Military Vehicles Market Developments by 2031
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.
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
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.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Military Vehicles Market - By Platform
1.3.2 Military Vehicles Market - By Mobility
1.3.3 Military Vehicles Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MILITARY VEHICLES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MILITARY VEHICLES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MILITARY VEHICLES MARKET - GLOBAL MARKET ANALYSIS
6.1. MILITARY VEHICLES - GLOBAL MARKET OVERVIEW
6.2. MILITARY VEHICLES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MILITARY VEHICLES MARKET - REVENUE AND FORECASTS TO 2028 - PLATFORM
7.1. OVERVIEW
7.2. PLATFORM MARKET FORECASTS AND ANALYSIS
7.3. COMBAT VEHICLES
7.3.1. Overview
7.3.2. Combat Vehicles Market Forecast and Analysis
7.4. COMBAT SUPPORT VEHICLES
7.4.1. Overview
7.4.2. Combat Support Vehicles Market Forecast and Analysis
7.5. UNMANNED GROUND VEHICLES
7.5.1. Overview
7.5.2. Unmanned Ground Vehicles Market Forecast and Analysis
8. MILITARY VEHICLES MARKET - REVENUE AND FORECASTS TO 2028 - MOBILITY
8.1. OVERVIEW
8.2. MOBILITY MARKET FORECASTS AND ANALYSIS
8.3. TRACKED
8.3.1. Overview
8.3.2. Tracked Market Forecast and Analysis
8.4. WHEELED
8.4.1. Overview
8.4.2. Wheeled Market Forecast and Analysis
9. MILITARY VEHICLES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Military Vehicles Market Overview
9.1.2 North America Military Vehicles Market Forecasts and Analysis
9.1.3 North America Military Vehicles Market Forecasts and Analysis - By Platform
9.1.4 North America Military Vehicles Market Forecasts and Analysis - By Mobility
9.1.5 North America Military Vehicles Market Forecasts and Analysis - By Countries
9.1.5.1 United States Military Vehicles Market
9.1.5.1.1 United States Military Vehicles Market by Platform
9.1.5.1.2 United States Military Vehicles Market by Mobility
9.1.5.2 Canada Military Vehicles Market
9.1.5.2.1 Canada Military Vehicles Market by Platform
9.1.5.2.2 Canada Military Vehicles Market by Mobility
9.1.5.3 Mexico Military Vehicles Market
9.1.5.3.1 Mexico Military Vehicles Market by Platform
9.1.5.3.2 Mexico Military Vehicles Market by Mobility
9.2. EUROPE
9.2.1 Europe Military Vehicles Market Overview
9.2.2 Europe Military Vehicles Market Forecasts and Analysis
9.2.3 Europe Military Vehicles Market Forecasts and Analysis - By Platform
9.2.4 Europe Military Vehicles Market Forecasts and Analysis - By Mobility
9.2.5 Europe Military Vehicles Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Military Vehicles Market
9.2.5.1.1 Germany Military Vehicles Market by Platform
9.2.5.1.2 Germany Military Vehicles Market by Mobility
9.2.5.2 France Military Vehicles Market
9.2.5.2.1 France Military Vehicles Market by Platform
9.2.5.2.2 France Military Vehicles Market by Mobility
9.2.5.3 Italy Military Vehicles Market
9.2.5.3.1 Italy Military Vehicles Market by Platform
9.2.5.3.2 Italy Military Vehicles Market by Mobility
9.2.5.4 United Kingdom Military Vehicles Market
9.2.5.4.1 United Kingdom Military Vehicles Market by Platform
9.2.5.4.2 United Kingdom Military Vehicles Market by Mobility
9.2.5.5 Russia Military Vehicles Market
9.2.5.5.1 Russia Military Vehicles Market by Platform
9.2.5.5.2 Russia Military Vehicles Market by Mobility
9.2.5.6 Rest of Europe Military Vehicles Market
9.2.5.6.1 Rest of Europe Military Vehicles Market by Platform
9.2.5.6.2 Rest of Europe Military Vehicles Market by Mobility
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Military Vehicles Market Overview
9.3.2 Asia-Pacific Military Vehicles Market Forecasts and Analysis
9.3.3 Asia-Pacific Military Vehicles Market Forecasts and Analysis - By Platform
9.3.4 Asia-Pacific Military Vehicles Market Forecasts and Analysis - By Mobility
9.3.5 Asia-Pacific Military Vehicles Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Military Vehicles Market
9.3.5.1.1 Australia Military Vehicles Market by Platform
9.3.5.1.2 Australia Military Vehicles Market by Mobility
9.3.5.2 China Military Vehicles Market
9.3.5.2.1 China Military Vehicles Market by Platform
9.3.5.2.2 China Military Vehicles Market by Mobility
9.3.5.3 India Military Vehicles Market
9.3.5.3.1 India Military Vehicles Market by Platform
9.3.5.3.2 India Military Vehicles Market by Mobility
9.3.5.4 Japan Military Vehicles Market
9.3.5.4.1 Japan Military Vehicles Market by Platform
9.3.5.4.2 Japan Military Vehicles Market by Mobility
9.3.5.5 South Korea Military Vehicles Market
9.3.5.5.1 South Korea Military Vehicles Market by Platform
9.3.5.5.2 South Korea Military Vehicles Market by Mobility
9.3.5.6 Rest of Asia-Pacific Military Vehicles Market
9.3.5.6.1 Rest of Asia-Pacific Military Vehicles Market by Platform
9.3.5.6.2 Rest of Asia-Pacific Military Vehicles Market by Mobility
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Military Vehicles Market Overview
9.4.2 Middle East and Africa Military Vehicles Market Forecasts and Analysis
9.4.3 Middle East and Africa Military Vehicles Market Forecasts and Analysis - By Platform
9.4.4 Middle East and Africa Military Vehicles Market Forecasts and Analysis - By Mobility
9.4.5 Middle East and Africa Military Vehicles Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Military Vehicles Market
9.4.5.1.1 South Africa Military Vehicles Market by Platform
9.4.5.1.2 South Africa Military Vehicles Market by Mobility
9.4.5.2 Saudi Arabia Military Vehicles Market
9.4.5.2.1 Saudi Arabia Military Vehicles Market by Platform
9.4.5.2.2 Saudi Arabia Military Vehicles Market by Mobility
9.4.5.3 U.A.E Military Vehicles Market
9.4.5.3.1 U.A.E Military Vehicles Market by Platform
9.4.5.3.2 U.A.E Military Vehicles Market by Mobility
9.4.5.4 Rest of Middle East and Africa Military Vehicles Market
9.4.5.4.1 Rest of Middle East and Africa Military Vehicles Market by Platform
9.4.5.4.2 Rest of Middle East and Africa Military Vehicles Market by Mobility
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Military Vehicles Market Overview
9.5.2 South and Central America Military Vehicles Market Forecasts and Analysis
9.5.3 South and Central America Military Vehicles Market Forecasts and Analysis - By Platform
9.5.4 South and Central America Military Vehicles Market Forecasts and Analysis - By Mobility
9.5.5 South and Central America Military Vehicles Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Military Vehicles Market
9.5.5.1.1 Brazil Military Vehicles Market by Platform
9.5.5.1.2 Brazil Military Vehicles Market by Mobility
9.5.5.2 Argentina Military Vehicles Market
9.5.5.2.1 Argentina Military Vehicles Market by Platform
9.5.5.2.2 Argentina Military Vehicles Market by Mobility
9.5.5.3 Rest of South and Central America Military Vehicles Market
9.5.5.3.1 Rest of South and Central America Military Vehicles Market by Platform
9.5.5.3.2 Rest of South and Central America Military Vehicles Market by Mobility
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MILITARY VEHICLES MARKET, KEY COMPANY PROFILES
11.1. TATA MOTORS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. KIA CORP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MITSUBISHI HEAVY INDUSTRIES, LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. RHEINMETALL AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. POLARIS INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EATON
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. THE ARMORED GROUP, LLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ARQUUS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HAULOTTE GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MAHINDRA EMIRATES VEHICLE ARMORING FZ LLC (MEVA)
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Tata Motors
2. Kia CORP
3. MITSUBISHI HEAVY INDUSTRIES, LTD.
4. Rheinmetall AG
5. Polaris Inc
6. Eaton
7. The Armored Group, LLC
8. ARQUUS
9. HAULOTTE GROUP
10. Mahindra Emirates Vehicle Armoring Fz LLC (MEVA)
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For