MRO Market
The MRO Market for the Manufacturing Industry is projected to reach $49.65 billion by 2030, at a CAGR of 7.8% from 2023 to 2030. The growth of this market is driven by the proliferation of digital transformation in MRO processes and the growing need to reduce maintenance costs & unplanned downtime. The increasing demand for remote maintenance & repair and the emergence of 5G technology is expected to create market growth opportunities. However, the shortage of skilled workforce is a major challenge for the players operating in this market. Additionally, digital MRO is a major trend in the global MRO market for the manufacturing industry.
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