The Europe MRO distribution market is expected to value USD 259.16 billion by 2030 and anticipated to register a CAGR of 2.8% from 2022 to 2030. The market is predominantly driven by the rising demand for maintenance, repair, and service procedures in industrial activities, primarily in Norway, Germany, Sweden, and Finland.
The commercial accessibility of MRO items and a skilled labor force for services have opened up numerous opportunities for the growth of industrial and manufacturing enterprises in Europe. Additionally, this has increased sales for the major players in the European economies. Additionally, rising industrial output is anticipated to result in an increase in MRO activities in Germany, Italy, France, and Russia.
In order to improve the caliber of equipment and services utilized in crucial activities, numerous industries in Europe have implemented integrated service models. This idea aids businesses in lowering the expense of upkeep and repair. Over the predicted period, it is expected that this trend would dominate the European market.
The launch of e-commerce platforms has had a big impact on the local market. Due to a more efficient and seamless operating flow, distributors and channel partners for the critical MRO components have benefited from these platforms. This has had a direct impact on the business plans of European MRO service suppliers.
To survive in the cutthroat market, key businesses are concentrating on lowering operational costs, improving quality, increasing output, and acquiring small players. Major businesses are concentrating on offering additional services for repair and maintenance in addition to component delivery. In order to streamline the inflow and outflow of the components, these players are also concentrating on inventory management.
Europe MRO Distribution Market Report Key Takeaways
- The machine consumables segment emerged as the leading segment in 2021, accounting for an overall revenue share of 30%. Worn-out machine implores the repair and replacement of machine components over time. These components include machine oils, wires, fluids, shafts, rotators, general machine spare parts, fasteners, and cutting devices, among others
- The growing demand for sophisticated and durable bearings is projected to drive the demand for the machine consumables product segment during the upcoming years. Moreover, the demand for bearings in machinery, automotive manufacturing, and other heavy-duty sectors can be ascribed to their ability to carry high loads
- In terms of revenue, the external MRO distribution operations segment headed the market, capturing a share of over 71% in 2021. The majority of businesses are concentrating on minimizing internal departments' efforts related to MRO operations
- Based on distribution channel, the direct segment accounted for the largest share of 70% in 2021 and is projected to continue its dominance during the forecast period
- Direct distribution includes the practice of MRO component manufacturers supplying goods directly to OEMs and cutting out channel participants. As a result, both production businesses and MRO service providers have lower procurement costs. However, inventory management is an important activity because the costs of raw materials have an impact on product prices
Europe MRO Distribution Market Segments
- 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)
- 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 Country Outlook (Revenue, USD Million, 2017 - 2030)
- Czech Republic
- Hungary
- Slovakia
- Austria
- Finland
- France
- Germany
- Italy
- Belgium
- The Netherlands
- Poland
- Sweden
- Denmark
- Switzerland
- List of Key Players in the 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
