Military Truck Market Size, Share, and Forecast by 2031
Military Truck Market: Strategic Insights
Military Truck Market
-
CAGR (2023 - 2031)3.4% -
Market Size 2023
US$ 19,138.83 Million -
Market Size 2031
US$ 25,008.05 Million
Market Dynamics
GROWTH DRIVERS
- Efforts by Companies to Provide High-Mobility and Multipurpose Solutions for Transportation
FUTURE TRENDS
- Electrification of Military Vehicles
OPPORTUNITIES
- Upsurge in Defense Budget
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Application
- Cargo/Logistics Carrier
- Troop Carrier
Truck Type
- Light Truck
- Medium Truck
- Heavy Truck
Propulsion Type
- Electric/Hybrid
- Diesel
Transmission Type
- Automatic Transmission
- Manual Transmission