Defense Equipment Maintenance, Repair and Overhauling Services Market Global Report 2020-30: Covid 19 Impact and Recovery

The Business Research Company’s latest report Defense Equipment Maintenance, Repair and Overhauling Services Global Market Report 2020 covers Defense Equipment Maintenance, Repair and Overhauling Services market drivers, Defense Equipment Maintenance, Repair and Overhauling Services market trends, Defense Equipment Maintenance, Repair and Overhauling Services market segments, Defense Equipment Maintenance, Repair and Overhauling Services market growth rate, Defense Equipment Maintenance, Repair and Overhauling Services market major players, and Defense Equipment Maintenance, Repair and Overhauling Services market size. The report provides in-depth analysis of the impact of COVID-19 on the Defense Equipment Maintenance, Repair and Overhauling Services industry, along with revised market numbers due to the effects of the coronavirus.

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Defense Equipment Maintenance, Repair and Overhauling Services Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

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 The global defense equipment maintenance, repair and overhauling services market is expected to decline from $59.7 billion in 2019 to $55.3 billion in 2020 at a compound annual growth rate (CAGR) of -7.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 3% from 2021 and reach $59 billion in 2023.

The report covers the Defense Equipment Maintenance, Repair and Overhauling Services market’s segments-

1) By Type: Air Based Defense Equipment MRO Services, Water Based Defense Equipment MRO Services, Land Based Defense Equipment MRO Services.
2) By Service Type: Annual Maintenance Contract, Individual Works, Others.

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