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MRO Full Form

MRO Full Form

Edited By Team Careers360 | Updated on Jan 17, 2023 02:35 PM IST

What is Full Form of MRO?

MRO is used as an abbreviation for Maintenance, Repair, and Operations or sometimes Maintenance, Repair, and Overhaul. It is a broad term for the tools, activities, and equipment required for a business’s daily operations. MRO includes the set of procedures and activities related to the upkeep of a facility or plant, which can be the physical maintenance of the building or structure, the operating systems of the facility, and the types of equipment used to make the plant or facility's primary business output.

MRO Full Form
MRO Full Form

Types Of MRO

MRO is concerned with the repair and maintenance of a facility or plant, which can be further divided into several areas that include:

  • Infrastructure repair and maintenance

  • Production equipment repair and maintenance

  • Material handling equipment maintenance

  • Tooling and consumables

Current Situation Of MRO In India

About 90 per cent of MRO sector requirements in India are currently met through imports from other countries. India's indigenous MRO sector is nascent but holds significant potential for growth. The growth of this sector will mainly be fueled by the growing aviation industry of India (likely to generate nearly around 90,000 jobs and could also save up to US$ 2 billion in foreign exchange). In terms of the size and breadth of certified services, the domestic MRO industry will likely continue to rely on foreign MROs until its domestic counterpart catches up.

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Frequently Asked Question (FAQs)

1. What is MRO Inventory?

Most companies must maintain a stock of supplies, spare parts, and other materials that helps keep their businesses running. Collectively all these items are known as the maintenance, repair, and operations (MRO) inventory.

2. How many MRO are there in India?

There are 8 major players in the Indian market: AIESL, Air Works, Indamer Private Limited, Deccan Charter, Taj Air, Bird ExecuJet, GMR Aero Technic Limited, and Max MRO Private Limited.

3. What are some common industries where MRO is heavily required?

The following industries are immensely dependent on MRO services:

  • Aerospace & Defense

  • Shipbuilding

  • Industrial Equipment

  • Medical Devices

  • Electronics

4. In which industry the term MRO was first used?

Maintenance, Repair, and Overhaul (MRO) were first coined in the US aviation industry.

5. What is the current valuation of the MRO sector?

The global maintenance, repair, and operations (MRO) market was valued at US$ 254.05 Billion in 2021, and it is projected to be worth US$ 291.32 Billion by 2027.

6. What is the full form of MRO?

Medical Review Officer is the full form of MRO as well.

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