Reports

Naval Vessels MRO Market

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 (2018-2028); 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 2023-2028 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.

 

Global Naval Vessels MRO Market

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Market Segmentation

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.

 

Global Naval Vessels MRO Market

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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.

 

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.

 

Global Naval Vessels MRO Market

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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 Highlights of the Report:

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Vessel Type, MRO Type, Region
Breakup by Vessel Type Submarines, Frigates, Corvettes, Aircraft Carrier, Destroyers
Breakup by MRO Type Engine MRO, Dry Dock MRO, Component MRO, Modification
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered General Dynamics Corporation (NYSE: GD), Lockheed Martin Corporation (NYSE: LMT),
Northrop Grumman Corporation (NYSE: NOC), Huntington Ingalls Industries (NYSE: HII),
Elbit Systems (TLV: ESLT), Raytheon Company (NYSE: RTN), BAE Systems (LON: BA), Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Naval Vessels MRO Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Naval Vessels MRO Historical Market (2018-2022) 
    8.3    Global Naval Vessels MRO Market Forecast (2023-2028)
    8.4    Global Naval Vessels MRO Market by Vessel Type
        8.4.1    Submarines
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Frigates
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Corvettes
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Aircraft Carriers
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Destroyers
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
    8.5    Global Naval Vessels MRO Market by MRO Type
        8.5.1    Engine MRO
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Dry Dock MRO
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Component MRO
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Modification
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
    8.6    Global Naval Vessels MRO Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028) 
9    North America Naval Vessels MRO Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Naval Vessels MRO Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Naval Vessels MRO Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Naval Vessels MRO Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Naval Vessels MRO Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    General Dynamics Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    BAE Systems
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Northrop Grumman Corporation
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Huntington Ingalls Industries Inc.
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables
       
1.    Global Naval Vessels MRO Market: Key Industry Highlights, 2018 and 2028
2.    Global Naval Vessels MRO Historical Market: Breakup by Vessel Type (USD Million), 2018-2022
3.    Global Naval Vessels MRO Market Forecast: Breakup by Vessel Type (USD Million), 2023-2028
4.    Global Naval Vessels MRO Historical Market: Breakup by MRO Type (USD Million), 2018-2022
5.    Global Naval Vessels MRO Market Forecast: Breakup by MRO Type (USD Million), 2023-2028
6.    Global Naval Vessels MRO Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Naval Vessels MRO Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Naval Vessels MRO Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Naval Vessels MRO Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Naval Vessels MRO Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Naval Vessels MRO Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Naval Vessels MRO Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Naval Vessels MRO Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Naval Vessels MRO Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Naval Vessels MRO Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Naval Vessels MRO Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Naval Vessels MRO Market Forecast: Breakup by Country (USD Million), 2023-2028  
18.    Global Naval Vessels MRO Market Structure

Key Questions Answered in the Report

What is the growth rate of the global naval vessels MRO market?

The global naval vessels MRO market is projected to grow at a CAGR of nearly 6.9% in the forecast period of 2023-2028.

What are the major market drivers?

The major drivers of the industry include the rising disposable incomes, increasing population, rising focus of countries on keeping their naval fleet combat ready, and the rising spending on defence by developing countries.

What are the key industry trends of the global naval vessels MRO market?

The rising geopolitical tensions between countries are increasing the demand to upgrade navy fleets, which is expected to be a key trend guiding the growth of the industry.

What are the major regional markets of naval vessels MRO, according to the EMR report?

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with the Asia Pacific accounting for the largest market share.

What are the leading vessel types in the industry?

The leading vessel types in the industry are submarines, frigates, corvettes, aircraft carriers, and destroyers.

What are the significant MRO types in the market?

The significant MRO types in the market are engine MRO, dry dock MRO, component MRO, and modification.

Who are the key industry players, according to the report?

The leading players in the market are General Dynamics Corporation, BAE Systems, Northrop Grumman Corporation, and Huntington Ingalls Industries Inc., among others.

Analyst Review

The global naval vessels MRO market is being driven by the increased focus of countries on keeping their naval fleet combat ready. Aided by the rising spending on defence by developing countries, the industry is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 6.9%.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on vessel type, the market can be segmented into submarines, frigates, corvettes, aircraft carrier, and destroyers. On the basis of MRO type, the industry can be divided into engine MRO, dry dock MRO, component MRO, and modification. The major regional markets for naval vessels MRO are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include General Dynamics Corporation, BAE Systems, Northrop Grumman Corporation, and Huntington Ingalls Industries Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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