Asia-Pacific Becomes the Fastest-Growing Region in the Global Service and Maintenance Market
However, Europe still holds a leading share of the global market due to its developed industrial base and commitment to advanced maintenance solutions.
According to the new Maintenance, Repair and Operations (MRO) Global Industry Research Report 2025–2033 published by Market and Research, Asia-Pacific will lead the growth of the global MRO market over the next decade.
The study forecasts the global MRO market to grow from USD 432.56 billion in 2024 to USD 543.06 billion by 2033, representing a compound annual growth rate of 2.56%.
Asset Management Becomes Increasingly Important
According to the report, digitalisation, predictive maintenance and growing awareness of sustainability are reshaping the way industries manage their assets globally.
North America and Europe are currently leading regions in the deployment of advanced maintenance infrastructure, but Asia-Pacific is growing faster due to strong industrial output, new investments and increasing operational efficiency requirements.
Sectors such as manufacturing, automotive and aerospace remain key drivers of the MRO market.
The ageing of infrastructure and equipment in various industries — such as transport, utilities and heavy industry — will further increase the need for maintenance and repair services.
New infrastructure investments and the introduction of digital technologies in India, the United Arab Emirates and other regions are expected to drive demand for MRO services in the coming years.
The report concludes that proactive and condition-based maintenance will be essential for companies seeking to reduce downtime and improve cost efficiency. Outsourcing and digital capabilities are becoming competitive advantages that will help maintenance providers meet evolving market demands and adapt to the global shift towards sustainable industrial operations.
Source: Market and Research, MRO (Maintenance, Repair and Operations) Global Industry Research Report 2025–2033.
 
        		        
	         
        		        
	         
         
        		        
	         
        			         		        
		         
        		        
	         
        		        
	         
        		        
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