Armored Vehicle Market to make a new high by reaching USD 18250 Mn by 2027

The global Armored Vehicle market was valued at US$ 16350 million in 2020 and it is expected to reach US$ 18250 million by the end of 2027, growing at a CAGR of 1.6% during 2021-2027.

An armoured vehicle is an armed combat vehicle protected by armour, generally combining operational mobility with offensive and defensive capabilities.

North America armored vehicle market is anticipated to show sluggish growth over the forecast period owing to the limited defense budget. The U.S. is anticipated to hold over 80% of the overall North American revenue share in 2014.

Asia Pacific armored vehicle market is expected to show significant growth owing to the government initiative to strengthen its military power to counter internal or external terrorism. The region accounted for over 25% of the global share in 2014. MEA is expected to witness a rise in demand owing to terrorism activity and rising unrest in Iraq.

Global Armored Vehicle Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Armored Vehicle Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.


Key Companies profiled in this report are BAE Systems, Elbit Systems, General Dynamics, Iveco, Krauss-MaffeiWegmann, Lockheed Martin, Navistar, Oshkosh, Rheinmetall, Textron, Streit, Minerva, Armour Group, INKAS, GeneralDynamicsCorporation, STAT Industry, Textron, Inc., Thales Group, Lenco and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at:

Segment by Type

  • Wheeled Armored Vehicles
  • Tracked Armored Vehicles

Segment by Application

  • Military Use
  • Police Use
  • Civil Use

Table of Content:

1 Armored Vehicle Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Armored Vehicle Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Armored Vehicle Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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