Global Military Trucks Industry

Global Military Trucks Industry

  • April 2021 •
  • 375 pages •
  • Report ID: 6032230 •
  • Format: PDF
Abstract:
- Global Military Trucks Market to Reach 19.5 Thousand Units by 2027
- Amid the COVID-19 crisis, the global market for Military Trucks estimated at 15.6 Thousand Units in the year 2020, is projected to reach a revised size of 19.5 Thousand Units by 2027, growing at a CAGR of 3.3% over the analysis period 2020-2027. Heavy, one of the segments analyzed in the report, is projected to record a 3.6% CAGR and reach 8.1 Thousand Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Light segment is readjusted to a revised 3.2% CAGR for the next 7-year period.
- The U.S. Market is Estimated at 4.2 Thousand Units, While China is Forecast to Grow at 5.2% CAGR
- The Military Trucks market in the U.S. is estimated at 4.2 Thousand Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 3.8 Thousand Units by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.
- Medium Segment to Record 2.8% CAGR
- In the global Medium segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 3.2 Thousand Units in the year 2020 will reach a projected size of 3.8 Thousand Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 2.5 Thousand Units by the year 2027, while Latin America will expand at a 2.9% CAGR through the analysis period.

- Select Competitors (Total 42 Featured) -
  • Arquus
  • General Dynamics
  • Iveco S.p.A.
  • Krauss-Maffei Wegmann
  • Mercedes-Benz AG
  • Mitsubishi Heavy Industries
  • Oshkosh Corporation, Inc.
  • Rheinmetall AG
  • Tata Motors
  • Tatra Trucks A.S.
  • Textron Inc.