OEM and MRO Demand Are Rising Together. The Next Gearbox Constraint May Not Be a Parts Shortage
A series of industrial earnings reports released over the past several weeks—and capped by Parker Hannifin’s results on August 6—suggests that a potentially important shift is occurring inside the industrial equipment market. Demand is not strengthening only on the new-equipment side. Replacement parts, aftermarket services and MRO purchasing are strengthening at the same time. Parker … Read more
