Industrial Distribution Market Segmentation:
Product Segment Analysis
The MRO supplies segment is expected to garner the highest share of 35.1% in the industrial distribution market on account of the rapid increase in maintenance, repair, and operations (MRO) demand. For instance, the global need for MRO is projected to rise from USD 68 billion in 2021 to over USD 115 billion by 2031. As industries expand and modernize, the demand for MRO supplies grows to support new and existing machinery. Furthermore, companies are increasingly adopting preventive maintenance practices to avoid costly breakdowns, leading to higher consumption of MRO supplies.
Application Segment Analysis
The offline segment in the industrial distribution market is estimated to gather substantial CAGR by the end of 2035. The segment expansion is due to the increasing number of small businesses across the globe. Particularly, in 2021, there were projected to be around 332 million small and medium-sized business enterprises (SMEs) globally. Significant growth in the offline industrial distribution market can be witnessed due to the presence of many smaller enterprises. This provides a sensible, cost-effective means to connect with other organizations, and is considered the most effective strategy to outsource supply chain management or assist in lowering a customer's total cost or ownership.
Our in-depth analysis of the industrial distribution market includes the following segments:
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