industrial MRO: Tools and Equipment; Safety Products; Maintenance Supplies; Lubricants and Oils; Cleaning Supplies
• 2) By Electrical MRO: Electrical Components; Wiring and Cabling; Circuit Protection; Lighting Products; Control Devices
• 3) By Facility MRO: HVAC Systems; Plumbing Supplies; Facility Maintenance Equipment; Janitorial Supplies; Building Repair Materials
• 4) Other Types: Specialized MRO Services; Software And Technology Solutions; Procurement Services
• Companies Mentioned:Airgas Inc.; Applied Industrial Technologies Inc.; W.W. Grainger Inc.; Lawson Products Inc.; WESCO International Inc.; ERIKS N.V.; Adolf Wurth GmbH And Co. KG; Graybar Electric Company Inc.; Rexel Group; Genuine Parts Company; Johnson Controls International plc; Caterpillar Inc.; Motion Industries Inc.; Rubix Limited; HAECO Group; MSC Industrial Direct Co. Inc.; Hayley Group Limited; RS Components; Sonepar SA; Fastenal Company; The Home Depot Inc.; Builders Firstsource Inc.; Bluelinx Holdings; Eastern Power Technologies Inc.; Consolidated Electrical Distributors Inc.; Elliot Electric Supply Company; Border States Electric Industries Inc.; Ferguson plc; HD Supply Holdings Inc.; Pratt & Whitney
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: PDF, Word and Excel Data Dashboard.