The global armoured vehicle market size was valued at USD 17.1 billion in 2023 and is poised to grow at a significant CAGR of 7.2% during the forecast period 2024-2030. It also includes market size and projection estimations for each of the five major regions from 2023 to 2029. The research report includes historical data, trending features, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further split by nations and categories within each region. The research also includes factors and barriers to the armoured vehicle market growth, as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
The global armoured vehicle market segmentation:
1. By Vehicle Type: Armored Personnel Carriers, Armored Amphibious Vehicles, Light Protected Vehicles, Infantry Fighting Vehicles, Buses and Coaches, Main Battle Tank, Mine-Resistant Ambush Protected, Tactical Vehicle, SUVs, and Others.
2. By Technology: Active, and Passive.
3. By Mobility: Wheeled Armored Vehicle and Track Armored Vehicle.
4. By End User: Defence, Commercials, and Others.
The armoured vehicle market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a novel product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a novel product or service. It also enlightens further advancement, so it suits its intended market.
The armoured vehicle market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the armoured vehicle market report, accounting for the highest share in 2021. It was followed by North America, and then the other regions.
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The important profiles and strategies adopted by armoured vehicle market key players are BAE Systems BMW AG Daimler AG (Mercedes Benz) General Dynamics Corporation Elbit Systems International Armored Group Ford Motor Company INKAS Armored Vehicle Manufacturing Rheinmetall AG IVECO Krauss-Maffei Wegmann GmbH & Co. (KMW) Lenco Industries, Inc. Navistar, Inc. Oshkosh Defense, LLC Lockheed Martin Corporation STAT, Inc, covered here to help them in strengthening their place in the market.
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