A recent study by Reportlinker indicates that the military ground vehicle maintenance, repair and overhaul market’s value reached $5.66 billion in 2013.
Overseas deployments of the U.S. and European forces, as well as anti-terrorism campaigns in Iraq and Afghanistan that call for new warfare platforms and technologies are among the factors driving market value, Reportlinker said March 28.
Expansions in several states have offset the adverse impact of ended combat missions on the U.S. vehicle MRO market, according to the report.
The report forecasts the military ground vehicle MRO market growth with a 10-year budget projection for the 14 highest spending countries and an outline of products, services and strategies of 18 key players in that market.