Global Military Vehicle Sustainment Market Size, Share & Trends Analysis Report by Service (Maintenance, Repair, & Overhaul, Parts & Components Supply, Training & Support, Upgrades & Modernization), by Vehicle Type (Armored Fighting Vehicles, Engineering

Global Military Vehicle Sustainment Market Size, Share & Trends Analysis Report by Service (Maintenance, Repair, & Overhaul, Parts & Components Supply, Training & Support, Upgrades & Modernization), 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 Vehicles, Self-Propelled Artillery), by Application (Air Force, Army, Navy), and Regional Forecasts 2022-2032

The Global Military Vehicle Sustainment Market is valued at approximately USD 21.58 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 7.42% over the forecast period 2024-2032. 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.

The extensive use of military vehicle sustainment services ensures the adequate working efficiency of armored fighting vehicles, which are combat vehicles designed for offensive and defensive operations and provide mobility, protection, and firepower to infantry units. Engineering & recovery vehicles support military engineering tasks such as bridging, mine clearance, and vehicle recovery during combat operations. Ground support vehicles facilitate logistical support to military units by transporting supplies, personnel, or equipment on the battlefield. Landing craft & amphibious vehicles enable sea-to-shore transportation of troops and equipment during amphibious operations or disaster relief missions. Light tactical vehicles are agile, multi-purpose vehicles designed for surveillance, patrol, or transport missions in various terrains. The demand is driven by the need for versatile and rapidly deployable units that can navigate complex combat environments. Military trucks are heavy-duty vehicles designed for long-range transportation of personnel, equipment, or supplies during military operations. These military vehicles play crucial roles in modern military operations by providing mobility, protection, and logistical support and need efficient military vehicle sustainment solutions to maintain their operational efficiency during military operations.

The key regions considered for the Global Military Vehicle Sustainment Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. In year 2023, the North America is dominating the market 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. The APAC region is rapidly expanding and projected to registered fastest growth owing to its military vehicle production capabilities, driven by substantial investments in research and development and collaborative strategies to strengthen defense capabilities. 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.

Major market players included in this report are:

BAE Systems plc

Lockheed Martin Corporation

General Dynamics Land Systems

Rheinmetall AG

Northrop Grumman Corporation

L3Harris Technologies, Inc.

Oshkosh Corporation

Leonardo DRS, Inc.

Textron Systems Corporation

Elbit Systems Ltd.

Honeywell International Inc.

AM General LLC

Serco Group plc

Thales Group

Cummins Inc.

The detailed segments and sub-segments of the market are explained below:

By Service:

Maintenance, Repair, & Overhaul

Parts & Components Supply

Training & Support

Upgrades & Modernization

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

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of Latin America

Middle East & Africa

Saudi Arabia

South Africa

RoMEA

Years considered for the study are as follows:

Historical year – 2022

Base year – 2023

Forecast period – 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.

Annualized revenues and regional level analysis for each market segment.

Detailed analysis of geographical landscape with Country level analysis of major regions.

Competitive landscape with information on major players in the market.

Analysis of key business strategies and recommendations on future market approach.

Analysis of competitive structure of the market.

Demand side and supply side analysis of the market.

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