Military Vehicle Sustainment Market By Service Type (Maintenance, Repair & Overhaul, Parts & Components Supply, Training & Support) , By 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) By Application (Air Force, Army, Navy) : Global Opportunity Analysis and Industry Forecast, 2024-2033
Military Vehicle Sustainment Market
The military vehicle sustainment market was valued at $21.9 billion in 2023 and is projected to reach $43.3 billion by 2033, growing at a CAGR of 7.2% from 2024 to 2033.
Military vehicle sustainment involves the maintenance of the army fleet to ensure their prolonged life and efficient operation throughout. Sustainment of military vehicles is critical to safeguard the readiness of operations in demanding defense environments. The sustainment process is a combination of preventive & corrective maintenance, technical support, supply chain management, operator & maintenance training, and logistical operations.
Rise in focus on the refurbishment and the upgradation of the military fleet due to increase in awareness regarding the importance of sustainability is a key driver of the military vehicle sustainment market. In addition, innovations in material sciences have improved the reliability of sustained vehicles due to the usage of sophisticated elements such as lightweight composites and strong metals. These innovations augment the growth of the market significantly. A notable trend gaining prominence in the market is the availability of mobile maintenance services due to the advent of advanced technologies such as additive manufacturing. It enables the delivery of on-demand production & repair services in remote or conflict-prone areas, thereby reducing downtime and enhancing the logistical efficiency of vehicles.
However, the substantial costs of spare parts & advanced maintenance technologies and the establishment of extensive inventory for repair services restrain the growth of the military vehicle sustainment market. Contrarily, rise in investments by governments globally to enhance the potential of their military fleet is poised to open new avenues for the military vehicle sustainment market. For instance, the allies of NATO have invested around $380 billion in 2024 to strengthen the defense sector of Europe, which includes enhancing the capability of the military fleet. Moreover, the U.S. Army has offered Huntington Ingalls Industries—an American shipbuilding company—a five-year, $197-million contract to strengthen the efficiency of its combat vehicle fleet.
Segment ReviewThe military vehicle sustainment market is segmented into service type, vehicle type, application, and region. On the basis of service type, the market is divided into maintenance, repair & overhaul; parts & components supply; and training & support. Depending on vehicle type, it is classified into armored fighting vehicles, engineering & recovery vehicles, ground support vehicles, landing craft & amphibious vehicles, light tactical vehicles, military trucks, mine-resistant ambush protected (MRAP) vehicles, and self-propelled artillery. As per application, it is categorized into air force, army, and navy. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key FindingsOn the basis of service type, the maintenance, repair & overhaul segment dominated the market in 2023.
Depending on vehicle type, the armored fighting vehicles segment accounted for a significant market share in 2023.
As per application, the army segment was the highest shareholder in 2023.
Region wise, North America was the highest revenue generator in 2023.
Competition AnalysisThe leading players in the global military vehicle sustainment market include General Dynamics, BAE Systems Plc, Elbit Systems Limited, Babcock, ManTech International Corporation, Amentum, IDV, CAMMS Shelters, Edge Group PJSC, Larsen & Toubro Limited, Leonardo DRS Inc., GS Engineering Inc., Honeywell International Inc., Indra Sistemas SA, L3Harris Technologies Inc., Lockheed Martin Corporation, Serco Group Plc, Thales Group, Terma A/S, Textron Systems Corporation, and RTX Corporation. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the competitive market.
Key Market SegmentsBy Service TypeMaintenance
Repair Overhaul
Parts Components Supply
Training Support
By Vehicle TypeArmored 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
By ApplicationAir Force
Army
Navy
By RegionNorth America
U.S.
Canada
Mexico
Europe
France
Germany
Italy
Spain
UK
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Thailand
Malaysia
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Saudi Arabia
UAE
Argentina
Rest of LAMEA
Key Market PlayersGeneral Dynamics
BAE Systems Plc
Elbit Systems Limited
Babcock
ManTech International Corporation
Amentum
IDV
CAMMS Shelters
Edge Group PJSC
Larsen & Toubro Limited
Leonardo DRS Inc.
GS Engineering Inc.
Honeywell International Inc.
Indra Sistemas SA
L3Harris Technologies Inc.
Lockheed Martin Corporation
Serco Group Plc
Thales Group
Terma A/S
Textron Systems Corporation
RTX Corporation