Asia Pacific Naval Vessels MRO Market By MRO Service Forecast (2018-2025)

Year CHINA INDIA JAPAN SOUTH KOREA REST OF ASIA PACIFIC
2018 $ 1037.2 $ 459.1 $ 214.1 $ 117.6 $ 56.5
2019 $ 1126.1 $ 496.7 $ 229.7 $ 122.8 $ 59.5
2020 $ 1194.5 $ 525.0 $ 240.7 $ 125.3 $ 60.9
2021 $ 1269.8 $ 556.2 $ 252.9 $ 128.1 $ 62.2
2022 $ 1352.0 $ 590.1 $ 266.0 $ 131.2 $ 63.4
2023 $ 1440.8 $ 626.7 $ 280.1 $ 134.5 $ 64.4
2024 $ 1541.0 $ 667.9 $ 296.0 $ 138.3 $ 65.2
2025 $ 1651.6 $ 713.4 $ 313.5 $ 142.6 $ 65.8
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Asia Pacific Naval Vessels MRO Market By MRO Service Forecast (2018-2025)

Synopsis
The above chart is Global Naval Vessels MRO market [2018-2025] Asia Pacific by MRO Service

Market Dynamics

China accounted for the largest market share in 2019 in the asia pacific naval vessels mro market, and is expected to reach usd 1651.60 million in 2025 from usd 1126.10 million in 2019.this market is projected to grow at a cagr of 6.69% during the forecast period from 2020 - 2025. maintenance and repair mr segment accounted for the larger market share in 2019, this market is expected to reach usd 2092.80 million in 2025 from usd 1504.60 million in 2019. this market is projected to grow at a cagr of 5.76% during the forecast period from 2020 - 2025. however, overhaul segment is the fastest growing market, which is expected to grow at a cagr of 7.07% during the forecast period 2020 - 2025. dry dock mro segment accounted for the largest market share in 2019, this market is expected to reach usd 1342.20 million in 2025 from usd 923.90 million in 2019. this market is projected to grow at a cagr of 6.52% during the forecast period from 2020 - 2025. however, dry dock mro segment is the fastest growing market, which is expected to grow at a cagr of 6.52% during the forecast period 2020 - 2025. destroyers segment accounted for the largest market share in 2019, this market is expected to reach usd 1318.80 million in 2025 from usd 962.00 million in 2019. this market is projected to grow at a cagr of 5.50% during the forecast period from 2020 - 2025. however, corvettes segment is the fastest growing market, which is expected to grow at a cagr of 7.66% during the forecast period 2020 - 2025.

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