Economic Trends

With a market size estimated at $907 billion in 2024, the MRO industry continues to be a critical component of the U.S. economy. In this year’s U.S. MRO Market Trends Report, we define a market...

Things moved more optimistically overall in our latest forecast update for both 2024 and 2025 revenues.

Economic Trends

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Advance: U.S. 3Q GDP Grew 2.8%

It decelerated from 2Q, reflecting a downturn in private inventory investment and residential fixed investment.

This year is shaping up to have less than half the annual growth that was originally projected, illustrating longer-than-expected industrial softness.