New

Naval Ship MRO Market

2021

Naval Ship MRO Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Vessel Type (Surface Ships, Submarines); MRO Type (Engine MRO, Dry Dock MRO, Component MRO, Others) and Geography

| Report Code: TIPRE00025700 | No. of Pages: 150 | Category: Aerospace and Defense | Status: Upcoming

Market Insights

Naval Ship MRO Market 2028 By Vessel Type, MRO Type and Geography | The Insight Partners

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MARKET OVERVIEW

The ongoing advancement in technology to build greater defense capability has created a significant demand for more complex naval vessels with a better and smarter technology. The rise demand for maintenance, repair, and overhauling of the existing fleet of navy ships and vessels worldwide can be attributed to increasing maritime disputes, thereby driving the growth in the naval vessel maintenance, repair, and overhaul (MRO) market. The market is marked by the ongoing naval conflict between various geographical powers, which is creating a sufficiently large market for key MRO service providers. Furthermore, the rise extensive use of vessels in maritime patrolling and naval exercises creates a booming market for naval ship MRO service providers.

MARKET SCOPE

The "Global Naval Ship MRO Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Naval Ship MRO market with detailed market segmentation by Vessel Type, MRO Type, and geography. The global Naval Ship MRO market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Naval Ship MRO market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on Vessel Type, the market can be segmented into Surface Ships (aircraft carriers, cruisers, destroyers, frigates, corvettes, large patrol vessels) and Submarines.
  •   On the basis of MRO Type, the market can be segmented into Engine MRO, Dry Dock MRO, Component MRO, Others.

MARKET DYNAMICS
Drivers:

  •   Extensive use of naval ships in patrolling and naval exercises has created a huge demand for maintenance and repair of existing fleet of vessels
  •   Increasing geo-political conflicts and requirement to strengthen the naval forces

Restraints:

  •   Insufficient budget allocation by the governments

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Naval Ship MRO market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Naval Ship MRO market in these regions.

IMPACT OF COVID-19 ON NAVAL SHIP MRO MARKET

The outbreak of the COVID-19 has impacted defense-related industries due to the disruption in the global supply chain which created a significant shortage in the demand for MRO of naval vessels during the pandemic's peak in 2020. However, prominent market players have adopted stringent measures to reduce supply chain disruption. For instance, BAE Systems focused on minimizing the impact on their supply ecosystem by meeting their payment obligations and working together in close harmony with the suppliers. However, during 2021, the advent of geopolitical conflicts and the rising need to upgrade naval warfare systems to ensure coastal and maritime security have created sufficient demand for Naval Ship MRO. For instance, in the US, A September 2021 Congressional Budget Office (CBO) report estimated that the fleet envisaged on June 17, 2021, long-range Navy shipbuilding document would cost an average of $25.3 billion to $32.7 billion per year after FY2021. These figures are 10% to 43% higher than the $22.9 billion in FY2021 that Congress appropriated, on average, for the complete Navy shipbuilding activities over the past three years. Therefore, the major slump in global military Naval Ship MRO market in the short-term is getting subsided due to the increase in government expenditure and rising geo-political tension worldwide.



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MARKET PLAYERS


The report covers key developments in the Naval Ship MRO market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Naval Ship MRO market are anticipated to lucrative growth opportunities in the future with the rising demand for Naval Ship MRO in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Naval Ship MRO market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   BAE Systems
  •   Damen Shipyards Group
  •   FINCANTIERI S.p.A.
  •   General Dynamics NASSCO
  •   Naval Group
  •   Oceaneering International, Inc.
  •   Rhoads Industries, Inc.
  •   Shin Kurushima Sanoyas Shipbuilding Co., Ltd.
  •   HYUNDAI HEAVY INDUSTRIES GROUP
  •   ThyssenKrupp AG

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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Naval Ship MRO Market - By Vessel Type
1.3.2 Naval Ship MRO Market - By MRO Type
1.3.3 Naval Ship MRO Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. NAVAL SHIP MRO MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. NAVAL SHIP MRO MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. NAVAL SHIP MRO MARKET - GLOBAL MARKET ANALYSIS
6.1. NAVAL SHIP MRO - GLOBAL MARKET OVERVIEW
6.2. NAVAL SHIP MRO - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. NAVAL SHIP MRO MARKET - REVENUE AND FORECASTS TO 2028 - VESSEL TYPE
7.1. OVERVIEW
7.2. VESSEL TYPE MARKET FORECASTS AND ANALYSIS
7.3. SURFACE SHIPS
7.3.1. Overview
7.3.2. Surface Ships Market Forecast and Analysis
7.3.3. Aircraft Carriers Market
7.3.3.1. Overview
7.3.3.2. Aircraft Carriers Market Forecast and Analysis
7.3.4. Cruisers Market
7.3.4.1. Overview
7.3.4.2. Cruisers Market Forecast and Analysis
7.3.5. Destroyers Market
7.3.5.1. Overview
7.3.5.2. Destroyers Market Forecast and Analysis
7.3.6. Frigates Market
7.3.6.1. Overview
7.3.6.2. Frigates Market Forecast and Analysis
7.3.7. Corvettes Market
7.3.7.1. Overview
7.3.7.2. Corvettes Market Forecast and Analysis
7.3.8. Large Patrol Vessels Market
7.3.8.1. Overview
7.3.8.2. Large Patrol Vessels Market Forecast and Analysis
7.4. SUBMARINES
7.4.1. Overview
7.4.2. Submarines Market Forecast and Analysis
8. NAVAL SHIP MRO MARKET - REVENUE AND FORECASTS TO 2028 - MRO TYPE
8.1. OVERVIEW
8.2. MRO TYPE MARKET FORECASTS AND ANALYSIS
8.3. ENGINE MRO
8.3.1. Overview
8.3.2. Engine MRO Market Forecast and Analysis
8.4. DRY DOCK MRO
8.4.1. Overview
8.4.2. Dry Dock MRO Market Forecast and Analysis
8.5. COMPONENT MRO
8.5.1. Overview
8.5.2. Component MRO Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. NAVAL SHIP MRO MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Naval Ship MRO Market Overview
9.1.2 North America Naval Ship MRO Market Forecasts and Analysis
9.1.3 North America Naval Ship MRO Market Forecasts and Analysis - By Vessel Type
9.1.4 North America Naval Ship MRO Market Forecasts and Analysis - By MRO Type
9.1.5 North America Naval Ship MRO Market Forecasts and Analysis - By Countries
9.1.5.1 United States Naval Ship MRO Market
9.1.5.1.1 United States Naval Ship MRO Market by Vessel Type
9.1.5.1.2 United States Naval Ship MRO Market by MRO Type
9.1.5.2 Canada Naval Ship MRO Market
9.1.5.2.1 Canada Naval Ship MRO Market by Vessel Type
9.1.5.2.2 Canada Naval Ship MRO Market by MRO Type
9.1.5.3 Mexico Naval Ship MRO Market
9.1.5.3.1 Mexico Naval Ship MRO Market by Vessel Type
9.1.5.3.2 Mexico Naval Ship MRO Market by MRO Type
9.2. EUROPE
9.2.1 Europe Naval Ship MRO Market Overview
9.2.2 Europe Naval Ship MRO Market Forecasts and Analysis
9.2.3 Europe Naval Ship MRO Market Forecasts and Analysis - By Vessel Type
9.2.4 Europe Naval Ship MRO Market Forecasts and Analysis - By MRO Type
9.2.5 Europe Naval Ship MRO Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Naval Ship MRO Market
9.2.5.1.1 Germany Naval Ship MRO Market by Vessel Type
9.2.5.1.2 Germany Naval Ship MRO Market by MRO Type
9.2.5.2 France Naval Ship MRO Market
9.2.5.2.1 France Naval Ship MRO Market by Vessel Type
9.2.5.2.2 France Naval Ship MRO Market by MRO Type
9.2.5.3 Italy Naval Ship MRO Market
9.2.5.3.1 Italy Naval Ship MRO Market by Vessel Type
9.2.5.3.2 Italy Naval Ship MRO Market by MRO Type
9.2.5.4 United Kingdom Naval Ship MRO Market
9.2.5.4.1 United Kingdom Naval Ship MRO Market by Vessel Type
9.2.5.4.2 United Kingdom Naval Ship MRO Market by MRO Type
9.2.5.5 Russia Naval Ship MRO Market
9.2.5.5.1 Russia Naval Ship MRO Market by Vessel Type
9.2.5.5.2 Russia Naval Ship MRO Market by MRO Type
9.2.5.6 Rest of Europe Naval Ship MRO Market
9.2.5.6.1 Rest of Europe Naval Ship MRO Market by Vessel Type
9.2.5.6.2 Rest of Europe Naval Ship MRO Market by MRO Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Naval Ship MRO Market Overview
9.3.2 Asia-Pacific Naval Ship MRO Market Forecasts and Analysis
9.3.3 Asia-Pacific Naval Ship MRO Market Forecasts and Analysis - By Vessel Type
9.3.4 Asia-Pacific Naval Ship MRO Market Forecasts and Analysis - By MRO Type
9.3.5 Asia-Pacific Naval Ship MRO Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Naval Ship MRO Market
9.3.5.1.1 Australia Naval Ship MRO Market by Vessel Type
9.3.5.1.2 Australia Naval Ship MRO Market by MRO Type
9.3.5.2 China Naval Ship MRO Market
9.3.5.2.1 China Naval Ship MRO Market by Vessel Type
9.3.5.2.2 China Naval Ship MRO Market by MRO Type
9.3.5.3 India Naval Ship MRO Market
9.3.5.3.1 India Naval Ship MRO Market by Vessel Type
9.3.5.3.2 India Naval Ship MRO Market by MRO Type
9.3.5.4 Japan Naval Ship MRO Market
9.3.5.4.1 Japan Naval Ship MRO Market by Vessel Type
9.3.5.4.2 Japan Naval Ship MRO Market by MRO Type
9.3.5.5 South Korea Naval Ship MRO Market
9.3.5.5.1 South Korea Naval Ship MRO Market by Vessel Type
9.3.5.5.2 South Korea Naval Ship MRO Market by MRO Type
9.3.5.6 Rest of Asia-Pacific Naval Ship MRO Market
9.3.5.6.1 Rest of Asia-Pacific Naval Ship MRO Market by Vessel Type
9.3.5.6.2 Rest of Asia-Pacific Naval Ship MRO Market by MRO Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Naval Ship MRO Market Overview
9.4.2 Middle East and Africa Naval Ship MRO Market Forecasts and Analysis
9.4.3 Middle East and Africa Naval Ship MRO Market Forecasts and Analysis - By Vessel Type
9.4.4 Middle East and Africa Naval Ship MRO Market Forecasts and Analysis - By MRO Type
9.4.5 Middle East and Africa Naval Ship MRO Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Naval Ship MRO Market
9.4.5.1.1 South Africa Naval Ship MRO Market by Vessel Type
9.4.5.1.2 South Africa Naval Ship MRO Market by MRO Type
9.4.5.2 Saudi Arabia Naval Ship MRO Market
9.4.5.2.1 Saudi Arabia Naval Ship MRO Market by Vessel Type
9.4.5.2.2 Saudi Arabia Naval Ship MRO Market by MRO Type
9.4.5.3 U.A.E Naval Ship MRO Market
9.4.5.3.1 U.A.E Naval Ship MRO Market by Vessel Type
9.4.5.3.2 U.A.E Naval Ship MRO Market by MRO Type
9.4.5.4 Rest of Middle East and Africa Naval Ship MRO Market
9.4.5.4.1 Rest of Middle East and Africa Naval Ship MRO Market by Vessel Type
9.4.5.4.2 Rest of Middle East and Africa Naval Ship MRO Market by MRO Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Naval Ship MRO Market Overview
9.5.2 South and Central America Naval Ship MRO Market Forecasts and Analysis
9.5.3 South and Central America Naval Ship MRO Market Forecasts and Analysis - By Vessel Type
9.5.4 South and Central America Naval Ship MRO Market Forecasts and Analysis - By MRO Type
9.5.5 South and Central America Naval Ship MRO Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Naval Ship MRO Market
9.5.5.1.1 Brazil Naval Ship MRO Market by Vessel Type
9.5.5.1.2 Brazil Naval Ship MRO Market by MRO Type
9.5.5.2 Argentina Naval Ship MRO Market
9.5.5.2.1 Argentina Naval Ship MRO Market by Vessel Type
9.5.5.2.2 Argentina Naval Ship MRO Market by MRO Type
9.5.5.3 Rest of South and Central America Naval Ship MRO Market
9.5.5.3.1 Rest of South and Central America Naval Ship MRO Market by Vessel Type
9.5.5.3.2 Rest of South and Central America Naval Ship MRO Market by MRO Type

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. NAVAL SHIP MRO MARKET, KEY COMPANY PROFILES
11.1. BAE SYSTEMS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DAMEN SHIPYARDS GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FINCANTIERI S.P.A.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL DYNAMICS NASSCO
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. NAVAL GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. OCEANEERING INTERNATIONAL, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. RHOADS INDUSTRIES, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHIN KURUSHIMA SANOYAS SHIPBUILDING CO., LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HYUNDAI HEAVY INDUSTRIES GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THYSSENKRUPP AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. BAE Systems
2. Damen Shipyards Group
3. FINCANTIERI S.p.A.
4. General Dynamics NASSCO
5. Naval Group
6. Oceaneering International, Inc.
7. Rhoads Industries, Inc.
8. Shin Kurushima Sanoyas Shipbuilding Co., Ltd.
9. HYUNDAI HEAVY INDUSTRIES GROUP
10. ThyssenKrupp AG
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