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Top MRO Suppliers Based On Revenue (USA)

The analysts at Beroe have compiled a list of the top MRO suppliers and ranked them based on their annual revenue. Here are the top six names:

6. Eriks

Revenue: $ 2.2 Billion (as of December 31, 2018)

Eriks is an international supplier for industrial OEM and MRO customers, offering several high-quality technical products and logistics services. The company was started small by Arie Eriks in 1940 supplying gaskets and hoses to the dairy industry. The rubber and gasket division expanded with the company earning a name. Today, Eriks has over 200,000 customers and sells over 600,000 components with a presence in over 25 countries.

Today, Eriks serves over 200,000 customers and sells over 600,000 components, including mechanical and electrical transmissions, O-rings, plastic piping, and valves.  Moreover, the company has a presence in over 25 countries, with a strong foothold in North America and Western Europe, alongside a footprint in Asia

They serve a number of industries such as chemicals, oil, gas, aviation, food, pharmaceuticals, refining, and biotechnology. The various supplies offered by the company are:

  • Engineered plastics
  • Flow control
  • Gaskets
  • Industrial and hydraulic hoses
  • Power transmission
  • Sealing and polymer
  • Tools, maintenance, and safety
  • Conveying systems

To strengthen its business footprint in the UK, Eriks acquired two locations in June 2020 previously run by Parsons Peebles Group (PPG). The acquired locations in Derby and Cardiff are dedicated to the layout, development, installation, repairs, and servicing of gearboxes, electric motors, pumps, and related equipment.

5. Electrocomponent Plc (RS Components)

Revenue: $ 2.3 Billion (2019)

Electrocomponents Plc operates under six brands: OKdo, RS Components, RS Pro, DesignSpark, Allied, and IESA. Headquartered in London (the UK), The company operates in the Americas, EMEA, and the Asia Pacific (APAC) encompassing 32 countries across the globe. Electrocomponents Plc. has more than 650,000 stocked products and supplies from more than 2500 supplier brands.

The focus of Electrocomponents is to provide services and products to three types of customers; design engineers, operation and maintenance engineers, and machine and panel builders. This company focuses on making MRO simple for various industries.

Electrocomponents aims to offer an unparalleled platter of electronic and industrial products, fix issues with innovative solutions, and provide top-of-the-line customer service. The list of their services include:

  • Process manufacturing equipment
  • OEMs
  • General manufacturing equipment
  • Electronic equipment
  • Construction, mining, transportation, and communications equipment
  • Utilities
  • Logistics

What’s more, as Electrocomponents operate in various regions, it adapts faster to customer requirements, making their offerings more relevant to the domestic market and removing duplication of activity between the center and the regions. 

4. WESCO International

Revenue: $ 8.4 Billion (2019)

WESCO was founded in 1922. Originally, it was a Westinghouse Electric division. Today, WESCO has become a Fortune 500 supply chain company, providing solutions to businesses all over the globe. WESCO employs more than 9000 people and has over 500 branches with 9 distribution centers. It has served 150,000 customers all over the globe in more than 17 countries. The company employs more than 18,000 people and maintains relationships with over 30,000 suppliers. WESCO has generated revenue of more than $17 billion.

In 2018, it earned a spot on the Electrical Wholesaling Top 200 List by featuring on the second number. WESCO supplies OEM products and MRO products such as industrial products, communications products, and electrical products. In 2020, it was recognized by Forbes as among the world’s best employers and one of America’s best organizations for women.

WESCO’s MRO service portfolio includes:

  • Intelligent buildings

  • Industrial networking

  • Alternative energy

  • Cloud computing

  • Critical infrastructure protection

  • Broadband communications

  • Physical security

  • LED lighting retrofits

3. W. Grainger, Inc.

Revenue: $ 11.49 Billion (2019)

W.W. Grainger is among the Fortune 500 industrial supply firms as well as the oldest manufacturer of MRO supplies. Grainger serves businesses in more than 120 countries all over the globe. At present, the company serves more than 3.5 million customers via a network of 33 distribution centers and 598 branches. 

Grainger Global Export has sales teams in many places including Mumbai, Miami, and Jakarta. In the US alone, the MRO supplier boasts an impeccable portfolio of more than 1 million products serving over 7,000 brands.

They offer a wide range of services such as:

  • Benefit Management Services
  • Environmental, Health and Safety Services
  • Emergency Preparedness Services
  • Energy Services
  • Facility Services
  • Lighting Solutions
  • Online Services
  • Sustainability Services
  • Grainger Consulting Services
  • Grainger KeepStock Inventory Management

2. Adolf Wurth GmbH & Co KG

Revenue : $ 15.5 Billion (2019)

Adolf Wurth founded this company in 1945 and it continues to be a family business providing different MRO products. Today, it is spearheaded by Prof. Reinhold Wurth, Adolf Wurth’s son (2017). Wurth was named as one of the top 100 most admired companies in Germany by Bilanz. 

The Wurth Group is considered a prominent supplier and a global wholesaler of fasteners, dowels, tools, screws and screw accessories, installation materials, and machines. 

With a worldwide customer base of more than 3 million, the company delivers over 125,000 MRO products. More than 78,000 employees are on this company’s payroll. The total sales of Wurth Group were more than €14.2 billion in 2019 according to Adolf Wurth GmbH & Co KG.

The companies fall under either of the two categories, Wurth Line and Allied Companies. The various divisions under the Wurth Line are:

  • Metal Division
  • Auto Division
  • Wood Division
  • Industry Division
  • Construction Division

The major divisions under the Allied Companies are:

  • Electrical Wholesale Unit
  • Trade Unit
  • Electronics Unit
  • Production Unit
  • RECA Group Unit
  • Tools Unit
  • Chemicals Unit
  • Screws and Standard Parts Unit
  • Financial Services Unit
  • Diversification

1. Sonepar SA

Revenue: $ 26 Billion (2019)

Sonepar is a self-sufficient family-owned firm and a worldwide frontrunner in the B2B sales of electrical products and associated services. The company’s sole focus is to provide MRO solutions to businesses such as operation & maintenance. Established in 1969 by Henri Coisne, Sonepar runs through 345 entities across the globe.

It has its presence in 48 countries in the world. Sonepar has more than 3000 branches and has 115 central distribution centers bringing it to the top spot in our rankings based on revenue.

In 2016, the company witnessed a revenue surge by generating 20.6 billion Euros, primarily attributed to the rising need for new services, increasing applications for electrical equipment, and rapidly evolving product technologies.

Sonepar’s product range consists of industrial controls and automation, cables and wires, power distribution, lighting, safety, tools, and engineering suppliers, building automation, and construction.

Services offered by Sonepar are:

  • Power distribution
  • Industrial controls and automation
  • Lighting
  • Cables and wires
  • Building automation and construction
  • Safety, tools, and engineering supplies
  • Specialities
  • Renewable energy and HVAC

Reference links:

  1. https://www.dnb.com/business-directory/company-profiles.eriks_nv.93a4753d2139e49bb3196962a56df95c.html 
  2. https://www.electrocomponents.com/investors/annual-report-2019 
  3. https://www.prnewswire.com/news-releases/wesco-international-inc-reports-fourth-quarter-and-full-year-2019-results-300995784.html 
  4. https://www.prnewswire.com/news-releases/grainger-reports-results-for-the-2019-fourth-quarter-and-full-year-300995695.html 
  5. https://en.wikipedia.org/wiki/Würth 
  6. https://www.sonepar.com/our-group/our-key-figures.html 

MRO Market Overview

Any business’s job is not all wrapped up after the purchase of machinery, equipment, plant, or any other assets. Keeping such assets up and running is a whole new headache. This is where the importance of maintenance, repair, and operations (MRO) supplies gets underlined. The field of MRO is vast and comprises multiple services and products.

Maintenance Repair and Operations (MRO) is the industry that handles spares and industry supplies that are needed for segments such as bearings and power transmission products, electrical supplies, fasteners, lubricants, filters, PVF, fluid power, safety supplies, HVAC, plumbing, etc., which are used in multiple industries. MRO plays an important role in ensuring supply chains run without problems.

With the rise of emerging technologies such as the Industrial Internet of Things (IIoT) and smart factory initiatives, there is an observed overall increase in the demand for MRO globally.

The MRO industry that handles maintenance and repair is classified into several types. These include:

  1. Repair and maintenance of infrastructure: This includes repair of infrastructure that is damaged. This also includes maintenance of infrastructure like buildings, landscaping, HVAC, lighting, general maintenance management, etc. Repair and maintenance may be done in-house or by outsourcing to MRO professionals.
  2. Repair and maintenance of production equipment: Equipment and machinery used for production activities can be damaged. They need to be repaired. Regular maintenance of equipment is done to prevent downtime.
  3. Maintenance of material handling equipment: Industries use equipment to handle materials like trolleys, wheelbarrows, forklifts, etc. These equipment also needs timely maintenance.
  4. Tools and consumables: Industries use different kinds of tools. They also use consumable materials needed for production. All these require maintenance.

The MRO market is seeing an upswing due to the need for proactive maintenance services to prevent downtime and disruption in production. The MRO industry size is expected to reach $660 billion by 2020, growing at a CAGR of 1.72%. Some of the MRO industry trends that would help grow the MRO market size are:

  • Companies are looking to cut expenses and improve their operational efficiency. MRO can help achieve this.
  • When MRO activities are ineffective, it can lead to increased costs on repair, downtime, loss of man-hours and productivity, and reduced product quality.
  • The use of technology has made the work of organizations offering MRO services easier. It has improved competitiveness and has resulted in increased customer satisfaction.
  • Technology has made the use of mobile apps common in the MRO sector. This has allowed MRO professionals to carry out maintenance remotely, which has subsequently ensured greater savings due to decreased manpower needs on-site. The use of smart technology has made the work of repair and maintenance easier. This is one of the trends for the future.
  • The major market for MRO services is the Asia-Pacific region due to the increased growth of the manufacturing sector in China and other developing economies.
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