Global Defense Armored Vehicle MRO Market 2018-2022

Overview of the global defense armored vehicle MRO market

According to Technavio’s defense armored vehicle MRO industry analysis, the rising procurement of new defense armored vehicles will be one of the major factors that will have a positive impact on the defense armored vehicle MRO market growth during the forecast period. Many nations have increased the procurement of armored vehicles to widen and strengthen their prevailing fleet. Factors such as the increased R&D activities in the armored vehicles market and rising defense spendage have led to the development of new armored vehicles. Armored vehicles include battle tanks, IFVs, and special armored vehicles that can withstand explosions. This will lead to the rise in the demand for defense armoured vehicles that in turn, will drive the market’s growth. Our defense armored vehicle MRO market forecast predicts that this market will grow at a CAGR of more than 6% by 2022.

The high collaborative efforts by military platform vendors is one of the key trends that will contribute to the market’s growth in the forthcoming years. Vendors are increasingly partnering with others and contributing their expertise in coming up with the innovative vehicle systems. Due to the presence of sophisticated and complex systems in the tactical ground vehicles, military platforms vendors are launching joint development efforts. For instance, boxer, an eight wheeled CRV, was made by ARTEC, a joint venture between Krauss-Maffei Wegmann (KMW) and Rheinmetall MAN Military Vehicles (RMMV) and Rheinmetall Military Vehicles Nederland.

What's your takeaway?

Technavio's industry research report on the global defense armored vehicle MRO market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the defense armored vehicle MRO market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Companies covered

Characterized by the presence of several players, the defense armoured vehicle MRO market appears to be fragmented. This industry research report offers information about the competitive environment among the players in the armored vehicle market and offers an analysis of the key companies and their products. Additionally, the report also offers information about key areas the players are currently focusing on and the strategies they are following to sustain in this global market.

This research report provides an analysis of the various companies in this market including –

• BAE Systems  
• General Dynamics Land Systems  
• Lockheed Martin  
• Oshkosh  
• Rheinmetall

Geographical segmentation and analysis of the defense armored vehicle MRO market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the contribute the maximum growth opportunities to the companies in the armored vehicle MRO market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global defense armored vehicle MRO market?
• What are the key market trends impacting the growth of the global defense armored vehicle MRO market?
• What are the challenges to market growth?
• Who are the key vendors in the global defense armored vehicle MRO market?
• What are the market opportunities and threats faced by the vendors in the global defense armored vehicle MRO market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global defense armored vehicle MRO market?

Technavio also offers customization on reports based on specific client requirement.