Europe MRO Distribution Market is Expected to Amplify USD 222.11 Billion Value by 2028

 Europe MRO Distribution Market Growth & Trends

The Europe MRO distribution market size is expected to reach USD 222.11 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 1.6% from 2021 to 2028. The rise in scheduled maintenance and increasing investments in repair operations are expected to ascend the market growth over the forecast period.

Prominent European industries have adopted integrated repair, maintenance, and operation service concepts for improvements in the equipment and services in critical operations. Many industrial units adopted this change post-recession period and are likely to continue in the projected time. Therefore, the demand for Maintenance, Repair, & Overhaul (MRO) distribution is expected to remain high.

The untapped markets are benefitted owing to the emergence of e-commerce platforms in the European region, thus the penetration of MRO products in the region has escalated. Moreover, the established players in the region have adopted the strategy of acquiring small-scale players to enhance the market presence.

Major players in the regional market are employing several strategies focusing on digital marketing, pricing, product placement, and communication to improve supply channels and enhance sales operations. These enhanced sales processes and standardized sales tools are anticipated to upscale the MRO industry growth in the upcoming future.

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Europe MRO Distribution Market Report Highlights

• The machine consumables product segment accounted for the largest share of 30.2% in 2020 on account of the increasing focus of the end-users on the maintenance and upkeep of critical equipment in order to maintain and enhance their performance and operational lifetime
• The external MRO service type segment is anticipated to witness the fastest growth from 2021 to 2028 owing to the increasing contracts to third-party MRO service providers by the product manufacturers to increase the geographical operation
• The preventive/scheduled maintenance type segment accounted for the largest share of 58.8% in 2020 and is projected to witness significant growth over the forecast period owing to its rising adoption in order to reduce the breakdown and maintenance time
• The machinery and equipment application segment is projected to expand at the fastest CAGR from 2021 to 2028 on account of the growing demand from a diverse range of industry verticals, including construction, automotive, and metalworking
• Germany accounted for the largest share of 21.8% in 2020 owing to the high adoption of preventive and scheduled MRO among the manufacturers operating in the country

Europe MRO Distribution Market Segmentation

Grand View Research has segmented the Europe MRO distribution market on the basis of product, sourcing/service type, maintenance type, distribution channel, application, and country:

Europe MRO Distribution Product Outlook (Revenue, USD Million, 2017 - 2028)

• Bearings & Power Transmission
• Pipes, Valves & Fittings
• Electrical Items
• Packaging Supplies
• Machine Consumables

Europe MRO Distribution Sourcing/Service Type Outlook (Revenue, USD Million, 2017 - 2028)

• Internal MRO
• External MRO

Europe MRO Distribution Maintenance Type Outlook (Revenue, USD Million, 2017 - 2028)

• Preventive/Scheduled Maintenance
• Corrective Maintenance

Europe MRO Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

• Direct
• Indirect

Europe MRO Distribution Application Outlook (Revenue, USD Million, 2017 - 2028)

• Food, Beverage & Tobacco
• Textile, Apparel & Footwear
• Wood & Paper
• Mining, Oil & Gas
• Basic Metals & Metal Products
• Rubber, Plastic And Non-metallic Products
• Chemicals
• Pharmaceuticals
• Electronics
• Machinery and Equipment
• Electrical Equipment
• Transport Equipment
• Manufacturing
• Others

Europe MRO Distribution Country Outlook (Revenue, USD Million, 2017 - 2028)

• Germany
• France
• Italy
• Netherlands
• Belgium
• Switzerland
• Sweden
• Denmark
• Poland
• Austria
• Finland
• Czech Republic
• Hungary
• Slovakia

List of Key Players of Europe MRO Distribution Market

• Kayden Corporation
• Bodo Moller Chemie GmbH
• WABCO
• Graco, Inc.
• Cromwell Group
• Mento AS
• VALEO SERVICE U.K. LIMITED
• Ascendum

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research    reports, customized research reports, and consulting services. To help clients make informed business    decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.