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Armored Vehicles Market by Application Drive Type and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989509
  • Report
  • November 2019
  • Region: Global
  • 258 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • BAE Systems
  • Lenco Industries Inc.
  • Oshkosh Defense LLC
  • others.
  • Rheinmetall AG
  • STREIT Group
  • MORE
Armored vehicles are used for transportation of valuables such as huge amount of money by banks or retail companies or is used by defense forces for transportation of troops and combat on battlefield. Armored vehicle is extremely useful for protection services. In addition, the armored vehicles are enhancing with bulletproof glass, and armored plates for security purposes. These vehicles can protect the passengers and drivers in any high-risk situation and are the best solution for navigation in some of the most dangerous places on the Earth.

Armored vehicle is anticipated to witness significant growth over the years, owing to rise in demand for armored vehicles due to militarization of law enforcement agencies and increasing demand for bulletproof vehicles.

The global armored vehicle market is segmented based on application, drive type, vehicle type, and region. Based on application, the market is divided into defense and commercial. Based on drive type, it is bifurcated into wheel and track. Based on vehicle type, the market is categorized as armored personnel carrier, infantry fighting vehicle, main battle tanks, tactical truck, bus, limousine, sedan, and others. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the armored vehicle market include Oshkosh Defense, LLC, BAE Systems, Rheinmetall AG, General Dynamics Corporation, International Armored Group, Krauss-Maffei Wegmann GmbH & Co. (KMW), Lenco Industries, Inc., Lockheed Martin Corporation, STREIT Group, INKAS Armored Vehicle Manufacturing, and others.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the global armored vehicle market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2018 to 2025 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS

By Application
  • Defense
  • commercial
By Drive type
  • Wheel
  • Track
By Vehicle Type
  • Armored Personnel Carrier
  • Infantry Fighting Vehicle
  • Main Battle Tanks
  • Tactical Truck
  • Bus
  • Limousine
  • Sedan
  • Other
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Russia
  • UK
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BAE Systems
  • Lenco Industries Inc.
  • Oshkosh Defense LLC
  • others.
  • Rheinmetall AG
  • STREIT Group
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. CXO Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’s Five Forces Analysis
3.4. Market Share Analysis (2018)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Rise In Demand For Armored Vehicles Owing To Militarization Of Law Enforcement Agencies
3.5.1.2. Increase In Demand For Bulletproof Vehicles
3.5.2. Restraint
3.5.2.1. Decrease In National Defense Budgets
3.5.3. Opportunities
3.5.3.1. Adoption Of Unmanned Combat Vehicle
3.5.3.2. Production Of Modular Armored Vehicles

Chapter 4: Armored Vehicle Market, By Application
4.1. Overview
4.2. Defense
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Commercial
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country

Chapter 5: Armored Vehicle Market, By Drive Type
5.1. Overview
5.2. Wheel
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Track
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country

Chapter 6: Armored Vehicle Market, By Vehicle Type
6.1. Overview
6.2. Armored Personnel Carrier
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis By Country
6.3. Infantry Fighting Vehicle
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis By Country
6.4. Main Battle Tanks
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis By Country
6.5. Tactical Truck
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis By Country
6.6. Bus
6.6.1. Key Market Trends, Growth Factors, And Opportunities
6.6.2. Market Size And Forecast, By Region
6.6.3. Market Analysis By Country
6.7. Limousine
6.7.1. Key Market Trends, Growth Factors, And Opportunities
6.7.2. Market Size And Forecast, By Region
6.7.3. Market Analysis By Country
6.8. Sedan
6.8.1. Key Market Trends, Growth Factors, And Opportunities
6.8.2. Market Size And Forecast, By Region
6.8.3. Market Analysis By Country
6.9. Others
6.9.1. Key Market Trends, Growth Factors, And Opportunities
6.9.2. Market Size And Forecast, By Region
6.9.3. Market Analysis By Country

Chapter 7: Armored Vehicle Market, By Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Application
7.2.3. Market Size And Forecast, By Drive Type
7.2.4. Market Size And Forecast, By Vehicle Type
7.2.5. Market Analysis By Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size And Forecast, By Application
7.2.5.1.2. Market Size And Forecast, By Drive Type
7.2.5.1.3. Market Size And Forecast, By Vehicle Type
7.2.5.2. Canada
7.2.5.2.1. Market Size And Forecast, By Application
7.2.5.2.2. Market Size And Forecast, By Drive Type
7.2.5.2.3. Market Size And Forecast, By Vehicle Type
7.2.5.3. Mexico
7.2.5.3.1. Market Size And Forecast, By Application
7.2.5.3.2. Market Size And Forecast, By Drive Type
7.2.5.3.3. Market Size And Forecast, By Vehicle Type
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Application
7.3.3. Market Size And Forecast, By Drive Type
7.3.4. Market Size And Forecast, By Vehicle Type
7.3.5. Market Analysis By Country
7.3.5.1. UK
7.3.5.1.1. Market Size And Forecast, By Application
7.3.5.1.2. Market Size And Forecast, By Drive Type
7.3.5.1.3. Market Size And Forecast, By Vehicle Type
7.3.5.2. Germany
7.3.5.2.1. Market Size And Forecast, By Application
7.3.5.2.2. Market Size And Forecast, By Drive Type
7.3.5.2.3. Market Size And Forecast, By Vehicle Type
7.3.5.3. Russia
7.3.5.3.1. Market Size And Forecast, By Application
7.3.5.3.2. Market Size And Forecast, By Drive Type
7.3.5.3.3. Market Size And Forecast, By Vehicle Type
7.3.5.4. France
7.3.5.4.1. Market Size And Forecast, By Application
7.3.5.4.2. Market Size And Forecast, By Drive Type
7.3.5.4.3. Market Size And Forecast, By Vehicle Type
7.3.5.5. Rest Of Europe
7.3.5.5.1. Market Size And Forecast, By Application
7.3.5.5.2. Market Size And Forecast, By Drive Type
7.3.5.5.3. Market Size And Forecast, By Vehicle Type
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Application
7.4.3. Market Size And Forecast, By Drive Type
7.4.4. Market Size And Forecast, By Vehicle Type
7.4.5. Market Analysis By Country
7.4.5.1. China
7.4.5.1.1. Market Size And Forecast, By Application
7.4.5.1.2. Market Size And Forecast, By Drive Type
7.4.5.1.3. Market Size And Forecast, By Vehicle Type
7.4.5.2. Japan
7.4.5.2.1. Market Size And Forecast, By Application
7.4.5.2.2. Market Size And Forecast, By Drive Type
7.4.5.2.3. Market Size And Forecast, By Vehicle Type
7.4.5.3. India
7.4.5.3.1. Market Size And Forecast, By Application
7.4.5.3.2. Market Size And Forecast, By Drive Type
7.4.5.3.3. Market Size And Forecast, By Vehicle Type
7.4.5.4. South Korea
7.4.5.4.1. Market Size And Forecast, By Application
7.4.5.4.2. Market Size And Forecast, By Drive Type
7.4.5.4.3. Market Size And Forecast, By Vehicle Type
7.4.5.5. Rest Of Asia-Pacific
7.4.5.5.1. Market Size And Forecast, By Application
7.4.5.5.2. Market Size And Forecast, By Drive Type
7.4.5.5.3. Market Size And Forecast, By Vehicle Type
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast, By Application
7.5.3. Market Size And Forecast, By Drive Type
7.5.4. Market Size And Forecast, By Vehicle Type
7.5.5. Market Analysis By Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size And Forecast, By Application
7.5.5.1.2. Market Size And Forecast, By Drive Type
7.5.5.1.3. Market Size And Forecast, By Vehicle Type
7.5.5.2. Middle East
7.5.5.2.1. Market Size And Forecast, By Application
7.5.5.2.2. Market Size And Forecast, By Drive Type
7.5.5.2.3. Market Size And Forecast, By Vehicle Type
7.5.5.3. Africa
7.5.5.3.1. Market Size And Forecast, By Application
7.5.5.3.2. Market Size And Forecast, By Drive Type
7.5.5.3.3. Market Size And Forecast, By Vehicle Type

Chapter 8: Company Profiles
8.1. Bae Systems.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.1.6. Key Strategic Moves And Developments
8.2. General Dynamics Corporation
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves And Developments
8.3. Inkas Armored Vehicle Manufacturing
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Product Portfolio
8.3.4. Key Strategic Moves And Developments
8.4. International Armored Group
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Product Portfolio
8.5. Krauss-Maffei Wegmann Gmbh & Co.
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Product Portfolio
8.5.4. Key Strategic Moves And Developments
8.6. Lenco Armored Vehicles
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Product Portfolio
8.6.4. Key Strategic Moves And Developments
8.7. Lockheed Martin Corporation.
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.8. Oshkosh Corporation, Inc.
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.8.5. Business Performance
8.9. Rheinmetall Ag
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.9.6. Key Strategic Moves And Developments
8.10. Streit Group
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Product Portfolio
8.10.4. Key Strategic Moves And Developments

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BAE Systems
  • Lenco Industries Inc.
  • Oshkosh Defense LLC
  • others.
  • Rheinmetall AG
  • STREIT Group
  • MORE
According to the report titled, 'Armored Vehicles Market by Application, Drive Type, and Vehicle Type: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global Armored Vehicles Market size was valued at $15.96 billion in 2018, and is projected to reach $21.97 billion by 2026, registering a CAGR of 4.2% from 2019 to 2026.

Europe dominates the market, followed by North America, LAMEA, and Asia-Pacific. Germany dominated the Europe armored vehicles market share in 2018 and is anticipated to maintain its lead during the market forecast.

Rising demand for armored vehicles owing to militarization of law enforcement agencies and increasing demand for bulletproof vehicles are the factors that are significantly impacting the growth of the global market. However, according to Armored Vehicles Market analysis, decreasing national defense budgets is restraining the growth of the market. In addition, adoption of unmanned combat vehicle and production of modular armored vehicles possess remarkable growth opportunities for the global market players.

The defense forces in this country are incorporating adoption of artificial intelligence in its armored vehicles for smooth and efficient operations in high risk situation. For instance, the U.S. army is using multiple targeting sensors in armored vehicles to destroy long-range targets by using forward positioned armed robots to penetrate enemy defense and receive a weather-specific terrain map using nearby drones. In addition, the governments of various countries are investing and buying armored vehicles from the leading players operating in the market for defense forces, which in turn is expected to propel the Armored Vehicles Market growth. For instance, the Canadian Government has announced its plans to buy 360 combat support light armored vehicles (LAV) from a leading manufacturer of armored vehicles, General Dynamics Land Systems-Canada (GDLS-C).

The armored vehicles that move on wheels and are used for transportation or combat on the battlefield are considered under the wheel segment. Many countries are working with a focus on development of armored vehicle to serve in numerous applications such as reconnaissance, infantry transport, fire support, medical evacuation, and others, which in turn is propelling the growth of armored vehicles market. In addition, wheeled vehicles have an advantage over tracked vehicles with an improved performance, low maintenance cost, and better fuel economy. In addition, the track armored vehicles work on a system of vehicle propulsion in which a continuous band of track plates or threads is driven by two or more wheels. Further, increasing demand for such military vehicles will boost the Armored Vehicles Market size.

Leading vehicle manufacturers in armored vehicle industry are working with a focus on development of modular and scalable armored vehicles. For instance, BAE Systems, a leading producer of armored vehicles has developed modular armored tactical system that has a family of demountable interchangeable mission modules and electric transmission systems. The electric transmission systems provide advantages such as fuel efficiency, volume efficiency, increased stealth characteristics, and others. In addition, the modular and scalable design allows armored vehicles to be configured for different roles depending on different roles and mission. Thus, development and production of, modular armored vehicles hold a remarkable growth opportunity for the players operating in the global armored vehicles market.

Key Finding of The Armored Vehicles Market:
Based on application, the commercial segment is anticipated to grow at a lucrative growth rate.
Based on drive type, the wheel segment was the highest revenue contributor in 2018.
Based on region, Europe is anticipated to exhibit the highest CAGR during the forecast period of armored vehicle industry.
Based on region, Europe contributed the highest market revenue in 2018, and is anticipated to maintain its lead during the armored vehicles market forecast period.

The key players analyzed in this report are Oshkosh Defense, LLC, BAE Systems, Rheinmetall AG, General Dynamics Corporation, International Armored Group, Krauss-Maffei Wegmann GmbH & Co. (KMW), Lenco Industries, Inc., Lockheed Martin Corporation, STREIT Group, INKAS Armored Vehicle Manufacturing, and others.
Note: Product cover images may vary from those shown
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  • Oshkosh Defense LLC
  • BAE Systems
  • Rheinmetall AG
  • General Dynamics Corporation
  • International Armored Group
  • Krauss-Maffei Wegmann GmbH & Co. (KMW)
  • Lenco Industries Inc.
  • Lockheed Martin Corporation
  • STREIT Group
  • INKAS Armored Vehicle Manufacturing
  • others.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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