Military Vehicle Sustainment Market by Service (Maintenance, Repair, & Overhaul, Parts & Components Supply, Training & Support), Vehicle Type (Armored Fighting Vehicles, Engineering & Recovery Vehicles, Ground Support Vehicles), Application - Global Forec

Military Vehicle Sustainment Market by Service (Maintenance, Repair, & Overhaul, Parts & Components Supply, Training & Support), Vehicle Type (Armored Fighting Vehicles, Engineering & Recovery Vehicles, Ground Support Vehicles), Application - Global Forecast 2024-2030

The Military Vehicle Sustainment Market size was estimated at USD 21.58 billion in 2023 and expected to reach USD 23.10 billion in 2024, at a CAGR 7.42% to reach USD 35.62 billion by 2030.

Military vehicle sustainment encompasses the comprehensive range of maintenance, repair, and overhaul (MRO) services required to prolong the operational life and enhance the performance of a wide array of military vehicles. The increasing global defense expenditure is driven by geopolitical tensions and regional conflicts, which demand efficient MRO solutions to maintain fleets operational under challenging conditions. Additionally, the rising adoption of advanced military technologies necessitates regular updates and upgrades to maintain technologically advanced vehicles on the battlefield. However, high costs associated with maintaining advanced military platforms that exceed budget allocations may adversely impact the adoption of military vehicle sustainment services. Moreover, the development of innovative maintenance strategies leveraging digitalization tools such as predictive analytics and remote diagnostics systems can enable more proactive approaches toward vehicle sustainment in the upcoming years.

Regional Insights

The military vehicle sustainment market is evolving in the Americas owing to the defense spending on advanced military vehicles for its armed forces. The U.S. Department of Defense continues to focus on upgrading existing vehicle fleets with state-of-the-art technologies such as autonomous systems and increased survivability features. EU countries allocate significant budgets toward military vehicle development and sustainment initiatives for enhancing mission effectiveness. In the EMEA region, increasing focus on indigenous production capabilities due to growing demand for military vehicles and the presence of defense manufacturers are encouraging the growth of the military vehicle sustainment market. The APAC region is rapidly expanding its military vehicle production capabilities, driven by substantial investments in research and development and collaborative strategies to strengthen defense capabilities. The countries in the region, including China, are focusing on developing cutting-edge technologies to enhance their self-defense forces' mobility and survivability. Moreover, the integration of breakthrough technologies is expected to improve the efficiency of vehicles and is anticipated to boost the adoption of military vehicle sustainment services globally.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Military Vehicle Sustainment Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising aging military vehicle fleet and demand for upgradation and maintenance services
    • Government initiatives for defense modernization and increasing defense budget
    • Market Restraints
      • High cost of military vehicle sustainment services
      • Market Opportunities
        • Utilization of predictive maintenance and advanced algorithms in sustainment services
        • Emerging trend of outsourcing sustainment services in the military sector
        • Market Challenges
          • Concerns associated with environmental issues
          • Market Segmentation Analysis
            • Services: Significant demand for military vehicle maintenance, repair, and overhaul (MRO) services
            • Vehicle Type: Extensive use of military vehicle sustainment services to ensure adequate working efficiency of armored fighting vehicles
            • Application: Proliferating need for military vehicle sustainment services in the army
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Military Vehicle Sustainment Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Military Vehicle Sustainment Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Baltics’ Largest Infantry Fighting Vehicle Site Opens in Lithuania
              
              Lithuania inaugurated the largest infantry fighting vehicle workshop in the Baltic region, covering an area of 4,500 square meters and housing 22 military vehicles. This impressive EUR 12 million (USD 12.6 million) facility aims to address all military equipment repair needs in one centralized location. It offers a wide range of services, including technical inspection, metal cutting, and bending. Additionally, all maintenance systems are interconnected through a shared network, enhancing fleet efficiency. This workshop significantly contributes to the sustainment and readiness of military vehicles in the region by consolidating various repair services under one roof.
              
              German Federal Cartel Office Gives Go-Ahead to Joint Venture Between Rheinmetall and Ukrainian Defence Industry
              
              Rheinmetall and Ukraine's state-owned Ukrainian Defence Industry group (UDI) initiated a strategic cooperation venture aimed at strengthening Ukraine's defense sector and enhancing its national security. This collaboration involves comprehensive technology transfers, the establishment of defense capabilities within Ukraine, the addition of local value, and the prompt delivery of military equipment from Germany. This collaboration between Rheinmetall and UDI is expected to significantly contribute to the advancement of Ukraine's defense capabilities and bolster its national security.
              
              Bulgaria to Invest USD 1.376 Billion in U.S.-Made ‘Stryker’ Combat Vehicles to Modernize its Military by 2028
              
              Bulgaria planned to invest USD 1.376 billion in U.S.-made Stryker combat vehicles, aiming to modernize its military by 2028. The Stryker vehicles provide exceptional protection, mobility, and advanced situational awareness capabilities. This significant investment can ensure that the Bulgarian military is equipped with the latest vehicle sustainment technologies, enhancing their capabilities and readiness for future operations.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Military Vehicle Sustainment Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Military Vehicle Sustainment Market, highlighting leading vendors and their innovative profiles. These include 3M Company, AM General LLC, Babcock International Group PLC, BAE Systems plc, Booz Allen Hamilton Holding Corporation, CAMSS Shelters, EDGE Group PJSC, Elbit Systems Ltd., General Dynamics Land Systems, GS Engineering Inc., Honeywell International Inc., Indra Sistemas, S.A., Kratos Defense & Security Solutions, Inc., L3Harris Technologies, Inc., Larsen & Toubro Ltd, Leonardo DRS, Inc., Lockheed Martin Corporation, Mahindra Emirates Vehicle Armoring Fz LLC by Mahindra & Mahindra Limited, ManTech International Corporation, Meritor, Inc. by Cummins Inc., Northrop Grumman Corporation, Oshkosh Corporation, Rheinmetall AG, RTX Corporation, Serco Group plc, Sprung Instant Structures Ltd, Terma A/S, Textron Systems Corporation, Thales Group, and Ventia Services Group Pty Limited.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Military Vehicle Sustainment Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Service
              • Maintenance, Repair, & Overhaul
              • Parts & Components Supply
              • Training & Support
              • Upgrades & Modernization
              • Vehicle Type
                • Armored Fighting Vehicles
                • Engineering & Recovery Vehicles
                • Ground Support Vehicles
                • Landing Craft & Amphibious Vehicles
                • Light Tactical Vehicles
                • Military Trucks
                • Mine-Resistant Ambush Protected (MRAP) Vehicles
                • Self-Propelled Artillery
                • Application
                  • Air Force
                  • Army
                  • Navy
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Georgia
                        • Illinois
                        • Indiana
                        • Kentucky
                        • New York
                        • North Carolina
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Washington
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year