Latin America Maintenance, Repair & Overhaul Market size is likely to reach USD 41.01 billion by 2028
Latin America Maintenance, Repair & Overhaul Industry Overview The Latin America maintenance, repair and overhaul market size was valued at USD 28,344.9 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2020 to 2028. Growth in the frequency of the replacement cycles to reduce the production downtime by the players involved in industrial manufacturing is expected to drive the market over the forecast period. The market in the region was impacted by the onset of the pandemic, which led to the suspension of the manufacturing activities coupled with the postponement of maintenance, repair and overhaul (MRO) activities. In addition, suspension in the supply chain due to border closures also resulted in a decline in the sales of MRO products in the region resulting in a decline in the industry growth. Gather more insights about the market drivers, restrains and growth of the Latin America Maintenance, Repair & Overha...