Military Truck Market Is Thriving Worldwide with General Dynamics Corporation; Rheinmetall AG; Textron Inc.; Tata Motors; Krauss-Maffei Wegmann; Arquus

This Global Military Truck Market research report delivers a comprehensive analysis of the market structure along with the estimations of the various segments and sub-segments of the market. It offers key measurements, status of the manufacturers and is a major source of direction for the businesses and organizations. Another major part of this Military Truck Market report is the competitive landscape which gives a clear insight into the market share analysis and actions of key industry players. SWOT analysis and Porter’s Five Forces analysis are the two consistently and promisingly used tools for generating this report.

Global military truck market is set to witness steady CAGR of 3.15% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing customization of trucks & technology and electrically powered military trucks are the factor for the market growth. Few of the major competitors currently working in the global military truck market are Oshkosh Defense, LLC; General Dynamics Corporation; Rheinmetall AG; Textron Inc.; Tata Motors; Krauss-Maffei Wegmann; Arquus; IVECO DEFENCE VEHICLES – A CNH INDUSTRIAL COMPANY; MITSUBISHI HEAVY INDUSTRIES, LTD.; TATRA TRUCKS A.S.; Daimler AG; Ashok Leyland; Hanwha Group.; Nexter group KNDS; BAE Systems; MWTP; Rába Automotive Holding Plc; AM General LLC; IMI Systems Ltd.; among others.

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Global Military Truck Market By Application (Cargo/Logistics Carrier, Troop Carrier, Utility), Truck Type (Light Truck, Medium Truck, Heavy Truck), Axle Configurations (4X4, 6X6, 8X8, Others), Propulsion Type (Electric/Hybrid, Gasoline, Diesel), Transmission Type (Automatic Transmission, Semi- Automatic Transmission, Manual Transmission), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Definition: 

Military trucks are those trucks which are specially designed so that they can be used by the military forces. They have the ability to carry soldiers, fuel and military supplies through paved roads and dirt roads to the battlefield. Such trucks consist of a chassis, a transmission, an engine, a load, a cabin, and equipment positioning area, suspensions, transmission axles, path, tires, electrical, braking systems, motor cooling and pneumatic, hydraulic. These trucks can be operated by both gasoline and diesel engine.

Market Drivers:

  • Increasing demand for multipurpose solution for transportation is the factor for the market growth
  • Rising focus on military equipment also accelerates the growth of the market
  • Growing military troops and cargo acts as a market driver
  • Rising defence budget is another factor which is contributing in the market growth in the forecast period

Market Restraints:

  • Increasing usage of robots in military will hamper the market growth
  • The fluctuations in the prices of raw materials is another factor restricting the market growth in the forecast period

Table of Content: Global Military Truck Market

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Military Truck Market Landscape

Part 04: Global Military Truck Market Sizing

Part 05: Global Military Truck Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Segmentation: Global Military Truck Market

By Application

  • Cargo/Logistics Carrier
  • Troop Carrier
  • Utility

By Truck Type

  • Light Truck
  • Medium Truck
  • Heavy Truck

By Axle Configurations

  • 4X4
  • 6X6
  • 8X8
  • Others

By Propulsion Type

  • Electric/Hybrid
  • Gasoline
  • Diesel

By Transmission Type

  • Automatic Transmission
  • Semi- Automatic Transmission
  • Manual Transmission

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

Key Developments in the Market:

  • In July 2019, BAE Systems and Rheinmetall announced the launch of their new combat vehicles joint venture called Rheinmetall BAE Systems Land. Originally, the combined company will design and manufacture vehicles mainly for the UK, including the British Army’s new Military Infantry Vehicle (MIV) Boxer, and aims to participate in a Challenger tank upgrade competition. This will also help them to provide better vehicles to the military vehicle market
  • In May 2019, Chinese militray truck announced the launch of their killer drones like artilerry. Chinese-language army truck that can drive into combat, armored to the teeth with 12 drones flipping the off-road car right into a total destruction mother ship.The truck is fitted with 4 launch tubes for tracking drones and 8 for explosive kamikaze drones, complete with 4 kilos of explosives that can reach 110 mph. This launch will help the China to change the nature of drone warfare by allowing them to identify and destroy targets easily hence creating better avenues in the military truck market

Competitive Analysis:

Global military truck market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of military truck market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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