The Military Land Vehicles Global Market Report 2023, provides comprehensive information on the military land vehicles market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Military Land Vehicles Global Market Report 2023, the global military land vehicles market size is expected to grow from $20.80 billion in 2022 to $21.74 billion in 2023 at a compound annual growth rate (CAGR) of 4.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military land vehicles size market is expected to grow to $25.53 billion in 2027 at a CAGR of 4.1%.
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Product innovations are a key trend gaining popularity in the military land vehicle market. Major companies operating in the military land vehicle market are focusing on innovative military vehicles to gain a competitive edge in the market. For instance, in May 2021, Rheinmetall, a Germany-based automotive and arms manufacturer, launched the latest generation of its HX family of heavy-duty tactical trucks for military use. The trucks feature autonomous driving capability, serve as the basis for several artillery systems, and provide improved protection, reliability and mobility, driving comfort, and digital interface architecture. HX3 generation vehicles are available in 4×4, 6×6, 8×8 and 10×10 variants. Its unique features such as emergency brake assist (EBA), adaptive cruise control (ACC) and lane departure warning (LDW), and a totally new electronic and electric architecture.
The military land vehicles market is segmented:
1) By Product Type: Infantry Fighting Vehicles, Armoured Personnel Carriers, Main Battle Tank, Light Multi-Role Vehicles, Tactical Trucks, Other Product Types
2) By Offerings: Services, Platforms
3) By Application: Defence, Transportation
North America was the largest region in the military land vehicles market in 2022.
The table of contents in TBRC’s military land vehicles market report includes:
1. Executive Summary
2. Military Land Vehicles Market Characteristics
3. Military Land Vehicles Market Trends And Strategies
4. Military Land Vehicles Market – Macro Economic Scenario
5. Military Land Vehicles Market Size And Growth
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26. Africa Military Land Vehicles Market
27. Military Land Vehicles Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Military Land Vehicles Market
29. Military Land Vehicles Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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