MRO Market for the Manufacturing Industry Worth $49.65 Billion by 2030

MRO Market for the Manufacturing Industry by Product (Plant Facilities, Automation Equipment, Robots, CNC Equipment), Sector (Consumer Products, Food & Beverage, Automotive, Electronics & Semiconductors) – Global Forecast to 2030

The MRO Market for the Manufacturing Industry is projected to reach $49.65 billion by 2030, at a CAGR of 7.8% from 2023 to 2030. The growth of this market is driven by the proliferation of digital transformation in MRO processes and the growing need to reduce maintenance costs & unplanned downtime. The increasing demand for remote maintenance & repair and the emergence of 5G technology is expected to create market growth opportunities. However, the shortage of skilled workforce is a major challenge for the players operating in this market. Additionally, digital MRO is a major trend in the global MRO market for the manufacturing industry.