8×8 Armored Vehicle Market to Reach US$ 7.35 Billion by 2031, Driven by Medium-Force Modernization, Modular Platforms

Market Summary -

The global 8×8 Armored Vehicle market was valued at US$ 4,841 million in 2024 and is projected to reach US$ 7,345 million by 2031, expanding at a steady CAGR of 6.0% during the forecast period 2025-2031.

According to QY Research, the newly released report titled "8×8 Armored Vehicle Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" provides a comprehensive, data-driven assessment of this critical segment of modern land systems. The study analyzes global production and revenue trends, competitive rankings, technology evolution, and regional demand to support strategic planning for defense OEMs, system integrators, and procurement agencies.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://qyresearch.in/request-sample/machinery-equipment-global-8x8-armored-vehicle-market-insights-industry-share-sales-projections-and-demand-outlook-2025-2031

Platform Overview and Operational Value -

An 8×8 armored vehicle-an eight-wheel-drive wheeled armored combat platform-has become a core asset of modern medium combined-arms forces due to its superior load capacity, off-road mobility, stability, and deployment efficiency. In 2024, global production reached ~2,300 units, with an average unit price of ~US$ 2.1 million.

Compared with tracked vehicles, 8×8 platforms offer higher road speed, longer range, and improved strategic mobility (including air transport and long-range deployment). Compared with 4×4 or 6×6 wheeled vehicles, they deliver greater internal volume, armor growth margin, and weapon payload. Thanks to modular architectures, a single chassis can be rapidly configured into infantry fighting vehicles (IFV), armored personnel carriers (APC), mobile artillery, air-defense platforms, command vehicles, ambulances, and recovery variants. Representative systems include the Stryker, ZBL-08, Boxer, and VBCI.

Market Drivers and Use Cases -

The market is expanding as militaries prioritize mobility, protection, and information superiority in asymmetric and urban operations. 8×8 vehicles are widely deployed for troop transport, fire support, reconnaissance, peacekeeping, and rapid response, effectively bridging the gap between heavy tracked armor and light tactical vehicles.

Key demand drivers include:

Rising defense budgets and equipment recapitalization cycles

Regional security challenges and expeditionary requirements

Medium-force concepts emphasizing speed, flexibility, and survivability

Systems integration (sensors, networks, remote weapons) enhancing combat effectiveness

Technology Trends: Modularity, Intelligence, Protection, Green Power -
Market evolution is anchored around four pillars:

Modular Platforms - Common chassis and mission modules enable fast role conversion, improving lifecycle economics and operational readiness.

Intelligent Combat - Deep integration of C4ISR, situational awareness, active protection systems (APS), and remote weapon stations transforms vehicles into networked combat nodes.

High Protection - Advances in composite armor, blast-resistant hulls, and APS address threats from IEDs, anti-tank weapons, and drones.

Green Propulsion - Exploration of hybrid/electric and low-signature powertrains supports quieter operations, improved logistics efficiency, and lower lifecycle costs.

Constraints and Risk Factors -
Despite strong momentum, the market faces constraints including high R&D and procurement costs, which can favor lighter or lower-cost platforms in some budgets. Export controls, supply-chain dependencies for critical subsystems, and long procurement cycles also introduce variability to market timing.

Regional Outlook -

North America & Europe remain core markets, driven by next-generation programs, mid-life upgrades, and digital modernization.

Asia Pacific is the fastest-growing region, supported by border security needs, regional tensions, and localization policies in China, India, Japan, South Korea, and Southeast Asia.

Middle East demand remains strong for highly protected, multi-mission platforms amid complex security environments.

Latin America & Africa are smaller today but offer opportunities via cost-effective procurements, peacekeeping missions, and international assistance programs.

Competitive Landscape -

Competition centers on platform performance, protection levels, systems integration, and global support. Key companies profiled include:

► General Dynamics
► BAE Systems
► Rheinmetall
► Oshkosh
► China North Industrial
► Nexter Systems
► Hyundai Rotem
► FNSS
► Iveco Defence Vehicles
► ST Engineering
► Otokar
► BMC
► NIMR Automotive
► Thales Group
► Textron
► Mahindra
(and other global and regional suppliers)

The report details company market share, rankings, product portfolios, and strategic initiatives.

Market Scope and Coverage -
The report presents a holistic view of the 8×8 Armored Vehicle market, combining quantitative and qualitative analysis. Market sizing and forecasts are provided in units and US$ millions, with 2024 as the base year, historical data from 2020-2024, and forecasts through 2031. Coverage includes segmentation by type, application, company, region, and country, alongside technology trends and new product developments.

Market Segmentation Highlights -

By Type:

► Infantry Fighting Vehicle
► Armored Personnel Carrier
► Armored Reconnaissance Vehicle
► Other

By Application:

► Transportation
► Tactical Combat

Reasons to Procure This Report -

► Accurate global and regional forecasts (2020-2031)
► Clear view of competitive rankings and industry concentration
► Insight into modularity, APS, and digital battlefield trends
► Identification of high-growth regions and mission profiles
► Support for procurement planning, partnerships, and market entry

Key Questions Answered -

► What is the current and future size of the global 8×8 armored vehicle market?
► Which regions and missions are driving demand growth?
► How are modularity and intelligent systems reshaping platforms?
► Who are the leading OEMs, and how competitive is the market?
► What risks and constraints could affect program timelines?

Request for Pre-Order / Enquiry Link: https://qyresearch.in/pre-order-inquiry/machinery-equipment-global-8x8-armored-vehicle-market-insights-industry-share-sales-projections-and-demand-outlook-2025-2031

Table of Contents - Major Key Points:

1 8X8 Armored Vehicle Market Overview
1.1 Product Definition
1.2 8X8 Armored Vehicle by Type
1.2.1 Global 8X8 Armored Vehicle Market Value by Type (2020-2031)
1.2.2 Infantry Fighting Vehicle
1.2.3 Armored Personnel Carrier
1.2.4 Armored Reconnaissance Vehicle
1.2.5 Other
1.3 8X8 Armored Vehicle by Application
1.3.1 Global 8X8 Armored Vehicle Market Value by Application 2020-2031)
1.3.2 Transportation
1.3.3 Tactical Combat
1.4 Global Market Growth Prospects
1.4.1 Global 8X8 Armored Vehicle Revenue (2020-2031)
1.4.2 Global 8X8 Armored Vehicle Sales (2020-2031)
1.4.3 Global 8X8 Armored Vehicle Market Average Price (2020-2031)
1.5 Assumptions and Limitations
1.6 Study Objectives
1.7 Years Considered
2 Key Insights
2.1 Key Emerging Trends
2.2 Key Developments - Mergers Acquisitions, New Product Launches, Collaborations, Partnerships and Joint Ventures
2.3 Latest Technological Advancements
2.4 Insights on Regulatory Scenarios
2.5 Porters Five Forces Analysis
3 Manufacturers Competitive Analysis
3.1 Global 8X8 Armored Vehicle Revenue by Manufacturer (2020-2025)
3.2 Global 8X8 Armored Vehicle Sales by Manufacturer (2020-2025)
3.3 Global 8X8 Armored Vehicle Average Price by Manufacturer (2020-2025)
3.4 8X8 Armored Vehicle Company Evaluation Quadrant
3.5 Industry Rank
3.5.1 Global Key Players of 8X8 Armored Vehicle, Industry Ranking, 2023 VS 2024
3.5.2 Global 8X8 Armored Vehicle Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5.3 Global 8X8 Armored Vehicle Market Concentration Rate
3.5.4 Global 5 and 10 Largest 8X8 Armored Vehicle Players Market Share by Revenue
3.6 8X8 Armored Vehicle Market: Overall Company Footprint Analysis
3.6.1 8X8 Armored Vehicle Market: Region Footprint
3.6.2 8X8 Armored Vehicle Market: Company Product Type Footprint
3.6.3 8X8 Armored Vehicle Market: Company Product Application Footprint
3.6.4 Global Key Manufacturers of 8X8 Armored Vehicle, Date of Enter into This Industry
3.7 Competitive Environment
3.7.1 Historical Structure of the Industry
3.7.2 Barriers of Market Entry
3.7.3 Factors of Competition
4 Manufacturers Profiles
4.1 General Dynamics
4.1.1 General Dynamics 8X8 Armored Vehicle Details
4.1.2 General Dynamics 8X8 Armored Vehicle Product and Services
4.1.3 General Dynamics 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.1.4 General Dynamics Major Business
4.1.5 General Dynamics Recent Developments/Updates
4.2 BAE Systems
4.2.1 BAE Systems 8X8 Armored Vehicle Details
4.2.2 BAE Systems 8X8 Armored Vehicle Product and Services
4.2.3 BAE Systems 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.2.4 BAE Systems Major Business
4.2.5 BAE Systems Recent Developments/Updates
4.3 Oshkosh
4.3.1 Oshkosh 8X8 Armored Vehicle Details
4.3.2 Oshkosh 8X8 Armored Vehicle Product and Services
4.3.3 Oshkosh 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.3.4 Oshkosh Major Business
4.3.5 Oshkosh Recent Developments/Updates
4.4 Rheinmetall
4.4.1 Rheinmetall 8X8 Armored Vehicle Details
4.4.2 Rheinmetall 8X8 Armored Vehicle Product and Services
4.4.3 Rheinmetall 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.4.4 Rheinmetall Major Business
4.4.5 Rheinmetall Recent Developments/Updates
4.5 China North Industrial
4.5.1 China North Industrial 8X8 Armored Vehicle Details
4.5.2 China North Industrial 8X8 Armored Vehicle Product and Services
4.5.3 China North Industrial 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.5.4 China North Industrial Major Business
4.5.5 China North Industrial Recent Developments/Updates
4.6 Nexter Systems
4.6.1 Nexter Systems 8X8 Armored Vehicle Details
4.6.2 Nexter Systems 8X8 Armored Vehicle Product and Services
4.6.3 Nexter Systems 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.6.4 Nexter Systems Major Business
4.6.5 Nexter Systems Recent Developments/Updates
4.7 Hyundai Rotem
4.7.1 Hyundai Rotem 8X8 Armored Vehicle Details
4.7.2 Hyundai Rotem 8X8 Armored Vehicle Product and Services
4.7.3 Hyundai Rotem 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.7.4 Hyundai Rotem Major Business
4.7.5 Hyundai Rotem Recent Developments/Updates
4.8 FNSS
4.8.1 FNSS 8X8 Armored Vehicle Details
4.8.2 FNSS 8X8 Armored Vehicle Product and Services
4.8.3 FNSS 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.8.4 FNSS Major Business
4.8.5 FNSS Recent Developments/Updates
4.9 Uralvagonzavod
4.9.1 Uralvagonzavod 8X8 Armored Vehicle Details
4.9.2 Uralvagonzavod 8X8 Armored Vehicle Product and Services
4.9.3 Uralvagonzavod 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.9.4 Uralvagonzavod Major Business
4.9.5 Uralvagonzavod Recent Developments/Updates
4.10 STREIT Group
4.10.1 STREIT Group 8X8 Armored Vehicle Details
4.10.2 STREIT Group 8X8 Armored Vehicle Product and Services
4.10.3 STREIT Group 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.10.4 STREIT Group Major Business
4.10.5 STREIT Group Recent Developments/Updates
4.11 Thales Group
4.11.1 Thales Group 8X8 Armored Vehicle Details
4.11.2 Thales Group 8X8 Armored Vehicle Product and Services
4.11.3 Thales Group 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.11.4 Thales Group Major Business
4.11.5 Thales Group Recent Developments/Updates
4.12 Textron
4.12.1 Textron 8X8 Armored Vehicle Details
4.12.2 Textron 8X8 Armored Vehicle Product and Services
4.12.3 Textron 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.12.4 Textron Major Business
4.12.5 Textron Recent Developments/Updates
4.13 Iveco Defence Vehicles
4.13.1 Iveco Defence Vehicles 8X8 Armored Vehicle Details
4.13.2 Iveco Defence Vehicles 8X8 Armored Vehicle Product and Services
4.13.3 Iveco Defence Vehicles 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.13.4 Iveco Defence Vehicles Major Business
4.13.5 Iveco Defence Vehicles Recent Developments/Updates
4.14 ST Engineering
4.14.1 ST Engineering 8X8 Armored Vehicle Details
4.14.2 ST Engineering 8X8 Armored Vehicle Product and Services
4.14.3 ST Engineering 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.14.4 ST Engineering Major Business
4.14.5 ST Engineering Recent Developments/Updates
4.15 BMC
4.15.1 BMC 8X8 Armored Vehicle Details
4.15.2 BMC 8X8 Armored Vehicle Product and Services
4.15.3 BMC 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.15.4 BMC Major Business
4.15.5 BMC Recent Developments/Updates
4.16 Otokar
4.16.1 Otokar 8X8 Armored Vehicle Details
4.16.2 Otokar 8X8 Armored Vehicle Product and Services
4.16.3 Otokar 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.16.4 Otokar Major Business
4.16.5 Otokar Recent Developments/Updates
4.17 NIMR Automotive
4.17.1 NIMR Automotive 8X8 Armored Vehicle Details
4.17.2 NIMR Automotive 8X8 Armored Vehicle Product and Services
4.17.3 NIMR Automotive 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.17.4 NIMR Automotive Major Business
4.17.5 NIMR Automotive Recent Developments/Updates
4.18 Mahindra
4.18.1 Mahindra 8X8 Armored Vehicle Details
4.18.2 Mahindra 8X8 Armored Vehicle Product and Services
4.18.3 Mahindra 8X8 Armored Vehicle Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
4.18.4 Mahindra Major Business
4.18.5 Mahindra Recent Developments/Updates
5 Consumption Analysis by Region
5.1 Global 8X8 Armored Vehicle Market Size by Region
5.1.1 Global 8X8 Armored Vehicle Consumption Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global 8X8 Armored Vehicle Consumption Value by Region (2020-2025)
5.1.3 Global 8X8 Armored Vehicle Consumption Value by Region (2026-2031)
5.1.4 Global 8X8 Armored Vehicle Consumption Value Market Share by Region (2020-2031)
5.2 Global 8X8 Armored Vehicle Sales Quantity by Region
5.2.1 Global 8X8 Armored Vehicle Sales Quantity by Region: 2020 VS 2024 VS 2031
5.2.2 Global 8X8 Armored Vehicle Sales Quantity by Region (2020-2025)
5.2.3 Global 8X8 Armored Vehicle Sales Quantity by Region (2026-2031)
5.2.4 Global 8X8 Armored Vehicle Sales Quantity Market Share by Region (2020-2031)
5.3 Global 8X8 Armored Vehicle Average Price by Region
5.4 North America 8X8 Armored Vehicle Consumption Value (2020-2031)
5.5 Europe 8X8 Armored Vehicle Consumption Value (2020-2031)
5.6 Asia-Pacific 8X8 Armored Vehicle Consumption Value (2020-2031)
5.7 South America 8X8 Armored Vehicle Consumption Value (2020-2031)
5.8 Middle East & Africa 8X8 Armored Vehicle Consumption Value (2020-2031)
6 Market Scenario by Region & Country
6.1 Global 8X8 Armored Vehicle Consumption Value by Region & Country: 2020 Versus 2024 Versus 2031
6.2 Global 8X8 Armored Vehicle Consumption Value by Region & Country (2020-2031)
6.3 Global 8X8 Armored Vehicle Sales Quantity by Region & Country (2020-2031)
6.4 Global 8X8 Armored Vehicle Average Price by Region & Country (2020-2031)
6.5 North America 8X8 Armored Vehicle Market Facts & Figures by Country
6.5.1 North America 8X8 Armored Vehicle Consumption Value by Country: 2020 VS 2024 VS 2031
6.5.2 North America 8X8 Armored Vehicle Sales Quantity by Country (2020-2031)
6.5.3 North America 8X8 Armored Vehicle Consumption Value by Country (2020-2031)
6.5.4 United States
6.5.5 Canada
6.6 Europe 8X8 Armored Vehicle Market Facts & Figures by Country
6.6.1 Europe 8X8 Armored Vehicle Consumption Value by Country: 2020 VS 2024 VS 2031
6.6.2 Europe 8X8 Armored Vehicle Sales Quantity by Country (2020-2031)
6.6.3 Europe 8X8 Armored Vehicle Consumption Value by Country (2020-2031)
6.6.4 Germany
6.6.5 France
6.6.6 U.K.
6.6.7 Italy
6.6.8 Russia
6.7 Asia Pacific 8X8 Armored Vehicle Market Facts & Figures by Region
6.7.1 Asia Pacific 8X8 Armored Vehicle Market Size by Region: 2020 VS 2024 VS 2031
6.7.2 Asia Pacific 8X8 Armored Vehicle Sales Quantity by Region (2020-2031)
6.7.3 Asia Pacific 8X8 Armored Vehicle Consumption Value by Region (2020-2031)
6.7.4 China
6.7.5 Japan
6.7.6 South Korea
6.7.7 India
6.7.8 Australia
6.7.9 China Taiwan
6.7.10 Indonesia
6.7.11 Thailand
6.7.12 Malaysia
6.8 South America 8X8 Armored Vehicle Market Facts & Figures by Country
6.8.1 South America 8X8 Armored Vehicle Market Size by Country: 2020 VS 2024 VS 2031
6.8.2 South America 8X8 Armored Vehicle Sales Quantity by Country (2020-2031)
6.8.3 South America 8X8 Armored Vehicle Consumption Value by Country
6.8.4 Mexico
6.8.5 Brazil
6.8.6 Argentina
6.9 Middle East and Africa 8X8 Armored Vehicle Market Facts & Figures by Country
6.9.1 Middle East and Africa 8X8 Armored Vehicle Market Size by Country: 2020 VS 2024 VS 2031
6.9.2 Middle East and Africa 8X8 Armored Vehicle Sales Quantity by Country (2020-2031)
6.9.3 Middle East and Africa 8X8 Armored Vehicle Consumption Value by Country
6.9.4 Turkey
6.9.5 Saudi Arabia
6.9.6 UAE
7 Segment by Type
7.1 Global 8X8 Armored Vehicle Sales Quantity by Type (2020-2031)
7.1.1 Global 8X8 Armored Vehicle Sales Quantity by Type (2020-2025)
7.1.2 Global 8X8 Armored Vehicle Sales Quantity by Type (2026-2031)
7.1.3 Global 8X8 Armored Vehicle Sales Quantity Market Share by Type (2020-2031)
7.2 Global 8X8 Armored Vehicle Revenue by Type (2020-2031)
7.2.1 Global 8X8 Armored Vehicle Revenue by Type (2020-2025)
7.2.2 Global 8X8 Armored Vehicle Revenue by Type (2026-2031)
7.2.3 Global 8X8 Armored Vehicle Revenue Market Share by Type (2020-2031)
7.3 Global 8X8 Armored Vehicle Price by Type (2020-2031)
8 Segment by Application
8.1 Global 8X8 Armored Vehicle Sales Quantity by Application (2020-2031)
8.1.1 Global 8X8 Armored Vehicle Sales Quantity by Application (2020-2025)
8.1.2 Global 8X8 Armored Vehicle Sales Quantity by Application (2026-2031)
8.1.3 Global 8X8 Armored Vehicle Sales Quantity Market Share by Application (2020-2031)
8.2 Global 8X8 Armored Vehicle Revenue by Application (2020-2031)
8.2.1 Global 8X8 Armored Vehicle Revenue by Application (2020-2025)
8.2.2 Global 8X8 Armored Vehicle Revenue by Application (2026-2031)
8.2.3 Global 8X8 Armored Vehicle Revenue Market Share by Application (2020-2031)
8.3 Global 8X8 Armored Vehicle Price by Application (2020-2031)
9 Industry Chain and Sales Channels Analysis
9.1 8X8 Armored Vehicle Industry Chain Analysis
9.2 8X8 Armored Vehicle Key Raw Materials
9.2.1 Key Raw Materials
9.2.2 Raw Materials Key Suppliers
9.3 8X8 Armored Vehicle Production Mode & Process
9.4 8X8 Armored Vehicle Sales and Marketing
9.4.1 8X8 Armored Vehicle Sales Channels
9.4.2 8X8 Armored Vehicle Distributors
9.5 8X8 Armored Vehicle Customers
10 Research Findings and Conclusion
11 Appendix
11.1 Research Methodology
11.1.1 Methodology/Research Approach
11.1.1.1 Research Programs/Design
11.1.1.2 Market Size Estimation
11.1.1.3 Market Breakdown and Data Triangulation
11.1.2 Data Source
11.1.2.1 Secondary Sources
11.1.2.2 Primary Sources
11.2 Author Details
11.3 Disclaimer

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