Canada Maintenance, Repair Overhaul Distribution Industry Overview
The Canada maintenance, repair overhaul distribution market size was estimated at USD 13.60 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 4.3% from 2020 to 2028.
Periodic maintenance, repair, and overhaul (MRO) activities to reduce operational costs and to enhance the productivity of industrial operations are expected to drive the demand for MRO distribution. The COVID-19 outbreak in Canada has negatively impacted the manufacturing and service industries on account of the closure of production and related services. Suspension of trade across the globe and Canada has further disrupted the demand-supply of essential; components in 2020, thus negatively impacted the market for MRO distribution.
Gather more insights about the market drivers, restrains and growth of the Canada Maintenance, Repair Overhaul Distribution Market
The maintenance, repair, and overhaul distribution market in Canada are expected to ascend at a compound annual growth rate of 4.3% over the forecast period. COVID-19 outbreak in Canada has restricted several industrial operations and impacted the demand for maintenance products in 2020.
The Canada maintenance, repair, and overhaul (MRO) distribution market is likely to witness a momentous growth over the forecast period owing to the increasing product demand from various end-use industries. Periodic maintenance, repair, and overhaul activities help reduce operational costs and enhance the productivity of industrial operations, which is expected to drive their demand.
Given the certainty of the rise in demand for MRO products from several end-use industries in Canada over the forecast period, the MRO distribution industry needs to be upgraded to achieve success on various crucial points such as the elimination of inventory inaccuracies within the industry.
Manufacturers have increased their allocations for maintenance expenditure to avoid miscellaneous operational costs in the long run. Apart from in-house maintenance, manufacturers in the country are also taking help from outsourced MRO services and product providers. Such initiatives by the manufacturers are the key factors for driving the demand for MRO services.
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Canada Maintenance, Repair Overhaul Distribution Market Segmentation
Grand View Research has segmented the Canada maintenance, repair overhaul distribution market based on product and end use:
Canada MRO Distribution Product Outlook (Revenue, USD Million, 2017 - 2028)
- Tools, Maintenance Safety Products
- Conveying Systems
- Industrial Hydraulic Hoses
- Gasket
- Seal and Polymer Products
- Flow Control Solutions
- Engineered Plastics
- Power Transmission
- Others
Canada MRO Distribution End-use Outlook (Revenue, USD Million, 2017 - 2028)
- Food, Beverage Tobacco
- Textile
- Wood Paper
- Mining, Oil Gas
- Metal Processing Foundry
- Rubber, Plastic Non-Metallic
- Chemicals
- Pharmaceuticals
- Electrical Electronics
- Transportation
- Aircraft
- Machinery
- Construction
- Agriculture
- Energy Power
- Others
Key Companies profiled:
Some of the prominent players operating in the Canada maintenance, repair overhaul (MRO) distribution market are:
- The Hillman Group, Inc.
- Eriks North America
- Grainger Canada
- Wajax Limited
- Applied Industrial Technologies
- SBP Holdings
- DGI Supply
- Lawson Products, Inc.
- AWC
- Hisco, Inc.
- EACO Corporation
- BDI Canada
- Wurth Canada
- MRC Global, Inc.
- MSC Industrial Direct Co., Inc.
- Motion Industries, Inc.
- Sun-Source
- Gregg Distributors LP
- GreenLine Hose Fittings, Ltd.
- A.R. Thomson Group
- Flex-Pression
- Quest Gasket
- Norwesco Industries Ltd.
- Belterra Corporation
- Midland Industries
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