The Maintenance Repair And Operations Global Market Report 2023, provides comprehensive information on the maintenance repair and operations market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Maintenance Repair And Operations Global Market Report 2023, the global maintenance repair and operations market size is expected to grow from $655.77 billion in 2022 to $681.85 billion in 2023 at a compound annual growth rate (CAGR) of 4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The maintenance repair and operations market size is expected to reach $764 billion in 2027 at a CAGR of 2.9%.

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Technological advancements are a key trend gaining popularity in the maintenance, repair, and operations markets. Major companies operating in the maintenance, repair, and operations market are adopting new technologies to sustain their position in the market. For instance, in April 2023, Henkel AG & Co. KGaA, a Germany-based consumer goods and chemicals company, launched the Loctite Pulse Smart Steam Trap digital system to monitor industrial steam systems digitally. It is a data-enabled technology that increases productivity and plant safety, enhances existing maintenance procedures, and predicts significant failures. Loctite Pulse is equipped with intelligent analytics and sensitive sensors to predict energy losses and help detect early-stage malfunctions. This innovative technology was designed to monitor assets and satisfy current industrial maintenance requirements, including effective operations, increased uptime, energy savings, and a decreased carbon impact. With the new approach, industrial processes may operate more cost-effectively, safely, and sustainably while using fewer resources.

The maintenance repair and operations market is segmented:

1) By MRO (Maintenance, Repair, And Operations) Type: Industrial MRO (Maintenance, Repair And Operations), Electrical MRO (Maintenance, Repair And Operations), Facility MRO (Maintenance, Repair And Operations), Other Types

2) By Provider: OEM ( Original Equipment Manufacturer), Aftermarket

3) By End User: Manufacturing, Construction, Electrical, Facility, Mining, Aerospace And Defense, Automotive, Food And Beverages, Pharmaceuticals, Others End Users

Europe was the largest region in the maintenance repair and operations market in 2022.

The table of contents in TBRC’s maintenance repair and operations market report includes:

1. Executive Summary

2. Maintenance Repair And Operations Market Characteristics

3. Maintenance Repair And Operations Market Trends And Strategies

4. Maintenance Repair And Operations Market - Macro Economic Scenario

5. Maintenance Repair And Operations Market Size And Growth

...

27. Maintenance Repair And Operations Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Maintenance Repair And Operations Market

29. Maintenance Repair And Operations Market Future Outlook and Potential Analysis

30. Appendix

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