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Procurement Pipeline Combined with Modernization Strategies Create New Aftermarket Growth Opportunities
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This 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 periodFor 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 documentsThe research period for this analysis is 2020–2025 using a base year of 2020 and a forecast period of 2021–2025.Author: John Hernandez
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