Mro Market Size Study, By Type, Application, And Regional Forecasts 2030

January 18, 2023 ⚊ 1 Min read ⚊ Views 97 ⚊ BUSINESS

The MRO Market for the manufacturing industry is projected to reach $49.65 billion by 2030, at a CAGR of 7.8% during the forecast period of 2023–2030.

The growth of this market is attributed to the growing need to reduce maintenance costs & unplanned downtimes and the proliferation of digital transformation in MRO processes. In addition, the increasing demand for remote maintenance & repair and the emergence of 5G technology is expected to create market growth opportunities.

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