$32B MRO Market and Military Armored Vehicles Forecast to 2026

Sep 02, 2016, 04:00 ET from Market Reports Store

PUNE, India, September 2, 2016 /PRNewswire/ --

According to Global Military Armored Vehicles and MRO Market 2016-2026 report, the ability to offer ground forces increased capabilities pertaining to protection and munitions is expected to spur the need for armored vehicles over the forecast period. The threat from neighboring nations and insurgency issues will also be a major factor expected to contribute to the increasing demand for armored vehicles. Furthermore, the large base of existing inventory as well as new procurements throughout the next decade will create the need for servicing and maintenance activities, which is expected to fuel the armored vehicles and MRO market to a great extent.

Complete report on Military Armored Vehicles and MRO Market spread across 170 pages that provide analysis of 18 leading companies is now available at http://marketreportsstore.com/the-global-military-armored-vehicles-and-mro-market-2016-2026/.

The global military armored vehicles and MRO market is expected to value US$22.5 billion in 2016, and will grow at a CAGR of 3.71%, to value US$32.4 billion by 2026. The market is split into six segments: MBTs, IFVs, APCs, MRAPs, LMVs, and tactical trucks. IFVs will lead the market, with a share of 32.2%, followed by the MBT segment, accounting for a share of 25.8%. APC is projected to be the third largest segment with a share of 17.4%, followed by LMVs with a share of 11.1%. Tactical trucks and MRAPs are projected to capture 8.3% and 5.2% of the global market during 2016-2026. The Asia Pacific region is projected to lead the global armored vehicles and MRO market during 2016-2026, with a share of 26.8% of the global market. North America and Europe are also expected to account for a significant portion of the total military armoured vehicles and MRO market during the forecast period, with shares of 24.8% and 23.9% respectively.

The Global Military Armoured Vehicles and MRO Market 2016 - 2026 report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for armored vehicles, key market trends, and challenges faced by industry participants.  In particular, it provides an in-depth analysis of the following:

Market size and drivers: detailed analysis during 2016-2026, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world.

Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of armored vehicle segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants.

Order a Copy of Report at http://marketreportsstore.com/purchase?rname=51240.

Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand.

Major programs: details of the key programs in each segment, which are expected to be executed during 2016-2026.

Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis.

Few the leading companies are General Dynamics Land Systems, Nexter SA, Denel Land Systems (DLD), Oshkosh Defense, RheinmetallLandsysteme GmbH, Renault Truck Defense, Hyundai Rotem, Navistar Defense, OtokarOtomotivveSavunmaSanayi A.S., OtoMelara and more.

Another military focused report is The Global Military Unmanned Ground Vehicles Market 2016-2026 - The global military UGV market values US$444.8 million in 2016, and is expected to grow at a CAGR of 4.76%, to value US$707.8 million by 2026. North America is projected to dominate the market with a share of 52.1% over the forecast period, followed Europe at 24.3%, and Asia Pacific at 15.8%.The Middle Eastern market for UGVs is expected to account for a share of 6.8%. Over the forecast period, the Explosive Ordnance Disposal segment is expected to account for 51.3% of the market, while Intelligence, Surveillance and Reconnaissance (ISR) and the Others segments  are expected to account for shares of 40.9% and 7.8% respectively. Complete report available at http://marketreportsstore.com/the-global-military-unmanned-ground-vehicles-market-2016-2026/ .

Explore other new reports on Public Sector at http://marketreportsstore.com/category/public-sector/.

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