The US naval vessel MRO space is in a mature life-cycle stage, but is experiencing strong short-term momentum as the US Navy pushes to improve fleet readiness and reduce maintenance backlogs. In CY2024, total MRO spending is USD 11,179.9 million, backed by a base-year growth rate of 18.7% versus the previous year. The industry structure is concentrated yet competitive, with 92 active industry competitors and the top 10 contractors accounting for 74.4% of contract value, reflecting a mix of large primes and specialized shipyards supporting the US military naval vessel MRO industry growth.

• How will strategic imperatives in fleet readiness and high spending levels influence the growth of the US naval vessel MRO space?
• What steps can your team take to capitalize on growth drivers like aging infrastructure & platforms, modernization & capability upgrades, and digital transformation?
• Which growth prospects are driven by industrial base collaborations and the increased use of private-sector capacity?