Europe MRO Distribution Market Size, Share & Trends Analysis Report By Distribution Channel (Direct, Indirect), By Maintenance Type, By Sourcing/Service Type, By Product, By Application, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the Europe MRO distribution market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for Europe MRO distribution market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of Europe MRO distribution market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Europe MRO Distribution Market Categorization:

The Europe MRO distribution market was categorized into six segments, namely product (Bearings & Power Transmission, Pipes, Valves & Fittings, Electrical Items, Packaging Supplies, Machine Consumables), sourcing/service (Internal MRO, External MRO), maintenance type (Preventive/Scheduled Maintenance, Corrective Maintenance), distribution channel (Direct, Indirect), application (Food, Beverage & Tobacco, Textile, Apparel & Footwear, Wood & Paper, Mining, Oil & Gas, Basic Metals & Metal Products, Rubber, Plastic & Non-metallic Products, Chemicals, Pharmaceuticals, Electronics, Machinery & Equipment, Electrical Equipment, Transport Equipment, Manufacturing), and country (Germany, France, Czech Republic, Hungary, Slovakia, Austria, Finland, Italy, Belgium, Netherlands, Poland, Sweden, Denmark, and Switzerland).

Segment Market Methodology:

The Europe MRO distribution market was segmented into product, sourcing/service, maintenance type, distribution channel, application, and country. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The Europe MRO distribution market was analyzed at a country level. The globe is divided into Europe, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. This region was further divided into fourteen countries, namely, Germany, France, Czech Republic, Hungary, Slovakia, Austria, Finland, Italy, Belgium, Netherlands, Poland, Sweden, Denmark, and Switzerland.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Europe MRO distribution market companies & financials:

The Europe MRO distribution market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Cromwell Group (Holdings) Limited - Cromwell Group (Holdings) Ltd. was established in 1970 and is headquartered in Leicester, England. It operates as a holding company and an independent supplier of maintenance, repair, and operations related products with a comprehensive broad product portfolio for numerous industries, professions, and trades. The company supplies several products, including cutting tools, power tools, precision equipment, bearings and transmissions, fasteners, welding site maintenance products, personal protection equipment, and many others under the name of over 100 brands. Some of the brands that company supplies include Bosch, DeWalt, Dremel, Dronco, Edison, Hitachi, Osaki, and 3M. The company operates as a subsidiary of W.W. Grainger, Inc. and owns 54 branches in the UK, offering collection service/trade counter and a daily delivery to local industry. Its global spread includes 67 distribution centers worldwide, 4 specialist companies, and export division operating in over 50 countries in 5 continents.

• Graco - Graco was established in 1926 and is headquartered in Limburg, Belgium. The company operates as a global supplier of several varieties of fluid handling systems and associated components. The major functions of these systems include moving, measuring, controlling, and dispensing in tandem with applying a complete portfolio of fluids along with viscous materials used in commercial & industrial settings and vehicle lubrication. Industries the company serves include manufacturing, construction, maintenance, and processing. The company works with many distributors and service partners for activities such as customer service, technical support, sales, marketing, training, assembly, and distribution. It supplies products across the countries of Australia, Belgium, China, India, Japan, Korea, U.S., and Uruguay. Some of its key brands include Graco, Airlessco, Magnum, and Glascraft.

• WABCO - WABCO was established in 1869 and is headquartered in Bern, Switzerland. The company operates as a global supplier of commercial vehicle technologies and services for enhancing commercial vehicle safety, efficiency, and connectivity. The key products that the company designs, and markets include stability, braking, & transmission control, air compressing systems, and suspension for commercial trucks, buses, trailers, passenger cars, and SUVs. It sells its products directly to auto and auto component manufacturers, including BMW, Volvo, Ashok Leyland, and Daimler. The company has 28 manufacturing locations and caters to automotive manufacturing applications in 40 countries across the globe. It has a maximum market share in Europe (approximately 55%), followed by the U.S. (nearly 15%), and other regions (30%). The company generates approximately 60% of its revenue from OEMs of trucks and buses. Wabco Austria GesmbH is one of the company's major subsidiaries. WABCO provides solutions for vehicle systems, including trucks, trailers, buses, cars, fleet, and off-highway solutions. Moreover, it has three dedicated testing tracks for testing of components manufactured by them. As of May 2020, ZF Group has completed the acquisition of WABCO. The formerly independent company now operates as a part of ZF Commercial Vehicle Control Systems Division.

• Mento AS - Mento AS was established in 1971 and is headquartered in Tananger, Norway. The company manufactures maintenance, repair, and operations (MRO) related products for the oil & gas industry. The company's significant offerings include products, rental, and hose management. It also offers rental services for products including hoses, flowline equipment, and filters. The company’s major product offerings include filtrations, hoses, valves, and drilling-related equipment. Under its rental category, the company includes a wide range of hoses, flowline, and filtration equipment for rent. The company offers major mechanical solutions ranging from development to testing and delivery. The wide range of the company's portfolio includes some of the mostly serviced products such as API valves, process valves, flowlines, choke & kill manifolds, standpipe manifolds, pipe spools, and high-pressure hoses.

• VALEO SERVICE U.K. LIMITED - Valeo Service was established in 1865 and is headquartered in Ludwigshafen, Germany. The company operates as a multi-specialist manufacturer serving independent aftermarket and auto manufacturers with passenger cars and commercial vehicle accessories. The company provides almost all aftermarket channels worldwide with a broad range of car accessories such as brake components, blades, and valves. Other services the company offers include training, diagnostics, sales & marketing support to car dealers, and independent garages. It also distributes spare parts in over 150 countries worldwide. It provides aftermarket technical assistance through Techassist, its robust database. Under its commercial vehicles segment, the company caters to the MRO requirements of LCVs, trucks, agriculture & construction transport systems, and buses.

• Ascendum - Ascendum was established in 1959 and is headquartered in Portugal. It operates as a multinational corporation with an extensive portfolio of products and brands for the entire automotive sector value chain. The company caters to the MRO requirements of numerous industries such as agriculture, construction, forestry, recycling, energy, infrastructure machinery, earthmoving, and demolition. The company has a presence in over 14 geographies worldwide. The company owns 17 business units in Spain and operates in industrial equipment, infrastructure, and construction sectors. The company supplies directly to the markets of Madrid, Valladolid, Cabanillas, Santiago, Granada, and Barcelona and has dealers representing it in eleven more cities across Spain.

• Bodo Möller Chemie GmbH - Bodo Möller Chemie GmbH was established in 1974 and is headquartered in Offenbach, Germany. The company operates as a global distributor of specialty chemicals. The company's key product offerings include adhesives & sealants, model & mold-making, transportation & automotive components, and marine components. The company also provides raw materials for paints and coatings; raw materials for industrial rubber products; resin systems for electronic encapsulation used for transformers, electronic devices, and other high-voltage components; and corrosion protection additives, antioxidants, metal deactivators, anti-wear additives, and high-pressure additives. It also offers sealing, structural bonding, and lightweight materials for cars, commercial transportation, rail vehicles, and marine applications; products for the cleaning of substances occurring as unwanted byproducts or waste such as sewage, rubbish, and exhaust air; and application technology services.

• Lindberg & Lund AS - Lindberg & Lund AS was established in 1984 and is headquartered in Vestby, Norway. The company operates as an importer, manufacturers and distributor of lubricants, construction adhesives, solvents, casting, composite materials and auxiliaries. The company's brands include Molykote, Dow Corning, ExxonMobil, Hexcel, EFD, Dymax and Huntsman. It markets its products to retail building materials outlets and chemical manufacturers throughout Norway. It operates in the departments of electronics, MOBIL Lubricants, special lubricants & maintenance products, polymer & composites and oil & gas.

• MCTechnics - MCtechnics was established in 2012 and is headquartered in Vise, Belgium. The company operates in the Benelux Union region as a distributor of equipment, raw materials, and accessories for the composites industry. In 2012, the company collaborated with several Netherlands-based brands and became one of the leading distributors for the composite industry within the Benelux region. The company joined Groupe Gazechim in 2016. MCtechnics s.p.r.l. currently operates as a fully owned legal entity of the Group in Vise (Belgium) and Stellendam (Netherlands). MCtechnics' composite products are used by several end-use markets including aerospace, agriculture, construction, energy, infrastructure, food, transportation, marine, ballistic equipment & vests, and others such as art & design. It caters to its products across Europe.

• Neumo-Egmo Spain SL - Neumo-Egmo Spain SL was established in 2004 and is headquartered in Tarragona, Spain. The company was set up as a destination center under the Neumo-Ehrenberg Group in 2004. The company started by importing products from its partner company and selling them in the Iberian market. Its primary product categories are used in the food and pharmaceutical industries. Since 2011, the company extended its operations to Italy and France. Some of its product categories include containers and apparatus for biotechnology, chemistry and pharmacy, semiconductor flow equipment, check valves, and block flanges.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Europe MRO Distribution Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Europe MRO Distribution Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.