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Armored Vehicles Market Share, Size 2019-2024 | Industry Analysis, Overview of Market Dynamics, Top Key Players, and Regional Forecast to 2024


The “Armored Vehicles Market” report 2019 covers all the significant developments which are recently being adopted across the global market. The prime objective of Armored Vehicles market report is to provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. The Armored Vehicles market report covers both the demand and supply aspect of the market. The report also highlighted the future trends in the Armored Vehicles market that will impact the demand during the forecast period.

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.

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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

    Some of the Top Key Players of Armored Vehicles Market Report Are:

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

    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

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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.

    The Report Covers:

    • Comprehensive research methodology of Armored Vehicles market
    • In-depth analysis of macro and micro factors influencing the market guided by key recommendations.
    • Analysis of regional regulations and other government policies impacting the global sleep aid market
    • Insights about market determinants which are stimulating the global Armored Vehicles market
    • Detailed and extensive market segments with regional distribution of forecasted revenues
    • Extensive profiles and recent developments of market players Companies Mentioned

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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 & Africa UAE Nigeria Saudi Arabia Rest of Middle East & 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 & 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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