DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "The Global Armored Vehicles and MRO Market 2017-2027" report to their offering.
Global Military Armored Vehicles and MRO market is expected to value US$24.0 billion in 2017 and will grow at a CAGR of 3.67% to value US$34.4 billion by 2027.
The cumulative market for global expenditure on military armored vehicles and MRO will reach US$312.8 billion over the forecast period. The demand for armored vehicles is expected to be driven by cross border disputes and modernization initiatives undertaken by various large defense spenders across the world.
In terms of segments, the military armored vehicles market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and tactical trucks. During the forecast period, MBTs are expected to account for the largest share of spending, accounting for 30% of the overall global market. Driven by large scale procurement programs in countries such as India, China, and Pakistan, the Asia Pacific region is expected to be the dominant market for MBTs throughout the next decade. North America and Europe are projected to account for the second and third largest markets in this segment.
The military armored vehicles and MRO market is expected to be led by Asia Pacific with a share of 27% over the forecast period, followed by North America with 25%, and Europe with 23%. The Middle Eastern market for military armored vehicles is expected to account for 15%, followed by the Latin American and the African markets with a collective share of 10%.
Key Topics Covered:
1. Executive Summary
2. Global Armored Vehicles and MRO Market -Overview
3. Market Dynamics
4. Armored Vehicles and MRO Market -Segment Analysis
5. Armored Vehicles MRO Market -Segment Analysis
6. Regional Review
7. Armored Vehicles and MRO Market -Regional Analysis
8. Armored Vehicles MRO Market -Regional Analysis
9. Trend Analysis - Key Defense Markets
10. Key Programs Analysis - Armored Vehicles
11. Key Programs Analysis - Armored Vehicles MRO
12. Competitive analysis
- BAE Systems
- Denel Land Systems
- General Dynamics Land Systems
- Hyundai Rotem
- Krauss-Maffei Wegmann
- Navistar Defense
- Nexter SA
- Oshkosh Defense
- Renault Truck Defense
For more information about this report visit https://www.researchandmarkets.com/research/xz66rt/the_global