Global Military Truck Market, By Truck Type (Light, Medium and Heavy), Application (Cargo/Logistics, Troop and Utility), Propulsion Type (Electric/Hybrid, Gasoline and Diesel), Transmission Type (Automatic, Semi-Automatic and Manual), Axle Configuration (4x4, 6x6, 8x8 and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
The military truck market is expected to reach 20,171 units by 2027 witnessing market growth at a rate of 3.2% in the forecast period of 2020 to 2027. Data Bridge Market Research report on military truck market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
A military truck is a specially designed truck army personnel, supplies and other equipment to the battlefield. They are very rugged and can adapt in varying conditions. They can be attached with armour plates for extra protection. They are mainly procured by military in bulk to support their personnel. Several technologies can be integrated in these kinds to trucks to provide advantages such as signal jammer, RADAR or other military technology. They can be heavily customised depending on the client requirements and can be attached with several advanced navigation, thick armour plates, barbed wires and superior weapon systems. Although customised military trucks are not cheap but they are witnessing a steep demand due to the changing geopolitical landscape and rising conflicts between several countries across the world. Hence, installing next gen technologies along with upgrading the troops both physically and technically will provide them as an upper hand over their adversaries.
The rising demand for customised trucks, growing need to transport military equipment, growing army personnel and growing demand for multi-purpose transport solutions are the factors driving the growth of global military truck market. High costs in designing customised military trucks are the factors restraining the growth of global military truck market in the above mentioned period.
Further technological advancements and heavy investments in research & development are the opportunities for global military truck market. Technological errors can render a useless vehicle acting as the challenge for global military truck market.
This military truck market provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on military truck market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Military Truck Market Scope and Market Size
The military truck market is segmented on the basis of truck type, application, propulsion type, transmission type and axle configuration. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of truck type, the military truck market has been segmented into light, medium and heavy.
- On the basis of application, the military truck market has been segmented into cargo/logistics, troop and utility.
- On the basis of propulsion type, the military truck market has been segmented into electric/hybrid, gasoline and diesel.
- On the basis of transmission type, the military truck market has been segmented into automatic, semi-automatic and manual.
- Military truck market has also been segmented on the basis of axle configuration into 4x4, 6x6, 8x8 and others.
Global Military Truck Market Country Level Analysis
Global military truck market is analysed and market size, volume information is provided by truck type, application, propulsion type, transmission type and axle configuration as referenced above.
The countries covered in the military truck market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America will dominate the military truck market owing to border disputes and rising conflicts with Mexico and several other diplomatic skirmishes. In addition, country such as Canada is focusing to strengthen its military by procuring equipment from defence contractors which is further propelling the growth in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Military Truck Market Share Analysis
The military truck market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to military truck market.
The major players covered in the military truck market report are Oshkosh Corporation, General Dynamics Corporation, Rheinmetall AG, Textron Inc., Tata Motors, Krauss-Maffei Wegmann, Arquus, IVECO, Mitsubishi Heavy Industries, Hyundai Rotem, TATRA TRUCKS A.S, Ordnance Factory Board , Rba Automotive Holding PLC., The Kalyani Group and Daimler among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In August 2020, Tata Motors has announced that it will sell 600 rugged military trucks to Thai Royal Army.
In October 2019, Oshkosh Defence has bagged a contract amounting to approximately USD 160.00 million to provide a customised version of military armoured trucks. These trucks have superior armour protection and advanced navigation technologies. They are also very compact which provides them both flexibility and mobility and makes them a perfect contender to secure vehicles, weaponry or any other instruments required by the soldiers.
Customization Available : Global Military Truck Market
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