Military Vehicles Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Land military is one of the basic forms of border defense of a country. Military vehicles have been growing at a rapid pace due to increasing purchases by the emerging economies with large population who need increased land-protection. However, the military vehicles market is expected to grow at a sluggish rate in the short term due to austerity in several major markets. The asymmetric warfare and increasing operation pressures are compelling the governments to focus on new breed of military vehicles with focus on mobility and transportation, propulsion, transportability, interoperability with other elements, logistics footprint and lifetime cost.

MARKET SCOPE

The "Global Military Vehicles Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the military vehicles market with detailed market segmentation by platform, mobility and geography. The report provides key statistics on the market status of the leading military vehicles market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on platform, the global military vehicles market is segmented into combat vehicles, combat support vehicles, unmanned ground vehicles
  
•   On the basis of mobility, the market is segmented tracked, wheeled
  

MARKET DYNAMICS
Drivers

•   Increasing demand for military vehicles due to rise in the instances of cross-border conflicts.
  
•   Rising incidences of asymmetric warfare across the globe
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The military vehicles market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porter's five forces analysis highlighting factors affecting the military vehicles market in these regions.

IMPACT OF COVID-19 ON MILITARY VEHICLES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Military Vehicles Market Report Analysis

Military Vehicles Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Tata Motors
• Kia CORP
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Rheinmetall AG
• Polaris Inc
• Eaton
• The Armored Group, LLC
• ARQUUS
• HAULOTTE GROUP

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Platform

• Combat Vehicles
• Combat Support Vehicles
• Unmanned Ground Vehicles

By Mobility

• Tracked
• Wheeled

MARKET PLAYERS

The report covers key developments in the military vehicles market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from military vehicles market are anticipated to lucrative growth opportunities in the future with the rising demand for military vehicles in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the military vehicles market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Tata Motors
  
•   Kia CORP
  
•   MITSUBISHI HEAVY INDUSTRIES, LTD.
  
•   Rheinmetall AG
  
•   Polaris Inc
  
•   Eaton
  
•   The Armored Group, LLC
  
•   ARQUUS
  
•   HAULOTTE GROUP
  
•   Mahindra Emirates Vehicle Armoring Fz LLC (MEVA)
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Military Vehicles Market Report Scope