Market Overview:
The global mine-resistant ambush protected (MRAP) vehicles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for MRAP vehicles from defence and transportation applications across the globe. Additionally, the increasing investments by governments in defence sector is also fuelling the growth of MRAP vehicles market. However, high cost associated with these vehicles may restrain the growth of this market during the forecast period. The global MRAP-MRUV segment is projected to grow at a CAGR of 6% during 2018-2030 due to rising demand for light weight and smaller sized MRAPs for use in urban warfare scenarios.
Product Definition:
Mine-resistant ambush protected (MRAP) vehicles are armored combat vehicles used by the U.S. military and others to provide protection against mines and improvised explosive devices (IEDs). IEDs are the leading cause of death and injury for coalition forces in Iraq and Afghanistan. The first MRAP vehicles were deployed in 2007, and over 26,000 have been produced for the U.S. military alone.
MRAP-MRUV:
MRAP-MRUV is a Mine-Resistant Ambush Protected Vehicle (MRAP) program that was initiated by the U.S. government in 2006 to provide increased protection to soldiers from improvised explosive devices (IEDs) and anti-tank mines during military operations.
MRAP-JERRV:
MRAP-JERRV is a joint venture between the U.S. Army and Navistar, Inc., which produces both heavy trucks and light commercial vehicles for the military market under the brand name “Cadillac”. The Cadillacs are built to offer enhanced protection against IEDs, ambushes, anti-tank mines, and road side bombs at a reasonable cost with increased fuel efficiency as compared to other trucks in its class.
Application Insights:
On the basis of application, the global mine-resistant ambush protected vehicles (MRAP-MRUV, MRAP-JERRV) market is segmented into defence and transportation. The defense segment dominated the overall market in terms of revenue share in 2017. This can be attributed to a high demand for armoured vehicles from countries such as U.S., Canada and Australia among others who are involved in military operations overseas resulting in high demand for protection against Improvised Explosive Devices (IEDs).
The transportation segment is expected to grow at a significant rate over the forecast period owing to increasing number of terrorist attacks globally including Brussels Airport bombing, Paris Metro bombings and London Underground attack among others which have resulted in increased awareness about vehicle security amongst manufacturers worldwide.
Regional Analysis:
North America dominated the global market in 2017 owing to the high demand for military vehicles and increasing defense spending by countries, such as the U.S. and Canada. The Asia Pacific is expected to be one of the fastest-growing markets over the forecast period owing to rising government initiatives for procuring these vehicles, improving law enforcement capabilities, and growing terrorist threats in India and China.
The Latin American market is also expected to witness significant growth due to increasing investments by governments in strengthening law enforcement agencies such as Federal Police Forces (FPS) or National Civil Guards (PNI). Furthermore, rising crime rates especially highway robbery are anticipated to drive demand for these vehicles across South America region during future years.
Growth Factors:
- Increasing demand for Mine-resistant Ambush Protected Vehicles from the military and law enforcement agencies across the globe due to rising terrorist threats and increasing incidences of cross-border insurgency.
- Proliferation of improvised explosive devices (IEDs) and other asymmetric threats is also expected to drive the demand for Mine-resistant Ambush Protected Vehicles over the forecast period.
- Growing investments by governments in modernizing their armed forces is also anticipated to boost the market growth over the next few years.
- The increasing use of Mine-resistant Ambush Protected Vehicles in peacekeeping missions is also projected to fuel market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mine-resistant Ambush Protected Vehicles Market Research Report
By Type
MRAP-MRUV, MRAP-JERRV
By Application
Defence, Transportation
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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Mine-resistant Ambush Protected Vehicles Market Report Segments:
The global Mine-resistant Ambush Protected Vehicles market is segmented on the basis of:
Types
MRAP-MRUV, MRAP-JERRV
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
- 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 Mine-resistant Ambush Protected 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:
- MRAP-MRUV
- MRAP-JERRV
- 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 Mine-resistant Ambush Protected 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
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- Consumer Insights
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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?
Mine-resistant ambush protected vehicles (MRAPs) are armored vehicles designed to resist explosive devices.
Some of the key players operating in the mine-resistant ambush protected vehicles 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.
The mine-resistant ambush protected vehicles market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mine-resistant Ambush Protected 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. Mine-resistant Ambush Protected Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mine-resistant Ambush Protected Vehicles Market - Supply Chain
4.5. Global Mine-resistant Ambush Protected Vehicles Market Forecast
4.5.1. Mine-resistant Ambush Protected Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mine-resistant Ambush Protected Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mine-resistant Ambush Protected Vehicles Market Absolute $ Opportunity
5. Global Mine-resistant Ambush Protected 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. Mine-resistant Ambush Protected Vehicles Market Size and Volume Forecast by Type
5.3.1. MRAP-MRUV
5.3.2. MRAP-JERRV
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mine-resistant Ambush Protected 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. Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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. Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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. Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected Vehicles Demand Share Forecast, 2019-2026
9. North America Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected Vehicles Market Size and Volume Forecast by Type
9.7.1. MRAP-MRUV
9.7.2. MRAP-JERRV
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 Mine-resistant Ambush Protected Vehicles Demand Share Forecast, 2019-2026
10. Latin America Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected Vehicles Market Size and Volume Forecast by Type
10.7.1. MRAP-MRUV
10.7.2. MRAP-JERRV
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 Mine-resistant Ambush Protected Vehicles Demand Share Forecast, 2019-2026
11. Europe Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected Vehicles Market Size and Volume Forecast by Type
11.7.1. MRAP-MRUV
11.7.2. MRAP-JERRV
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 Mine-resistant Ambush Protected Vehicles Demand Share, 2019-2026
12. Asia Pacific Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected Vehicles Market Size and Volume Forecast by Type
12.7.1. MRAP-MRUV
12.7.2. MRAP-JERRV
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 Mine-resistant Ambush Protected Vehicles Demand Share, 2019-2026
13. Middle East & Africa Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected 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 Mine-resistant Ambush Protected Vehicles Market Size and Volume Forecast by Type
13.7.1. MRAP-MRUV
13.7.2. MRAP-JERRV
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 Mine-resistant Ambush Protected Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mine-resistant Ambush Protected Vehicles Market: Market Share Analysis
14.2. Mine-resistant Ambush Protected Vehicles Distributors and Customers
14.3. Mine-resistant Ambush Protected 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. 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
