Procurement Pipeline Combined with Modernization Strategies Create New Aftermarket Growth Opportunities
The research period for this analysis is 2020-2025 using a base year of 2020 and a forecast period of 2021-2025.
The analysis offers readers an understanding of the US defense vehicles market and aftermarket. To isolate a defense vehicles “aftermarket,” it is necessary to present a clear portrayal of the US defense vehicles market as a whole. Several factors were obtained to furnish readers a broad analysis of growth opportunities within the defense vehicles aftermarket.
The analysis required completing the following activities:
- Review the most current defense budget documents to identify which organizations are procuring vehicles
- Determine how much defense organizations are spending on vehicle procurement and how much of that total spending can be qualified as potential aftermarket prospects
- Characterize the unique replacement parts, accessories, and equipment related to current and future defense vehicles
- Highlight the defense vehicles market participants involved in defense vehicle programs of records and detail the service and products they provide
- Provide, where possible, the number of units planned for procurement through the research period
For this analysis, the competitive environment review will include 2 aspects of base year (2020) activity:
- Market share based on defense vehicle-related contracts awarded during that time frame
- Competitors active in program activities for which actual spending was allocated, referenced from budget documents