U.S. Market Analysis: MRO Product Consumption Up 6.2% in 2004
Consumption of MRO products bounced back in 2004 from a tough year before in U.S. markets, according to the annual MDM/IMI MRO Total Market Analysis. The U.S. market size in 2004 for the 131 MRO industrial products groups is $407.8 billion, up 6.2% from last year's study. The 2003 market estimate total of $383.9 billion was down 8.2% from the previous year's total of $418.1 billion.
Estimates are based on data compiled by Industrial Market Information, Minneapolis, MN, and analyzed by MDM. Definitions for the 131 individual product categories used to estimate the market size may be found in the related document PDF file link below.
Two aggregate subgroups were measured as well (see charts in related document PDF file below). Manufacturing & Utilities ...