Market Overview:
The global military armored car market is estimated to be valued at US$ XX million in 2018 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The growth in the market can be attributed to the increasing demand for armored cars from defense and homeland security applications. The global military armored car market has been segmented on the basis of type, application, and region. On the basis of type, the market has been segmented into B4, B5, B6, and B7 segments. The B4 segment is expected to account for a major share of the global military armored car market during the forecast period owing to its low cost as compared to other types of armored cars. On the basis of application, defense and homeland security are two key segments that are expected to drive demand for military armored cars duringthe forecast period.
Product Definition:
A military armored car is a type of armored fighting vehicle used by militaries, intelligence services and police forces around the world. They are typically large, heavy vehicles that provide protection for their occupants against small arms fire and explosives.
B4:
B4 is short for Black Beauty. It's a term used to described any vehicle that has been extensively modified and customized to improve its performance in the military environment. B4 vehicles are built with an emphasis on durability, reliability, and overall toughness. They are designed to perform under extremely adverse conditions for a longer duration without failure or loss of life of the crew or passengers.
B5:
B5 is a family of thermoplastics developed by the DuPont company. It was initially designed for use in polyurethane foams, but has since been used in other applications such as fibers and films. B5 plastics are resistant to solvents, acids & bases and have low thermal conductivity. They can be processed using standard injection molding techniques with simple machinery making them suitable for mass production.
Application Insights:
The defense application segment led the global market in 2017. This is attributed to the increasing demand for armored cars from countries such as U.S., Canada, Germany, France and UK among others. These nations are investing heavily in enhancing their military capabilities owing to a rise in terrorist threats across the globe. Countries such as India and China are also making significant investments in developing their military capabilities which will further boost product demand over the forecast period.
Homeland security is expected to be one of the fastest-growing segments during the forecast period owing to an increase in government initiatives aimed at improving safety for civil authorities and citizens at large amid rising criminal activities globally resulting into increased spending on security infrastructure including fortified buildings.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing defense spending by countries such as the U.S., Canada, and Mexico among others coupled with stringent regulations for road transportation of gold and cash by banks, which has led armored car operators to flourish in this region.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rising geopolitical tensions between countries such as India/Pakistan, China/Taiwan among others that have led governments across various economies including Australia and Japan amongst other nations have called for increased defense spending from their respective national budgets thus driving demand for military armored cars within these regions.
Growth Factors:
- Increasing demand for armored cars from military and law enforcement agencies across the globe due to rising security concerns.
- Proliferation of terrorist activities and insurgencies in various parts of the world is expected to drive the demand for armored cars in the coming years.
- Growing investments by governments towards modernization of their armed forces is also anticipated to boost the market growth over the forecast period.
- Rising incidences of cross-border conflicts are expected to create a positive impact on military armored car market growth during the forecast period 2017 – 2025
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Armored Car Market Research Report
By Type
B4, B5, B6, B7
By Application
Defense, Homeland Security
By Companies
STREIT Group, Centigon Security Group, INKAS, Armormax, DIMA HOLDINGS Co., Ltd, MSPV, Double Star (Shanghai), JANKEL ARMOURING, The Armored Group, Shell Armored Vehicles, Alpine Armoring Inc, WELP Armouring, JCBL Armouring Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Military Armored Car Market Report Segments:
The global Military Armored Car market is segmented on the basis of:
Types
B4, B5, B6, B7
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Defense, Homeland Security
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- STREIT Group
- Centigon Security Group
- INKAS
- Armormax
- DIMA HOLDINGS Co., Ltd
- MSPV
- Double Star (Shanghai)
- JANKEL ARMOURING
- The Armored Group
- Shell Armored Vehicles
- Alpine Armoring Inc
- WELP Armouring
- JCBL Armouring Solutions
Highlights of The Military Armored Car Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- B4
- B5
- B6
- B7
- By Application:
- Defense
- Homeland Security
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Military Armored Car Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A military armored car is a vehicle designed to protect personnel and equipment from attack by gunfire, shrapnel, or other forms of damage. Armored cars are typically used by militaries and law enforcement agencies around the world.
Some of the major players in the military armored car market are STREIT Group, Centigon Security Group, INKAS, Armormax, DIMA HOLDINGS Co., Ltd, MSPV, Double Star (Shanghai), JANKEL ARMOURING, The Armored Group, Shell Armored Vehicles, Alpine Armoring Inc, WELP Armouring, JCBL Armouring Solutions.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Military Armored Car Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Military Armored Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Military Armored Car Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Military Armored Car Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Military Armored Car Market Size & Forecast, 2018-2028
4.5.1 Military Armored Car Market Size and Y-o-Y Growth
4.5.2 Military Armored Car Market Absolute $ Opportunity
Chapter 5 Global Military Armored Car Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Military Armored Car Market Size Forecast by Type
5.2.1 B4
5.2.2 B5
5.2.3 B6
5.2.4 B7
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Military Armored Car Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Military Armored Car Market Size Forecast by Applications
6.2.1 Defense
6.2.2 Homeland Security
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Military Armored Car Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Military Armored Car Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Military Armored Car Analysis and Forecast
9.1 Introduction
9.2 North America Military Armored Car Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Military Armored Car Market Size Forecast by Type
9.6.1 B4
9.6.2 B5
9.6.3 B6
9.6.4 B7
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Military Armored Car Market Size Forecast by Applications
9.10.1 Defense
9.10.2 Homeland Security
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Military Armored Car Analysis and Forecast
10.1 Introduction
10.2 Europe Military Armored Car Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Military Armored Car Market Size Forecast by Type
10.6.1 B4
10.6.2 B5
10.6.3 B6
10.6.4 B7
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Military Armored Car Market Size Forecast by Applications
10.10.1 Defense
10.10.2 Homeland Security
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Military Armored Car Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Military Armored Car Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Military Armored Car Market Size Forecast by Type
11.6.1 B4
11.6.2 B5
11.6.3 B6
11.6.4 B7
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Military Armored Car Market Size Forecast by Applications
11.10.1 Defense
11.10.2 Homeland Security
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Military Armored Car Analysis and Forecast
12.1 Introduction
12.2 Latin America Military Armored Car Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Military Armored Car Market Size Forecast by Type
12.6.1 B4
12.6.2 B5
12.6.3 B6
12.6.4 B7
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Military Armored Car Market Size Forecast by Applications
12.10.1 Defense
12.10.2 Homeland Security
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Military Armored Car Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Military Armored Car Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Military Armored Car Market Size Forecast by Type
13.6.1 B4
13.6.2 B5
13.6.3 B6
13.6.4 B7
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Military Armored Car Market Size Forecast by Applications
13.10.1 Defense
13.10.2 Homeland Security
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Military Armored Car Market: Competitive Dashboard
14.2 Global Military Armored Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 STREIT Group
14.3.2 Centigon Security Group
14.3.3 INKAS
14.3.4 Armormax
14.3.5 DIMA HOLDINGS Co., Ltd
14.3.6 MSPV
14.3.7 Double Star (Shanghai)
14.3.8 JANKEL ARMOURING
14.3.9 The Armored Group
14.3.10 Shell Armored Vehicles
14.3.11 Alpine Armoring Inc
14.3.12 WELP Armouring
14.3.13 JCBL Armouring Solutions
