Military Truck Market

Military Truck Market by Application (Cargo/logistics, Troop, Utility), Axle (4x4, 6x6, 8x8), propulsion (Electric, Gasoline, Diesel), Truck (Light, Medium, Heavy), Transmission (Automatic, Semi-Automatic, Manual), and Region - Global Forecast to 2027

Report Code: AT 7378 Oct, 2019, by marketsandmarkets.com

[144 Pages Report] The global military truck market is projected to grow from 15,677 units in 2019 to 20,171 by 2027, at a CAGR of 3.2%. Factors such as high demand for customized trucks, technological advancements, increasing popularity of transportation of military equipment, and continuous growth of army personnel are driving the military truck market.

Military Truck Market

Automatic transmission segment is expected to be the fastest-growing market during the forecast period

The automatic transmission is being adopted due to their fuel efficiency and comfort offered to the driver through automated gear shift and minimal torque interruption. For instance, Allison Transmission produces fully automatic transmissions for light-, medium- and heavy-duty military wheeled and tracked vehicles.

Suppliers are concentrating on offering technologies with better efficiency rates, comfort levels, and durability, along with the minimal impact on the environment. The adoption of new technologies is also dependent on customer preferences, which differs by region. The benefit of high speed, more fuel efficiency, and reduced risk of engine stop during heavy loads increase the market for automatic transmission. In military purposes, these trucks offer all-terrain high-speed transport of troops, cargo, and other supplies.

Heavy trucks are expected to lead the military truck market during the forecast period

These heavy trucks are capable of operating off-road, in deep water, mud or snow. With a payload capacity of 1,000 kg, these trucks can tow weight of 3,000 kg. Also, manufacturers add protection from small arms fire, artillery shell splinters, grenades, small anti-personnel mines in these military trucks. Versions of heavy tactical 8x8, 10x10 axle configurations are manufactured by companies like Oshkosh Corporation, Mercedes-Benz, MAN, Krauss-Maffei Wegmann, and others. Heavy military trucks are used for select applications as they offer better torque at the wheel and peak power ratings. Some of the major applications are refrigeration, dumping, firefighting, disaster management, tankers, RMC, and containers.

Military Truck Market

North America is expected to be the fastest-growing market during the forecast period

North America is expected to be the fastest-growing market. Border disputes and diplomatic developments between the US and Mexico has led to increasing procurement of army vehicles in the country, which includes military trucks, armored vehicles, and weapon systems. Hence, Mexico is looking forward to expanding its adoption of military equipment.

The Canadian government is also focusing on strengthening its military by procuring military equipment. For instance, The Canadian armed forces signed a contract of 628.98 USD million with Mack Defense includes the supply of new trucks, trailers, armor protection systems, and in-service support. In 2015, Mack Defense was awarded USD 834 million by the Canadian government to deliver 1,587 trucks with five years of in-service support.

The US Government awarded a contract worth USD 6.7 billion to Oshkosh Corporation for the development of JLTVs to replace its dependable but aging Humvee in 2016. The increased investments in the North American region for the development of advanced military trucks are also fuelling the growth of the market.

Key Market Players

The global military truck market is dominated by major players such as Oshkosh Corporation (US), Rheinmetall AG (Germany), IVECO S.p.A., (Italy), TATRA TRUCKS A.S., (Czech Republic), Arquus (France), Textron Inc., (US), General Dynamics (US), and Mitsubishi Heavy Industries (Japan), and many others. These companies have strong distribution networks at a global level. Besides, these companies offer a wide range of military trucks in the market. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2027

Base year considered

2018

Forecast period

2019–2027

Forecast units

Volume (Units)

Segments covered

Truck Type, application, propulsion, transmission type, axle configuration, and region

Geographies covered

North America, Asia Pacific, Europe, Middle East, and Rest of the World.

Companies Covered

Oshkosh Corporation (US), Rheinmetall AG (Germany), IVECO S.p.A., (Italy), TATRA TRUCKS A.S., (Czech Republic), Arquus (France), Textron Inc., (US), General Dynamics (US), and Mitsubishi Heavy Industries (Japan), and many others. Total of 25 major players are covered under the report.

This research report categorizes the military truck market based on truck type, application, propulsion, transmission type, axle configuration, and region.

Based on truck type:

  • Light
  • Medium
  • Heavy

Based on the application:

  • Cargo/logistics
  • Troop
  • Utility

Based on the propulsion type:

  • Electric/Hybrid
  • Gasoline
  • Diesel

Based on the transmission type:

  • Automatic
  • Semi-Automatic
  • Manual

Based on the axle configuration:

  • 4x4
  • 6x6
  • 8x8
  • Others

Based on the region:

    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Australia
      • Rest of Asia Pacific
    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • France
      • Germany
      • Italy
      • Russia
      • Turkey
      • UK
      • Rest of Europe
    • Middle East
      • Saudi Arabia
      • Israel
      • Rest of Middle East
    • Rest of the World
      • Brazil
      • Iran
      • Others

Recent Developments

  • In February 2019, The U.S. Army Tank-automotive and Armaments Command (TACOM) Life Cycle Management Command (LCMC) placed an order for 354 Family of Medium Tactical Vehicles (FMTV) A1P2 trucks and trailers at a value of USD75 million to Oshkosh Defense.
  • In November 2018, General Dynamics European Land Systems (GDELS) acquired FWW Fahrzeugwerk GmbH (FWW). FWW will become part of the newly-established General Dynamics European Land Systems–Deutschland, located in Berlin. The acquisition of FWW will expand General Dynamics offerings in Germany.
  • In January 2019, Rheinmetall AG and BAE Systems signed an agreement to create a joint UK based military vehicle design, manufacturing and support business. Rheinmetall AG will acquire a 55% share in BAE Systems Land UK Tank and Combat Vehicles division. The joint venture will be known as Rheinmetall BAE Systems Land (RBSL).
  • In December 2017, IVECO Defence Vehicles received a contract from the Romanian Ministry of National Defence for supplying 173 military logistic vehicles.
  • In February 2019, The Kalyani Group and Belcan, LLC announced a partnership to provide highly advanced technological products and services in defense, aerospace, and other technical segments in India.

Critical Questions:

  • How will customization of truck impact the growth of military truck?
  • What is the impact of electrification on the market?
  • What are the upcoming trends in the military truck market? What impact would they make post-2022?
  • What are the key strategies adopted by the top players to increase their revenue?
  • How will the change of transmission impact the growth of military truck?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
           2.3.3 Key Data From Primary Sources
    2.4 Market Size Estimation
           2.4.1 Data Triangulation Approach
           2.4.2 Bottom-Up Approach
    2.5 Market Breakdown and Data Triangulation
    2.6 Assumptions
    2.7 Risk Assessment & Ranges

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 32)
    4.1 Military Truck Market to Grow at A Significant Rate During the Forecast Period (2019–2027)
    4.2 North America is the Fastest Growing Military Truck Market By 2027
    4.3 Military Truck Market, By Truck Type and Application
    4.4 Military Truck Market, By Application
    4.5 Military Truck Market, By Axle Configuration
    4.6 Military Truck Market, By Propulsion Type
    4.7 Military Truck Market, By Truck Type
    4.8 Military Truck Market, By Transmission Type

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 High Mobility and Multi-Purpose Solution for Transportation
                    5.2.1.2 Increasing Military Troops/Cargo
                    5.2.1.3 Increasing Focus on Military Equipment
           5.2.2 Restraints
                    5.2.2.1 Use of Robots in Military
           5.2.3 Opportunities
                    5.2.3.1 Customization of Trucks and Technology Used
                    5.2.3.2 Electrically Powered Military Trucks
           5.2.4 Challenges
                    5.2.4.1 Raw Material Price Fluctuations
           5.2.5 Revenue Shift Driving Market Growth
           5.2.6 Impact of Market Dynamics
    5.3 Revenue Missed: Opportunities for Military Truck Manufacturers
    5.4 Military Truck Market, Scenarios (2019–2027)
           5.4.1 Military Truck Market, Most Likely Scenario
           5.4.2 Military Truck Market, Optimistic Scenario
           5.4.3 Military Truck Market, Pessimistic Scenario

6 Industry Trends (Page No. - 44)
    6.1 Introduction
    6.2 Technological Overview
           6.2.1 Rise of Electric Military Vehicles
           6.2.2 Robotic Trucks in Military
           6.2.3 Hyrogen Fuel-Cell Powered Military Trucks
    6.3 Porters Five Forces
    6.4 Macroindicator Analysis
           6.4.1 Growth of Military Truck Market
           6.4.2 GDP (USD Billion)
           6.4.3 GNi Per Capita, Atlas Method (USD)
           6.4.4 GDP Per Capita PPP (USD)
           6.4.5 Macroindicators Influencing the Military Truck Market, Top 3 Countries
                    6.4.5.1 Germany
                    6.4.5.2 US
                    6.4.5.3 China

7 Military Truck Market, By Application (Page No. - 48)
    7.1 Introduction
           7.1.1 Research Methodology
    7.2 Assumptions
    7.3 Cargo/Logistics Carrier
           7.3.1 Rising Demand for Transporting Cargo and Logistics Will Drive the Market
    7.4 Troop Carrier
           7.4.1 Continuous Growth of Military Personnel in the US, Russia, China, and Other Countries Will Impact the Demand for Military Trucks
    7.5 Utility
           7.5.1 Rising Requirement of Ambulances, Fuel Tankers, Dump Trucks in Remote Areas Will Increase the Demand for Military Utility Trucks
    7.6 Market Leaders

8 Military Truck Market, By Truck Type (Page No. - 54)
    8.1 Introduction
           8.1.1 Research Methodology
    8.2 Assumptions
    8.3 Light Truck
           8.3.1 Rising Focus on High Performance Lightweight Trucks for Logistics and Patrolling Will Drive the Overall Market
    8.4 Medium Truck
           8.4.1 Capabilities of Medium Trucks to Transport Cargo Hauling, Carrying, Or Winching Have Increased the Demand Significantly
    8.5 Heavy Truck
           8.5.1 Usage of Heavy-Duty Trucks in Various Special Applications Drives the Overall Market Growth
    8.6 Market Leaders

9 Military Truck Market, By Axle Configuration (Page No. - 60)
    9.1 Introduction
           9.1.1 Research Methodology
    9.2 Assumptions
    9.3 4x4
           9.3.1 Rising Demand for Light Military Trucks Will Fuel the Growth of 4x4
    9.4 6x6
           9.4.1 Increasing Troop Size and Defense Budget Will Fuel the Demand for 6x6 Military Trucks
    9.5 8x8
           9.5.1 Demand for Modular Multi-Wheeled Trucks in Military Will Drive the Market
    9.6 Others
           9.6.1 Rising Demand for Special Superstructure Trucks for All Terrain Increases the Growth of Military Trucks
    9.7 Market Leaders

10 Military Truck Market, By Propulsion Type (Page No. - 66)
     10.1 Introduction
             10.1.1 Research Methodology
     10.2 Assumptions
     10.3 Electric/Hybrid
             10.3.1 Introduction of Electric and Hybrid Components in Military Trucks Can Help Reduce Cost and Improve Performance
     10.4 Gasoline
             10.4.1 Rising Focus on Low Emission Military Trucks to Minimize Environmental Impact Will Drive the Gasoline Market
     10.5 Diesel
             10.5.1 High Power Generation Capacity Makes A Diesel Engine Suitable for Pulling Heavy Load Applications
     10.6 Market Leaders

11 Military Truck Market, By Transmission Type (Page No. - 72)
     11.1 Introduction
             11.1.1 Research Methodology
     11.2 Assumptions
     11.3 Automatic Transmission
             11.3.1 Automatic Transmission is Beneficial for Long-Haul Transportation in Military Trucks
     11.4 Semi-Automatic Transmission
             11.4.1 Increasing Demand for Fuel-Efficient and High-Performance Trucks in Defense Will Boost the Overall Growth
     11.5 Manual Transmission
             11.5.1 Improved Gas Mileage and Driving Ease Would Increase the Demand for Manual Transmission in Military Trucks
     11.6 Market Leaders

12 Military Truck Market, By Region (Page No. - 78)
     12.1 Introduction
     12.2 Asia Pacific
             12.2.1 China
                        12.2.1.1 Increasing Investment and Army Troops to Strengthen Military Would Increase the Demand for Military Trucks in China
             12.2.2 India
                        12.2.2.1 Increasing Instances of Terrorist Strikes & Border Disputes Would Lead to More Procurement of Military Trucks in India
             12.2.3 Japan
                        12.2.3.1 High-End Military Technologies Drive the Market of Military Truck in Japan
             12.2.4 South Korea
                        12.2.4.1 Military Truck Modernization Programs and Conflicts With North Korea are Driving the Growth of the Market
             12.2.5 Australia
                        12.2.5.1 Increasing Contacts for Acquisition of Modern Military Trucks and Other Defense Vehicles Drive the Overall Market in Australia
             12.2.6 Rest of Asia Pacific
                        12.2.6.1 Increasing Troop Deployment and Investments in Army Logistics Have Fueled the Demand for Military Trucks
     12.3 Europe
             12.3.1 France
                        12.3.1.1 Procurement of New Generation Military Trucks for Defense Forces is Driving the Market in France
             12.3.2 Germany
                        12.3.2.1 Significant R&D Investments Will Drive the Procurement of Modernized Defense Systems
             12.3.3 Russia
                        12.3.3.1 The Replacement of Aged Military Vehicle Fleets in Russia is Driving the Growth of Military Truck Market
             12.3.4 UK
                        12.3.4.1 Internal Security Safeguarding has Led to the Growth of Military Trucks in UK
             12.3.5 Italy
                        12.3.5.1 Growing Exports of Military Vehicles From Italy Will Drive Market Growth in the Country
             12.3.6 Turkey
                        12.3.6.1 Defense and Security Budget Increase to Provide Logistics and Supplies for Army Would Boost the Market in Turkey
             12.3.7 Rest of Europe
                        12.3.7.1 Increasing Contacts for Acquisition of Modern Military Trucks and Other Defense Vehicles Drive the Overall Market in Rest of Europe
     12.4 North America
             12.4.1 US
                        12.4.1.1 High Procurement of Military Trucks and Other Advanced Defense Vehicles in the US is Expected to Drive the Market
             12.4.2 Canada
                        12.4.2.1 Replacement and Modernization of the Current Fleet of Medium Weight Logistics Trucks Will Drive the Military Truck Market in Canada
             12.4.3 Mexico
                        12.4.3.1 Major Shift in Military Equipment Will Fuel the Military Truck Market in Mexico
     12.5 Middle East
             12.5.1 Saudi Arabia
                        12.5.1.1 Increase in Defense, Homeland Security, and Public Safety Spending Per Capita Will Drive the Military Truck Market in Saudi Arabia
             12.5.2 Israel
                        12.5.2.1 Increased Focus of Israel to Address Operational Challenges Will Drive the Overall Market
             12.5.3 Rest of Middle East
                        12.5.3.1 Increased Investments in Development of Military Trucks and Armaments Will Boost the Market
     12.6 Rest of the World (RoW)
             12.6.1 Brazil
                        12.6.1.1 Low Manufacturing Cost and Availability of Economic Workforce Will Fuel the Market in Brazil
             12.6.2 Iran
                        12.6.2.1 Dangerous and Unstable Situation in the Middle East Will Fuel the Military Truck Market in Iran
             12.6.3 Others
                        12.6.3.1 Major Shift in Military Components and Increasing Investments to Strengthen the Army Will Fuel the Military Truck Market
     12.7 Operational Data
             12.7.1 Military Manpower for 2019, By Country
             12.7.2 Defense Budget (2018), By Country

13 Competitive Landscape (Page No. - 102)
     13.1 Overview
     13.2 Market Ranking Analysis
     13.3 Product Comparison Mapping, By Key Competitors
     13.4 Competitive Leadership Mapping
             13.4.1 Visionary Leaders
             13.4.2 Innovators
             13.4.3 Dynamic Differentiators
             13.4.4 Emerging Companies
     13.5 Strength of Product Portfolio
     13.6 Business Strategy Excellence
     13.7 Winners vs. Losers
     13.8 Competitive Scenario
             13.8.1 Partnerships/Contracts, 2017–2019
             13.8.2 Acquisition

14 Company Profiles (Page No. - 111)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)* 
     14.1 Oshkosh Corporation
     14.2 General Dynamics Corporation
     14.3 Rheinmetall AG
     14.4 Textron Inc.
     14.5 Tata Motors
     14.6 Krauss-Maffei Wegmann
     14.7 Arquus
     14.8 IVECO
     14.9 Mitsubishi Heavy Industries
     14.10 Hyundai Rotem
     14.11 TATRA TRUCKS A.S
     14.12 The Kalyani Group
     14.13 Daimler
     14.14 Other Key Players
             14.14.1 Asia Pacific
                        14.14.1.1 Ashok Leyland
                        14.14.1.2 Hanwha Corporation
                        14.14.1.3 Ordnance Factory Board
             14.14.2 Europe
                        14.14.2.1 Nexter Group
                        14.14.2.2 Bae Systems PLC
                        14.14.2.3 Volat
                        14.14.2.4 Rαba Automotive Holding PLC.
                        14.14.2.5 Kamaz PTC
             14.14.3 North America
                        14.14.3.1 AM General
                        14.14.3.2 Lockheed Martin
             14.14.4 Middle East
                        14.14.4.1 IMI Systems
             14.14.5 Rest of the World
                        14.14.5.1 Paramount Group
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies. 

15 Appendix (Page No. - 137)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports
     15.5 Author Details


List of Tables (109 Tables)

Table 1 Currency Exchange Rates (Per 1 USD)
Table 2 Primary Data Sources
Table 3 Major Assumptions
Table 4 Risk Assessment & Ranges
Table 5 Military Truck Market: Armed Forces Personnel, By Country, 2017 vs. 2018
Table 6 Military Truck Market: Defence Budget, By Country, 2017 vs. 2018
Table 7 Military Truck Market: Impact of Market Dynamics
Table 8 Military Truck Market (Most Likely), By Region, 2017–2027 (Units)
Table 9 Military Truck Market (Optimistic), By Region, 2017–2027 (Units)
Table 10 Military Truck Market (Pessimistic), By Region, 2017–2027 (Units)
Table 11 Major Assumptions
Table 12 Military Truck Market, By Application, 2017–2027 (Units)
Table 13 Cargo/Logistics: Military Truck Market, By Region, 2017–2027 (Units)
Table 14 Troop Carrier: Military Truck Market, By Region, 2017–2027 (Units)
Table 15 Utility: Military Truck Market, By Region, 2017–2027 (Units)
Table 16 Recent Developments
Table 17 Major Assumptions
Table 18 Military Truck Market, By Truck Type, 2017–2027 (Units)
Table 19 Light Truck: Military Truck Market, By Region, 2017–2027 (Units)
Table 20 Medium Truck: Military Truck Market, By Region, 2017–2027 (Units)
Table 21 Heavy Truck: Military Truck Market, By Region, 2017–2027 (Units)
Table 22 Recent Developments
Table 23 Major Assumptions
Table 24 Military Truck Market, By Axle Configuration, 2017–2027 (Units)
Table 25 4x4: Military Truck Market, By Region, 2017–2027 (Units)
Table 26 6x6: Military Truck Market, By Region, 2017–2027 (Units)
Table 27 8x8: Military Truck Market, By Region, 2017–2027 (Units)
Table 28 Others: Military Truck Market, By Region, 2017–2027 (Units)
Table 29 Recent Developments
Table 30 Major Assumptions
Table 31 Military Truck Market, By Propulsion Type, 2017–2027 (Units)
Table 32 Electric/Hybrid: Military Truck Market, By Region, 2017–2027 (Units)
Table 33 Gasoline: Military Truck Market, By Region, 2017–2027 (Units)
Table 34 Diesel: Military Truck Market, By Region, 2017–2027 (Units)
Table 35 Recent Developments
Table 36 Major Assumptions
Table 37 Military Truck Market, By Transmission Type, 2017–2027 (Units)
Table 38 Automatic Transmission: Military Truck Market, By Region, 2017–2027 (Units)
Table 39 Semi-Automatic Transmission: Military Truck Market, By Region, 2017–2027 (Units)
Table 40 Manual Transmission: Military Truck Market, By Region, 2017–2027 (Units)
Table 41 Recent Developments
Table 42 Military Truck Market, By Region, 2017–2027 (Units)
Table 43 Asia Pacific: Military Truck Market, By Country, 2017–2027 (Units)
Table 44 China: Military Truck Market, By Application, 2017–2027 (Units)
Table 45 India: Military Truck Market, By Application, 2017–2027 (Units)
Table 46 Japan: Military Truck Market, By Application, 2017–2027 (Units)
Table 47 South Korea: Military Truck Market, By Application, 2017–2027 (Units)
Table 48 Australia: Military Truck Market, By Application, 2017–2027 (Units)
Table 49 Rest of Asia Pacific: Military Truck Market, By Application, 2017–2027 (Units)
Table 50 Europe: Military Truck Market, By Country, 2017–2027 (Units)
Table 51 France: Military Truck Market, By Application, 2017–2027 (Units)
Table 52 Germany: Military Truck Market, By Application, 2017–2027 (Units)
Table 53 Russia: Military Truck Market, By Application, 2017–2027 (Units)
Table 54 UK: Military Truck Market, By Application, 2017–2027 (Units)
Table 55 Italy: Military Truck Market, By Application, 2017–2027 (Units)
Table 56 Turkey: Military Truck Market, By Application, 2017–2027 (Units)
Table 57 Rest of Europe: Military Truck Market, By Application, 2017–2027 (Units)
Table 58 North America: Military Truck Market, By Country, 2017–2027 (Units)
Table 59 US: Military Truck Market, By Application, 2017–2027 (Units)
Table 60 Canada: Military Truck Market, By Application, 2017–2027 (Units)
Table 61 Mexico: Military Truck Market, By Application, 2017–2027 (Units)
Table 62 Middle East: Military Truck Market, By Country, 2017–2027 (Units)
Table 63 Saudi Arabia: Military Truck Market, By Application, 2017–2027 (Units)
Table 64 Israel: Military Truck Market, By Application, 2017–2027 (Units)
Table 65 Rest of Middle East: Military Truck Market, By Application, 2017–2027 (Units)
Table 66 Rest of the World: Military Truck Market, By Country, 2017–2027 (Units)
Table 67 Brazil: Military Truck Market, By Application, 2017–2027 (Units)
Table 68 Iran: Military Truck Market, By Application, 2017–2027 (Units)
Table 69 Others: Military Truck Market, By Application, 2017–2027 (Units)
Table 70 US Military Manpower for 2019
Table 71 Canada Military Manpower for 2019
Table 72 Mexico Military Manpower for 2019
Table 73 China Military Manpower for 2019
Table 74 India Military Manpower for 2019
Table 75 Japan Military Manpower for 2019
Table 76 South Korea Military Manpower for 2019
Table 77 Australia Military Manpower for 2019
Table 78 France Military Manpower for 2019
Table 79 Germany Military Manpower for 2019
Table 80 Italy Military Manpower for 2019
Table 81 UK Military Manpower for 2019
Table 82 Russia Military Manpower for 2019
Table 83 Turkey Military Manpower for 2019
Table 84 Saudi Arabia Military Manpower for 2019
Table 85 Israel Military Manpower for 2019
Table 86 Brazil Military Manpower for 2019
Table 87 Iran Military Manpower for 2019
Table 88 US Defense Budget
Table 89 Canada Defense Budget
Table 90 Mexico Defense Budget
Table 91 China Defense Budget
Table 92 India Defense Budget
Table 93 Japan Defense Budget
Table 94 South Korea Defense Budget
Table 95 Australia Defense Budget
Table 96 France Defense Budget
Table 97 Germany Defense Budget
Table 98 UK Defense Budget
Table 99 Italy Defense Budget
Table 100 Russia Defense Budget
Table 101 Turkey Defense Budget
Table 102 Saudi Arabia Defense Budget
Table 103 Israel Defense Budget
Table 104 Brazil Defense Budget
Table 105 Iran Defense Budget
Table 106 Product Comparison Mapping, By Key Competitors
Table 107 Partnerships/Contracts, 2017–2019
Table 108 Acquisition, 2018–2019
Table 109 List of Companies: Military Truck Market


List of Figures (47 Figures)

Figure 1 Military Truck Market Segmentation
Figure 2 Military Truck Market: Research Design
Figure 3 Research Methodology Model
Figure 4 Breakdown of Primary Interviews
Figure 5 Market Size Estimation Methodology for the Military Truck Market: Bottom-Up Approach
Figure 6 Data Triangulation
Figure 7 Military Truck: Market Outlook
Figure 8 Military Truck Market, By Axle Configuration, 2019 vs. 2027 (Units)
Figure 9 Continuous Demand for Cargo/Logistics and Increasing Focus on Military Equipment Will Boost the Military Truck Market
Figure 10 Military Truck Market Share, By Region, 2019
Figure 11 Heavy Truck & Cargo/Logistics Carrier are Expected to Account for the Largest Share of the Military Truck Market in 2019
Figure 12 Cargo/Logistics Carrier is Expected to Hold the Largest Market Share, 2019 vs. 2027 (Units)
Figure 13 8x8 is Estimated to Hold the Largest Market Share, 2019 vs. 2027 (Units)
Figure 14 Diesel is Expected to Dominate the Military Truck Market, 2019 vs. 2027 (Units)
Figure 15 Heavy Trucks Dominate the Military Truck Market, 2019 vs. 2027 (Units)
Figure 16 Automatic Transmission is Expected to Hold the Largest Share in the Military Truck Market, 2019 vs. 2027 (Units)
Figure 17 Military Truck Market: Market Dynamics
Figure 18 Military Truck Market– Future Trends & Scenario, 2017–2027 (Units)
Figure 19 Key Primary Insights
Figure 20 Military Truck Market, By Application, 2019 vs. 2027 (Units)
Figure 21 Key Primary Insights
Figure 22 Military Truck Market, By Truck Type, 2019 vs. 2027 (Units)
Figure 23 Key Primary Insights
Figure 24 Military Truck Market, By Axle Configuration, 2019 vs. 2027 (Units)
Figure 25 Key Primary Insights
Figure 26 Military Truck Market, By Propulsion Type, 2019 vs. 2027 (Units)
Figure 27 Key Primary Insights
Figure 28 Military Truck Market, By Transmission Type, 2019 vs. 2027 (Units)
Figure 29 Military Truck Market, By Region, 2019 vs. 2027 (Units)
Figure 30 Asia Pacific: Military Truck Market Snapshot
Figure 31 Europe: Military Truck Market Snapshot
Figure 32 Market Ranking of Key Industry Players
Figure 33 Military Truck Market (Global): Competitive Leadership Mapping, 2019
Figure 34 Key Developments By Leading Players in the Market, 2016–2019
Figure 35 Oshkosh Corporation: Company Snapshot
Figure 36 Oshkosh Corporation: SWOT Analysis
Figure 37 General Dynamics Corporation: Company Snapshot
Figure 38 General Dynamics: SWOT Analysis
Figure 39 Rheinmetall AG: Company Snapshot
Figure 40 Rheinmetall AG: SWOT Analysis
Figure 41 Textron Inc: Company Snapshot
Figure 42 Textron Inc.: SWOT Analysis
Figure 43 Tata Motors: Company Snapshot
Figure 44 Tata Motors: SWOT Analysis
Figure 45 Mitsubishi Heavy Industries: Company Snapshot
Figure 46 Hyundai Rotem: Company Snapshot
Figure 47 Daimler: Company Snapshot

The study involved estimating the current size of the military truck market. Exhaustive secondary research was done to collect information on the market, the peer market, and model mapping. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chains through primary research. The bottom-up approach was employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used for estimating the market size of segments and subsegments.

Secondary Research

Various secondary sources were used in the secondary research process to identify and collect information useful for an extensive commercial study of the global military truck market. Secondary sources include company annual reports/presentations, press releases, paid databases, journals, automobile magazines, articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and MarketsandMarkets data repository.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the Military truck market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand-side (government authorities, Military truck providers) and supply-side (Military truck manufacturers, suppliers, and military truck part manufacturers) across 5 major regions, namely, North America, Europe, Asia Pacific, Middle East, and the Rest of the World. Approximately 14% and 86% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report.

After interacting with industry experts from major companies, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject-matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Military Truck Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The bottom-up approach has been used to estimate and validate the size of the military truck market. In this approach, the military truck production statistics are considered at the country level by mapping the contracts of military trucks for each country.

To determine the market size, in terms of volume, model mapping of trucks is done for each application. Through the model mapping, penetration is determined for all segments like application, axle configuration, propulsion, transmission, and truck type. The penetration, from the model mapping, is multiplied by the country level military truck production considered in the study, which will give us the volume of each segment type. The country-level data will sum up to make the region level data in terms of volume. Further summation of the regional market size provides the global military truck market size.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. To estimate the overall military truck market size and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To segment and forecast the military truck market size, in terms of volume (units)
  • To define, describe, and forecast the military truck market based on application, transmission type, truck type, axle configuration, propulsion type, and region
  • To analyze the regional markets for growth trends, prospects, and their contribution to the overall market
  • To segment and forecast the military truck market size, in terms of volume, by application (cargo/logistics, troop, and utility)
  • To segment and forecast the military truck market size, in terms of volume, by transmission type (automatic, semi-automatic, and manual)
  • To segment and forecast the military truck market size, in terms of volume, by truck type (light, medium, and heavy)
  • To segment and forecast the military truck market size, in terms of volume, by axle configuration (4X4, 6X6, and 8X8)
  • To segment and forecast the military truck market size, in terms of volume, by propulsion type (electric/hybrid, gasoline, and diesel)
  • To forecast the market size with respect to key regions, namely, North America, Europe, Asia Pacific, Middle East, and Rest of the World
  • To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze markets with respect to individual growth trends, prospects, and contribution to the total market
  • To analyze opportunities for stakeholders and details of a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • To analyze recent developments, alliances, joint ventures, product innovations, and mergers & acquisitions in the military truck market

Available Customizations

With the given market data, MarketsandMarkets offers customizations in accordance to the company’s specific needs.

  • Military truck market, by application at country level (for countries not covered in the report)
  • Military truck market, by transmission type at country level (for countries not covered in the report)

Company Information

  • Profiling of Additional Market Players (Up to 3)
Report Code
AT 7378
Published ON
Oct, 2019
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Military Truck Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

...

Digital Virtual Assistant - MarketsandMarkets

Home