How big is the MRO Market | Size, Share & Growth Forecast 2025

Q: What is the projected size of the MRO market by 2031?

The MRO market is anticipated to reach USD 910 billion by 2031.

Q: What are the driving factors for the MRO market?

Growth in industrial automation, demand for equipment maintenance to reduce downtime, and rising focus on operational efficiency are key drivers.

Q: What are the notable trends in the MRO market?

Adoption of predictive maintenance using IoT and AI and sustainability-focused solutions are the major trends.

Q: What are the key challenges faced by the MRO industry?

Key challenges include high cost of advanced maintenance tools, shortage of skilled workforce, and supply chain disruptions for spare parts.

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Code: MTA7087

Publication Date: Jul 2025

How Big Is the MRO Market?

According to 6Wresearch internal database and industry insights, the Global MRO Market was estimated at USD 740 Billion in 2024 and is anticipated to cross the valuation of approximately USD 910 Billion by 2031, growing at a growth rate (CAGR) of 5.70% during the 2025-2031.

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This growth is being propelled by aging infrastructure in manufacturing plants and the widespread requirement of predictive maintenance solutions. Moreover, the growing adoption of advanced technologies for remote monitoring is constantly accelerating market expansion.

Key Growth Factors of the MRO Market

Obsolete assets in aviation, automotive, and energy sectors driving frequent repair and overhaul services
The adoption of predictive and preventive maintenance in manufacturing and industrial sectors is accelerating
Surge in e-commerce and digital platforms for spare parts procurement
The demand for operational efficiency and cost optimization in production facilities is upsurging
Development of third-party MRO service providers in emerging economies

MRO Market Trends

There are several notable trends shaping the MRO industry which primarily include the integration of IoT and AI for real-time monitoring and data-driven decision-making and the growing use of digital platforms for procurement.

Moreover, the industry is shifting toward outsourcing MRO services for cost optimization, rising implementation of automation technologies, and the use of AR/VR for remote assistance.

Emerging Developments in the MRO Market

In the MRO Market,Â emerging developments are largely driven by technological advancements and digital transformation. Predictive maintenance powered by AI, IoT, and advanced analytics is gaining momentum to minimize downtime.

The adoption of digital platforms and cloud-based MRO solutions is streamlining asset management, inventory control, and compliance processes. Technologies like digital twins and real-time location systems are enhancing monitoring, planning, and resource allocation.