Dublin, September 27, 2021 (GLOBE NEWSWIRE) – The “Canada Maintenance, Repair and Overhaul Market Size, Share and Trend Analysis Report by Product (Power Transmission , Seal), by End Use (Food, Beverage & Tobacco, Aircraft) and Segment Forecast, 2020-2028 report “has been added to ResearchAndMarkets.com offer.

The size of the Canadian maintenance, repair and overhaul distribution market is expected to reach USD 19.10 billion by 2028, registering a CAGR of 4.3% from 2020 to 2028

The expanding manufacturing sector in Canada is expected to fuel the growth of the maintenance, repair and overhaul (MRO) distribution market during the forecast period.

The growth of the MRO distribution market in Canada is attributed to the growth of the country’s manufacturing industries, including food and beverage, aircraft, machinery, transportation, power and electricity, electronics and d ” others for the maintenance and repair of many types of equipment, including hoses, gaskets, gaskets, fasteners and safety tools.

The adoption of MRO has seen tremendous changes within industries, particularly with OEMs viewing MRO distribution companies as potential partners to improve their operational efficiency and achieve higher profitability. At the same time, providers of outsourcing technologies and services have developed specific solutions to meet the needs of several end-use industries in Canada.

The main players involved in the distribution of MRO products and services in Canada cater to several end-use industries through third-party distributors, annual maintenance contracts, direct sales channels and e-commerce. In addition, companies tend to collaborate with distributors and retailers from different regions for the offer of their services.

Highlights of the Canada Maintenance, Repair and Overhaul Distribution Market Report

  • Aircraft maintenance end-use segment expected to experience fastest growth from 2020 to 2028, with a CAGR of 9.2% due to a strong aircraft maintenance services industry in the country

  • MRO distribution for electrical and electronic end use in Canada was 12% in 2020 and is expected to register a CAGR of over 3.9% from 2020 to 2028

  • The tools, maintenance and security products segment accounted for a turnover of over USD 2.9 billion in 2020 and is expected to grow at a notable CAGR in the coming years. Rising demand for periodic maintenance operations in Canadian manufacturing industries should provide growth prospects

  • The power transmission products segment accounted for a revenue share of over 16% in 2020. The adoption of MRO products and services in power transmission helps to reduce the risk of power failure in the event of power industry, and the correct lifting of products using hydraulic equipment in the construction, automotive and metallurgy sectors

  • The COVID-19 epidemic in Canada impacted the manufacturing and service industries in 2020. In addition, the suspension of industrial activities across the country halted the growth of the maintenance distribution market, repair and overhaul.

Companies mentioned

  • The Hillman Group, Inc.

  • Eriks North America

  • Grainger Canada

  • Wajax Limited

  • Applied industrial technologies

  • SBP Holdings

  • DGI procurement

  • Lawson Products, Inc.

  • AWC

  • Hisco, Inc.

  • EACO Company

  • BDI Canada

  • Würth Canada

  • MRC Global, Inc.

  • MSC Industrial Direct Co., Inc.

  • Motion Industries, Inc.

  • Applied industrial technologies

  • Source of the sun

  • Gregg LP Distributors

  • Green Line Hose & Fittings, Ltd.

  • AR Thomson Group

  • Flex-Pressure

  • Quest Seal

  • Norwesco Industries Ltd.

  • Belterra Company

  • Midland Industries

For more information on this report, visit https://www.researchandmarkets.com/r/d0ad0h

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