Press release
The Global Naval Vessels MRO Market 2012–2022
The Global Naval Vessels MRO Market 2012–2022
London, August 16th, 2012 – The Naval Vessels MRO market consists of four categories: Destroyers MRO, Frigates MRO, Submarines MRO and Aircraft Carriers MRO. The value of the market is expected to increase at a CAGR of 9.68% during the forecast period (2012-2022) (reference graph below).
Recent years has witnessed various countries upgrading their fleet of naval warships including frigates, cruisers, destroyers and amphibious ships with ballistic missile defense capabilities. With various countries currently involved in border disputes and other geo-political conflicts, governments are now upgrading their naval vessels with anti-ballistic missiles to combat existing threats. Specifically, a ballistic missile threat currently exists in Europe, Asia and the Middle East and the governments of these countries are spending robustly to equip their warships with integrated air defense combat systems.
Navies around the world are increasingly outsourcing the maintenance and logistics support contracts, both to maintenance specialists and original equipment manufacturers (OEMs). This is primarily to increase their ability to respond to crisis situations and adapt to the dynamic nature of technology changes in the industry. The various blue water navies such as the Royal Navy, US Navy, Royal Australian, Hellenic and Royal Norwegian navies, as well as others in South America, have decided to adopt a strategy to focus their budgets on their field of expertise which includes managing fleet deployment and ensuring ships have a technological edge.
The naval vessels MRO sector is currently witnessing a phase of moderate M&A activity in keeping with the trend of sector consolidation when military demand falls. As defense spending has leveled off in recent years, companies operating in all areas of defense are looking to diversify their offerings in order to compete for the various contracts on offer, and add more revenue streams to their existing lines of business. Additionally, growing financial pressure, an overabundance of MRO companies and pressure from original equipment manufacturers (OEMs), is also expected to force a consolidation of the industry and a change in the MRO business model.
For more information about this study please contact:
Mr. Jens Hohmann
GlobalDefence.net
c/o Contados Medien und Verlags KG
Hohefeldstraße 3
34132 Kassel / Germany
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Fon: +49 (0)176 - 322 367 95
Fax: +49 (0)561 - 350 29 32 -19
http://www.globdef-studies.com/
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Strategic Defence Intelligence's unique monitoring platform tracks global defence activity for over 2,500 companies and 65 product categories in real time and in a highly structured manner, giving a comprehensive and easily-searchable picture of all defence industry activity. The site features: daily updated analysis, comment and news, company and customer profiles, defence spending, tenders and contracts, product and technology intelligence, a research and analysis database providing access to industry and competitor reports to enable business and market planning, and fully customizable tools, including instant personalized report generation and custom alerts.
About GlobalDefence.net
For more than a decade GlobalDefence.net provides information from the field of foreign and security policy. It all started in the year 2001. After 911 the founder and current editor in chief Holger Paletschek started to create a German-speaking website with an overview about the armed forces of the world.
Today GlobalDefence.net stands for current news, background articles, geopolitical analyses, network of experts, industry leaders, political decision makers, as well as information about the armed forces of the world provided in German and English.
GlobalDefence.net
c/o Contados Medien und Verlags KG
Hohefeldstraße 3
34132 Kassel / Germany
advertisement@globaldefence.net
Fon: +49 (0)176 - 322 367 95
Fax: +49 (0)561 - 350 29 32 -19
http://www.globdef-studies.com/
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