Global Armored Vehicles Market Size study, By Application (Defense and Commercial), By Drive Type (Wheel and Track), By Vehicle Type (Armored personnel carrier, Infantry fighting vehicle, Main battle tanks, Tactical truck, Bus, Limousine, Sedan and Others), and Regional Forecasts 2020-2027

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  • Global Armored Vehicles Market is valued approximately at USD 11.05 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2020-2027. Demand for armored vehicles on the global market has risen due to developments in the defense industry in several regions. The involvement of various major entities in the security sector of a country requires the availability of upgraded arms and equipment. Several modern and upgraded armored vehicles have been built mainly for defense across the world. The need for better combat intelligence has also created a plethora of prospects in the global market for armored vehicles. This vehicle has an important role to play in maintaining the reputation of the defense industries. It is also fair to assume that armored vehicles are an integral component of the national defense industries. The region's national growth and prosperity is enshrined in the strengthening of its defense industry. For this cause, government have invested extensively in the enhancement of defense technology around their jurisdictions. There is a strong demand for armored vehicles in various countries, and this has led to the development of the global industry. Improved relations between defense manufacturing regions have also contributed to the development of global armored vehicles. Growing demand for armored vehicles due to an increase in cross-border conflicts and an increase in the occurrence of asymmetrical warfare worldwide are main factors driving the development of the market for armored vehicles. However, the absence of large OEMs for armored vehicles in the Middle East and Asia Pacific regions and the occurrence of electronic, electrical and other forms of failures in armored vehicles are expected to impede the growth of the industry. Governments in different countries are growing military spending and the national defense budget, which in turn has an impact on the development of the global demand for armored vehicles. For example, military spending in countries such as Algeria, Angola and Sudan decreased by about 6.1%, 18% and 49% respectively from 2017 to 2018. Moreover, Saudi Arabia and France reported a substantial decrease in military spending of 6.5 per cent and 1.4 per cent and a fall in their rating in terms of military spending. As a result, a reduction in national defense and military spending is likely to impede the development of the demand for armored vehicles.

    The regional analysis of global Armored Vehicles Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. The defence sector in North America has been at the forefront of global defence development. The state-of-the-art developments implemented in the US defence industry have led to the development of the armoured vehicle market in North America. The emphasis on situational awareness around the US has led to the development of the global armoured vehicle industry.


    Major market player included in this report are:

    BAE Systems

    Elbit Systems Ltd.

    General Dynamics Corporation

    INKAS Armored Vehicle Manufacturing

    International Armored Group

    Iveco

    Krauss-Maffei Wegmann GmbH & Co.

    Lenco Industries, Inc.

    Lockheed Martin Corporation

    Navistar, Inc.

    Oshkosh Defense, LLC

    STAT, Inc.

    The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-
    segment of the market are explained below:

    By Application:

    Défense

    Commercial

    By Drive Type:

    Wheel

    Track

    By Vehicle Type:

    Armored personnel carrier

    Infantry fighting vehicle

    Main battle tanks

    Tactical truck

    Bus

    Limousine

    Sedan

    Others

    By Region:

    North America

    U.S.

    Canada

    Europe

    UK

    Germany

    France

    Spain

    Italy

    ROE

    Asia Pacific

    China

    India

    Japan

    Australia

    South Korea

    RoAPAC

    Latin America

    Brazil

    Mexico

    Rest of the World


    Furthermore, years considered for the study are as follows:

    Historical year – 2017, 2018

    Base year – 2019

    Forecast period – 2020 to 2027

    Target Audience of the Global Armored Vehicles Market in Market Study:

    Key Consulting Companies & Advisors

    Large, medium-sized, and small enterprises

    Venture capitalists

    Value-Added Resellers (VARs)

    Third-party knowledge providers

    Investment bankers

    Investors

     

  • With tables and figures helping analyze worldwide Global Armored Vehicles market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    Chapter 1. Executive Summary
    1.1. Market Snapshot
    1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
    1.2.1. Armored Vehicles Market, by Region, 2018-2027 (USD Billion)
    1.2.2. Armored Vehicles Market, by Application, 2018-2027 (USD Billion)
    1.2.3. Armored Vehicles Market, by Drive Type, 2018-2027 (USD Billion)
    1.2.4. Armored Vehicles Market, by Vehicle Type, 2018-2027 (USD Billion)
    1.3. Key Trends
    1.4. Estimation Methodology
    1.5. Research Assumption
    Chapter 2. Global Armored Vehicles Market Definition & Scope
    2.1. Objective of the Study
    2.2. Market Definition & Scope
    2.2.1. Scope of the Study
    2.2.2. Industry Evolution
    2.3. Years Considered for the Study
    2.4. Currency Conversion Rates
    Chapter 3. Global Armored Vehicles Market Dynamics
    3.1. Armored Vehicles Market Impact Analysis (2018-2027)
    3.1.1. Market Drivers
    3.1.2. Market Challenges
    3.1.3. Market Opportunities
    Chapter 4. Global Armored Vehicles Market: Industry Analysis
    4.1. Porter’s 5 Force Model
    4.1.1. Bargaining Power of Suppliers
    4.1.2. Bargaining Power of Buyers
    4.1.3. Threat of New Entrants
    4.1.4. Threat of Substitutes
    4.1.5. Competitive Rivalry
    4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
    4.2. PEST Analysis
    4.2.1. Political
    4.2.2. Economical
    4.2.3. Social
    4.2.4. Technological
    4.3. Investment Adoption Model
    4.4. Analyst Recommendation & Conclusion
    Chapter 5. Global Armored Vehicles Market, by Application
    5.1. Market Snapshot
    5.2. Global Armored Vehicles Market by Application, Performance - Potential Analysis
    5.3. Global Armored Vehicles Market Estimates & Forecasts by Application, 2017-2027 (USD Billion)
    5.4. Armored Vehicles Market, Sub Segment Analysis
    5.4.1. Défense
    5.4.2. Commercial
    Chapter 6. Global Armored Vehicles Market, by Drive Type
    6.1. Market Snapshot
    6.2. Global Armored Vehicles Market by Drive Type, Performance - Potential Analysis
    6.3. Global Armored Vehicles Market Estimates & Forecasts by Drive Type 2017-2027 (USD Billion)
    6.4. Armored Vehicles Market, Sub Segment Analysis
    6.4.1. Wheel
    6.4.2. Track
    Chapter 7. Global Armored Vehicles Market, by Vehicle Type
    7.1. Market Snapshot
    7.2. Global Armored Vehicles Market by Vehicle Type, Performance - Potential Analysis
    7.3. Global Armored Vehicles Market Estimates & Forecasts by Vehicle Type 2017-2027 (USD Billion)
    7.4. Armored Vehicles Market, Sub Segment Analysis
    7.4.1. Armored personnel carrier
    7.4.2. Infantry fighting vehicle
    7.4.3. Main battle tanks
    7.4.4. Tactical truck
    7.4.5. Bus
    7.4.6. Limousine
    7.4.7. Sedan
    7.4.8. Others
    Chapter 8. Global Armored Vehicles Market, Regional Analysis
    8.1. Armored Vehicles Market, Regional Market Snapshot
    8.2. North America Armored Vehicles Market
    8.2.1. U.S. Armored Vehicles Market
    8.2.1.1. Application breakdown estimates & forecasts, 2017-2027
    8.2.1.2. Drive Type breakdown estimates & forecasts, 2017-2027
    8.2.1.3. Vehicle Type breakdown estimates & forecasts, 2017-2027
    8.2.2. Canada Armored Vehicles Market
    8.3. Europe Armored Vehicles Market Snapshot
    8.3.1. U.K. Armored Vehicles Market
    8.3.2. Germany Armored Vehicles Market
    8.3.3. France Armored Vehicles Market
    8.3.4. Spain Armored Vehicles Market
    8.3.5. Italy Armored Vehicles Market
    8.3.6. Rest of Europe Armored Vehicles Market
    8.4. Asia-Pacific Armored Vehicles Market Snapshot
    8.4.1. China Armored Vehicles Market
    8.4.2. India Armored Vehicles Market
    8.4.3. Japan Armored Vehicles Market
    8.4.4. Australia Armored Vehicles Market
    8.4.5. South Korea Armored Vehicles Market
    8.4.6. Rest of Asia Pacific Armored Vehicles Market
    8.5. Latin America Armored Vehicles Market Snapshot
    8.5.1. Brazil Armored Vehicles Market
    8.5.2. Mexico Armored Vehicles Market
    8.6. Rest of The World Armored Vehicles Market
    Chapter 9. Competitive Intelligence
    9.1. Top Market Strategies
    9.2. Company Profiles
    9.2.1. BAE Systems
    9.2.1.1. Key Information
    9.2.1.2. Overview
    9.2.1.3. Financial (Subject to Data Availability)
    9.2.1.4. Industry Summary
    9.2.1.5. Recent Developments
    9.2.2. Elbit Systems Ltd.
    9.2.3. General Dynamics Corporation
    9.2.4. INKAS Armored Vehicle Manufacturing
    9.2.5. International Armored Group
    9.2.6. Iveco
    9.2.7. Krauss-Maffei Wegmann GmbH & Co.
    9.2.8. Lenco Industries, Inc.
    9.2.9. Lockheed Martin Corporation
    9.2.10. Navistar, Inc.
    9.2.11. Oshkosh Defense, LLC
    9.2.12. STAT, Inc.
    Chapter 10. Research Process
    10.1. Research Process
    10.1.1. Data Mining
    10.1.2. Analysis
    10.1.3. Market Estimation
    10.1.4. Validation
    10.1.5. Publishing
    10.2. Research Attributes
    10.3. Research Assumption

     

  • The Global Armored Vehicles Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
    • BAE Systems
    • Elbit Systems Ltd.
    • General Dynamics Corporation
    • INKAS Armored Vehicle Manufacturing
    • International Armored Group
    • Iveco
    • Krauss-Maffei Wegmann GmbH & Co.
    • Lenco Industries, Inc.
    • Lockheed Martin Corporation
    • Navistar, Inc.
    • Oshkosh Defense, LLC
    • STAT, Inc.
    By Regions:
    • North America
    • U.S.
    • Canada
    • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
    • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
    • Latin America
    • Brazil
    • Mexico
    • Rest of the World
    By Type:
      By Application:
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      Research objectives

      Where will all these developments take the industry in the long

      To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

      What are the future opportunities in the market?

      To understand the structure of Market by identifying its various subsegments.

      What are the major driving forces expected to impact the development of the market market across different regions?

      To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

      Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

      To project the consumption of market submarkets, with respect to key regions.

      Who are the major driving forces expected to decide the fate of the industry worldwide.

      To strategically profile the key players and comprehensively analyze their growth strategies.

      What are the key barriers and threats believed to hinder the development of the industry?

      To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

      Who are the prominent market players making a mark in the market with their winning strategies?

      To share detailed information about the key factors influencing the growth of the market

      What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

      Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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