Global MRO tools market to reach $689Bn: SupplyVan leads the way in the Middle East

Middle East’s first and largest single aisle e-store, predicts that the region will generate 10% of global MRO tool demand

Dubai: The global MRO market was valued at $610Bn in 2019 and is expected to reach $689Bn by 2025 (Mordor). Middle East’s first and largest single aisle e-store, predicts that the region will generate 10% of global MRO tool demand. With its unique business model, marketing strategy and tech-enabled management and customer services system, established in 2016, SupplyVan is a remarkable choice for businesses and industries to streamline their MRO products procurement.

MRO stands for Maintenance, Repair and Overhaul that encompasses any and all products that are used in the effective functioning and maintenance of Industries, Factories, Workshops and businesses of all kinds including categories such as Power Tools, Hand Tools, Safety Products, Outdoor Equipment, Hydraulic and Pneumatic Products, Electricals and Lighting, Material Handling, Stationary, etc.

The lack of digitization and rise in demand for MRO products after the relaxation of COVID-19 restrictions makes SupplyVan a reliable ally for every business. According to market analysis, the growth of the manufacturing sector, and other projects (ranging from wastewater projects to infrastructure and hospitality industry) in the GCC is expected to drive the demand for MRO service and tools. With upcoming energy and utility projects in MENA, the demand for MRO products is bound to increase.

“We have grown 4x in the last two years having moved into a new logistics facility near Dubai Airport and are targeting a 300% Revenue growth this year as compared to 2021. We are constantly working to bring value addition in terms of procurement for our retail and B2B customers with our custom portal and catalog solutions. We source from manufacturers and distributors at lowest prices for original and branded products locally and all over the world combined with quick delivery and great customer support”, says Ali Asgar Raja, Founder of SupplyVan. Read More..