Maintenance Repair & Operations (MRO) Procurement Intelligence expected to grow at a CAGR of 2.2% from 2024 to 2030
Maintenance Repair & Operations (MRO) Procurement Intelligence The maintenance repair & operations (MRO) category is expected to grow at a CAGR of 2.2% from 2024 to 2030. The increasing demand from the manufacturing industries, the high adoption of smart technologies, and the growing requirement to reduce equipment downtime are driving the category’s growth. Companies are increasingly using MRO services to manage their supply chain and inventory efficiently. It is mainly helpful when multiple materials are used in the production process and the absence of any particular material can have a significant impact on production. Robotics is one of the fastest-growing technologies in this category used for improving operational efficiency. It is widely implemented in the industrial, manufacturing, and aftermarket segments. The major applications include single-part repairs, carbon fiber manufacturing, and intricate inspection tasks using miniaturization, which enables ...