Military Armored Vehicles Market Size(US$)

CAGR 2025-2031
2.2%
Market Size,2031
USD 25,410
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Military Armored Vehicles was valued at US$ 21940 million in the year 2024 and is projected to reach a revised size of US$ 25410 million by 2031, growing at a CAGR of 2.2% during the forecast period.
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 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.
Market Segmentation
Report Scope
This report aims to provide a comprehensive presentation of the global market for Military Armored Vehicles, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Military Armored Vehicles.
The Military Armored Vehicles market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Military Armored Vehicles market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Military Armored Vehicles manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, 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: Detailed analysis of Military Armored Vehicles manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Military Armored Vehicles by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Military Armored Vehicles in 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, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size 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 market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
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Table of Contents
1 Military Armored Vehicles Market Overview
1.1 Product Definition
1.2 Military Armored Vehicles by Type
1.2.1 Global Military Armored Vehicles Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Wheeled Military Armored Vehicles
1.2.3 Crawler Military Armored Vehicles
1.3 Military Armored Vehicles by Application
1.3.1 Global Military Armored Vehicles Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Defense
1.3.3 Homeland Security
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Military Armored Vehicles Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Military Armored Vehicles Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Military Armored Vehicles Production Estimates and Forecasts (2020-2031)
1.4.4 Global Military Armored Vehicles Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Military Armored Vehicles Production Market Share by Manufacturers (2020-2025)
2.2 Global Military Armored Vehicles Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Military Armored Vehicles, Industry Ranking, 2023 VS 2024
2.4 Global Military Armored Vehicles Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Military Armored Vehicles Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Military Armored Vehicles, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Military Armored Vehicles, Product Offered and Application
2.8 Global Key Manufacturers of Military Armored Vehicles, Date of Enter into This Industry
2.9 Military Armored Vehicles Market Competitive Situation and Trends
2.9.1 Military Armored Vehicles Market Concentration Rate
2.9.2 Global 5 and 10 Largest Military Armored Vehicles Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Military Armored Vehicles Production by Region
3.1 Global Military Armored Vehicles Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Military Armored Vehicles Production Value by Region (2020-2031)
3.2.1 Global Military Armored Vehicles Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Military Armored Vehicles by Region (2026-2031)
3.3 Global Military Armored Vehicles Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Military Armored Vehicles Production Volume by Region (2020-2031)
3.4.1 Global Military Armored Vehicles Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Military Armored Vehicles by Region (2026-2031)
3.5 Global Military Armored Vehicles Market Price Analysis by Region (2020-2025)
3.6 Global Military Armored Vehicles Production and Value, Year-over-Year Growth
3.6.1 North America Military Armored Vehicles Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Military Armored Vehicles Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Military Armored Vehicles Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Military Armored Vehicles Production Value Estimates and Forecasts (2020-2031)
4 Military Armored Vehicles Consumption by Region
4.1 Global Military Armored Vehicles Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Military Armored Vehicles Consumption by Region (2020-2031)
4.2.1 Global Military Armored Vehicles Consumption by Region (2020-2025)
4.2.2 Global Military Armored Vehicles Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Military Armored Vehicles Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Military Armored Vehicles Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Military Armored Vehicles Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Military Armored Vehicles Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Military Armored Vehicles Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Military Armored Vehicles Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Military Armored Vehicles Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Military Armored Vehicles Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Military Armored Vehicles Production by Type (2020-2031)
5.1.1 Global Military Armored Vehicles Production by Type (2020-2025)
5.1.2 Global Military Armored Vehicles Production by Type (2026-2031)
5.1.3 Global Military Armored Vehicles Production Market Share by Type (2020-2031)
5.2 Global Military Armored Vehicles Production Value by Type (2020-2031)
5.2.1 Global Military Armored Vehicles Production Value by Type (2020-2025)
5.2.2 Global Military Armored Vehicles Production Value by Type (2026-2031)
5.2.3 Global Military Armored Vehicles Production Value Market Share by Type (2020-2031)
5.3 Global Military Armored Vehicles Price by Type (2020-2031)
6 Segment by Application
6.1 Global Military Armored Vehicles Production by Application (2020-2031)
6.1.1 Global Military Armored Vehicles Production by Application (2020-2025)
6.1.2 Global Military Armored Vehicles Production by Application (2026-2031)
6.1.3 Global Military Armored Vehicles Production Market Share by Application (2020-2031)
6.2 Global Military Armored Vehicles Production Value by Application (2020-2031)
6.2.1 Global Military Armored Vehicles Production Value by Application (2020-2025)
6.2.2 Global Military Armored Vehicles Production Value by Application (2026-2031)
6.2.3 Global Military Armored Vehicles Production Value Market Share by Application (2020-2031)
6.3 Global Military Armored Vehicles Price by Application (2020-2031)
7 Key Companies Profiled
7.1 General Dynamics
7.1.1 General Dynamics Military Armored Vehicles Company Information
7.1.2 General Dynamics Military Armored Vehicles Product Portfolio
7.1.3 General Dynamics Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.1.4 General Dynamics Main Business and Markets Served
7.1.5 General Dynamics Recent Developments/Updates
7.2 BAE Systems
7.2.1 BAE Systems Military Armored Vehicles Company Information
7.2.2 BAE Systems Military Armored Vehicles Product Portfolio
7.2.3 BAE Systems Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.2.4 BAE Systems Main Business and Markets Served
7.2.5 BAE Systems Recent Developments/Updates
7.3 Oshkosh
7.3.1 Oshkosh Military Armored Vehicles Company Information
7.3.2 Oshkosh Military Armored Vehicles Product Portfolio
7.3.3 Oshkosh Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Oshkosh Main Business and Markets Served
7.3.5 Oshkosh Recent Developments/Updates
7.4 Rheinmetall
7.4.1 Rheinmetall Military Armored Vehicles Company Information
7.4.2 Rheinmetall Military Armored Vehicles Product Portfolio
7.4.3 Rheinmetall Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Rheinmetall Main Business and Markets Served
7.4.5 Rheinmetall Recent Developments/Updates
7.5 China North Industrial
7.5.1 China North Industrial Military Armored Vehicles Company Information
7.5.2 China North Industrial Military Armored Vehicles Product Portfolio
7.5.3 China North Industrial Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.5.4 China North Industrial Main Business and Markets Served
7.5.5 China North Industrial Recent Developments/Updates
7.6 Nexter Systems
7.6.1 Nexter Systems Military Armored Vehicles Company Information
7.6.2 Nexter Systems Military Armored Vehicles Product Portfolio
7.6.3 Nexter Systems Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Nexter Systems Main Business and Markets Served
7.6.5 Nexter Systems Recent Developments/Updates
7.7 Hyundai Rotem
7.7.1 Hyundai Rotem Military Armored Vehicles Company Information
7.7.2 Hyundai Rotem Military Armored Vehicles Product Portfolio
7.7.3 Hyundai Rotem Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Hyundai Rotem Main Business and Markets Served
7.7.5 Hyundai Rotem Recent Developments/Updates
7.8 FNSS
7.8.1 FNSS Military Armored Vehicles Company Information
7.8.2 FNSS Military Armored Vehicles Product Portfolio
7.8.3 FNSS Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.8.4 FNSS Main Business and Markets Served
7.8.5 FNSS Recent Developments/Updates
7.9 Uralvagonzavod
7.9.1 Uralvagonzavod Military Armored Vehicles Company Information
7.9.2 Uralvagonzavod Military Armored Vehicles Product Portfolio
7.9.3 Uralvagonzavod Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Uralvagonzavod Main Business and Markets Served
7.9.5 Uralvagonzavod Recent Developments/Updates
7.10 STREIT Group
7.10.1 STREIT Group Military Armored Vehicles Company Information
7.10.2 STREIT Group Military Armored Vehicles Product Portfolio
7.10.3 STREIT Group Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.10.4 STREIT Group Main Business and Markets Served
7.10.5 STREIT Group Recent Developments/Updates
7.11 Thales Group
7.11.1 Thales Group Military Armored Vehicles Company Information
7.11.2 Thales Group Military Armored Vehicles Product Portfolio
7.11.3 Thales Group Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Thales Group Main Business and Markets Served
7.11.5 Thales Group Recent Developments/Updates
7.12 Textron
7.12.1 Textron Military Armored Vehicles Company Information
7.12.2 Textron Military Armored Vehicles Product Portfolio
7.12.3 Textron Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Textron Main Business and Markets Served
7.12.5 Textron Recent Developments/Updates
7.13 Iveco Defence Vehicles
7.13.1 Iveco Defence Vehicles Military Armored Vehicles Company Information
7.13.2 Iveco Defence Vehicles Military Armored Vehicles Product Portfolio
7.13.3 Iveco Defence Vehicles Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Iveco Defence Vehicles Main Business and Markets Served
7.13.5 Iveco Defence Vehicles Recent Developments/Updates
7.14 ST Engineering
7.14.1 ST Engineering Military Armored Vehicles Company Information
7.14.2 ST Engineering Military Armored Vehicles Product Portfolio
7.14.3 ST Engineering Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.14.4 ST Engineering Main Business and Markets Served
7.14.5 ST Engineering Recent Developments/Updates
7.15 BMC
7.15.1 BMC Military Armored Vehicles Company Information
7.15.2 BMC Military Armored Vehicles Product Portfolio
7.15.3 BMC Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.15.4 BMC Main Business and Markets Served
7.15.5 BMC Recent Developments/Updates
7.16 Otokar
7.16.1 Otokar Military Armored Vehicles Company Information
7.16.2 Otokar Military Armored Vehicles Product Portfolio
7.16.3 Otokar Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Otokar Main Business and Markets Served
7.16.5 Otokar Recent Developments/Updates
7.17 NIMR Automotive
7.17.1 NIMR Automotive Military Armored Vehicles Company Information
7.17.2 NIMR Automotive Military Armored Vehicles Product Portfolio
7.17.3 NIMR Automotive Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.17.4 NIMR Automotive Main Business and Markets Served
7.17.5 NIMR Automotive Recent Developments/Updates
7.18 Mahindra
7.18.1 Mahindra Military Armored Vehicles Company Information
7.18.2 Mahindra Military Armored Vehicles Product Portfolio
7.18.3 Mahindra Military Armored Vehicles Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Mahindra Main Business and Markets Served
7.18.5 Mahindra Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Military Armored Vehicles Industry Chain Analysis
8.2 Military Armored Vehicles Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Military Armored Vehicles Production Mode & Process Analysis
8.4 Military Armored Vehicles Sales and Marketing
8.4.1 Military Armored Vehicles Sales Channels
8.4.2 Military Armored Vehicles Distributors
8.5 Military Armored Vehicles Customer Analysis
9 Military Armored Vehicles Market Dynamics
9.1 Military Armored Vehicles Industry Trends
9.2 Military Armored Vehicles Market Drivers
9.3 Military Armored Vehicles Market Challenges
9.4 Military Armored Vehicles Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 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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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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Published: 2026-08-01
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