The Global Armored Vehicles Market 2019-2029

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The Global Armored Vehicles Market 2019-2029


“The Global Armored Vehicles Market 2019-2029”, report offers a detailed analysis of the industry, with market size forecasts covering the next ten years. This report will also analyze factors that influence demand for armored vehicle, key market trends, and challenges faced by industry participants.

The demand for armored vehicles is expected to be primarily driven by cross border disputes and modernization/replacement initiatives undertaken by various large defense spenders across the world. Usage of armored vehicles to curb terrorist activists and eradicate insurgent groups is also expected to drive the demand for armored vehicles over the next decade.

Along with the major defense spenders in every region, smaller countries are also undertaking modernization initiatives for the development of improved armored vehicles. The global armored vehicle market includes nine segments on the basis of platform type, including MBT, IFV, APC, HACV, LUV, Tactical Truck, Armored Engineering Vehicle, Armored Support Vehicle, and LMV.

In particular, the report provides an in-depth analysis of the following –
– Market size and drivers: detailed analysis during 2019-2029, including highlights of the demand drivers and growth stimulators. It also provides a snapshot of the spending and modernization patterns of different regions around the world
– Recent developments and industry challenges: insights into technological developments and a detailed analysis of the changing preferences of armored vehicle segments around the world. It also provides trends of the changing industry structure and the challenges faced by industry participants
– Regional highlights: study of the key markets in each region, providing an analysis of the key segments of the market that are expected to be in demand
– Major programs: details of the key programs in each segment, which are expected to be executed during 2019-2029
– Competitive landscape and strategic insights: analysis of the competitive landscape of the global market. It provides an overview of key players, together with information regarding key alliances, strategic initiatives, and financial analysis.


– The global armored vehicle market is expected to grow at a CAGR of 2.76% over the forecast period.
– The market consists of nine categories: MBT, IFV, APC, HACV, LUV, Tactical Truck, Armored Engineering Vehicle, Armored Support Vehicle, and LMV.
– Europe will dominate the sector with a share of 31.7%, followed by Asia-Pacific and North America, with shares of 26.2% and 19%, respectively. The IFV segment is expected to be the leading segment with a share of 25.3%.

Reasons to buy

– Determine prospective investment areas based on a detailed trend analysis of the global armored vehicle market over the next ten years
– Gain in-depth understanding about the underlying factors driving demand for different armored vehicle segments in the top spending countries across the world and identify the opportunities offered by each of them
– Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others
– Identify the major channels that are driving the global armored vehicle market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
– Channelize resources by focusing on the ongoing programs that are being undertaken by the defense ministries of different countries within the global armored vehicle market
– Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top armored vehicle providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.

Companies Mentioned:
Oshkosh Defense
BAE Systems
General Dynamics
Rheinmetall AG
Krauss-Maffei Wegmann (KMW)
Hyundai Rotem
Iveco S.p.A.
Nexter Systems
China North Industries Corporation (NORINCO)

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Ritesh Tiwari is the Founder of Research By Markets, a leading Market Research Reports Reseller trusted by Fortune listed companies for their requirements of Syndicated and Custom Market Research Reports. Ritesh has an overall experience of 18+ years in Recruitments, Sales and Operations. He has been associated with the Market Research industry for the past 7 years. He is an avid foodie as well as a huge football fan being a supporter of Manchester United (EPL) and FC Barcelona (La Liga). Get in touch with him via *Market Research News is a part of Research By Markets.