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“The size of the distribution industry for Europe Maintenance, Repair and Overhaul (MRO) is estimated to be worth $187.19bn in 2019”, says Visiongain report

05 September 2019

Visiongain’s new report the Europe Maintenance, Repair and Overhaul (MRO) Market Report 2019-2029: Forecasts by Product (Bearings & Power Transmission, Pipes, Valves & Fittings, Electrical Items, Packaging Supplies, Machine Consumables, Sourcing/Service, Internal MRO, External MRO, Maintenance Type, Preventive/Scheduled Maintenance, Corrective Maintenance), by End Use (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 & Equipment, Electrical Equipment, Transport Equipment, Manufacturing, Others), by MRO Services (IT/Aviation Software, Parts & Logistics Support, Airframe, Engines, Landing Gears, APUs, Components, Line Maintenance) Plus Leading Company Analysis and Regional and Leading National Market Analysis.

The size of the distribution industry for Europe Maintenance, Repair and Overhaul (MRO) is estimated to be worth USD 187.19 billion in 2019. Expanding at a CAGR of 2.3 percent is expected during the forecast period. Overall, MRO volumes consist of two elements: internal, generated by in-house MRO employees; and external, purchased from MRO providers. In the United Kingdom, Scandinavia, Germany and the Netherlands, the highest levels of maturity and integration were observed. Southern and Eastern European nations are not as mature or incorporated as Spain, Italy and the Czech Republic. This is partially because Eastern and Southern Europe's manufacturing plants depend more on local employees and smaller businesses to provide MRO services. As a result, many big MRO service suppliers in these areas have not created service hubs because the demand does not warrant the investment.

MRO Helps Manufacturers To Reduce Cost As Well As The Pressure To Meet Demand

In an effort to deliver quality services at affordable rates, large multinational distributors are focused on meeting different client requirements. On the flip side, the pressure on machinery producers to satisfy demand along with the emphasis on cost reduction has enhanced the attractiveness of retailers and reduced obstacles in integrated services to sophisticated and new ideas. Pressure on manufacturers to decrease costs and maintain product quality has significantly improved the attractiveness of MRO services and reduced obstacles for the region's independent retailers. For example, in February 2019, Aero Norway increased their production capabilities for light and heavy maintenance works to provide quick and efficient services. 

IoT is the most significant trend currently in the Europe MRO distribution industry

In the latest past, the evolution of e-commerce platforms has helped market players achieve greater effectiveness and made access to target markets easier for them. This is the most important trend in the MRO distribution sector in Europe at present. It is therefore anticipated that distribution via e-commerce platforms will bring important penetration and development to nearly every end-use sector for market players. European distributors still need to overcome some prevalent obstacles in order to improve their profitability. These obstacles include excessive dependence on significant providers, distributors' inability to meet OEM warranties and requirements, opposition to moving suppliers, and inner maintenance departments' fear of danger. Therefore, in the next five years, these factors are anticipated to limit the development of the Europe MRO distribution industry.

The Preventive And Scheduled Segment Is Projected To Be The Dominant Maintenance Type

By the end of the forecast period, the preventive and scheduled segment is projected to be the dominant type of maintenance. Equipment breakdown causes loss of time and money and can not afford to face any breakdown conditions to boost profitability along with focus on enhancing return on investment firms. Another factor expected to drive development in this segment is the stringent regulatory framework for every industrial sector in Europe.

Leading Regional & National Analysis

Germany was Europe's leading market in the maintenance, repair and overhaul of supplies and services sector, which is expected to account for a share of more than 32 percent in 2029. With the highest GDP and purchasing power, Germany has the biggest population in the region. The primary factor driving the market is the presence of a big amount of sectors in the nation. Poland is anticipated to emerge as one of the region's fastest increasing consumer economies and is projected to grow from 2019 to 2029 at a CAGR of around 4.5%.

Europe MRO - An Attractive Market With Presence Of Wide Range Of Players.

The supply sector of Europe MRO is an appealing market with a broad spectrum of players present. The regional market was resulted by multinationals such as Pooley, Inc.; Wolseley; Wurth Group; and local businesses including Cromwell Group (Holdings) Limited; Graco BVBA; and Wabco AustriaGmbH. Most retailers have long-term and short-term agreements with a broad range of local and multinational producers to supply all kinds of machinery to industries such as food and drink, chemicals, oil & gas, petrochemicals, aerospace, automotive, and other asset risk and industrial sectors.

Leading Players

Gazechim Composites Norden AB
Cromwell Group (Holdings) Limited
Graco BVBA
Wabco Austria GmbH
Mento AS
Ascendum Spain
Bodo Möller Chemie GmbH
Lindberg & Lund AS

The comprehensive report offers market estimation and forecast for the period ranging 2019 – 2029 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of advanced energy storage systems.

The Europe Maintenance, Repair and Overhaul (MRO) Market Report 2019-2029 report will be of value to anyone who wants to better understand the energy storage market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the energy industry.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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