[Latest] Global Military Land Vehicles Market Size/Share Worth USD 34.6 Billion by 2033 at a 7.4% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Military Land Vehicles Market size & share revenue was valued at approximately USD 16.2 Billion in 2023 and is expected to reach USD 17.3 Billion in 2024 and is expected to reach around USD 34.6 Billion by 2033, at a CAGR of 7.4% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are General Dynamics Corporation, BAE Systems plc, Rheinmetall AG, ST Engineering Ltd., Iveco Defense Vehicles, Ashok Leyland Ltd., Leonardo S.p.A., Hanwha Defense, Tata Motors Limited, Oshkosh Corporation, Lockheed Martin Corporation, AM General LLC, Navistar International Corporation, Thales Group, Textron Inc, KMW + Nexter Defense Systems, Krauss-Maffei Wegmann GmbH, Rostec State Corporation, Hyundai Rotem Company & Others.

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Austin, TX, USA, June 27, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled Military Land Vehicles Market Size, Trends and Insights By Offering (Platform, Service), By Product Type (Infantry Fighting Vehicles, Armored Personnel Carriers, Main Battle Tanks, Light Multirole Vehicles, Tactical Trucks), By Application (Defense and Combat, Logistics and Transportation), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 in its research database.

“According to the latest research study, the demand of global Military Land Vehicles Market size & share was valued at approximately USD 16.2 Billion in 2023 and is expected to reach USD 17.3 Billion in 2024 and is expected to reach a value of around USD 34.6 Billion by 2033, at a compound annual growth rate (CAGR) of about 7.4% during the forecast period 2024 to 2033.”

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Military Land Vehicles Market: Overview

A wide range of automobiles created especially for military usage on land are referred to as military land vehicles. They are made to fit different surroundings and operating requirements, and they are available in a variety of sizes, forms, and combinations.

The trend in military land vehicles worldwide is toward increasingly sophisticated, adaptable, and multipurpose systems. Technological developments in automation, artificial intelligence, and electrification which provide increased mobility, firepower, and survivability are major forces behind this trend.

Modular designs and shared platforms are becoming more and more important to simplify logistics and cut expenses in a variety of operational situations. Furthermore, unmanned and autonomous capabilities which enable distant operations and lower people risk are receiving more attention.

Furthermore, the adoption of greener propulsion systems and materials is being driven by concerns about sustainability and the environment. Investments in next-generation armored vehicles, infantry combat vehicles, and logistical support vehicles have surged as a result of geopolitical tensions and shifting threat environments.

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By offering, the platform segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. To efficiently fulfill changing operational needs, military vehicle platforms are trending toward modular, multi-role designs that may include cutting-edge technology like electrification, autonomous systems, and improved protection.

By product type, the infantry fighting vehicles segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Infantry fighting vehicles (IFVs) have become modular, highly viable due to robust protection systems and cutting-edge armor, capable of integrating unmanned technologies, and more mobile in a variety of operating conditions.

By application, defense and combat segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Defense and warfare trends include a move toward network-centric warfare and digitalization, utilizing cutting-edge technology like artificial intelligence (AI), drones, cyber capabilities, and autonomous systems to improve military effectiveness and agility.

The growing emphasis on technical innovation to improve vehicle performance, survivability, and operational capabilities, which is driving modernization initiatives, is a noteworthy trend in the military land vehicles industry in North America.

Rheinmetall AG is a German automobile and arms manufacturer, located in Düsseldorf, Germany. The company provides turret systems, soldier systems and protection systems. It also offers C4I systems, unmanned vehicles and electro-optical products and systems. Rheinmetall also offers simulation and training services.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 17.3 Billion
Projected Market Size in 2033 USD 34.6 Billion
Market Size in 2023 USD 16.2 Billion
CAGR Growth Rate 7.4% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Offering, Product Type, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Military Land Vehicles report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

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(Please note that the sample of the Military Land Vehicles report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global Military Land Vehicles market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Military Land Vehicles industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

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Key questions answered in this report:

  • What is the size of the Military Land Vehicles market and what is its expected growth rate?
  • What are the primary driving factors that push the Military Land Vehicles market forward?
  • What are the Military Land Vehicles Industry's top companies?
  • What are the different categories that the Military Land Vehicles Market caters to?
  • What will be the fastest-growing segment or region?
  • In the value chain, what role do essential players play?
  • What is the procedure for getting a free copy of the Military Land Vehicles market sample report and company profiles?

Key Offerings:

  • Market Share, Size & Forecast by Revenue | 2024−2033
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
  • Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
  • Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Military Land Vehicles Market: Regional Analysis

By region, Military Land Vehicles market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Military Land Vehicles market in 2023 with a market share of 39.6% and is expected to keep its dominance during the forecast period 2024-2033.

The military land vehicles industry in North America is driven by several variables, including the development of technology, large defense expenditures, and tactical alliances between public and private sector firms.

With top defense companies always innovating to suit changing military requirements, the area has a robust industrial base. Furthermore, the enormous geographic breadth of North America demands a wide variety of land vehicles for a range of operational situations, from urban settings to rough terrain.

Moreover, expenditures in updating military fleets are motivated by persistent geopolitical tensions and security concerns, which sustain demand for tactical trucks, armored vehicles, and infantry combat vehicles. Initiatives that promote local military businesses and encourage domestic production and purchasing practices also increase domestic output.

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Browse the full Military Land Vehicles Market Size, Trends and Insights By Offering (Platform, Service), By Product Type (Infantry Fighting Vehicles, Armored Personnel Carriers, Main Battle Tanks, Light Multirole Vehicles, Tactical Trucks), By Application (Defense and Combat, Logistics and Transportation), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 Report at https://www.custommarketinsights.com/report/military-land-vehicles-market/


List of the prominent players in the Military Land Vehicles Market:

  • General Dynamics Corporation
  • BAE Systems plc
  • Rheinmetall AG
  • ST Engineering Ltd.
  • Iveco Defense Vehicles
  • Ashok Leyland Ltd.
  • Leonardo S.p.A.
  • Hanwha Defense
  • Tata Motors Limited
  • Oshkosh Corporation
  • Lockheed Martin Corporation
  • AM General LLC
  • Navistar International Corporation
  • Thales Group
  • Textron Inc.
  • KMW + Nexter Defense Systems
  • Krauss-Maffei Wegmann GmbH & Co. KG
  • Rostec State Corporation
  • Hyundai Rotem Company
  • China North Industries Group Corporation Limited
  • Others

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The Military Land Vehicles Market is segmented as follows:

By Offering

  • Platform
  • Service

By Product Type

  • Infantry Fighting Vehicles
  • Armored Personnel Carriers
  • Main Battle Tanks
  • Light Multirole Vehicles
  • Tactical Trucks

By Application

  • Defense and Combat
  • Logistics and Transportation

Click Here to Get a Free Sample Report of the Global Military Land Vehicles Market @ https://www.custommarketinsights.com/report/military-land-vehicles-market/

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

This Military Land Vehicles Market Research/Analysis Report Contains Answers to the following Questions.

  • Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Military Land Vehicles Market? What are Their Company Profile, Product Information, and Contact Information?
  • What Was the Global Market Status of the Military Land Vehicles Market? What Was the Capacity, Production Value, Cost and PROFIT of the Military Land Vehicles Market?
  • What Is the Current Market Status of the Military Land Vehicles Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Military Land Vehicles Market by Considering Applications and Types?
  • What Are Projections of the Global Military Land Vehicles Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
  • What Is Military Land Vehicles Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is the Economic Impact On Military Land Vehicles Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Military Land Vehicles Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Military Land Vehicles Industry?

Click Here to Access a Free Sample Report of the Global Military Land Vehicles Market @ https://www.custommarketinsights.com/report/military-land-vehicles-market/

Reasons to Purchase Military Land Vehicles Market Report

  • Military Land Vehicles Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
  • Military Land Vehicles Market report outlines market value (USD) data for each segment and sub-segment.
  • This report indicates the region and segment expected to witness the fastest growth and dominate the market.
  • Military Land Vehicles Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
  • The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
  • Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
  • The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
  • Military Land Vehicles Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

  • The study provides a thorough overview of the global Military Land Vehicles market. Compare your performance to that of the market as a whole.
  • Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

  • Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Military Land Vehicles market analysis.
  • The competitive environment of current and potential participants in the Military Land Vehicles market is covered in the report, as well as those companies' strategic product development ambitions.
  • According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
  • For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

  • Participants and stakeholders worldwide Military Land Vehicles market should find this report useful. The research will be useful to all market participants in the Military Land Vehicles industry.
  • Managers in the Military Land Vehicles sector are interested in publishing up-to-date and projected data about the worldwide Military Land Vehicles market.
  • Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Military Land Vehicles products' market trends.
  • Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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