Global Armored Vehicles & MRO Market to Post Modest Growth through 2027, Expects SDI in Its Cutting-Edge Report Available at MarketPublishers.com16 Jun 2017 • by Natalie Aster
LONDON – Growth of the global demand for armored vehicles and MRO is predicted to gather momentum in the coming years fueled by a number of favourable factors like escalating threats from neighboring countries, certain insurgency issues, and also the ability to provide ground forces enhanced capabilities associated with munitions and protection. Moreover, the large existing inventory base along with novel procurements through the coming decade will spur the demand for maintenance and servicing activities, which is expected to give a considerable impetus to the armored vehicles and MRO market growth.
This year, the value of the world’s market for armored vehicles and MRO is estimated at around USD 24 billion. During 2017-2027, it is predicted to increase at a 3.67% CAGR to touch USD 34.4 billion.
The world’s armored vehicles and MRO market is anticipated to be led by the MTB sector in the years to come, which is likely to capture a 30% share of the overall market.
Regionally, the global market for armored vehicles and MRO is predicted to be dominated by the APAC region with a share of 27%.
The cutting-edge report “The Global Armored Vehicles and MRO Market 2017-2027” created by Strategic Defence Intelligence (SDI) provides an extensive unbiased analysis of the market landscape at different geographical levels as well as presents reliable updated statistics on the historical and present market performance.
This research study sheds light on the market dynamics and offers access to relevant data on the key drivers and restraints of the armored vehicles and MRO market growth. Furthermore, it pinpoints the major challenges and emerging lucrative opportunities, and discusses the prevailing market development trends and identifies market future growth prospects.
The report reviews the competitive environment, contains profiles of the top companies, and includes a snapshot of the recent industry developments and activities.
In addition, the research study offers a comprehensive future outlook through 2027.
Many other publisher’s in-demand reports are available at the SDI page.