Europe Naval Vessels MRO Market Forecast (2018-2025)

Year GERMANY FRANCE UNITED KINGDOM ITALY REST OF EUROPE
2018 $ 298.0 $ 200.3 $ 496.3 $ 172.4 $ 227.9
2019 $ 321.1 $ 221.5 $ 538.8 $ 184.5 $ 245.3
2020 $ 338.1 $ 239.3 $ 571.4 $ 192.9 $ 257.8
2021 $ 356.7 $ 259.1 $ 607.4 $ 202.1 $ 271.4
2022 $ 377.0 $ 281.0 $ 646.6 $ 212.1 $ 285.9
2023 $ 398.8 $ 305.0 $ 688.9 $ 222.7 $ 301.3
2024 $ 423.4 $ 332.3 $ 736.7 $ 234.8 $ 318.4
2025 $ 450.4 $ 362.7 $ 789.5 $ 248.0 $ 337.0
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Europe Naval Vessels MRO Market Forecast (2018-2025)

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

Market Dynamics

United kingdom accounted for the largest market share in 2019 in the europe naval vessels mro market, and is expected to reach usd 789.50 million in 2025 from usd 538.80 million in 2019. however, france is the fastest growing market, which is expected to grow at a cagr of 8.67% during the forecast period 2020 - 2025. destroyers segment accounted for the largest market share in 2019, this market is expected to reach usd 999.40 million in 2025 from usd 714.50 million in 2019. this market is projected to grow at a cagr of 5.86% during the forecast period from 2020 - 2025. however, corvettes segment is the fastest growing market, which is expected to grow at a cagr of 8.02% 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 1017.10 million in 2025 from usd 686.20 million in 2019. this market is projected to grow at a cagr of 6.88% 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 6.88% during the forecast period 2020 - 2025. maintenance and repair mr segment accounted for the larger market share in 2019, this market is expected to reach usd 1585.90 million in 2025 from usd 1117.50 million in 2019. this market is projected to grow at a cagr of 6.11% during the forecast period from 2020 - 2025. however, overhaul segment is the fastest growing market, which is expected to grow at a cagr of 7.42% during the forecast period 2020 - 2025.

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