Middle East and Africa Naval Vessels MRO Market Forecast (2018-2025)

Year REST OF MIDDLE EAST AND AFRICA TURKEY SAUDI ARABIA UAE
2018 $ 385.2 $ 151.5 $ 161.4 $ 231.7
2019 $ 404.5 $ 161.0 $ 170.6 $ 249.5
2020 $ 414.9 $ 167.1 $ 176.2 $ 262.4
2021 $ 426.3 $ 173.9 $ 182.3 $ 276.7
2022 $ 438.7 $ 181.2 $ 189.0 $ 292.1
2023 $ 451.7 $ 189.1 $ 196.1 $ 308.7
2024 $ 466.6 $ 197.9 $ 204.2 $ 327.5
2025 $ 482.9 $ 207.7 $ 213.0 $ 348.1
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Middle East and Africa Naval Vessels MRO Market Forecast (2018-2025)

Synopsis
The above chart is Global Naval Vessels MRO market [2018-2025] by Middle East and Africa

Market Dynamics

Rest of middle east and africa accounted for the largest market share in 2019 in the middle east and africa naval vessels mro market, and is expected to reach usd 482.90 million in 2025 from usd 404.50 million in 2019. however, uae is the fastest growing market, which is expected to grow at a cagr of 5.82% 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 907.40 million in 2025 from usd 728.70 million in 2019. this market is projected to grow at a cagr of 3.82% during the forecast period from 2020 - 2025. however, overhaul segment is the fastest growing market, which is expected to grow at a cagr of 5.11% 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 581.90 million in 2025 from usd 447.50 million in 2019. this market is projected to grow at a cagr of 4.57% 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 4.57% during the forecast period 2020 - 2025. destroyers segment accounted for the largest market share in 2019, this market is expected to reach usd 571.80 million in 2025 from usd 465.90 million in 2019. this market is projected to grow at a cagr of 3.57% during the forecast period from 2020 - 2025. however, corvettes segment is the fastest growing market, which is expected to grow at a cagr of 5.69% during the forecast period 2020 - 2025.

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