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The MRO for automation solutions market size is expected to grow by USD 54.08 billion, at a CAGR of 10.16% from 2023 to 2028. The manufacturing industry relies significantly on maintenance, repair, and operations (MRO) to maintain uninterrupted industrial processes. This reliance is met through the implementation of predictive maintenance analytics and industrial automation services. The market for MRO solutions in automation is poised for expansion due to several factors, including the adoption of Industry 4.0, the emergence of smart city initiatives and smart manufacturing, and the growing trend of inside sales strategies in developing countries. However, the market faces notable challenges, such as the US-China trade tensions, the downturn in the automotive sector, and the increasing prevalence of smart manufacturing. These hurdles may impede the sustained growth of the MRO market for automation solutions.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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