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Global Naval Vessels MRO Market: By Vessel Type: Submarines, Frigates, Corvettes, Aircraft Carrier, Destroyers; By MRO Type: Engine MRO, Dry Dock MRO, Component MRO, Modification; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Naval Vessels MRO Market Outlook
The global naval vessels MRO market is projected to grow in the forecast period of 2021-2026 at a CAGR of 6.9%.
The growing focus of countries on keeping their naval fleet combat-ready has increased the demand for naval vessels MRO services. Due to factors such as the increased spending on defence by developing countries, the Asia Pacific is projected to lead the naval vessels MRO market in the forecast period.
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Properties and Applications
Naval vessels MRO sector covers overhauls, servicing, audits, regular inspections, repairs, and modifications performed on a vessel and its components to prolong the ship life.
The industry can be broadly categorised based on vessel types and MRO types.
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Based on vessel types, the industry is divided into:
- Submarines
- Frigates
- Corvettes
- Aircraft Carrier
- Destroyers
Based on the MRO types, the industry is divided into:
- Engine MRO
- Dry Dock MRO
- Component MRO
- Modification
The EMR report looks into the regional markets of naval vessels MRO like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The increasing geopolitical tensions between countries are increasing the demand to upgrade navy fleets, which is aiding the growth of the naval vessels MRO market. The size of an aircraft carrier is larger than a destroyer or an assault ship, which requires considerable maintenance. This factor is increasing the need for MRO services in the aircraft carrier market segment. The rising MRO costs leading to the emergence of the Asia Pacific as a naval vessel maintenance hub is one of the primary trends in the naval vessels MRO industry.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global naval vessels MRO market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- General Dynamics Corporation (NYSE: GD)
- Lockheed Martin Corporation
- Northrop Grumman Corporation
- Huntington Ingalls Industries
- Elbit Systems
- Raytheon Company
- BAE Systems
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report
- How has the global naval vessels MRO market performed in the previous years (2016-2020)?
- What is the forecast assessment of the industry for 2021-2026?
- What are the major drivers in the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major constraints in the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major demand indicators of the global industry?
- Who are the key manufacturers in the global industry?
- What is the degree of competition in the global industry?
- What are the major events and developments taking place within the global industry?
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Naval Vessels MRO Market Analysis
6.1 Global Naval Vessels MRO Market (2016-2020) & Forecast (2021-2026)
6.2 Global Naval Vessels MRO Market Breakup by Vessel Type
6.2.1 Submarines
6.2.2 Frigates
6.2.3 Corvettes
6.2.4 Aircraft Carrier
6.2.5 Destroyers
6.3 Global Naval Vessels MRO Market Breakup by Vessel Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Submarines
6.3.2 Frigates
6.3.3 Corvettes
6.3.4 Aircraft Carrier
6.3.5 Destroyers
6.4 Global Naval Vessels MRO Market Breakup by MRO Type
6.4.1 Engine MRO
6.4.2 Dry Dock MRO
6.4.3 Component MRO
6.4.4 Modification
6.5 Global Naval Vessels MRO Market Breakup by MRO Type: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Engine MRO
6.5.2 Dry Dock MRO
6.5.3 Component MRO
6.5.4 Modification
6.6 Global Naval Vessels MRO Market by Region
6.6.1 North America
6.6.1.1 United States of America
6.6.1.2 Canada
6.6.2 Europe
6.6.2.1 Germany
6.6.2.2 United Kingdom
6.6.2.3 France
6.6.2.4 Italy
6.6.2.5 Others
6.6.3 Asia Pacific
6.6.3.1 China
6.6.3.2 Japan
6.6.3.3 India
6.6.3.4 ASEAN
6.6.3.5 Others
6.6.4 Latin America
6.6.4.1 Brazil
6.6.4.2 Argentina
6.6.4.3 Mexico
6.6.4.4 Others
6.6.5 Middle East & Africa
6.6.5.1 Saudi Arabia
6.6.5.2 United Arab Emirates
6.6.5.3 Nigeria
6.6.5.4 South Africa
6.6.5.5 Others
6.7 Global Naval Vessels MRO Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 North America
6.7.1.1 United States of America
6.7.1.2 Canada
6.7.2 Europe
6.7.2.1 Germany
6.7.2.2 United Kingdom
6.7.2.3 France
6.7.2.4 Italy
6.7.2.5 Others
6.7.3 Asia Pacific
6.7.3.1 China
6.7.3.2 Japan
6.7.3.3 India
6.7.3.4 ASEAN
6.7.3.5 Others
6.7.4 Latin America
6.7.4.1 Brazil
6.7.4.2 Argentina
6.7.4.3 Mexico
6.7.4.4 Others
6.7.5 Middle East & Africa
6.7.5.1 Saudi Arabia
6.7.5.2 United Arab Emirates
6.7.5.3 Nigeria
6.7.5.4 South Africa
6.7.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 Competitive Landscape & Supplier Analysis
9.1 General Dynamics Corporation (NYSE: GD)
9.1.1 Company Overview
9.1.2 Financial Analysis
9.2 Lockheed Martin Corporation (NYSE: LMT)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.3 Northrop Grumman Corporation (NYSE: NOC)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.4 Huntington Ingalls Industries (NYSE: HII)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.5 Elbit Systems (TLV: ESLT)
9.5.1 Company Overview
9.5.2 Financial Analysis
9.6 Raytheon Company (NYSE: RTN)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.7 BAE Systems (LON: BA)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.8 Others
10 Industry Events and Developments
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