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(CityRegions.Com, August 09, 2018 ) Naval vessels are differentiated from civilian ships by their design and purpose. Such ships are damage resilient and armed. Naval vessels MRO is crucial for sustaining and extending the life of a vessel. It comprises maintenance, overhauls, routine checks, inspections, repairs, and modifications carried out on a vessel and their components. MRO services assure the safety and airworthiness of naval vessels.
At present, the market of Naval Vessel MRO is concentrated in the coastal countries and regions. North America, Europe and Asia – Pacific are the main regions. North America is the largest area in the world, which occupied about 35.70% in 2016. The second large area is Asia – Pacific, accounting for 31.68%.
The global leading players in this market are BAE Systems, General Dynamics, Huntington Ingalls Industries, Northrop Grumman, Lockheed Martin, Raytheon, URS Corporation, Saab and Elbit Systems. The top 5 players occupied about half of the market.
The Naval Vessel MRO split to three segments by vessel type: Surface Warship, Submarines and Support vessels. Surface Warship dominated the market with a market share of 57.50% in 2016.
Over the next five years, LPI(LP Information) projects that Naval Vessel MRO will register a 8.8% CAGR in terms of revenue, reach US$ 13700 million by 2023, from US$ 8300 million in 2017.
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To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Dry Dock MRO
Segmentation by application:
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The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Huntington Ingalls Industries
To study and analyze the global Naval Vessel MRO market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Naval Vessel MRO market by identifying its various subsegments.
Focuses on the key global Naval Vessel MRO players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Naval Vessel MRO with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Naval Vessel MRO submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Some Point from TOC:
1 Scope of the Report
2 Executive Summary
3 Global Naval Vessel MRO by Players
4 Naval Vessel MRO by Regions
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