Market Overview:
The global MRO for automation solutions market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automation solutions in various industries, such as mechanical, chemicals, oil & gas, energy and utilities, food & medical and others. Additionally, the growing trend of Industry 4.0 is also contributing significantly to the growth of this market.
Product Definition:
MRO for Automation Solutions is the acronym for "maintenance, repair, and operations" and it refers to the various business functions that are responsible for keeping a company's production facilities up and running. MRO for Automation Solutions is important because it enables companies to maintain a high level of production efficiency while minimizing downtime.
MRO Items:
MRO items are consumables and semi-finished goods that are required to carry out maintenance, repair and overhaul (MRO) operations. These include tools, spare parts, fluids & gases, electronic components as well as finished products. MRO operations involve the use of various types of equipment including testing equipment & software such as Electronic Test Equipment (ATE), Manufacturing Execution System (MES), manufacturing execution system software etc.
Service:
Service is a software platform that enables the service industry to automate their work processes. It helps companies in managing customer data, improving order processing, and enhancing collaboration with suppliers. Service automation solutions help service providers improve their productivity and operational efficiency by streamlining workflows through the use of advanced analytics. These solutions also help increase workforce productivity by automating time-consuming tasks so that employees can focus on higher value activities.
Application Insights:
The mechanical application segment accounted for the largest revenue share of over 40% in 2017. The global MRO for automation solutions market is expected to witness significant growth on account of increasing demand from various industries such as oil & gas, energy and utilities, food & medical, chemicals and others.
The oil & gas industry is one of the leading consumers of manufacturing services due to its highly automated production lines. These lines require a large number of components that are either custom designed or manufactured using standard products. The need to maintain high production standards while reducing costs has resulted in an increased focus on streamlining supply chains through optimization processes such as material management and process engineering across the globe.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The regional market is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to increasing investments in manufacturing facilities and rising demand for industrial robots from countries such as China, Japan, South Korea, India, and Taiwan.
The Asia Pacific has been witnessing strong economic growth since 2010 with China emerging as a dominant economy across the globe. In 2016, China accounted for 23% of global industrial robot sales; however; it was estimated that there were around 566 thousand units sold in Japan which was second only behind that of China’s number one position globally (Kato & Kunitake 2015). Moreover high levels of unemployment have led many people across Japan to turn towards automation technology offering numerous opportunities for MRO suppliers over the next few years (Kato & Kunitake 2015).
Growth Factors:
- Increasing demand for automation in manufacturing sector to improve efficiency and productivity
- Rising adoption of industrial robots for various applications in manufacturing sector
- Growing demand for autonomous vehicles and drones across different industries
- Proliferation of IIoT and big data analytics to drive the growth of MRO market for automation solutions
- Emergence of new business models such as pay-per-use, subscription, and leasing to increase the penetration of MRO market
Scope Of The Report
Report Attributes
Report Details
Report Title
MRO for Automation Solutions Market Research Report
By Type
MRO Items, Service
By Application
Mechanical, Chemicals, Oil & Gas, Energy and Utilities, Food & Medical, Others
By Companies
Emerson Electric, Bilfinger, W.W. Grainger, Honeywell, GE, ABB, Siemens, Schneider Electric, Toshiba, Rockwell Automation, Mitsubishi Electric, WESCO International, Yokogawa Electric, Omron, Rexel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global MRO for Automation Solutions Market Report Segments:
The global MRO for Automation Solutions market is segmented on the basis of:
Types
MRO Items, Service
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mechanical, Chemicals, Oil & Gas, Energy and Utilities, Food & Medical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Emerson Electric
- Bilfinger
- W.W. Grainger
- Honeywell
- GE
- ABB
- Siemens
- Schneider Electric
- Toshiba
- Rockwell Automation
- Mitsubishi Electric
- WESCO International
- Yokogawa Electric
- Omron
- Rexel
Highlights of The MRO for Automation Solutions Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- MRO Items
- Service
- By Application:
- Mechanical
- Chemicals
- Oil & Gas
- Energy and Utilities
- Food & Medical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the MRO for Automation Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
MRO for Automation Solutions is a term used to describe the provision of managed services and automation solutions to businesses. These solutions can help businesses save time and money by automating tasks and processes, freeing up employees to focus on more important tasks.
Some of the key players operating in the mro for automation solutions market are Emerson Electric, Bilfinger, W.W. Grainger, Honeywell, GE, ABB, Siemens, Schneider Electric, Toshiba, Rockwell Automation, Mitsubishi Electric, WESCO International, Yokogawa Electric, Omron, Rexel.
The mro for automation solutions market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. MRO for Automation Solutions Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. MRO for Automation Solutions Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. MRO for Automation Solutions Market - Supply Chain
4.5. Global MRO for Automation Solutions Market Forecast
4.5.1. MRO for Automation Solutions Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. MRO for Automation Solutions Market Size (000 Units) and Y-o-Y Growth
4.5.3. MRO for Automation Solutions Market Absolute $ Opportunity
5. Global MRO for Automation Solutions Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. MRO for Automation Solutions Market Size and Volume Forecast by Type
5.3.1. MRO Items
5.3.2. Service
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global MRO for Automation Solutions Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. MRO for Automation Solutions Market Size and Volume Forecast by Application
6.3.1. Mechanical
6.3.2. Chemicals
6.3.3. Oil & Gas
6.3.4. Energy and Utilities
6.3.5. Food & Medical
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global MRO for Automation Solutions Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. MRO for Automation Solutions Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global MRO for Automation Solutions Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. MRO for Automation Solutions Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global MRO for Automation Solutions Demand Share Forecast, 2019-2026
9. North America MRO for Automation Solutions Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America MRO for Automation Solutions Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America MRO for Automation Solutions Market Size and Volume Forecast by Application
9.4.1. Mechanical
9.4.2. Chemicals
9.4.3. Oil & Gas
9.4.4. Energy and Utilities
9.4.5. Food & Medical
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America MRO for Automation Solutions Market Size and Volume Forecast by Type
9.7.1. MRO Items
9.7.2. Service
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America MRO for Automation Solutions Demand Share Forecast, 2019-2026
10. Latin America MRO for Automation Solutions Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America MRO for Automation Solutions Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America MRO for Automation Solutions Market Size and Volume Forecast by Application
10.4.1. Mechanical
10.4.2. Chemicals
10.4.3. Oil & Gas
10.4.4. Energy and Utilities
10.4.5. Food & Medical
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America MRO for Automation Solutions Market Size and Volume Forecast by Type
10.7.1. MRO Items
10.7.2. Service
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America MRO for Automation Solutions Demand Share Forecast, 2019-2026
11. Europe MRO for Automation Solutions Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe MRO for Automation Solutions Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe MRO for Automation Solutions Market Size and Volume Forecast by Application
11.4.1. Mechanical
11.4.2. Chemicals
11.4.3. Oil & Gas
11.4.4. Energy and Utilities
11.4.5. Food & Medical
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe MRO for Automation Solutions Market Size and Volume Forecast by Type
11.7.1. MRO Items
11.7.2. Service
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe MRO for Automation Solutions Demand Share, 2019-2026
12. Asia Pacific MRO for Automation Solutions Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific MRO for Automation Solutions Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific MRO for Automation Solutions Market Size and Volume Forecast by Application
12.4.1. Mechanical
12.4.2. Chemicals
12.4.3. Oil & Gas
12.4.4. Energy and Utilities
12.4.5. Food & Medical
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific MRO for Automation Solutions Market Size and Volume Forecast by Type
12.7.1. MRO Items
12.7.2. Service
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific MRO for Automation Solutions Demand Share, 2019-2026
13. Middle East & Africa MRO for Automation Solutions Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa MRO for Automation Solutions Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa MRO for Automation Solutions Market Size and Volume Forecast by Application
13.4.1. Mechanical
13.4.2. Chemicals
13.4.3. Oil & Gas
13.4.4. Energy and Utilities
13.4.5. Food & Medical
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa MRO for Automation Solutions Market Size and Volume Forecast by Type
13.7.1. MRO Items
13.7.2. Service
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa MRO for Automation Solutions Demand Share, 2019-2026
14. Competition Landscape
14.1. Global MRO for Automation Solutions Market: Market Share Analysis
14.2. MRO for Automation Solutions Distributors and Customers
14.3. MRO for Automation Solutions Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Emerson Electric
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bilfinger
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. W.W. Grainger
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Honeywell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ABB
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Schneider Electric
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Toshiba
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Rockwell Automation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Mitsubishi Electric
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. WESCO International
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Yokogawa Electric
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Omron
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Rexel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
