Military Land Vehicle Market Size, Share, Growth, Forecast 2030

Military Land Vehicle Market

Military Land Vehicle Market Type (Main Battle Tank, Infantry Battle Tank, Armored Personnel Carriers, Armored Combat Support Vehicles, Mine Protected Vehicles, Light Armored Vehicles, Light Utility Vehicles, Anti-Aircraft, Unmanned Vehicles, And Others.) and Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Automotive Report Format : PDF Pages: 110 Report Code: ZMR-308 Published Date: Oct-2020 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 26.8 Billion USD 38.28 Billion 5.2% 2020

According to the report published by Zion Market Research, global demand for the Military Land Vehicle market was valued at approximately USD 26.8 Billion in 2019 and is expected to generate revenue of around USD 38.28 Billion by end of 2026, growing at a CAGR of around 5.2% between 2020 and 2026.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global market space. The military land vehicle industry report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, PESTEL analysis, SWOT analysis, Porter’s five force analysis, and value chain analysis. Additionally, the military land vehicle market report explores the investor and stakeholder space to help companies make data-driven decisions.

Global Military Land Vehicle Market: Overview

Defense is an integral part of every nation. Protecting the country’s land and its people is one of the first and foremost responsibilities of every national government. Land security is one of the areas of defense strategy apart from navy and air security. A nation’s land has to be protected and defended to secure its boundaries and protect the people living on the land. Military land vehicles are of use in every defense planning. Protecting own land is as important as maintaining a strong economy in the country.

Global Military Land Vehicle Market: Growth Factors

Emerging nations with developing economies are showing more interest in the purchase of military land vehicles. These economies with growing populations need more advanced defense mechanisms with comparatively more numbers of land protection machines or equipment to protect civilians and secure the national border. In addition, the overall global security scenario is getting more complicated and hence increasing the pressure on nations to have more modern and accurate defense mechanisms than ever before. With every new invention in this industry, the growth of the global military vehicle market is growing.

Military Land Vehicle Market: Report Scope

Report Attributes Report Details
Report Name Military Land Vehicle Market Research Report
Market Size in 2019 USD 26.8 Billion
Market Forecast in 2026 USD 38.28 Billion
Growth Rate CAGR of 5.2%
Number of Pages 210
Key Companies Covered BAE Systems, Rheinmetall, General Dynamics, and Oshkosh Corporation
Segments Covered By Types and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2019 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

However, due to a few nations with weaker economic conditions, the defense expenditures of those countries are decreasing and hence badly affecting the overall global military land vehicles market. The new trend in developed countries to produce their own defense equipment is also restricting the import of vehicles from other countries, which in turn adversely impacts the global market

Global Military Land Vehicle Market: Segmentation

The world military land vehicle market is segmented on the basis of types and regions. On the basis of types, the global military land vehicles market is segmented as main battle tanks, infantry battle tanks, armored personnel carriers, armored combat support vehicles, mine protected vehicles, light armored vehicles, light utility vehicles, anti-aircraft, unmanned vehicles, and others. On the basis of regions, the global military land vehicles market is classified into the United States, Latin America, Africa, Asia Pacific, the Middle East, and Europe.

Global Military Land Vehicle Market: Competitive Players

Some of the key players dominating the global military land vehicles market include BAE Systems, Rheinmetall, General Dynamics, and Oshkosh Corporation. The global military land vehicles market is very dynamic as every nation and scientists around the globe are putting efforts to have more powerful and effective military vehicles with greater efficiency and minimal collateral damages.

Global Military Land Vehicle Market: Regional Analysis

Developed countries such as the United States and the United Kingdom are more engaged in world politics owing to their geopolitical interest; hence, they require more defense equipment and stronger mechanisms as compared to other countries. They are cutting the number of soldiers in the services and focusing more on the use of machines.

Global Military Land Vehicle Market SizeRequest Free Sample

Apart from these nations, few Asian and African countries are frequently facing security issues, leading to the increase in demand for security and defense equipment to protect their land. These scenarios are highlighting the growth of military land vehicles in the world.

Military Land Vehicle Market: Competitive Space

The global Military Land Vehicle market profiles key players such as:

  • BAE Systems
  • Rheinmetall
  • General Dynamics
  • Oshkosh Corporation

The global Military Land Vehicle market is segmented as follows:

By Types

  • Main battle tanks
  • Infantry battle tanks
  • Armored personnel carriers
  • Armored combat support vehicles
  • Mine protected vehicles
  • Light armored vehicles
  • Light utility vehicles
  • Anti-aircraft, unmanned vehicles
  • Others

Global Military Land Vehicle Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Emerging nations with developing economies are showing more interest in the purchase of military land vehicles. These economies are with growing population and need more advanced defense mechanism with comparatively more numbers of land protection machines or equipment to protect its civilians and secure the national border.

According to the report published by Zion Market Research, global demand for Military Land Vehicle market was valued at approximately USD 26.8 Billion in 2019, and is expected to generate revenue of around USD 38.28 Billion by end of 2026, growing at a CAGR of around 5.2% between 2020 and 2026.

Developed countries such as the United States and the United Kingdom are more engaged into world politics owing to their geopolitical interest; hence, they require more defense equipment and stronger mechanisms as compared to other countries. They are cutting the number of soldiers in the services and focusing more on the use of machines. Apart from these nations, few Asian and African countries are frequently facing security issues, leading to the increase in demand of the security and defense equipment to protect their land. These scenarios are highlighting the growth of military land vehicles in the world.

Some of the key players dominating the global military land vehicles market include BAE Systems, Rhenmetall, General Dynamics, and Oshkosh Corporation. The global military land vehicles market is very dynamic as every nation and scientists around the globe are putting efforts to have more powerful and effective military vehicles with greater efficiency and minimal collateral damages

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