DUBLIN--(BUSINESS WIRE)--Jun 8, 2018--The "The Global Armored Vehicles and MRO Market 2018-2028" report has been added to ResearchAndMarkets.com's offering.

This 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 encountered by industry participants.

The need to provide ground forces with increased capabilities pertaining to protection and munitions is expected to spur the armored vehicles market. The threat from neighbouring nations and insurgency issues is expected to be a major factor that will 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 anticipated to fuel the armored vehicles MRO market to a great extent.

Key Highlights

The global armored vehicles and MRO market is expected to grow at a CAGR of 4.59% over the forecast period. The market consists of six segments: MBT, IFV, APC, MRAP, LMV, and tactical trucks. The market is expected to be dominated by the MBT segment, followed by IFV and APC segments. Region wise, Asia Pacific is expected to lead the global armored vehicles and MRO during 2018-2028, followed by the North American and the European markets.

Companies Mentioned

BAE Systems Denel Land Systems General Dynamics Hyundai Rotem Iveco Krauss-Maffei Wegmann Norinco Navistar Defense Nexter SA Otokar Panhard Renault Truck Defense Rheinmetall Thales Uralvagonzavod

For more information about this report visit https://www.researchandmarkets.com/research/69tg9l/the_global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180608005244/en/

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Related Topics:Tanks and Armored Vehicles

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/08/2018 06:19 AM/DISC: 06/08/2018 06:19 AM

http://www.businesswire.com/news/home/20180608005244/en