Maintenance, Repair, and Operations (MRO) Industry Market Overview
The global maintenance, repair, and operations (MRO) market was valued at USD 616.01 billion in 2020, and it is projected to be worth USD 701.30 billion by 2026, registering a CAGR of 2.19% from 2021 to 2026. The growing concern for increasing internal efficiency, growing digitization, and increasing investment in maintenance operations are some of the major factors driving the MRO market. As MRO helps reduce operational expenditure substantially through process efficiency and optimized supply chain management, many end-user companies are investing in the market.
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Maintenance, Repair, and Operations (MRO) Industry – Geographical Overview
The Asia Pacific region is anticipated to witness the highest market share in the MRO Industry
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Key Highlights of the Maintenance, Repair, and Operations (MRO) Industry
Impact of COVID-19 on Maintenance, Repair, and Operations (MRO) Industry
The COVID-19 outbreak has severely affected various countries across the globe. This is continuing to affect various industries, as demands are shrinking along with several disruptions to supply chain and operational challenges. MRO vendors are struggling to maintain their SKUs with the growing disruptions in the global supply chain.
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List of Key Players in the Maintenance, Repair, and Operations (MRO) Industry
*List Not Exhaustive
Mordor Intelligence has segmented the MRO industry on the basis of MRO type and geography
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