LONDON--(BUSINESS WIRE)--Technavio announces the top five leading suppliers in the global maintenance, repair, and operations (MRO) services market until 2020. These suppliers are selected based on their ability to provide one-stop solutions while ensuring timely delivery of MRO products with strict adherence to client specifications.
Competitive market landscape
The MRO market is fragmented and suppliers are operating in a highly competitive environment, which compels them to differentiate themselves from the competition by providing services at short notice and at competitive prices. However, the industry is witnessing consolidation due to an increase in demand for integrated service providers. Suppliers are involved in mergers and acquisitions to enhance service portfolios and become one-stop solutions, as well as to expand their geographical presence. Suppliers are enhancing their portfolios inorganically so that they can offer after-sales maintenance services and one-stop solutions to buyers.
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According to Angad Singh, a category specialist at Technavio, specializing in research on category spend intelligence, “To stay ahead of the competition, several suppliers are incorporating technology into their offerings to enhance efficiency and offer buyers visibility on various aspects of the MRO supply chain.”
Additional Technavio Insights: Key Drivers of the MRO Services Market
Top five suppliers of MRO services:
Sonepar is a global leader in the B-B distribution of electrical products and related services. The company operates through 245 entities and 2,800 branches globally. The company is investing in upgrading its logistics capabilities to cater to project and technology-specific configurations.
The company offers services to the residential, industrial, commercial, and utilities sectors. Some of its key products/services include:
- Wiring devices
- Home automation
- Industrial automation and power distribution
- Distribution transformers
Wolseley is the world’s largest distributor of heating and plumbing products. Its customer base comprises 60,000 suppliers and 1.1 million consumers across the globe. It has operational units in Canada, the US, the Nordic region, the UK, Central Europe, and France.
The company has a portfolio of 15 brands and operates through more than 1,418 branches worldwide. Some of the products/services provided by the company include:
- Plumbing supplies
- Building materials
- Commercial and industrial pipe and heating systems
- Sanitary products
Rexel is a global distributor that specializes in providing products and services to the energy sector. The key end-users of the company’s products consist of the commercial sector, industrial sector and the residential sector. It generates 44% of its revenue from the commercial sector, 34% from the industrial sector, and 22% from the residential sector.
The company operates through more than 2,100 branches globally and has over one million products in its portfolio. The company provides services/products in the following areas:
- Smart building
- Climate control
- Photo voltaic
- Home automation
- Electric vehicles
- Industrial solutions
The Wurth Group is considered a leading vendor for assembly and fastening materials. It has a global customer base of over three million people. The company’s portfolio consists of more than 125,000 products, including core products such as screws, chemical-technical products, and personal protection equipment.
The group operates through more than 400 companies globally and its key operational sectors include metals, auto, wood, and construction. The key products/services provided by the company are:
- Chemical/technical products for maintenance
- Servicing and body work
- Tools for pneumatic and electric machines
- Rapid assembly systems
- Electrical insulation materials
- Fastening materials and sealing technology
W. W. Grainger
Grainer is one of the oldest and most prominent suppliers of MRO products. It focuses on distributing products used in maintenance and repair operations. It primarily serves customers in the healthcare, manufacturing, hospitality, and government sectors. The company is a distributor for over 7,000 brands and has a portfolio of more than one million products in the US alone.
It has an operational presence in more than 160 countries worldwide. Some key services provided by the company include:
- Lighting solutions
- Electric arc flash service
- Grainger energy services
- Repair and replacement coverage
- Inventory management solutions
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