Comprehensive historical analysis of Global Armored Vehicles Market Size has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It covers the price, sales volume, revenue, historical growth, gross margin, and future outlooks for the Armored Vehicles market.
The Global Armored Vehicles Market size is anticipated to exceed USD 41.22 billion by 2032, growing at a CAGR of 3.8% from 2022 to 2032
The report includes growth prospects in the Global Armored Vehicles Market by type, application, sub segement and region and QMI has compiled a comprehensive detailed research report to offer insights. The report details consumption in the Aerospace & Defense and other sectors. Regional coverage spans North America, Europe, and rest of the world including Asia Pacific.
The Global Armored Vehicles Market is expected to experience steady growth from 2022 to 2032, driven by increasing defense budgets and the rising need for advanced military and law enforcement vehicles. As geopolitical tensions and security concerns escalate worldwide, nations are investing in modernizing their armored fleets to enhance protection and combat capabilities. Technological advancements in armor materials, surveillance systems, and vehicle mobility are key factors contributing to the market's expansion during this period.
Between 2022 and 2032, the armored vehicles market is projected to expand significantly, fueled by the growing demand for multi-purpose and highly survivable vehicles in both military and civilian sectors. With a focus on enhancing vehicle resilience against various threats, including improvised explosive devices (IEDs) and cyber attacks, manufacturers are developing innovative solutions that integrate cutting-edge technology. The market is also seeing increased interest in electric and hybrid armored vehicles as sustainability becomes a priority, driving long-term growth and strategic developments in the industry.
Leading players of Armored Vehicles including:
- BAE Systems
- BMW AG
- Daimler AG (Mercedes Benz)
- Elbit Systems
- Ford Motor Company
- General Dynamics Corporation
- INKAS Armored Vehicle Manufacturing
- International Armored Group
- IVECO
- Krauss-Maffei Wegmann GmbH & Co. (KMW)
- Lenco Industries, Inc.
- Lockheed Martin Corporation
- Navistar, Inc.
- Oshkosh Defense, LLC
- Others
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Market split by Segement, can be divided into:
By Platform
- Combat Vehicles
- Combat Support Vehicles
- Unmanned Armored Ground Vehicles
By Type
- Electric
- Conventional
Market segment by Region/Country including:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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In February 2023, The US Army Contracting Command Detroit Arsenal awarded A.M. General a contract to manufacture 20,000 Joint Tactical vehicles and approximately 10,000 trailers for the US Armed Forces. The contract's total value is not stated.
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Whats covered in the report?
- 1. Overview of the Armored Vehicles market.
- 2. The current and forecasted regional (North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa) market size data for the Armored Vehicles market, based on segement.
- 3. Armored Vehicles Market trends.
- 4. Armored Vehicles Market drivers.
- 5. Analysis of major company profiles.
Reasons to buy this Market Report:
1. Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Armored Vehicles market.
2. Use the SWOT analysis to determine the competitive intensity and therefore attractiveness of the emerging Armored Vehicles Industry.
3. Leading company profiles reveal details of key Armored Vehicles market players emerging five operations and financial performance.
4. Add weight to presentations and pitches by understanding the future growth prospects of the emerging Armored Vehicles market with five year historical forecasts.
5. Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region.
6. Extensive information on factors that will amplify the growth of the Armored Vehicles market over the upcoming seven years
7. Accurate estimation of the global Armored Vehicles market size
8. Exact estimations of the upcoming trends and changes observed in the consumer behavior
9. Growth of the global Armored Vehicles market across the North & South America, EMEA, Asia Pacific, and Latin America
10. Information about Armored Vehicles market growth potential
11. In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
12. Furnishing of detailed information on the factors that will restrain the growth of the Armored Vehicles market
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