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Tanks Global Market Report 2022, By Type, Application, Technology

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    Report

  • 175 Pages
  • February 2022
  • Region: Global
  • The Business Research Company
  • ID: 5550180
Tanks Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global tanks market as it emerges from the COVID-19 shut down.



Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the tanks ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Tank market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider tanks market, and compares it with other markets.

  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The tanks market section of the report gives context. It compares the tanks market with other segments of the tanks market by size and growth, historic and forecast.

Scope


Markets Covered:
1) By Type: Light; Medium; Heavy
2) By Application: Patrolling; Fighting
3) By Technology: Active Mine System; Active Protection System; Modular Ballistic Armor; Situational Awareness System; Inter Operable Communication; Vehicle information Integration; Electric Armor

Companies Mentioned: Oshkosh Defense, LLC; General Dynamics Corporation; BAE Systems Plc.; Textron Inc.; Navistar International Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


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Frequently Asked Questions about the Global Tanks Market

What is the estimated value of the Global Tanks Market?

The Global Tanks Market was estimated to be valued at $1.9 billion in 2022.

What is the growth rate of the Global Tanks Market?

The growth rate of the Global Tanks Market is 2.8%, with an estimated value of $2.12 billion by 2026.

What is the forecasted size of the Global Tanks Market?

The Global Tanks Market is estimated to be worth $2.12 billion by 2026.

Who are the key companies in the Global Tanks Market?

Key companies in the Global Tanks Market include Oshkosh Defense LLC, General Dynamics Corporation, BAE Systems Plc., Textron Inc., Navistar International Corporation, Norinco Private Limited, Rheinmetall AG, Ukroboronprom and Hyundai Rotem.

Table of Contents

1. Executive Summary2. Tanks Market Characteristics3. Tanks Market Trends And Strategies4. Impact Of COVID-19 On Tanks
5. Tanks Market Size And Growth
5.1. Global Tanks Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Tanks Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Tanks Market Segmentation
6.1. Global Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Light
  • Medium
  • Heavy
6.2. Global Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Patrolling
  • Fighting
6.3. Global Tanks Market, Segmentation By Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Active mine system
  • Active protection system
  • Modular ballistic Armor
  • Situational awareness system
  • Inter operable communication
  • Vehicle information integration
  • Electric armor

7. Tanks Market Regional And Country Analysis
7.1. Global Tanks Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Tanks Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Tanks Market
8.1. Asia-Pacific Tanks Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Tanks Market
9.1. China Tanks Market Overview
9.2. China Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Tanks Market
10.1. India Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Tanks Market
11.1. Japan Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Tanks Market
12.1. Australia Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Tanks Market
13.1. Indonesia Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Tanks Market
14.1. South Korea Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Tanks Market
15.1. Western Europe Tanks Market Overview
15.2. Western Europe Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Tanks Market
16.1. UK Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Tanks Market
17.1. Germany Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Tanks Market
18.4. France Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Tanks Market
19.1. Eastern Europe Tanks Market Overview
19.2. Eastern Europe Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Tanks Market
20.1. Russia Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Tanks Market
21.1. North America Tanks Market Overview
21.2. North America Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Tanks Market
22.1. USA Tanks Market Overview
22.2. USA Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Tanks Market
23.1. South America Tanks Market Overview
23.2. South America Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Tanks Market
24.1. Brazil Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Tanks Market
25.1. Middle East Tanks Market Overview
25.2. Middle East Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Tanks Market
26.1. Africa Tanks Market Overview
26.2. Africa Tanks Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Tanks Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Tanks Market Competitive Landscape And Company Profiles
27.1. Tanks Market Competitive Landscape
27.2. Tanks Market Company Profiles
27.2.1. Oshkosh Defense, LLC
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. General Dynamics Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. BAE Systems Plc.
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Textron Inc.
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Navistar International Corporation
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers And Acquisitions In The Tanks Market29. Tanks Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About The Publisher
30.5. Copyright And Disclaimer

Executive Summary

Major players in the tanks market are Oshkosh Defense LLC, General Dynamics Corporation, BAE Systems Plc., Textron Inc., Navistar International Corporation, Norinco Private Limited, Rheinmetall AG, Ukroboronprom, UralVagonZavod, Hyundai Rotem, Nexter Systems, Krauss-Maffei Wegmann GmbH And Co. KG, IVECO, Elbit Systems, INKAS Armored Vehicle Manufacturing and International Armored Group.

The global tanks market is expected to grow from $1.81 billion in 2021 to $1.90 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.12 billion in 2026 at a CAGR of 2.8%.

The tanks market consists of sales of military tanks by entities (organizations, sole traders, and partnerships) that produce military tanks. A tank is an armored fighting vehicle that is equipped with heavy firepower and strong armor designed for front-line combat. Only goods and services traded between entities or sold to end consumers are included.

The main types of tanks are light, medium, and heavy. The various technology deployed in tanks includes an active mine system, active protection system, modular ballistic armor, situational awareness system, interoperable communication, vehicle information integration, electric armor that are used for patrolling and fighting. The global tanks market is expected to grow from $1.81 billion in 2021 to $1.90 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2.12 billion in 2026 at a CAGR of 2.8%.

Asia Pacific was the largest region in the tanks market in 2021. Western Europe is expected to be the fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The increase in the defense budget for the military is expected to drive the growth of the tanks market. According to the Stockholm International Peace Research Institute (SIPRI) report, the total global military expenditure rose to $1,917 billion in 2019, a 3.6% increase from the previous year and the largest annual growth in spending since 2010. India has become the third-largest military spender in the world, after the US and China. According to InvestIndia, there has been an increase of 5.8% in defense allocation in India in the 2020-21 budget compared to the 2019-20 budget. Sweden has also decided to raise its defense budget for 2021 by 40%, which is the biggest defense spending in 70 years. According to the Centre for Strategic and International Studies report, China has increased its defense budget from $177.6 billion in 2019 to $179 billion in 2020. Reports from the Ministry of defense of Australia show that the government is going to invest $270 billion over the next 10 years and 2% of the GDP in 2020-21 for defense. Increased defense budgets are expected to drive the market for tanks during the forecast period.

The high cost of production for main battle tanks is expected to hinder the growth of the tanks market. Technological advancements have added new features in today’s military tanks, therefore the cost of production to manufacture a single unit of the tank has also increased. For instance, Russia’s T-14 Armata features upgraded armor, computerized systems, a 125mm smoothbore cannon system, and a range of over 500 kilometers and therefore with this additional feature, the tank cost around $4 million per unit. Moreover, to procure technologically advanced tanks, many developed and developing countries need to pay the huge sums of money. For instance, India has paid $1.2 billion for the technology transfer fee to Russia for T-90S tanks. Such a high cost of main battle tanks is expected to have a negative impact on the growth of tanks markets.

The defense is increasingly implementing robot tanks in the military for the purpose of high security which is likely to be a major trend in the tanks market. Robotic tanks are autonomous robots designed for military applications such as transport, search and rescue, and others. These tanks are equipped with guns a rocket arm, and a missile arm. In January 2020, the USA has given a contract to QinetiQ North America to build four robotic combat vehicle-light prototypes and another contract to Textron to build four robotic combat vehicle-medium prototypes. In July 2020, Russia prepared a robot tank Derivatsiya-PVO which is self-propelled artillery tasked with an anti-air mission. Russia revealed that it had combat-tested its Uran-9 robot tank in Syria which has a gun and missile armament. Such developments in military tanks emerging as a trend in the tanks market.

In January 2020, BAE Systems PLC, a British multinational defense, security, and aerospace company, acquired Collins Aerospace Military Global Positioning System (GPS) business from Raytheon Technologies Corporation for $1.93 billion. Collins Aerospace Military Global Positioning System is capable of tracking jet fighters to tanks and therefore the acquisition will bring innovative technology and an extensive installed base of products to the company. Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military, and government customers worldwide.

The countries covered in the tanks market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Oshkosh Defense LLC
  • General Dynamics Corporation
  • BAE Systems Plc.
  • Textron Inc.
  • Navistar International Corporation
  • Norinco Private Limited
  • Rheinmetall AG
  • Ukroboronprom
  • UralVagonZavod
  • Hyundai Rotem
  • Nexter Systems
  • Krauss-Maffei Wegmann GmbH And Co. KG
  • IVECO
  • Elbit Systems
  • INKAS Armored Vehicle Manufacturing
  • International Armored Group

Methodology

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