Market Overview:
The global military tactical vehicle market is estimated to be USD XX million in 2018 and is projected to reach USD XX million by 2030, at a CAGR of X.X%, during the forecast period. The growth of the market can be attributed to the increasing demand for advanced military vehicles from defense forces across the world. The global military tactical vehicle market has been segmented on the basis of type, application, and region. On the basis of type, the market has been segmented into light vehicles, medium vehicles, and heavy vehicles. The light vehicle segment is projected to grow at a higher CAGR than other segments during the forecast period owing to its low weight and high maneuverability characteristics that make it suitable for operations in difficult terrains such as mountains or jungles.
Product Definition:
A military tactical vehicle is a type of armoured fighting vehicle used by militaries, and is specifically designed for supporting operations by special forces. These vehicles are usually lightly armoured and lack the ability to carry large payloads, compared to other armored vehicles such as main battle tanks or infantry fighting vehicles. They are however faster and more agile, making them ideal for reconnaissance missions or rapid deployment.
Light:
The global military tactical vehicle market size was valued at USD 6.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing need for transport of troops and material in war zones has led to an increase in demand for light vehicles such as trucks, carriers, ambulances, and others with enhanced off-road capabilities.
Medium:
The global medium is a wheeled military tactical vehicle that can be used to carry personnel and cargo. It has the ability to travel on road as well as offroad. Medium-sized tactical vehicles are built with high ground clearance, which helps in providing better approach and departure from the surfaces such as roads and highways. They have four wheels, which provide stability even on uneven terrains.
Application Insights:
The combat application segment dominated the global market in 2017. The vehicles are used by various military branches for carrying out patrols and patrolling areas, conducting ambushes and raids, moving through rough terrains at high speeds, protecting soldiers from enemy fire, etc. Combat vehicles are also used during training activities for providing realistic situations to the troops so that they can perform better in future.
The training application segment is expected to witness a CAGR of XX% over the forecast period owing to an increase in international sporting competitions such as Olympics and Commonwealth Games where these types of vehicles are used as parade floats or mascots. Furthermore, countries such as India have been participating actively in NATO-sponsored peacekeeping missions across different parts of the world which has increased demand for these types of armored cars among several militaries across different parts of the world which is expected to boost growth over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being the most powerful nation, has a large number of military vehicles across the globe. However, due to constant budget cuts and reduced defense spending by the government over past few years, there is a shortage of funds for new procurements as well as maintenance and upgrade activities for existing equipment. This is expected to hamper growth in North America during the forecast period.
Asia Pacific region is anticipated to witness significant growth over next eight years owing to increasing demand from countries such as China.
Growth Factors:
- Increasing demand for military tactical vehicles from emerging economies due to rising security concerns
- Proliferation of asymmetric warfare and terrorism across the globe
- Growing investments by governments in military modernization programs
- Rising demand for advanced features and capabilities in military tactical vehicles
- Technological advancements in the design and development of military tactical vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Military Tactical Vehicle Market Research Report
By Type
Light, Medium, Heavy
By Application
Combat, Training
By Companies
BAE Systems, BMW AG, Daimler AG (Mercedes Benz), Elbit Systems, Ford Motor Company, INKAS Armored Vehicle Manufacturing, International Armored Group, IVECO, Krauss-Maffei Wegmann GmbH & Co. (KMW), Lenco Industries, Lockheed Martin Corporation, Navistar, Inc., Oshkosh Defense, Rheinmetall AG, STAT, Inc., Textron, Thales Group, General Dynamics Corporation
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Military Tactical Vehicle Market Report Segments:
The global Military Tactical Vehicle market is segmented on the basis of:
Types
Light, Medium, Heavy
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
Combat, Training
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
- BMW AG
- Daimler AG (Mercedes Benz)
- Elbit Systems
- Ford Motor Company
- INKAS Armored Vehicle Manufacturing
- International Armored Group
- IVECO
- Krauss-Maffei Wegmann GmbH & Co. (KMW)
- Lenco Industries
- Lockheed Martin Corporation
- Navistar, Inc.
- Oshkosh Defense
- Rheinmetall AG
- STAT, Inc.
- Textron
- Thales Group
- General Dynamics Corporation
Highlights of The Military Tactical Vehicle 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:
- Light
- Medium
- Heavy
- By Application:
- Combat
- Training
- 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 Tactical Vehicle 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.
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- Correctly Positioning New Products
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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 tactical vehicle is a type of armored fighting vehicle used by militaries for reconnaissance, transport, and fire support.
Some of the major players in the military tactical vehicle market are BAE Systems, BMW AG, Daimler AG (Mercedes Benz), Elbit Systems, Ford Motor Company, INKAS Armored Vehicle Manufacturing, International Armored Group, IVECO, Krauss-Maffei Wegmann GmbH & Co. (KMW), Lenco Industries, Lockheed Martin Corporation, Navistar, Inc., Oshkosh Defense, Rheinmetall AG, STAT, Inc., Textron, Thales Group, General Dynamics Corporation.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Military Tactical Vehicle 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 Tactical Vehicle Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Military Tactical Vehicle Market - Supply Chain
4.5. Global Military Tactical Vehicle Market Forecast
4.5.1. Military Tactical Vehicle Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Military Tactical Vehicle Market Size (000 Units) and Y-o-Y Growth
4.5.3. Military Tactical Vehicle Market Absolute $ Opportunity
5. Global Military Tactical Vehicle 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 Tactical Vehicle Market Size and Volume Forecast by Type
5.3.1. Light
5.3.2. Medium
5.3.3. Heavy
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Military Tactical Vehicle 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 Tactical Vehicle Market Size and Volume Forecast by Application
6.3.1. Combat
6.3.2. Training
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Military Tactical Vehicle 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 Tactical Vehicle 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 Tactical Vehicle 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 Tactical Vehicle 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 Tactical Vehicle Demand Share Forecast, 2019-2026
9. North America Military Tactical Vehicle 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 Tactical Vehicle 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 Tactical Vehicle Market Size and Volume Forecast by Application
9.4.1. Combat
9.4.2. Training
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Military Tactical Vehicle Market Size and Volume Forecast by Type
9.7.1. Light
9.7.2. Medium
9.7.3. Heavy
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 Tactical Vehicle Demand Share Forecast, 2019-2026
10. Latin America Military Tactical Vehicle 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 Tactical Vehicle 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 Tactical Vehicle Market Size and Volume Forecast by Application
10.4.1. Combat
10.4.2. Training
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Military Tactical Vehicle Market Size and Volume Forecast by Type
10.7.1. Light
10.7.2. Medium
10.7.3. Heavy
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 Tactical Vehicle Demand Share Forecast, 2019-2026
11. Europe Military Tactical Vehicle 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 Tactical Vehicle 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 Tactical Vehicle Market Size and Volume Forecast by Application
11.4.1. Combat
11.4.2. Training
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Military Tactical Vehicle Market Size and Volume Forecast by Type
11.7.1. Light
11.7.2. Medium
11.7.3. Heavy
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 Tactical Vehicle Demand Share, 2019-2026
12. Asia Pacific Military Tactical Vehicle 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 Tactical Vehicle 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 Tactical Vehicle Market Size and Volume Forecast by Application
12.4.1. Combat
12.4.2. Training
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Military Tactical Vehicle Market Size and Volume Forecast by Type
12.7.1. Light
12.7.2. Medium
12.7.3. Heavy
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 Tactical Vehicle Demand Share, 2019-2026
13. Middle East & Africa Military Tactical Vehicle 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 Tactical Vehicle 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 Tactical Vehicle Market Size and Volume Forecast by Application
13.4.1. Combat
13.4.2. Training
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Military Tactical Vehicle Market Size and Volume Forecast by Type
13.7.1. Light
13.7.2. Medium
13.7.3. Heavy
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 Tactical Vehicle Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Military Tactical Vehicle Market: Market Share Analysis
14.2. Military Tactical Vehicle Distributors and Customers
14.3. Military Tactical Vehicle 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. BMW AG
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Daimler AG (Mercedes Benz)
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Elbit Systems
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ford Motor Company
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. INKAS Armored Vehicle Manufacturing
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. International Armored Group
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. Krauss-Maffei Wegmann GmbH & Co. (KMW)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lenco Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lockheed Martin Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Navistar, Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Oshkosh Defense
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Rheinmetall AG
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. STAT, Inc.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Textron
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Thales Group
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. General Dynamics Corporation
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
