Market Overview:
The global tactical vehicles market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tactical vehicles from defense and homeland security applications. Additionally, the growing demand for lightweight and armored vehicles is also contributing to the growth of this market. The light tactical vehicle segment is expected to grow at a CAGR of 6% from 2018 to 2030, while the medium and heavy tactical vehicle segments are projected to grow at a CAGR of 4% and 2%, respectively, during the same period. The defense application segment is expected to account for majority share of the global Tactical Vehicles Market in terms of revenue by 2030 end.
Product Definition:
Tactical Vehicles are used by the military and law enforcement agencies for various purposes. These vehicles are specifically designed to meet the needs of the users, who require them to carry out their operations effectively. Some of the common purposes for which Tactical Vehicles are used include transporting troops, providing firepower, carrying out reconnaissance missions, and providing security.
Light Tactical Vehicles:
Light tactical vehicles (LV) are a class of light military vehicle that is designed to carry at least five combat-equipped soldiers. The primary mission of an LV is to transport troops and cargo in battlefields, although some variants are also used as pickup trucks or ambulance carriers.
The global light tactical vehicles market size was valued at USD 1.88 billion in 2018.
Medium Tactical Vehicles:
The global medium tactical vehicles and it’s usage in the tactical vehicles market is expected to grow at a significant pace over the forecast period. The demand for medium-sized trucks has been increasing across all areas of military operations, from patrolling to logistics. The growing emphasis on counter-terrorism and asymmetric warfare by various countries across the globe has led to an increase in defense spending, which is driving up the sales of these trucks significantly.
Application Insights:
The defense application segment led the global tactical vehicles market in 2017. This is attributed to growing concerns over national security and military preparedness. Furthermore, governments are increasingly deploying these vehicles for patrolling and other law enforcement activities due to rising crime rates. The homeland security application segment is expected to witness significant growth over the forecast period owing to increasing investments by various countries in order to improve emergency response capabilities. These vehicles provide effective mobility solutions for handling emergencies such as natural disasters, civil unrest or terrorist attacks across all terrains including urban areas and mountainous regions. Other applications include transportation of troops, supplies & equipment, medical aid & evacuation operations among others which further boosts their demand globally on a constant basis.
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 owing to increasing defense budget and homeland security expenditure by the U.S. government, which is anticipated to drive demand for armored vehicles across this region.
Growth Factors:
- Increasing demand for tactical vehicles from defense sector across the globe
- Rising terrorist threats and increasing military expenditure by governments worldwide
- Proliferation of asymmetric warfare and need for advanced capabilities in tactical vehicles
- Growing trend of urbanization and increase in demand for armored vehicles for civilian use
- Technological advancements in the field of armored vehicle manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Tactical Vehicles Market Research Report
By Type
Light Tactical Vehicles, Medium Tactical Vehicles, Heavy Tactical Vehicles
By Application
Defense, Homeland Security, Others
By Companies
Oshkosh Defense, Lockheed Martin, STREIT Group, BAE Systems, General Dynamics, Rheinmetall Defence, Textron, Lenco Armored Vehicles, AM General, Navistar Defense, Otokar Otomotiv, International Armored Group, Renault Trucks Defense, China North Industries
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Tactical Vehicles Market Report Segments:
The global Tactical Vehicles market is segmented on the basis of:
Types
Light Tactical Vehicles, Medium Tactical Vehicles, Heavy Tactical 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
Defense, Homeland Security, Others
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:
- Oshkosh Defense
- Lockheed Martin
- STREIT Group
- BAE Systems
- General Dynamics
- Rheinmetall Defence
- Textron
- Lenco Armored Vehicles
- AM General
- Navistar Defense
- Otokar Otomotiv
- International Armored Group
- Renault Trucks Defense
- China North Industries
Highlights of The Tactical 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:
- Light Tactical Vehicles
- Medium Tactical Vehicles
- Heavy Tactical Vehicles
- By Application:
- Defense
- Homeland Security
- Others
- 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 Tactical 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.
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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?
Tactical Vehicles are vehicles that have been specifically designed for military or law enforcement use. They can include everything from armored personnel carriers to motorcycles.
Some of the major players in the tactical vehicles market are Oshkosh Defense, Lockheed Martin, STREIT Group, BAE Systems, General Dynamics, Rheinmetall Defence, Textron, Lenco Armored Vehicles, AM General, Navistar Defense, Otokar Otomotiv, International Armored Group, Renault Trucks Defense, China North Industries.
The tactical vehicles market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tactical 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. Tactical Vehicles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tactical Vehicles Market - Supply Chain
4.5. Global Tactical Vehicles Market Forecast
4.5.1. Tactical Vehicles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tactical Vehicles Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tactical Vehicles Market Absolute $ Opportunity
5. Global Tactical 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. Tactical Vehicles Market Size and Volume Forecast by Type
5.3.1. Light Tactical Vehicles
5.3.2. Medium Tactical Vehicles
5.3.3. Heavy Tactical Vehicles
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tactical 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. Tactical Vehicles Market Size and Volume Forecast by Application
6.3.1. Defense
6.3.2. Homeland Security
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tactical 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. Tactical 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 Tactical 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. Tactical 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 Tactical Vehicles Demand Share Forecast, 2019-2026
9. North America Tactical 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 Tactical 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 Tactical Vehicles Market Size and Volume Forecast by Application
9.4.1. Defense
9.4.2. Homeland Security
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tactical Vehicles Market Size and Volume Forecast by Type
9.7.1. Light Tactical Vehicles
9.7.2. Medium Tactical Vehicles
9.7.3. Heavy Tactical 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 Tactical Vehicles Demand Share Forecast, 2019-2026
10. Latin America Tactical 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 Tactical 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 Tactical Vehicles Market Size and Volume Forecast by Application
10.4.1. Defense
10.4.2. Homeland Security
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tactical Vehicles Market Size and Volume Forecast by Type
10.7.1. Light Tactical Vehicles
10.7.2. Medium Tactical Vehicles
10.7.3. Heavy Tactical 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 Tactical Vehicles Demand Share Forecast, 2019-2026
11. Europe Tactical 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 Tactical 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 Tactical Vehicles Market Size and Volume Forecast by Application
11.4.1. Defense
11.4.2. Homeland Security
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tactical Vehicles Market Size and Volume Forecast by Type
11.7.1. Light Tactical Vehicles
11.7.2. Medium Tactical Vehicles
11.7.3. Heavy Tactical Vehicles
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Atractiveness/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 Tactical Vehicles Demand Share, 2019-2026
12. Asia Pacific Tactical 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 Tactical 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 Tactical Vehicles Market Size and Volume Forecast by Application
12.4.1. Defense
12.4.2. Homeland Security
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tactical Vehicles Market Size and Volume Forecast by Type
12.7.1. Light Tactical Vehicles
12.7.2. Medium Tactical Vehicles
12.7.3. Heavy Tactical 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 Tactical Vehicles Demand Share, 2019-2026
13. Middle East & Africa Tactical 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 Tactical 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 Tactical Vehicles Market Size and Volume Forecast by Application
13.4.1. Defense
13.4.2. Homeland Security
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tactical Vehicles Market Size and Volume Forecast by Type
13.7.1. Light Tactical Vehicles
13.7.2. Medium Tactical Vehicles
13.7.3. Heavy Tactical 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 Tactical Vehicles Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tactical Vehicles Market: Market Share Analysis
14.2. Tactical Vehicles Distributors and Customers
14.3. Tactical Vehicles Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Oshkosh Defense
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lockheed Martin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. STREIT Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BAE 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. General Dynamics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rheinmetall Defence
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Textron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lenco Armored Vehicles
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AM General
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Navistar Defense
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Otokar Otomotiv
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. International Armored Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Renault Trucks 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. China North Industries
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