North America MRO Distribution Market Size, Share & Trends Report

North America MRO Distribution Market Size, Share & Trends Analysis Report By Product (Power Transmission, Automation), By End-use (Food, Beverage & Tobacco), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-3-68038-072-9
  • Number of Report Pages: 125
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the North America 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 North America 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 North America 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.

North America MRO Distribution Market Categorization:

The North America mro distribution market was categorized into three segments, namely product (Abrasives, Chemicals, Cutting Tools, Fasteners, Hand Tools, Pipes, Valves & Fitting, Power Tools, Power Transmission - Hydraulics, Power Transmission - Pneumatics, Power Transmission - Electronics, Rubber Products, Seal, Welding Equipment & Gases, Automation), End-use (Food, Beverage & Tobacco, Textile, Wood & Paper, Mining, Oil & Gas, Metal Processing & Foundry, Rubber, Plastic & Non-metallic, Chemicals, Pharmaceuticals, Electrical & Electronics, Transportation, Construction), and regions (North America).

Segment Market Methodology:

The North America mro distribution market was segmented into product, End-use, and regions. 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 North America mro distribution market was analyzed at a regional level. The global was divided into North America, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into three countries, namely, the U.S., Canada, Mexico.

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.

North America mro distribution market companies & financials:

The North America 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:

  • The Hillman Group - The Hillman Group, founded in 1964 and headquartered in Ohio, United States, is a prominent supplier of comprehensive hardware products and associated merchandising services to retail markets throughout North America. The company operates under three main segments: fastening, hardware, and personal protective solutions. The hardware solutions encompass many products, including keys, threaded rods, metal shapes, accessories, key duplication systems, and identification items such as numbers, tags, letters, and signs. The personal protective equipment product range includes gloves, eyewear, and face masks. The fastening solutions segment of the company consists of three subcategories: core fasteners, construction fasteners, and specialty fasteners and anchors. Core fasteners include bolts, washers, and screws, while construction fasteners encompass drywall, metal screws, and collated nails. Anchors include plastic anchors, toggle bolts, and wedge anchors. The company supports its product sales with various services, including the design and installation of merchandising systems and inventory maintenance. The company's primary customer base comprises retail outlets, hardware stores, home centers, mass merchants, and OEM & industrial customers. In 2018, the company expanded its B2B e-commerce capabilities, allowing customers to order products online through its website conveniently.

  • Wajax Limited - Wajax Limited, founded in 1858 and headquartered in Ontario, Canada, is a prominent distributor of industrial products and services in the country. With over 100 branches nationwide, it is a leading manufacturer of industrial parts and equipment. The company specializes in the sale, after-sales service, and parts support for a wide range of industrial equipment, components, and power systems. Additionally, Wajax offers comprehensive end-to-end solutions for various industries, including construction, transportation, mining, oil & gas, food & beverages, power generation, forestry, and marine. Its industrial product segment focuses on distributing diverse equipment and products, such as bearings, filter systems, hydraulic equipment and components, fluid handling pumps, pneumatic valves, and cylinders. Furthermore, Wajax distributes seals, bearings, and power transmission products from renowned brands like SKF, Garlock, Robco, Timken, Schaeffler, Sumitomo Drive Technologies, Gates, and Continental. As of December 2020, the company employs approximately 2,615 individuals, comprising technicians, sales professionals, and support staff, dedicated to serving its 32,000 clients across various industrial sectors in Canada.

  • FCX Performance - FCX Performance, formerly known as Simco Controls, was established in 1984. In 1999, the company underwent a name change and became FCX Performance. In 2018, it was acquired by Applied Industrial Technologies. Headquartered in Ohio, United States, FCX Performance specializes in providing flow control solutions to various process industries such as chemical, food & beverages, pharmaceutical, and biotech. It also offers specialized solutions for the pulp & paper, oil & gas, and steel industries within the United States. The company's extensive product range includes valves, pumps, seals, compressors, instrument measurement & control equipment, and corrosion-resistant piping. With 18 stocking, assembly, and service centers spread across the country, FCX Performance maintains a stock of approximately 45,000 products. Moreover, it operates at over 65 locations, serving 38 states within the United States. In addition to its product offerings, the company provides consultation services, system audits, and comprehensive maintenance and repair services. These services encompass instrumentation services, valve automation and repair, pump and rotating equipment repair, and engineered and integrated systems services.

  • SBP Holdings - SBP Holdings, founded in 1968 and headquartered in Texas, United States, operates as a holding company. The company's operations are primarily carried out through its three subsidiaries: Singer Equities, Bishop Lifting Products Inc., and Dakota Fluid Power Inc. These subsidiaries cater to various industries, including chemical, pulp & paper, food & beverages, and marine. Singer Equities specializes in distributing industrial rubber products like hydraulic hoses, conveyor belts, and gaskets. They also offer industrial-grade composites, metal hoses, and metal gaskets. With 59 service locations across North America, the company employs over 600 individuals. Bishop Lifting Products, Inc., on the other hand, provides wire rope, sling and rigging, and rental facilities, offering a wide range of lifting solutions such as winches, wire ropes, and hoist ropes. Lastly, Dakota Fluid Power, Inc. offers comprehensive hydraulic services, including sales, assembly, component repair & maintenance, and inspection services.

  • Lawson Products, Inc. - Lawson Products, Inc., founded in 1952 and headquartered in Illinois, United States, specializes in the distribution of industrial maintenance and repair supplies. Its customer base comprises industrial, commercial, institutional, and government maintenance, repair, and overhaul (MRO) operators. The company operates from a 300,000 square feet facility in McCook, Illinois, and strategically located distribution centers across North America. It operates through two segments: the Lawson operating segment and the bolt operating segment. The bolt operating segment distributes products and provides Vendor Managed Inventory ("VMI") services. Moreover, this segment primarily serves customers through 14 branches located in various provinces of Canada. Lawson Products offers many products, including fasteners, cutting tools, welding products, and material handling components. The company also supplies collision and mechanical repair products through aftermarket and OEM channels. As of December 2020, Lawson Products employed 1,910 individuals, with approximately 1,330 dedicated to marketing and sales, around 470 in operations and distribution, and 140 in management and distribution.

  • R.S. Hughes Co., Inc. - Established in 1954, R.S. Hughes Co., Inc. is headquartered in California, United States. The company specializes in the distribution of industrial supplies and maintains a vast inventory of industrial products manufactured by ISO 9001:2008 registered companies. It offers customers multiple purchasing options, including an online platform, sales representatives, and warehouse locations. The company ensures efficient and timely delivery with over 50 warehouses spread across the United States and Mexico. Its product portfolio encompasses a wide range of industrial products such as abrasives, power tools, cutting tools, adhesives & sealants, and chemicals & lubricants. Moreover, the company offers services like die cutting, laminating, rewinding, printing, and slitting through its Saunders division. These products and services cater to various industries, including aerospace, general manufacturing, and transportation.

  • Hisco, Inc. - Hisco, Inc. was established in 1971 and has its headquarters in Houston, Texas, United States. The company specializes in distributing supplies to the aerospace, defense, electronics, and medical equipment industries. It is registered with the United States Department of Defense as an International Traffic in Arms Regulations (ITAR) supplier. This registration allows the company to provide and manufacture products and OEM assemblies that require ITAR registration. The company offers various products, including abrasives, fasteners and hardware, hand and power tools, motion control and fluid power, and test and measurement equipment. In addition, it provides specialized cold storage warehousing solutions and vendor managed inventory services. Hisco, Inc. works with renowned suppliers such as 3M, Henkel, Loctite, and Brady. It also offers value-added fabrication and custom repackaging services through its Precision Handling Group and Adhesive Materials Group divisions. Amidst the COVID-19 pandemic, the company has expanded its product range to include various safety and personal protection items, such as respiratory protection, protective clothing, face protection, and gloves. Furthermore, Hisco, Inc. efficiently manages its distribution operations through a network of over 30 stocking locations across North America.

  • bisco industries - bisco industries, founded in 1973 and headquartered in California, United States, operates as a subsidiary of EACO Corporation. The company specializes in the distribution of electronic components and fasteners, catering to a diverse range of industries such as aerospace, communication, industrial equipment, computers, fabrication, and marine. bisco industries offers its products under three main segments: electronic hardware, electronic components and fasteners, and hardware. The electronic hardware segment comprises printed circuit board hardware and enclosures & cabinets. In contrast, the electronic components segment includes connectors, optoelectronics, wire and cable components, terminals and terminal blocks, test equipment, and circuit protection. The fasteners and hardware segment encompasses panel fasteners, latches, access hardware handles, general assembly hardware, and military fasteners & hardware. In addition to its product offerings, the company provides value-added services to its customers, including auto-replenishment and part modification services. With 49 branches across the United States and Canada, bisco industries employs over 488 individuals as of December 2020. Furthermore, the company has ambitious plans for global expansion, with upcoming branches in Mexico and Europe.

  • Kaydon Bearings - Kaydon Bearings, founded in 1941 and headquartered in Michigan, USA, is a leading company in the design and production of bearings for various industries. These industries include aerospace & defense, oil & gas, medical systems, industrial machinery, mining, renewable energy, robotics, and semiconductors. The company offers a wide range of bearing products, categorized into thin section bearings, slewing ring bearings, and custom bearings. The thin section bearing range includes Reali-Slim, Ultra-Slim, and Real-Slim TT bearings in various configurations. The slewing ring bearings consist of eight-point contact, four-point contact, cross roller, three-row roller, and wire-race bearings. Additionally, the company specializes in the design and manufacturing of high-performance bearings tailored to specific applications. With eight production facilities in the United States, Mexico, China, and Brazil, Kaydon Bearings efficiently manages its manufacturing operations. In October 2013, the company was acquired by SKF Group, but it continues to operate independently.

  • BDI - Founded in 1935 and headquartered in Ohio, United States, BDI specializes in the distribution of industrial products and supply chain solutions. The company's primary offerings encompass mechanical power transmission, electrical power transmission, bearings, and pneumatic & hydraulic fluid power. These products cater to various sectors, including automotive, food processing, metal fabrication, pulp & paper, material handling, and mining. In addition to its product line, BDI also provides various services such as repair, automation, Customer Economic Value Added (CEVA) Analysis, and additive manufacturing. The company collaborates with renowned suppliers like Gates, Siemens, SKF Group, and Henkel Loctite. With a global presence, BDI employs over 1,500 individuals across 200 branch locations in 12 countries as of December 2020.

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

North America 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.

North America 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.

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