openPR Logo
Press release

Armored Vehicles Market 2030 Key Business Strategies by Top 50 Companies in the World

04-09-2020 07:40 PM CET | Logistics & Transport

Press release from: Allied Market Research

Armored Vehicles Market 2030 Key Business Strategies by Top 50

Increase in demand for armored vehicles due to militarization of law enforcement agencies and rise in demand for bulletproof vehicles are expected to propel the growth of the global armored vehicles market.

Rise in demand for armored vehicles owing to the militarization of law enforcement agencies and increase in demand for bulletproof vehicles drive the growth of the global armored vehicles market. However, decrease in national defense budgets hampers the market growth. On the contrary, adoption of unmanned combat vehicles and production of modular armored vehicles are expected to create lucrative opportunities in the near future.

Request for Report Sample: https://www.alliedmarketresearch.com/request-sample/6211

Allied Market Research recently published a report, titled, "Armored Vehicles Market by Application (Defense and Commercial), Drive Type (Wheel and Track), and Vehicle Type (Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Limousine, Sedan, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026". According to the report, the global armored vehicles industry was pegged at $15.96 billion in 2018 and is expected to reach $21.97 billion by 2026, registering a CAGR of 4.2% from 2019 to 2026.

The defense segment dominated the market

The defense segment held the largest share in 2018, contributing to more than four-fifths of the global armored vehicles market, as these vehicles offer defense forces with combat, reconnaissance, and transportation of troops on the battlefield. However, the commercial segment is projected to register the fastest CAGR of 5.4% during the forecast period. Commercial armored vehicles are typically designed with a high degree of security and are bulletproof as well as can withstand a high degree of heat, which in turn, makes it the fastest-growing segment.

Request for Customization: https://www.alliedmarketresearch.com/request-for-customization/6211

The wheel segment held the largest share

The wheel segment dominated the market in 2018, accounting for more than three-fourths of the global armored vehicles market. Moreover, the segment is expected to manifest the fastest CAGR of 4.6% during the forecast period, as it serves the advantages over tracked vehicles with improved performance, low maintenance cost, and better fuel economy. The report includes an in-depth analysis of the track segment as well.

Europe, followed by North America, to register the fastest growth

The global armored vehicles market across Europe held the largest share in 2018, accounting for more than one-third of the market, owing to an increase in demand for bulletproof vehicles and militarization of law enforcement agencies. The region is also expected to register the fastest CAGR of 5.0% during the forecast period. Moreover, the market across North America is projected to register a CAGR of 4.1% during the study period.

Schedule a Call with Our Analysts/Industry Experts: https://www.alliedmarketresearch.com/connect-to-analyst/6211

Major market players

Oshkosh Defense, LLC
BAE Systems
Rheinmetall AG
General Dynamics Corporation
International Armored Group
Krauss-Maffei Wegmann GmbH & Co. (KMW)
Lenco Industries, Inc.
Lockheed Martin Corporation
STREIT Group
INKAS Armored Vehicle Manufacturing

Press Release: Armored Vehicles Market to Garner $21.97 Bn, Globally, by 2026 at 4.2% CAGR, Says Allied Market Research | https://www.prnewswire.com/news-releases/armored-vehicles-market-to-garner-21-97-bn-globally-by-2026-at-4-2-cagr-says-allied-market-research-300986586.html

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Armored Vehicles Market 2030 Key Business Strategies by Top 50 Companies in the World here

News-ID: 2005924 • Views: 246

More Releases from Allied Market Research

Diphtheria, Tetanus, and Pertussis (DTP) Vaccine Market Expected to Reach $7.05 …
According to a new report published by Allied Market Research, titled, “Diphtheria, Tetanus, and Pertussis (DTP) Vaccine Market by Product, Age Group, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global Diphtheria, Tetanus, and Pertussis Vaccine market was valued at $ 4,758.8 million in 2019 and is expected to reach $ 7,054.4 million by 2027, with a CAGR of 5.1% from 2020-2027. The DTaP segment accounted for major
Burn Care Market Expected to Reach $3,134 Million by 2027
According to a new report published by Allied Market Research, titled, “Burn care Market by Product, Depth of Burn, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global burn care market size was valued at $1,992 million in 2019, and is projected to reach $3,134 million by 2027, growing at a CAGR of 5.6% from 2020 to 2027. Click Here To Access Free Sample Report: https://www.alliedmarketresearch.com/request-sample/4395 Burns are injuries
Drug Delivery Devices Market projected to Cross $26.7 Billion by 2026
Drug Delivery Devices Market size was valued at $19 billion in 2018, and is expected to reach $26.7 billion by 2026, registering a CAGR of 4.3% from 2019 to 2026. Drugs are used to improve health and to extend lives. However, the medications can be taken in various ways, including by swallowing, by absorption, by inhalation, through the skin, and by intravenous injection. For this, the drug delivery devices are developed,
Pharmaceutical Filtration Market on Position to Hit $7.74 Billion by 2026
Pharmaceutical filtration is defined as a filtration process to separate suspended particles from a medium or solution by passing them through a membrane. They reduce or eliminate the bacteria or other microorganisms in process components. The filtration process can be combined with other pharmaceutical manufacturing operations. Pharmaceutical filters are used in the production of small molecule ingredients such as active pharmaceutical ingredients (APIs) and pharmaceutical excipients. In addition, it is

All 5 Releases


More Releases for Armored

Military Armored Vehicles and Tanks Manufacturing Market Develop Business Strate …
"The Latest Research Report Military Armored Vehicles and Tanks Manufacturing: Global Markets to 2022 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" Global military armored vehicles and tanks market is registering strong growth due to rapid economic growth in emerging market such as China and India, rising military tensions, terrorism and political instability in many countries in the Middle-East and Africa. At
Global Armored Cars Market 2017 - INKAS, The Raytheon Company, INKAS Armored Veh …
In its approaching report Armored Cars market covers detailed analysis on market trends, Market Drivers, market opportunities and other necessary details on the product. Besides, Armored Cars market research report indemnifies threats, Armored Cars market share size, revenue as well as Armored Cars market growth. The industry report has been divided on the basis of drug, and region. The Armored Cars market was valued at US$ XX billion in the
U.S. Military Armored Vehicle Market Analysis 2017 - Forecast to 2025
IndexBox has just published a new report "U.S. Military Armored Vehicle, Tank, And Tank Component Market. Analysis And Forecast to 2025" ( http://www.indexbox.co.uk/store/us-military-armored-vehicle-tank-and-tank-component-market-analysis-and-forecast-to-2020?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market before
Armored Vehicle Market | Industry Outlook and Forecast up to 2023
The innovation and technology-driven for Armored Vehicles Market features a select few vendors that mostly take up contracts from government and commercial bodies, with the defense sector being the key determinant of the market’s overall development, finds a new research report by TMR. Most of the market’s leading and most reputed vendors are headquartered in North America and Europe, making these regions the frontrunners and leading regional segments. The demand for
Armored Cable Market 2017- LS Cable, ABB, Southwire, Anixter, Atkore
Apex Research, recently published a detailed market research study focused on the "Armored Cable Market" across the global, regional and country level. The report provides 360° analysis of "Armored Cable Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Armored Cable industry, and estimates the future trend of Armored Cable market on
Armored Vehicles Upgrade and Retrofit Market 2021: Comprehensive Research Study
Market Research Future published a Cooked research report on “Global Armored Vehicles Upgrade And Retrofit Market Research Report- Forecast to 2021” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021. Global Armored Vehicles Upgrade and Retrofit Market by Vehicle Types (Armored Personnel Carrier, Main Battle Tank, Mine Resistant Ambush Protected, and others (Tactical Truck, IFV, LMV), and by Geography- Forecast To 2021 Market Synopsis of armored Vehicles Upgrade and