Press release
Fortified Future : Armored Vehicles Market Propels Toward a $21.97 Billion Milestone by 2026
Armored Vehicles Market
โก๏ธ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/6211
An increase in demand for armored vehicles due to militarization of law enforcement agencies and surge in demand for bulletproof vehicles have boosted the growth of the global armored vehicles market. On the contrary, reduction in the national defense budget hinders the market growth. However, the adoption of unmanned combat vehicles and the production of modular armored vehicles would unlock lucrative opportunities in the coming years.
The global armored vehicle market is segmented on the basis of application, drive type, vehicle type, and geography. Based on the application, the market is divided into defense and commercial. The commercial segment is expected to manifest the fastest CAGR of 5.4% through 2026. However, the defense segment dominated in 2018, contributing more than four-fifths of the total revenue.
On the basis of drive type, the market is categorized into wheel and track. The wheel segment is expected to portray the largest CAGR of 4.6% during the study period and held the largest share in 2018. The segment contributed to more than three-fourths of the market.
โก๏ธ๐๐๐๐๐๐๐๐ ๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐ - https://www.alliedmarketresearch.com/armored-vehicles-market/purchase-options
The global armored vehicle market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Europe is anticipated to register the fastest CAGR of 5.0% from 2018 to 2026. Moreover, the market across Europe held the lion's share in 2018, contributing to more than one-third of the market.
๐๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐ฆ๐จ๐ซ๐๐ ๐ฏ๐๐ก๐ข๐๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐๐ฌ
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,
โก๏ธ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/6211
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐จ๐ ๐๐ก๐ ๐๐ซ๐ฆ๐จ๐ซ๐๐ ๐๐๐ก๐ข๐๐ฅ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
โ๏ธBased on application, the commercial segment is anticipated to grow at a lucrative growth rate.
โ๏ธBased on drive type, the wheel segment was the highest revenue contributor in 2018.
โ๏ธBased on region, Europe is anticipated to exhibit the highest CAGR during the forecast period of armored vehicle industry.
โ๏ธBased on region, Europe contributed the highest market revenue in 2018, and is anticipated to maintain its lead during the armored vehicles market forecast period.
๐๐๐ฅ๐๐ญ๐๐ ๐๐ข๐ง๐ค๐ฌ
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