Market Overview:
The global military land vehicles market is expected to grow at a CAGR of 3.92% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced and sophisticated military land vehicles across the globe. Additionally, rising tensions among countries and an increase in defence spending are also fuelling the growth of this market. The global military armored vehicles segment is projected to grow at a CAGR of 4.02% during the forecast period from 2018 to 2030, owing to an increase in defense spending by various countries across the globe. The North America region is expected to lead this segment during the forecast period, followed by Europe and Asia Pacific respectively.
Product Definition:
Military Land Vehicles are used by the military to transport troops and equipment. They are also used for reconnaissance and security missions.
Military Armored Vehicles:
Military armored vehicles, also called military land vehicles (MLV) or combat vehicles, are designed primarily to protect the soldiers and their cargo from attack by using various types of armor such as ceramic composite, steel plate etc. The global market for MLVs is expected to witness significant growth over the forecast period owing to increasing warfare situations across the globe.
Military Battle Tanks:
Military battle tanks are designed and developed to fight in the field with other military vehicles. They have high durability, strong armor, and are capable of dealing heavy damage to the enemy. The primary objective of a military tank is to provide cover for infantry or other Military Vehicles (MV) during an attack or while transporting troops.
Application Insights:
The application segment is bifurcated into defence and transportation. The former includes applications such as military logistics, transport, and others. Logistics are the primary function of the vehicles in any army which requires a large number of vehicles for moving troops and their equipment from one place to another. Transport is necessary to carry soldiers who are sick or injured as well as those who have been captured by an enemy force during wartime. Other applications include disaster relief, security patrols, food distribution among other non-combatant functions that require heavy armoured trucks with armed personnel carriers for protection against terrorist attacks or criminal activities in war zones or areas where civil authorities cannot be trusted.
Regional Analysis:
Asia Pacific is anticipated to be the largest regional market over the forecast period. The growth of this region can be attributed to increasing defense budgets in China and India as well as acquisitions of armored vehicles from other countries. Moreover, Asia Pacific has been witnessing increased terrorist activities which has led governments across the world to increase spending on military operations, thus driving demand for combat vehicles in this region.
The Middle East & Africa is expected to grow at a significant rate over the forecast period owing to high investments being made by various governments for procuring advanced military equipment including land combat platforms such as Armored Multipurpose Vehicles (AMPV) and Light Armored Vehicle-Protected (LAV-P). Furthermore, growing conflicts between various countries such as Iran and Saudi Arabia are expected drive demand for armored vehicles across this region thereby propelling growth. North America accounted for more than 20% share of global revenue in 2017 owing rising emphasis on homeland security issues coupled with increasing expenditure by U.
Growth Factors:
- Increasing demand for military land vehicles from developing countries owing to rising security concerns
- Proliferation of regional conflicts and terrorism, which is leading to an increase in defense spending by governments worldwide
- Growing need for mobility and tactical superiority in modern warfare scenarios
- Technological advancements in the design and development of military land vehicles
- Rising demand for armored vehicles and other specialized military land vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Land Vehicles Market Research Report
By Type
Military Armored Vehicles, Military Battle Tanks, Unmanned Ground Vehicles
By Application
Defence, Transportation
By Companies
BAE Systems, Rhenmetall, General Dynamics, Oshkosh Corporation, ST Engineering, Achleitner, Ashok Leyland, Iveco, John Deere, Otokar, Krauss-Maffei Wegmann, Lockheed Martin Corporation, Thales Group
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Military Land Vehicles Market Report Segments:
The global Military Land Vehicles market is segmented on the basis of:
Types
Military Armored Vehicles, Military Battle Tanks, Unmanned Ground Vehicles
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
Defence, Transportation
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:
- BAE Systems
- Rhenmetall
- General Dynamics
- Oshkosh Corporation
- ST Engineering
- Achleitner
- Ashok Leyland
- Iveco
- John Deere
- Otokar
- Krauss-Maffei Wegmann
- Lockheed Martin Corporation
- Thales Group
Highlights of The Military Land Vehicles 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:
- Military Armored Vehicles
- Military Battle Tanks
- Unmanned Ground Vehicles
- By Application:
- Defence
- Transportation
- 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 Land Vehicles 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Military land vehicles are any type of vehicle that is used by the military for transportation or combat. This can include everything from tanks to jeeps to trucks.
Some of the key players operating in the military land vehicles market are BAE Systems, Rhenmetall, General Dynamics, Oshkosh Corporation, ST Engineering, Achleitner, Ashok Leyland, Iveco, John Deere, Otokar, Krauss-Maffei Wegmann, Lockheed Martin Corporation, Thales Group.
The military land vehicles market is expected to grow at a compound annual growth rate of 3.92%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Land Vehicles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Military Land Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Land Vehicles Market - Supply Chain
4.5. Global Military Land Vehicles Market Forecast
4.5.1. Military Land Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Land Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Land Vehicles Market Absolute $ Opportunity
5. Global Military Land Vehicles Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Military Land Vehicles Market Size and Volume Forecast by Type
5.3.1. Military Armored Vehicles
5.3.2. Military Battle Tanks
5.3.3. Unmanned Ground Vehicles
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Land Vehicles Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Military Land Vehicles Market Size and Volume Forecast by Application
6.3.1. Defence
6.3.2. Transportation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Land Vehicles Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Military Land Vehicles Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Military Land Vehicles Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Military Land Vehicles Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Military Land Vehicles Demand Share Forecast, 2019-2026
9. North America Military Land Vehicles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Military Land Vehicles Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Military Land Vehicles Market Size and Volume Forecast by Application
9.4.1. Defence
9.4.2. Transportation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Land Vehicles Market Size and Volume Forecast by Type
9.7.1. Military Armored Vehicles
9.7.2. Military Battle Tanks
9.7.3. Unmanned Ground Vehicles
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Military Land Vehicles Demand Share Forecast, 2019-2026
10. Latin America Military Land Vehicles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Military Land Vehicles Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Military Land Vehicles Market Size and Volume Forecast by Application
10.4.1. Defence
10.4.2. Transportation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Land Vehicles Market Size and Volume Forecast by Type
10.7.1. Military Armored Vehicles
10.7.2. Military Battle Tanks
10.7.3. Unmanned Ground Vehicles
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Military Land Vehicles Demand Share Forecast, 2019-2026
11. Europe Military Land Vehicles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Military Land Vehicles Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Military Land Vehicles Market Size and Volume Forecast by Application
11.4.1. Defence
11.4.2. Transportation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Land Vehicles Market Size and Volume Forecast by Type
11.7.1. Military Armored Vehicles
11.7.2. Military Battle Tanks
11.7.3. Unmanned Ground Vehicles
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Military Land Vehicles Demand Share, 2019-2026
12. Asia Pacific Military Land Vehicles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Military Land Vehicles Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Military Land Vehicles Market Size and Volume Forecast by Application
12.4.1. Defence
12.4.2. Transportation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Land Vehicles Market Size and Volume Forecast by Type
12.7.1. Military Armored Vehicles
12.7.2. Military Battle Tanks
12.7.3. Unmanned Ground Vehicles
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Military Land Vehicles Demand Share, 2019-2026
13. Middle East & Africa Military Land Vehicles Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Military Land Vehicles Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Military Land Vehicles Market Size and Volume Forecast by Application
13.4.1. Defence
13.4.2. Transportation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Land Vehicles Market Size and Volume Forecast by Type
13.7.1. Military Armored Vehicles
13.7.2. Military Battle Tanks
13.7.3. Unmanned Ground Vehicles
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Military Land Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Land Vehicles Market: Market Share Analysis
14.2. Military Land Vehicles Distributors and Customers
14.3. Military Land Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BAE Systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rhenmetall
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Dynamics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Oshkosh Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ST Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Achleitner
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ashok Leyland
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Iveco
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. John Deere
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Otokar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Krauss-Maffei Wegmann
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lockheed Martin Corporation
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Thales Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
