Military Armored Vehicles Market Size(US$)

CAGR 2024-2030
2.2%
Market Size,2030
USD 24,460
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
An armoured vehicle is an armed combat vehicle protected by armour, generally combining operational mobility with offensive and defensive capabilities. Armoured vehicles can be wheeled or tracked. Tanks, armoured cars, assault guns/armoured self-propelled guns, infantry fighting vehicles and armoured personnel carriers (APC) are all examples of armoured vehicles.
The global Military Armored Vehicles market is projected to grow from US$ 21530 million in 2024 to US$ 24460 million by 2030, at a Compound Annual Growth Rate (CAGR) of 2.2% during the forecast period.
The Military Armored Vehicles market covers Wheeled Armored Vehicles, Crawler Armored Vehicles. The typical players include General Dynamics, BAE Systems, Oshkosh, Rheinmetall, China North Industrial, Nexter Systems, Hyundai Rotem, FNSS, etc.
In terms of production side, this report researches the Military Armored Vehicles production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.
In terms of consumption side, this report focuses on the sales of Military Armored Vehicles by region (region level and country level), by company, by Type and by Application. from 2019 to 2024 and forecast to 2030.
Report Covers:
This report presents an overview of global market for Military Armored Vehicles, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2019 - 2024, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Military Armored Vehicles, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Military Armored Vehicles, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Military Armored Vehicles sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Military Armored Vehicles market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Military Armored Vehicles sales, projected growth trends, production technology, application and end-user industry.
Market Segmentation
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Military Armored Vehicles production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Military Armored Vehicles in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Military Armored Vehicles manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Military Armored Vehicles sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 15: The main points and conclusions of the report.
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Table of Contents
1 Study Coverage
1.1 Military Armored Vehicles Product Introduction
1.2 Market by Type
1.2.1 Global Military Armored Vehicles Market Size by Type, 2019 VS 2023 VS 2030
1.2.2 Wheeled Military Armored Vehicles
1.2.3 Crawler Military Armored Vehicles
1.3 Market by Application
1.3.1 Global Military Armored Vehicles Market Size by Application, 2019 VS 2023 VS 2030
1.3.2 Defense
1.3.3 Homeland Security
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Military Armored Vehicles Production
2.1 Global Military Armored Vehicles Production Capacity (2019-2030)
2.2 Global Military Armored Vehicles Production by Region: 2019 VS 2023 VS 2030
2.3 Global Military Armored Vehicles Production by Region
2.3.1 Global Military Armored Vehicles Historic Production by Region (2019-2024)
2.3.2 Global Military Armored Vehicles Forecasted Production by Region (2025-2030)
2.3.3 Global Military Armored Vehicles Production Market Share by Region (2019-2030)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
3 Executive Summary
3.1 Global Military Armored Vehicles Revenue Estimates and Forecasts 2019-2030
3.2 Global Military Armored Vehicles Revenue by Region
3.2.1 Global Military Armored Vehicles Revenue by Region: 2019 VS 2023 VS 2030
3.2.2 Global Military Armored Vehicles Revenue by Region (2019-2024)
3.2.3 Global Military Armored Vehicles Revenue by Region (2025-2030)
3.2.4 Global Military Armored Vehicles Revenue Market Share by Region (2019-2030)
3.3 Global Military Armored Vehicles Sales Estimates and Forecasts 2019-2030
3.4 Global Military Armored Vehicles Sales by Region
3.4.1 Global Military Armored Vehicles Sales by Region: 2019 VS 2023 VS 2030
3.4.2 Global Military Armored Vehicles Sales by Region (2019-2024)
3.4.3 Global Military Armored Vehicles Sales by Region (2025-2030)
3.4.4 Global Military Armored Vehicles Sales Market Share by Region (2019-2030)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufactures
4.1 Global Military Armored Vehicles Sales by Manufacturers
4.1.1 Global Military Armored Vehicles Sales by Manufacturers (2019-2024)
4.1.2 Global Military Armored Vehicles Sales Market Share by Manufacturers (2019-2024)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of Military Armored Vehicles in 2023
4.2 Global Military Armored Vehicles Revenue by Manufacturers
4.2.1 Global Military Armored Vehicles Revenue by Manufacturers (2019-2024)
4.2.2 Global Military Armored Vehicles Revenue Market Share by Manufacturers (2019-2024)
4.2.3 Global Top 10 and Top 5 Companies by Military Armored Vehicles Revenue in 2023
4.3 Global Military Armored Vehicles Sales Price by Manufacturers
4.4 Global Key Players of Military Armored Vehicles, Industry Ranking, 2022 VS 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Military Armored Vehicles Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of Military Armored Vehicles, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of Military Armored Vehicles, Product Offered and Application
4.8 Global Key Manufacturers of Military Armored Vehicles, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Military Armored Vehicles Sales by Type
5.1.1 Global Military Armored Vehicles Historical Sales by Type (2019-2024)
5.1.2 Global Military Armored Vehicles Forecasted Sales by Type (2025-2030)
5.1.3 Global Military Armored Vehicles Sales Market Share by Type (2019-2030)
5.2 Global Military Armored Vehicles Revenue by Type
5.2.1 Global Military Armored Vehicles Historical Revenue by Type (2019-2024)
5.2.2 Global Military Armored Vehicles Forecasted Revenue by Type (2025-2030)
5.2.3 Global Military Armored Vehicles Revenue Market Share by Type (2019-2030)
5.3 Global Military Armored Vehicles Price by Type
5.3.1 Global Military Armored Vehicles Price by Type (2019-2024)
5.3.2 Global Military Armored Vehicles Price Forecast by Type (2025-2030)
6 Market Size by Application
6.1 Global Military Armored Vehicles Sales by Application
6.1.1 Global Military Armored Vehicles Historical Sales by Application (2019-2024)
6.1.2 Global Military Armored Vehicles Forecasted Sales by Application (2025-2030)
6.1.3 Global Military Armored Vehicles Sales Market Share by Application (2019-2030)
6.2 Global Military Armored Vehicles Revenue by Application
6.2.1 Global Military Armored Vehicles Historical Revenue by Application (2019-2024)
6.2.2 Global Military Armored Vehicles Forecasted Revenue by Application (2025-2030)
6.2.3 Global Military Armored Vehicles Revenue Market Share by Application (2019-2030)
6.3 Global Military Armored Vehicles Price by Application
6.3.1 Global Military Armored Vehicles Price by Application (2019-2024)
6.3.2 Global Military Armored Vehicles Price Forecast by Application (2025-2030)
7 US & Canada
7.1 US & Canada Military Armored Vehicles Market Size by Type
7.1.1 US & Canada Military Armored Vehicles Sales by Type (2019-2030)
7.1.2 US & Canada Military Armored Vehicles Revenue by Type (2019-2030)
7.2 US & Canada Military Armored Vehicles Market Size by Application
7.2.1 US & Canada Military Armored Vehicles Sales by Application (2019-2030)
7.2.2 US & Canada Military Armored Vehicles Revenue by Application (2019-2030)
7.3 US & Canada Military Armored Vehicles Sales by Country
7.3.1 US & Canada Military Armored Vehicles Revenue by Country: 2019 VS 2023 VS 2030
7.3.2 US & Canada Military Armored Vehicles Sales by Country (2019-2030)
7.3.3 US & Canada Military Armored Vehicles Revenue by Country (2019-2030)
7.3.4 U.S.
7.3.5 Canada
8 Europe
8.1 Europe Military Armored Vehicles Market Size by Type
8.1.1 Europe Military Armored Vehicles Sales by Type (2019-2030)
8.1.2 Europe Military Armored Vehicles Revenue by Type (2019-2030)
8.2 Europe Military Armored Vehicles Market Size by Application
8.2.1 Europe Military Armored Vehicles Sales by Application (2019-2030)
8.2.2 Europe Military Armored Vehicles Revenue by Application (2019-2030)
8.3 Europe Military Armored Vehicles Sales by Country
8.3.1 Europe Military Armored Vehicles Revenue by Country: 2019 VS 2023 VS 2030
8.3.2 Europe Military Armored Vehicles Sales by Country (2019-2030)
8.3.3 Europe Military Armored Vehicles Revenue by Country (2019-2030)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China Military Armored Vehicles Market Size by Type
9.1.1 China Military Armored Vehicles Sales by Type (2019-2030)
9.1.2 China Military Armored Vehicles Revenue by Type (2019-2030)
9.2 China Military Armored Vehicles Market Size by Application
9.2.1 China Military Armored Vehicles Sales by Application (2019-2030)
9.2.2 China Military Armored Vehicles Revenue by Application (2019-2030)
10 Asia (excluding China)
10.1 Asia Military Armored Vehicles Market Size by Type
10.1.1 Asia Military Armored Vehicles Sales by Type (2019-2030)
10.1.2 Asia Military Armored Vehicles Revenue by Type (2019-2030)
10.2 Asia Military Armored Vehicles Market Size by Application
10.2.1 Asia Military Armored Vehicles Sales by Application (2019-2030)
10.2.2 Asia Military Armored Vehicles Revenue by Application (2019-2030)
10.3 Asia Military Armored Vehicles Sales by Region
10.3.1 Asia Military Armored Vehicles Revenue by Region: 2019 VS 2023 VS 2030
10.3.2 Asia Military Armored Vehicles Revenue by Region (2019-2030)
10.3.3 Asia Military Armored Vehicles Sales by Region (2019-2030)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America Military Armored Vehicles Market Size by Type
11.1.1 Middle East, Africa and Latin America Military Armored Vehicles Sales by Type (2019-2030)
11.1.2 Middle East, Africa and Latin America Military Armored Vehicles Revenue by Type (2019-2030)
11.2 Middle East, Africa and Latin America Military Armored Vehicles Market Size by Application
11.2.1 Middle East, Africa and Latin America Military Armored Vehicles Sales by Application (2019-2030)
11.2.2 Middle East, Africa and Latin America Military Armored Vehicles Revenue by Application (2019-2030)
11.3 Middle East, Africa and Latin America Military Armored Vehicles Sales by Country
11.3.1 Middle East, Africa and Latin America Military Armored Vehicles Revenue by Country: 2019 VS 2023 VS 2030
11.3.2 Middle East, Africa and Latin America Military Armored Vehicles Revenue by Country (2019-2030)
11.3.3 Middle East, Africa and Latin America Military Armored Vehicles Sales by Country (2019-2030)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profiles
12.1 General Dynamics
12.1.1 General Dynamics Company Information
12.1.2 General Dynamics Overview
12.1.3 General Dynamics Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.1.4 General Dynamics Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 General Dynamics Recent Developments
12.2 BAE Systems
12.2.1 BAE Systems Company Information
12.2.2 BAE Systems Overview
12.2.3 BAE Systems Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.2.4 BAE Systems Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 BAE Systems Recent Developments
12.3 Oshkosh
12.3.1 Oshkosh Company Information
12.3.2 Oshkosh Overview
12.3.3 Oshkosh Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.3.4 Oshkosh Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 Oshkosh Recent Developments
12.4 Rheinmetall
12.4.1 Rheinmetall Company Information
12.4.2 Rheinmetall Overview
12.4.3 Rheinmetall Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.4.4 Rheinmetall Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Rheinmetall Recent Developments
12.5 China North Industrial
12.5.1 China North Industrial Company Information
12.5.2 China North Industrial Overview
12.5.3 China North Industrial Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.5.4 China North Industrial Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 China North Industrial Recent Developments
12.6 Nexter Systems
12.6.1 Nexter Systems Company Information
12.6.2 Nexter Systems Overview
12.6.3 Nexter Systems Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.6.4 Nexter Systems Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Nexter Systems Recent Developments
12.7 Hyundai Rotem
12.7.1 Hyundai Rotem Company Information
12.7.2 Hyundai Rotem Overview
12.7.3 Hyundai Rotem Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.7.4 Hyundai Rotem Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 Hyundai Rotem Recent Developments
12.8 FNSS
12.8.1 FNSS Company Information
12.8.2 FNSS Overview
12.8.3 FNSS Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.8.4 FNSS Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 FNSS Recent Developments
12.9 Uralvagonzavod
12.9.1 Uralvagonzavod Company Information
12.9.2 Uralvagonzavod Overview
12.9.3 Uralvagonzavod Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.9.4 Uralvagonzavod Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 Uralvagonzavod Recent Developments
12.10 STREIT Group
12.10.1 STREIT Group Company Information
12.10.2 STREIT Group Overview
12.10.3 STREIT Group Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.10.4 STREIT Group Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.10.5 STREIT Group Recent Developments
12.11 Thales Group
12.11.1 Thales Group Company Information
12.11.2 Thales Group Overview
12.11.3 Thales Group Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.11.4 Thales Group Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.11.5 Thales Group Recent Developments
12.12 Textron
12.12.1 Textron Company Information
12.12.2 Textron Overview
12.12.3 Textron Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.12.4 Textron Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.12.5 Textron Recent Developments
12.13 Iveco Defence Vehicles
12.13.1 Iveco Defence Vehicles Company Information
12.13.2 Iveco Defence Vehicles Overview
12.13.3 Iveco Defence Vehicles Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.13.4 Iveco Defence Vehicles Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.13.5 Iveco Defence Vehicles Recent Developments
12.14 ST Engineering
12.14.1 ST Engineering Company Information
12.14.2 ST Engineering Overview
12.14.3 ST Engineering Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.14.4 ST Engineering Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.14.5 ST Engineering Recent Developments
12.15 BMC
12.15.1 BMC Company Information
12.15.2 BMC Overview
12.15.3 BMC Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.15.4 BMC Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.15.5 BMC Recent Developments
12.16 Otokar
12.16.1 Otokar Company Information
12.16.2 Otokar Overview
12.16.3 Otokar Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.16.4 Otokar Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.16.5 Otokar Recent Developments
12.17 NIMR Automotive
12.17.1 NIMR Automotive Company Information
12.17.2 NIMR Automotive Overview
12.17.3 NIMR Automotive Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.17.4 NIMR Automotive Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.17.5 NIMR Automotive Recent Developments
12.18 Mahindra
12.18.1 Mahindra Company Information
12.18.2 Mahindra Overview
12.18.3 Mahindra Military Armored Vehicles Sales, Price, Revenue and Gross Margin (2019-2024)
12.18.4 Mahindra Military Armored Vehicles Product Model Numbers, Pictures, Descriptions and Specifications
12.18.5 Mahindra Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Military Armored Vehicles Industry Chain Analysis
13.2 Military Armored Vehicles Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Military Armored Vehicles Production Mode & Process
13.4 Military Armored Vehicles Sales and Marketing
13.4.1 Military Armored Vehicles Sales Channels
13.4.2 Military Armored Vehicles Distributors
13.5 Military Armored Vehicles Customers
14 Military Armored Vehicles Market Dynamics
14.1 Military Armored Vehicles Industry Trends
14.2 Military Armored Vehicles Market Drivers
14.3 Military Armored Vehicles Market Challenges
14.4 Military Armored Vehicles Market Restraints
15 Key Finding in The Global Military Armored Vehicles Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.2 Data Source
16.2 Author Details
16.3 Disclaimer
Table of Figures
List of Tables
List of Figures
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An armoured vehicle is an armed combat vehicle protected by armour, generally combining operational mobility with offensive and defensive capabilities. Armoured vehicles can be wheeled or tracked. Tanks, armoured cars, assault guns/armoured self-propelled guns, infantry fighting vehicles and armoured personnel carriers (APC) are all examples of armoured vehicles.
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The global market for Military Armored Vehicles was estimated to be worth US$ 21940 million in 2024 and is forecast to a readjusted size of US$ 25410 million by 2031 with a CAGR of 2.2% during the forecast period 2025-2031.
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Published: 2025-02-21
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The global Military Armored Vehicles market is projected to grow from US$ 21940 million in 2024 to US$ 25410 million by 2031, at a CAGR of 2.2% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
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The global market for Military Armored Vehicles was estimated to be worth US$ 21513 million in 2025 and is projected to reach US$ 31259 million, growing at a CAGR of 5.5% from 2026 to 2032.
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The global Military Armored Vehicles market size was US$ 21513 million in 2025 and is forecast to reach a readjusted size of US$ 31259 million by 2032 with a CAGR of 5.5% during the forecast period 2026-2032.
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The global Military Armored Vehicles market is projected to grow from US$ 21513 million in 2025 to US$ 31259 million by 2032, at a CAGR of 5.5% (2026-2032), driven by critical product segments and diverse end‑use applications.
Published: 2026-08-01
Pages: 182
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