North America MRO Distribution Market Credit $194.38 Billion By 2025 With CAGR 3.1% | Grand View Research Inc.

Posted on 2019-06-17 by researchinsights in Energy // 0 Comments

San Francisco, United States, 2019-Jun-17 — /EPR Network/ —

The North America maintenance, repair & overhaul distribution market size is expected to reach USD 194.38 billion by 2025 at a 3.1% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Increasing technological advancements in the region, such as smart factories and ranking predictive analytics, are expected to boost product demand over the forecast period.

Manufacturing companies are focused on key performance indicators (KPIs) such as reliability of equipment, end-user complaints, and efficiency analysis of in-house maintenance teams. The aforementioned initiatives aid in achieving operational efficiency of the production plant, along with augmenting demand for MRO distribution in the region.

MRO is responsible for reducing operational cost as well as enhancing the productivity of the plant. This results in agreements by OEMs with MRO distribution channel partners for improving operational efficiency and obtaining high profits. Furthermore, specific solutions offered by MRO distributors to address the needs of end-use industries is expected to drive the market.

Industry participants are engaged in providing high quality, competitively priced products, along with complying with industrial standards for safety. However, improper waste management associated with MRO materials is likely to hamper market growth. Furthermore, large and sluggish movement of inventories of MRO products is expected to restrain its growth.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/north-america-maintenance-repair-overhaul-mro-distribution-market

Further key findings from the report suggest:

Power transmission-hydraulics accounted for 11.9% of the regional market in 2018 and is estimated to witness significant growth on account of rising investment in the manufacturing sector, coupled with increasing demand for power transmission
Automation products are expected to exhibit a CAGR of 4.6% from 2019 to 2025 on account of technology upgradation and increasing regulations for quality maintenance in the manufacturing sector
Consumption of the product in the food, beverages, and tobacco industry is likely to register a CAGR of 3.7% owing to rising consumer demand for nutritious food, coupled with need for cost saving due to high competition in the industry
Product demand in New England is expected to register a CAGR of 4.4% on account of increasing manufacturing output in the country attributed to rising upgradation and modification in various production facilities
Major players in the industry are focusing on product portfolio expansion as well as investment in distribution channels, to obtain a competitive edge in the market.

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Grand View Research has segmented the North America MRO distribution market on the basis of product, end use, and region:

North America MRO Distribution Product Outlook (Revenue, USD Million, 2014 – 2025)

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

North America MRO Distribution End-use Outlook (Revenue, USD Million, 2014 – 2025)

Food, Beverage, & Tobacco
Textile
Wood & Paper
Mining, Oil, & Gas
Metal Processing & Foundry
Rubber, Plastic & Non-Metallic
Chemicals
Pharmaceuticals
Electrical & Electronics
Transportation
Aircraft
Machinery
Construction
Others

North America MRO Distribution Regional Outlook (Revenue, USD Million, 2014 – 2025)

North America
- U.S.
  - New England
  - Mid Atlantic
  - East North Central
  - West North Central
  - South Atlantic
  - East South Central
  - West South Central
  - West region
- Canada

For Press Release of This Research Report by Grand View Research:

https://www.grandviewresearch.com/press-release/north-america-maintenance-repair-overhaul-mro-distribution-market-analysis

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.

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