Military Truck Market Scope And Analysis

Report Code : TIPRE00007100
Category : Aerospace and Defense

No. of Pages : 150

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Military Truck Market Analysis, Scope, and Growth by 2031

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Military Truck Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 19,138.83 Million
Market Size by 2031	US$ 25,008.05 Million
Global CAGR (2023 - 2031)	3.4%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Application Cargo/Logistics Carrier Troop Carrier By Truck Type Light Truck Medium Truck Heavy Truck By Propulsion Type Electric/Hybrid Diesel By Transmission Type Automatic Transmission Manual Transmission
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Volvo Defense AB Tata Motors Ltd Rheinmetall AG Oshkosh Corporation General Dynamics European Land Systems SLU Iveco Group NV HYUNDAI ROTEM COMPANY Arquus Defense Navistar Defense LLC TATRA TRUCKS AS

Military Truck Market News and Recent Developments

The military truck market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:

In February 2023, Tatra Trucks, the Czech-based truckmaker, exceeded its expected sales for 2022, with 1,326 vehicles produced and sold. It achieved sales of CZK7.12bn ($325.6m), up 10% on what was planned. Most of the production went to the domestic market, with less than half made for civilian sectors such as construction, mining and agriculture, as well as for fire and rescue customers. Tatra also produced vehicles for the defence sector, which slightly prevailed due to international security concerns and the needs of the Czech army. Tatra is planning a further increase in production for 2023. (Source: Tatra Trucks, Press Release)
In November 2022, Oshkosh Corporation announced the acquisition of Hinowa S.p.A. This privately held international company produces track-based aerial work platforms, mini dumpers, lift trucks, and undercarriages. Hinowa is known for its advanced track designs and electrification expertise, making it an ideal addition to Oshkosh's Access Equipment segment. The acquisition is expected to accelerate Oshkosh's electrification capabilities and provide growth opportunities in core and adjacent markets. (Source: Oshkosh Corporation, Press Release)

Military Truck Market Report Coverage and Deliverables

The “Military Truck Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

Military truck market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
Market dynamics such as drivers, restraints, and key opportunities
Military truck market trends
Detailed PEST/Porter’s Five Forces and SWOT analysis
Military truck market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
Military truck market landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments.
Detailed company profiles