MRO products refer to industrial supplies that are not raw materials used in production. They are typically materials and services used for maintenance, repair, and operation of equipment, without directly becoming part of the final product in the manufacturing process. These products encompass a wide range of consumables and equipment categories. MRO procurement services, on the other hand, refer to activities related to sourcing, purchasing, and other services that revolve around the supply chain of MRO products

Global Maintenance Repair and Operations (MRO) Market, By MRO Type (Industrial MRO, Electrical MRO, Facility MRO, and Others), Provider (Original Equipment Manufacturer (OEM), and Aftermarket), End-Use (Manufacturing, Construction, Electrical, Facility, Mining, Aerospace and Defense, Automotive, Food and Beverages, Pharmaceuticals, Chemicals, Oil and Gas, and Others), Technology (3D Printing, AR/VR, Artificial Intelligence, Robotics, Big Data Analytics, Internet of Things (IOT), Predictive Maintenance, and Others), Application (Predictive Analysis, Performance Monitoring, Inspection, Mobility and Functionality, and Others) - Industry Trends and Forecast to 2031.

Alliance pairs Verusen's MRO parts optimization with Fluke's enterprise asset management capabilities，Fluke Reliability has entered into a formal partnership agreement with Verusen. The agreement combines Verusen’s AI-driven visibility of maintenance, repair and operations (MRO) spare parts inventory and back-office functions with Fluke Reliability’s AI-powered enterprise asset management solutions to increase uptime, enhance maintenance and reliability operations efficiency, and drive customer productivity, the partners said.

A new study has found that demand for MRO shop visits at the end of the decade could exceed supply by over 17 percent, impeding air traffic growth by forcing operators to limit flights and routes.U.S. management consultants Bain & Company said airlines already face "historically high" engine shop turnaround times, up by 35 percent or more for legacy engines and more than 150 percent for new generation engines, compared to pre-pandemic levels.

The global maintenance, repair, and operations (MRO) market size achieved a value of USD 747.61 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 2.4% between 2024 and 2032, reaching approximately USD 922.70 billion by 2032. This blog provides an in-depth analysis of the MRO market, including market outlook, report overview, market size, dynamics, drivers, challenges, segmentation, recent developments, component insights, end-user insights, regional insights, key players, market trends, industry news, and application insights. Additionally, it addresses six frequently asked questions (FAQs) to offer a comprehensive understanding of the market's growth trajectory during the forecast period.

l Maintenance, repair, and operations (MRO) are essential for industrial operations. Effective MRO practices can help companies manage their inventory and supply chain, which is critical in a manufacturing process that requires several different materials. The absence of one or two critical suppliers can have disastrous consequences, making it important to have a reliable and efficient MRO system.