+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Armored Fighting Vehicles Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4534301
  • Report
  • April 2020
  • Region: Global
  • 112 pages
  • Mordor Intelligence
UP TO OFF
until Jun 30th 2020
1 of 4

Enquire about COVID-19 updates for this product.

Enquire Now

FEATURED COMPANIES

  • BAE Systems plc
  • BMC
  • Elbit Systems Ltd
  • FNSS Savunma Sistemleri
  • IVECO
  • Nexter group KNDS
  • MORE
The armored vehicles market is anticipated to register a CAGR of over 3% during the forecast period, owing to demand from the armed forces, law enforcement agencies (police), and potential private owners.

The increasing political tension, terrorism, and hostile activities that are happening around the world are some of the major reasons generating the demand for the armored vehicles market.

Increasing defense spending to fight the aforementioned factors is likely to support the growth of the armored vehicles market.

Key Market Trends

Main Battle Tank Segment is Projected to Lead the Armored Vehicles Market from 2020 - 2025

Currently, the main battle tank (MBT) segment dominates the market and is expected to continue its domination during the forecast period. This is propelled by the increasing procurements of tanks by various countries, like Hungary, Russia, Thailand, France, and Germany, among others. For instance, in August 2018, the Russian Ministry of Defense signed a contract with Uralvagonzavod (UVZ) for the production of 132 third-generation T-14 Armata main battle tanks (MBT) and T-15 heavy infantry fighting vehicles (IFV). The Russian Ground Forces are expected to receive a total of 100 T-14 MBTs by 2020.

Armored Fighting Vehicles Market in Asia-Pacific Region to Register Highest CAGR During the Forecast Period

The Asia-Pacific region currently dominates the market and is expected to register the highest CAGR during the forecast period. The increasing political tensions between Pakistan, India, China, and Japan, and increasing terrorist activities are forcing these countries to increase and modernize their ground forces. These factors are expected to drive the procurement of armored vehicles, thereby, helping the growth of the Asia-Pacific armored vehicles market.

Competitive Landscape

The major players in the market are BAE Systems plc, Oshkosh Corp., Rheinmetall AG, General Dynamics Corporation, and Textron Inc. The major players are facing a slowdown in revenue, due to decreasing orders for procuring armored vehicles. However, local manufacturing companies of all developing countries are filled with orders and backlogs worth at least five years of production. The increasing presence of local firms is shifting the market dynamics from a concentrated market to a fragmented market.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • BAE Systems plc
  • BMC
  • Elbit Systems Ltd
  • FNSS Savunma Sistemleri
  • IVECO
  • Nexter group KNDS
  • MORE
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 KEY ARMORED VEHICLES PROGRAM

6 MARKET SEGMENTATION
6.1 Type
6.1.1 Armored Personnel Carrier (APC)
6.1.2 Infantry Fighting Vehicle (IFV)
6.1.3 Mine-resistant Ambush Protected (MRAP)
6.1.4 Main Battle Tank (MBT)
6.1.5 Other Types
6.2 Geography
6.2.1 North America
6.2.1.1 United States
6.2.1.2 Canada
6.2.2 Europe
6.2.2.1 United Kingdom
6.2.2.2 France
6.2.2.3 Germany
6.2.2.4 Rest of Europe
6.2.3 Asia-Pacific
6.2.3.1 China
6.2.3.2 India
6.2.3.3 Japan
6.2.3.4 Rest of Asia-Pacific
6.2.4 Latin America
6.2.4.1 Mexico
6.2.4.2 Brazil
6.2.4.3 Rest of Latin America
6.2.5 Middle-East and Africa
6.2.5.1 United Arab Emirates
6.2.5.2 Nigeria
6.2.5.3 Saudi Arabia
6.2.5.4 Rest of Middle-East and Africa

7 COMPETITIVE LANDSCAPE
7.1 Vendor Market Share
7.2 Company Profiles
7.2.1 General Dynamics Corporation
7.2.2 Rheinmetall AG
7.2.3 BAE Systems plc
7.2.4 Textron Inc.
7.2.5 Elbit Systems Ltd
7.2.6 Krauss-Maffei Wegmann GmbH & Co. KG
7.2.7 Nexter group KNDS
7.2.8 Oshkosh Corp.
7.2.9 FNSS Savunma Sistemleri
7.2.10 IVECO
7.2.11 BMC
7.2.12 STREIT Group

8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • General Dynamics Corporation
  • Rheinmetall AG
  • BAE Systems plc
  • Textron Inc.
  • Elbit Systems Ltd
  • Krauss-Maffei Wegmann GmbH & Co. KG
  • Nexter group KNDS
  • Oshkosh Corp.
  • FNSS Savunma Sistemleri
  • IVECO
  • BMC
  • STREIT Group
Note: Product cover images may vary from those shown
Adroll
adroll