LONDON, March 20, 2013 /PRNewswire/ --
The global market for military ground vehicle maintenance, repair and overhaul (MRO) will be worth $5.66bn in 2013, according to new figures released by industry analysts visiongain. Annual spending on military vehicle maintenance contracts is predicted to be 4.7% higher this year than in 2012. This rise comes despite a prediction of a long slowdown in the large US market as a result of the imminent ending of combat operations in Afghanistan.
The forecasts are part of a new report entitled the Global Military Ground Vehicles Maintenance, Repair & Overhaul (MRO) Market 2013-2023, which identifies strong sources of spending outside the USA as the main reason for continued expansion of global spending. Nevertheless, the combination of withdrawal from active combat and the effect of budget sequestration is identified as a major restraint on market growth.
The report provides a detailed breakdown of the effects of this restraint on the USA's national market, as well as of drivers and restraints in another 13 of the largest national markets for ground vehicle MRO.
The analyst who headed up visiongain's ground vehicle MRO research explained their findings; "Although over a decade of combat operations has driven the military ground vehicle MRO market to historic highs, the ending of these deployments, coinciding with a period of unprecedented economic uncertainty, puts the future of the market in some doubt. However, our research suggests that despite a long period of slow or negative growth, the US market will be larger in 2023 than it was in 2013. The resilience of spending in the largest national market for ground vehicle MRO, together with extremely strong growth from less well established sources, makes for a very positive long term global outlook."
The report has 134 pages and contains 169 tables, charts and graphs to explain trends and market projections within the military ground vehicle MRO market. As well as a global forecast, visiongain provides figures and analysis for 14 leading national markets (plus the 'Rest of the World' market) and 3 global submarkets for the period 2013-2023, armoured vehicles, support vehicles and unmanned vehicles. The report also provides profiles of 18 leading companies operating in the military ground vehicle MRO market worldwide.
The Global Military Ground Vehicles Maintenance, Repair & Overhaul (MRO) Market 2013-2023 is an invaluable reference for current and future investors in armoured vehicle protection and subsystems, as well as to companies and researchers who need to quickly understand the direction of both market and policy.
For further information about visiongain's report 'Global Military Ground Vehicles Maintenance, Repair & Overhaul (MRO) Market 2013-2023' please visit http://www.visiongain.com/Sector/9/Defence
AIM Infrarot-Module GmBH
American Rheinmettal Munitions Inc.
Anhui Jianghuai Automobile Co.
ATM Computer Systems
BAE Systems Australia
BAE Systems Detica
BAE Systems Electronic Systems
BAE Systems India
BAE Systems Intelligence & Security
BAE Systems Land & Armaments
BAE Systems Saudi Arabia
Bath Iron Works
Benntec Systemtechnik GmbH
David Langdon KPK
Elbit Security Systems Ltd.
Elbit Systems of America
Elbit Systems Electro-Optics Elop Ltd
Elbit Systems Land and C4I Ltd.
Elbit Systems EW and SIGINT Elisra Ltd.
Elbit Systems Cyclone Ltd.
General Dynamics Advanced Information Systems
General Dynamics Armament and Technical Products
General Dynamics C4 Systems
General Dynamics Corporation
General Dynamics European Land Systems
General Dynamics Information Technology
General Dynamics Land Systems
General Dynamics Ordnance and Tactical Systems
General Dynamics United Kingdom Ltd.
General Engines Products
General Transmissions Products
HIL Industrie Holding
Industrial Laser Electronics and Engineering AG
Iveco Defense Vehicles
KMW Asia Pacific
KMW de Brasil
Krauss Maffei Wegmann
Lockheed Martin Corporation
Lockheed Martin Aeronautics
Lockheed Martin Enterprise Operations
Lockheed Martin UK
Lockheed Martin Australia
Lockheed Martin Advanced Technologies Laboratories
Lockheed Martin Information Systems & Global Solutions
Lockheed Martin Canada
Lockheed Martin Missiles and Fire Control
Lockheed Martin Mission Systems & Training
Lockheed Martin Space Systems
L-3 Communications Corporation
Mahindra & Mahindra
Mantech International Corporation
Navistar Defense Canada
Navistar Defense UK Ltd.
Navistar Defense Europe B.V. Middle East
Northrop Grumman Corporation
Northrop Grumman Aerospace Systems
Northrop Grumman Electronic Systems
Northrop Grumman Information Systems
Northrop Grumman Technical Services
Otokar Europe SAS
Oto Melara S.p.A.
PSM Projekt System & Management GmbH
Rheinmettal Defence Munitions LLC
Rheinmettal Hellas S.A.
Rheinmettal Air Defence AG
Rheinmettal Defence Electronics GmbH
Rheinmettal Ballistics Protection
Rheinmettal Chempro GmbH
Rheinmettal Denel Munitions (pty) td.
Rheinmettal Italia S.p.A.
Rheinmettal Nordic AS
Rheinmettal Landsysteme GmbH
Rheinmettal MAN Military Vehicles Nederland B.V.
Rheinmettal MAN Military Vehicles GmbH
Rheinmettal Protection Systems Nederland B.V.
Rheinmettal Solider Electronics GmbH
Rheinmettal Technical Publications
Rheinmettal Waffe Munitions GmbH
RMW Zaugg AG
RMW Schweiz AG
RMW Italia S.p.A.
SAIC Frederick Inc
United Launch Alliance
United Space Alliance
Vehicle Protection Systems
Vitalize Consulting Solutions
VPS De Mexico
Wegman USA Inc.
Government Agencies Mentioned
Canadian Armed Forces
Gulf Cooperation Council (GCC)
German Armed Forces
International Service and Assistance Force (ISAF)
Israel Defence Forces
Italian Armed Forces
Japanese Defence Ministry
North Atlantic Treaty Organisation (NATO)
People's Liberation Army (PLA)
Singapore Armed Forces (SAF)
Turkish Under-Secretariat for Defence Industry (SSM)
United Nations (UN)
US Armed Forces
US Army Material Command
US Marine Corp (USMC)
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.
Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.
Contact: Sara Peerun on firstname.lastname@example.org, Tel: +44(0)20-7336-6100