Armored Vehicles Market 2019 Overview, Cost Structure Analysis, Growth Opportunities and Forecast to 2024

(The Express Wire via Comtex)

Armored Vehicles Market analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Global “Armored Vehicles Market” report provides detail analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. Using the industrial figures, the market finds growth figures between the forecast period from 2019 - 2024. In order to present an executive-level model of the market and its future perspectives, Armored Vehicles Market report presents a clear segmentation based on different parameters. The factors that affect these segments are also discussed in detail in the report.

Following Companies Are Covered by Armored Vehicles Market

  • General Dynamics Corporation
  • Rheinmetall AG
  • BAE Systems PLC
  • Textron Inc.
  • Elbit Systems Ltd
  • Krauss
  • Maffei Wegmann GmbH and Co. KG
  • Nexter Systems
  • Oshkosh Corp.
  • FNSS Savunma Sistemleri
  • BMC
  • STREIT Group

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Market Overview:

  • The armored vehicles market is anticipated to register a CAGR of over 3% during the forecast period, owing to demand from the armed forces, law enforcement agencies (police), and potential private owners.
  • The increasing political tension, terrorism, and hostile activities that are happening around the world are some of the major reasons generating the demand for the armored vehicles market.
  • Increasing defense spending to fight the aforementioned factors is likely to support the growth of the armored vehicles mar

Scope of the Report:

  • An armored vehicle is a land vehicle protected by armor, generally combining operational mobility with offensive and defensive capabilities. Armored vehicles can be wheeled or tracked, depending on the type. Armored personnel carrier (APC), infantry fighting vehicle (IFV), mine-resistant ambush protected (MRAP), main battle tank (MBT), armored cars, vehicles carrying armored self-propelled artillery, light armored vehicles, armored ambulance, armored recovery vehicles, assault amphibious vehicle, armored vehicle-launched bridge (AVLB), armored utility vehicles, and other support vehicles are some of the examples of vehicles that are included in the study.

The Research Document Will Answer Following Questions Such as:

What are the cutting-edge technologies responsible for driving the growth of the market?

What are the main applications of the market? What are the growth prospects to the market applications into the market?

At what stage of development are the key market products?

What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?

What is the outlook for the industry?

What difference does performance characteristics of Armored Vehicles create from those of established entities?

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Key Market Trends:

Main Battle Tank Segment is Projected to Lead the Armored Vehicles Market from 2019 to 2024

Currently, the main battle tank (MBT) segment dominates the market and is expected to continue its domination during the forecast period. This is propelled by the increasing procurements of tanks by various countries, like Hungary, Russia, Thailand, France, and Germany, among others. For instance, in August 2018, the Russian Ministry of Defense signed a contract with Uralvagonzavod (UVZ) for the production of 132 third-generation T-14 Armata main battle tanks (MBT) and T-15 heavy infantry fighting vehicles (IFV). The Russian Ground Forces are expected to receive a total of 100 T-14 MBTs by 2020.

Armored Vehicles Market in Asia-Pacific Region to Register Highest CAGR During the Forecast Period

The Asia-Pacific region currently dominates the market and is expected to register the highest CAGR during the forecast period. The increasing political tensions between Pakistan, India, China, and Japan, and increasing terrorist activities are forcing these countries to increase and modernize their ground forces. These factors are expected to drive the procurement of armored vehicles, thereby, helping the growth of the Asia-Pacific armored vehicles market.

Reasons for Buying Armored Vehicles Market Report:

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a five-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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Detailed TOC of Armored Vehicles Market Report 2019-2024:

1.1 Study Deliverable
1.2 Study Assumptions
1.3 Scope of the Study



4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry


6.1 Type
6.1.1 Armored Personnel Carrier (APC)
6.1.2 Infantry Fighting Vehicle (IFV)
6.1.3 Mine-resistant Ambush Protected (MRAP)
6.1.4 Main Battle Tank (MBT)
6.1.5 Other Types
6.2 Geography
6.2.1 North America US Canada
6.2.2 Europe UK France Germany Rest of Europe
6.2.3 Asia-Pacific China India Japan Rest of Asia-Pacific
6.2.4 Latin America Mexico Brazil Rest of Latin America
6.2.5 Middle East and Africa UAE Nigeria Saudi Arabia Rest of Middle East and Africa

7.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Vendor Market Share
7.3 Strategies Adopted by Leading Players
7.4 Company Profiles
7.4.1 General Dynamics Corporation
7.4.2 Rheinmetall AG
7.4.3 BAE Systems PLC
7.4.4 Textron Inc.
7.4.5 Elbit Systems Ltd
7.4.6 Krauss-Maffei Wegmann GmbH and Co. KG
7.4.7 Nexter Systems
7.4.8 Oshkosh Corp.
7.4.9 FNSS Savunma Sistemleri
7.4.10 IVECO SPA
7.4.11 BMC
7.4.12 STREIT Group


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