Europe MRO Distribution Industry anticipated to witness the fastest growth from 2024 to 2030

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The increasing need for the development, maintenance, and repair of industrial equipment and services for industries in the region is expected to drive the demand for MRO distribution over the forecast period.

Europe MRO Distribution Industry Overview

 

The Europe MRO distribution market size was estimated at USD 210.02 billion in 2023 and is projected to grow at a compounded annual growth rate (CAGR) of 3.2% from 2024 to 2030. The increasing need for the development, maintenance, and repair of industrial equipment and services for industries in the region is expected to drive the demand for MRO distribution over the forecast period.

 

Gather more insights about the market drivers, restrains and growth of the Europe MRO Distribution Market

 

The increasing cost of logistics is a challenging factor for suppliers as it directly affects the cost of MRO operations. The components used in MRO operations vary in terms of size, shape, and dimensions; hence, they require dedicated transportation. Moreover, some of the MRO components need specialized logistic services owing to their fragile property, thereby, increasing the cost of logistics. However, logistic companies are acquiring contracts in the supply channel to transport the components from manufacturer to distributor or directly to the OEMs, thus reducing the overall cost of operations.

 

Prominent players across the globe are focusing on achieving quality standards in order to provide quality services at affordable prices. On the other hand, the pressure to adhere to demand by equipment manufacturers, along with the growing importance of cost reduction, has amplified the attractiveness of distributors and dropped the barriers to advanced and new concepts in integrated services.

 

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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

 

Key Companies profiled:

 

  • 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

 

Key Europe MRO Distribution Company Insights

 

Some of the key players operating in the market include WABCO, Graco, and Wurth Group.

  • Graco operates as a global supplier of several varieties of fluid handling systems and associated components. The major functions of these systems include moving, measuring, controlling, and dispensing in tandem with applying a complete portfolio of fluids along with viscous materials used in commercial industrial settings and vehicle lubrication. Industries served by the company include manufacturing, construction, maintenance, and processing.
  • WABCO operates as a global supplier of commercial vehicle technologies and services for enhancing safety, efficiency, and connectivity of commercial vehicles. The key products that the company designs and markets include stability, braking, transmission control, air compressing systems, and suspension for commercial trucks, buses, trailers, passenger cars, and SUVs. It sells its products directly to auto and auto component manufacturers including BMW, Volvo, Ashok Leyland, and Daimler.
  • Elmbridge Supplies Company Ltd., Ferguson plc, Kron CIS GmbH are some of emerging market participants.
  • Elmbridge Supplies Company Ltd. operates as a distributor of industrial products specializing in wood coatings, industrial coatings, industrial spray equipment, abrasives, compressors, and welding and engineering supplies. The company’s services include maintenance repair, installations, repair, support training, and consulting.

 

Recent Developments

 

  • In February 2023, Bodo Möller Chemie GmbH expanded its business in West Africa. The company started its warehouse Nigerian metropolitan area, which supplies adhesives, fillers, resins, and additives. The new facility will help the company shorten the supply chain of products.
  • In October 2022, Premier Farnell Limited strengthened its investments in industrial products in order to support predictive maintenance services for manufacturers. This includes accumulation of industrial internet of things (IIoT) to help manufacturers save time, cost and effort required to implement scheduled maintenance.

 

Order a free sample PDF of the Europe MRO Distribution Market Intelligence Study, published by Grand View Research.

 

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