The Europe MRO distribution market size is expected to reach USD 259.15 billion by 2030, registering a CAGR of 3.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. 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 30.3% in 2023 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 2024 to 2030 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 in 2023 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 2024 to 2030 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 21.9% in 2023 owing to the high adoption of preventive and scheduled MRO among the manufacturers operating in the country.
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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, application, distribution channel and country :
Europe MRO Distribution Product Outlook (Revenue, USD Million, 2017 - 2030)
Bearings Power Transmission
Pipes, Valves Fittings
Electrical Items
Packaging Supplies
Machine Consumables
Europe MRO Distribution Sourcing/Service Type Outlook (Revenue, USD Million, 2017 - 2030)
Internal MRO
External MRO
Europe MRO Distribution Maintenance Type Outlook (Revenue, USD Million, 2017 - 2030)
Preventive/Scheduled Maintenance
Corrective Maintenance
Europe MRO Distribution Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
Direct
Indirect
Europe MRO Distribution Application Outlook (Revenue, USD Million, 2017 - 2030)
Food, Beverage Tobacco
Textile, Apparel Footwear
Wood Paper
Mining, Oil Gas
Basic Metals Metal Products
Rubber, Plastic Non-metallic Products
Chemicals
Pharmaceuticals
Electronics
Machinery Equipment
Electrical Equipment
Transport Equipment
Manufacturing
Others
Europe MRO Distribution Regional Outlook (Revenue, USD Million, 2017 - 2030)
Europe
Germany
France
Italy
Netherlands
Belgium
Switzerland
Sweden
Denmark
Poland
Austria
Finland
Czech Republic
Hungary
Slovakia
List of Key Players of Europe MRO Distribution Market
Cromwell Group (Holdings) Ltd.
Graco Inc.
WABCO
Mento AS
Valeo Service U.K. Ltd.
Ascendum
Bodo Möller Chemie GmbH
Lindberg Lund AS
MCtechnics
Neumo-Egmo Spain SL
Gazechim Composites Norden AB
Plastorgomma Srl
Norwegian Oilfield Supply AS
Kron CIS GmbH
Elmbridge Supplies Company Ltd.
Mates Italiana SRL
ABIC Kemi AB, Ferguson plc
RS Components
Transfer Multisort Elektronik Sp. z.o.o.
Premier Farnell, Sonepar
Wurth Group
Lapp Group
Weidmüller Interface GmbH Co. KG
Pepperl+Fuchs AG
ebm-papst Group
WAGO Kontakttechnik GmbH Co. KG
Rittal GmbH Co. KG
Phoenix Contact
Schneider Electric
Panasonic Industry Europe GmbH
Festo AG Co. KG
ABB Group
Rohde Schwarz
Fluke Corporation
Testo SE Co. KGaA
BENNING Elektrotechnik und Elektronik GmbH Co. KG
Wera Werkzeuge GmbH
RUBIX
Descours Cabaud
Eriks Group
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.
