Press release
Global Tanks Market Size, Growth, Emerging Trends, Business Opportunities 2032 | Oshkosh Defense LLC., General Dynamics Corporation, BAE Systems PLC., Textron Inc., Navistar International Corporation
Tanks Market
As per the Tanks market report by The Business Research Company, The increase in the defense budget for the military is expected to drive the growth of the tank market. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion.
The global tanks market size will grow from $2.04 billion in 2022 to $2.21 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tanks market size is expected to grow to $2.76 billion in 2027 at a CAGR of 5.7%.
Read More On The Tanks Market Report Here:
https://www.thebusinessresearchcompany.com/report/tanks-global-market-report
Major competitors in the Tanks market include Oshkosh Defense LLC., General Dynamics Corporation, BAE Systems PLC., Textron Inc., Navistar International Corporation, Norinco Private Limited, Rheinmetall AG, Ukroboronprom, UralVagonZavod, Hyundai Rotem, Nexter Systems, Krauss-Maffei Wegmann GmbH And Co. KG, IVECo., Elbit Systems, INKAS Armored Vehicle Manufacturing, and International Armored Group.
The Tanks market is segmented -
• By Type: Light, Medium, Heavy
• By Application: Patrolling, Fighting
• By Technology: Active Mine System, Active Protection System, Modular Ballistic Armor, Situational Awareness System, Inter Operable Communication, Vehicle information Integration, Electric Armor. Asia-Pacific was the largest region in the tanks market in 2022
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A tank is an armored fighting vehicle that is equipped with heavy firepower and strong armor designed for front-line combat. Tanks include a balance of heavy firepower, strong armor, and improved battlefield mobility with a powerful engine.
The main types of tanks are light, medium, and heavy. The various technologies deployed in tanks include an active mine system, an active protection system, modular ballistic armor, situational awareness system, interoperable communication, vehicle information integration, and electric armor that are used for patrolling and fighting.
The Table Of Content For The Tanks Market Include:
1. Executive Summary
2. Tanks Market Characteristics
3. Tanks Market Trends And Strategies
4. Tanks Market - Macro Economic Scenario
5. Tanks Market Size And Growth
……
26. Africa Tanks Market
27. Tanks Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tanks Market
29. Tanks Market Future Outlook and Potential Analysis
30. Appendix
The "Global Tanks Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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