North America - The Maintenance, Repair, and Overhaul (MRO) Distribution Market size to grow at a CAGR of 2.43% from 2022 to 2027| The increasing penetration of Industry 4.0 is a key factor driving market growth -Technavio
The increasing penetration of Industry 4.0 is a key factor driving market growth.
- The increasing penetration of Industry 4.0 is a key factor driving market growth.
- Automation is a key aspect of Industry 4.0 as it reduces human intervention and ensures higher throughput, efficiency, reliability, and safety.
- As a result, the North American maintenance, repair, and overhaul secondary market is expected to benefit from the positive impact of Industry 4.0.
- Hence, the adoption of Industrial 4.0 is expected to drive market growth during the forecast period.