Military Land Vehicles Market Report 2025 (Global Edition)

Global Military Land Vehicles Market Report 2025 Market Size Split by Type (Military Armoured Vehicles, Military Battle Tanks, Unmanned Ground Vehicles, Light Tactical Vehicles, Special Forces Vehicle...

Military Land Vehicles Market Report Description

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Military Land Vehicles Market Insights Video

Competitive Landscape of Military Land Vehicles

Several international corporations are present in the worldwide military land vehicle market. These businesses have robust global distribution networks. Additionally, these businesses sell a variety of military trucks. The primary tactics used by these businesses to maintain their market position include the creation of new products, partnerships, and contracts and agreements.

February 2019: The US Army Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command (LCMC) ordered 354 FMTV A1P2 trucks and trailers from Oshkosh Defence in February 2019 for a cost of USD75 million.

(Source:oshkoshdefense.com/u-s-army-awards-oshkosh-75-million-for-family-of-medium-tactical-vehicles-fmtv/)

January 2019: A joint military vehicle design, manufacture, and support firm will be established in the UK, according to a contract signed in January 2019 between Rheinmetall AG and BAE Systems. A 55% stake in BAE Systems Land UK Tank and Combat Vehicles will be purchased by Rheinmetall AG. There will be a joint venture called Rheinmetall BAE Systems Land (RBSL).

(Source:www.defensenews.com/global/europe/2019/01/21/rheinmetall-bae-systems-launch-joint-venture-for-military-vehicles/)

Top Companies Market Share in Military Land Vehicles Industry: (In no particular order of Rank)

• Oshkosh Defense LLC
• BAE Systems plc
• Ashok Leyland
• General Dynamics Corporation
• ST Engineering
• Rheinmetall AG
• Krauss-Maffei Wegmann (KMW)
• Hyundai Rotem
• Iveco S.p.A.
• Nexter Systems
• China North Industries Corporation
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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The North America Military Land Vehicles Market Dominates the Largest Share of Global Market

During the projection period, North America is anticipated to experience strong revenue growth. The US's significant demand for military transportation systems is the primary driver of the region's larger revenue share. The number of American military personnel is currently rising. The US military is expected to expand by around 5,600 people across the services in the active and reserve components in the future, according to the Defence Department's budget request for 2021. As a result of border issues and diplomatic developments with the United States, Mexico has purchased more army vehicles, such as military trucks, armored vehicles, and armament systems. The Canadian government is also bolstering its armed forces by purchasing military hardware.

For instance, the Canadian military extended its five-year additional contract length with Mack Defence from 2020 to 2025 in July 2020. More than 1,500 Medium Support Vehicle System (MSVS) Standard Military Pattern (SMP) vehicles would be provided under the contract that was signed.

(Source:www.macktrucks.com/mack-news/2020/mack-defense-in-service-support-contract-extended-for-canadian-medium-support-vehicle-system-program)

Throughout the study period, the Asia-Pacific area is predicted to have the greatest CAGR. This region is experiencing an increase in demand from the worldwide market as a result of increased military spending by developing countries like China. The market for military trucks will be driven by an increase in logistics and troop transportation during the projected period. Additionally, one of the key elements influencing the increase in regional profits is the deployment of troops throughout the world as a result of the country's involvement in numerous international conflicts.

The current report Scope analyzes Military Land Vehicles Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

Military Land Vehicles Market Analysis

Type Segment Analysis

In 2023, the military armored vehicle segment is expected to dominate the market. The global military modernization plan, the development of modular and scalable armored vehicles, and other factors are what are driving the industry. Additionally, the military armored vehicle market is being driven by elements including high demand for customized trucks, technical improvements, an increase in the popularity of transporting military equipment, and steady population expansion in the armed forces.

The unmanned ground vehicle segment is expected to grow at the fastest growth rate. The use of unmanned armored ground vehicles for intelligence, surveillance, and reconnaissance (ISR) and combat operations by military forces from numerous countries has resulted in a surge in demand for these vehicles globally in recent years. Additionally, more of these systems are being bought to replace the defense personnel who require a lot of supplies and logistical support due to the increased military spending in countries like the UK, Italy, Spain, Germany, and France.

• Military Armoured Vehicles
• Military Battle Tanks
• Unmanned Ground Vehicles
• Light Tactical Vehicles
• Special Forces Vehicles
• Infantry Fighting Vehicles 
• Others 

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Military Land Vehicles Industry. Request a Free Sample PDF!

Application Segment Analysis

In 2023, the combat segment dominated the market. The fear of cross-border terrorism has increased demand for combat military land vehicles in emerging countries like India, Afghanistan, the Middle East, and Africa. Tanks, armored vehicles, unmanned ground vehicles, infantry fighting vehicles, and light utility vehicles are the different types of vehicles. High-tech components like GPS systems, onboard optics, fire control systems, and self-defense systems are integrated into these vehicles. The troop transport segment is expected to experience the fastest growth rate due to rising defense operations and increasing demand for the transportation of troops and weapons.

• Combat
• Reconnaissance
• Utility
• Logistics
• Troop Transport
• Rescue 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Military Land Vehicles Technology Segment Analysis

The powerful engine segment accounted for the majority of the revenue share in 2023. Because military giants like the US, China, and Russia are expected to increase their defense spending, there will likely be a greater need for vehicles with strong engines. This would encourage the sector for army land vehicles to grow. The defense industry is benefiting from recent advancements in military vehicles, including their use of stealth technology, complex composite materials, and fifth-generation technologies.

The segment with the fastest predicted growth is modular ballistic protection. The market for modular ballistic protection is growing at a faster growth rate because of increasing developments in control systems and navigation technology; the rise in the frequency of combat operations is also promoting the growth of the market.

• Powerful Engine
• Stealth Technology
• Reactive Armor
• Modular Ballistic Protection 
• Others

Military Land Vehicles Propulsion Segment Analysis

The wheeled segment accounted for the majority of the revenue share in 2023 and is also expected to grow at the fastest growth rate due to the increasing demand for military land vehicles. The military truck market is being driven by elements such as the high demand for customized vehicles, technical improvements, growing public interest in the transportation of military equipment, and a steady population increase in the armed forces.

• Wheeled
• Tracked
• Hybrid

Military Land Vehicles Offering Segment Analysis

• Services
• Platforms

Military Land Vehicles End User Segment Analysis

• Defense Forces
• Private Contractors
• Government Agencies

Author's Detail

Sumedha Gosavi

Research Associate at Cognitive Market Research

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Author's Conclusion