In 2019, the Armored Vehicles Market, worth USD 6.7 billion, will grow at an average annual rate of 4.5% between 2019-2025. Increasing government spending to strengthen armament will spur industrial growth.
Increasing military spending will speed up the procurement of armored vehicles in the coming years. Worldwide military spending increased by more than 7% from 2010 to 2019. Increasing conflict and unstable political situations will change the course of combat operations. Global terrorism is another major threat faced by many countries, forcing them to strengthen their armaments. In addition, increasing concerns regarding small ballistic weapons will require efficient vehicle armor in the land armament sector.
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Armored Vehicles Market Key Players
- Rockwell BAE Systems
- BMW AG
- Elbit Systems
- Ford Motor Company
- General Dynamics Corporation
- Lockheed Martin Corporation
- Oshkosh Defense
- Textron Inc.
- Volkswagen AG
Market, By Material
Market, By Vehicle
- Armored fighting vehicles
- Civilian & law enforcement vehicles
Market, By Application
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Armored Vehicles Market Report
- What was the Armored Vehicles Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
- What will be the CAGR of Armored Vehicles Market during the forecast period (2019-2025)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
- Which manufacturer/vendor/players in the Armored Vehicles Market was the market leader in 2018?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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