North America Armored Vehicle Market 2020-2030

North America armored vehicle market is expected to grow by 3.2% annually in the forecast period and reach $4,534.4 million by 2030.

North America armored vehicle market is expected to grow by 3.2% annually in the forecast period and reach $4,534.4 million by 2030 driven by rising defense spending, anti-terrorism activities, and modernization/replacement initiatives. Highlighted with 25 tables and 46 figures, this 107-page report “North America Armored Vehicle Market 2020-2030 by Armor (Passive, Active), Drive Type (Wheeled, Tracked), Category (Conventional, Electric), Vehicle Type, Application and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America armored vehicle market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2015-2020 and provides forecast from 2021 till 2030 with 2020 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America armored vehicle market in every aspect of the classification from perspectives of Armor, Drive Type, Category, Vehicle Type, Application, and Country. Based on Armor, the North America market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section. • Passive-armor Vehicles • Active-armor Vehicles

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Based on Drive Type, the North America market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section. Wheeled Armored Vehicles • 4X4 Wheeled Armored Vehicles • 6X6 Wheeled Armored Vehicles • 8X8 Wheeled Armored Vehicles Tracked Armored Vehicles Based on Category, the North America market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section. • Conventional Armored Vehicles • Electric Armored Vehicles Based on Vehicle Type, the North America market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section. • Armored Personnel Carrier (APC) • Infantry Fighting Vehicle (IFV) • Main Battle Tank (MBT) • Light Multi-role Vehicle (LMV) • Mine Resistant Ambush Protected (MRAP) • Armored Support Vehicle • Tactical Truck • Other Armored Vehicles

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Arun Kalwani

Arun Kalwani

Research Analyst

Based on Application, the North America market is segmented into the following sub-markets with annual revenue for 2020-2030 included in each section. • Defense • Commercial Use Geographically, the following national/local markets are fully investigated: • U.S. • Canada • Mexico For each key country, detailed analysis and data for annual revenue are available for 2020-2030. The breakdown of key national markets by Drive Type, Vehicle Type, and Application over the forecast years is also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in North America armored vehicle market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions. Key Players (this may not be a complete list and extra companies can be added upon request): BAE Systems China North Industries Corporation (Norinco) General Dynamics Corporation INKAS Armored Vehicle Manufacturing International Armored Group Krauss-Maffei Wegmann (KMW) Lenco Industries Inc. Lockheed Martin Corporation Oshkosh Defense LLC Rheinmetall AG STREIT Group Textron Inc. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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Arun Kalwani

Table of Contents

  • 1 Introduction 6
  • 1.1 Industry Definition and Research Scope 6
  • 1.1.1 Industry Definition 6
  • 1.1.2 Research Scope 7
  • 1.2 Research Methodology 10
  • 1.2.1 Overview of Market Research Methodology 10
  • 1.2.2 Market Assumption 11
  • 1.2.3 Secondary Data 11
  • 1.2.4 Primary Data 11
  • 1.2.5 Data Filtration and Model Design 13
  • 1.2.6 Market Size/Share Estimation 14
  • 1.2.7 Research Limitations 15
  • 1.3 Executive Summary 16
  • 2 Market Overview and Dynamics 19
  • 2.1 Market Size and Forecast 19
  • 2.1.1 Impact of COVID-19 on World Economy 20
  • 2.1.2 Impact of COVID-19 on the Market 23
  • 2.2 Major Growth Drivers 25
  • 2.3 Market Restraints and Challenges 32
  • 2.4 Emerging Opportunities and Market Trends 35
  • 2.5 Porter’s Fiver Forces Analysis 39
  • 3 Segmentation of North America Market by Armor 43
  • 3.1 Market Overview by Armor 43
  • 3.2 Passive-armor Vehicles 45
  • 3.3 Active-armor Vehicles 46
  • 4 Segmentation of North America Market by Drive Type 48
  • 4.1 Market Overview by Drive Type 48
  • 4.2 Wheeled Armored Vehicles 50
  • 4.2.1 4X4 Wheeled Armored Vehicles 51
  • 4.2.2 6X6 Wheeled Armored Vehicles 52
  • 4.2.3 8X8 Wheeled Armored Vehicles 53
  • 4.3 Tracked Armored Vehicles 54
  • 5 Segmentation of North America Market by Category 55
  • 5.1 Market Overview by Category 55
  • 5.2 Conventional Armored Vehicles 57
  • 5.3 Electric Armored Vehicles 58
  • 6 Segmentation of North America Market by Vehicle Type 59
  • 6.1 Market Overview by Vehicle Type 59
  • 6.2 Armored Personnel Carrier (APC) 61
  • 6.3 Infantry Fighting Vehicle (IFV) 62
  • 6.4 Main Battle Tank (MBT) 63
  • 6.5 Light Multi-role Vehicle (LMV) 64
  • 6.6 Mine Resistant Ambush Protected (MRAP) 65
  • 6.7 Armored Support Vehicle 66
  • 6.8 Tactical Truck 67
  • 6.9 Other Armored Vehicles 68
  • 7 Segmentation of North America Market by Application 69
  • 7.1 Market Overview by Application 69
  • 7.2 Defense 71
  • 7.3 Commercial Use 72
  • 8 North America Market 2020-2030 by Country 73
  • 8.1 Overview of North America Market 73
  • 8.2 U.S. 76
  • 8.3 Canada 80
  • 8.4 Mexico 82
  • 9 Competitive Landscape 84
  • 9.1 Overview of Key Vendors 84
  • 9.2 New Product Launch, Partnership, Investment, and M&A 87
  • 9.3 Company Profiles 88
  • BAE Systems 88
  • China North Industries Corporation (Norinco) 90
  • General Dynamics Corporation 91
  • INKAS Armored Vehicle Manufacturing 92
  • International Armored Group 93
  • Krauss-Maffei Wegmann (KMW) 94
  • Lenco Industries Inc. 95
  • Lockheed Martin Corporation 96
  • Oshkosh Defense LLC 97
  • Rheinmetall AG 98
  • STREIT Group 99
  • Textron Inc. 100
  • 10 Investing in North America Market: Risk Assessment and Management 101
  • 10.1 Risk Evaluation of North America Market 101
  • 10.2 Critical Success Factors (CSFs) 104
  • Related Reports and Products 107

Table 1. Snapshot of North America Armored Vehicle Market in Balanced Perspective, 2020-2030 17
Table 2. Growth Rate of World Real GDP, 2017-2021 21
Table 3. Main Product Trends and Market Opportunities in North America Armored Vehicle Market 35
Table 4. North America Armored Vehicle Market by Armor, 2020-2030, $ mn 43
Table 5. North America Armored Vehicle Market by Drive Type, 2020-2030, $ mn 48
Table 6. North America Armored Vehicle Market: Wheeled Armored Vehicles by Type, 2020-2030, $ mn 50
Table 7. North America Armored Vehicle Market by Category, 2020-2030, $ mn 55
Table 8. North America Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 59
Table 9. North America Armored Vehicle Market by Application, 2020-2030, $ mn 69
Table 10. North America Armored Vehicle Market by Country, 2020-2030, $ mn 74
Table 11. U.S. Armored Vehicle Market by Drive Type, 2020-2030, $ mn 78
Table 12. U.S. Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 78
Table 13. U.S. Armored Vehicle Market by Application, 2020-2030, $ mn 78
Table 14. Canada Armored Vehicle Market by Drive Type, 2020-2030, $ mn 81
Table 15. Canada Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 81
Table 16. Canada Armored Vehicle Market by Application, 2020-2030, $ mn 81
Table 17. Mexico Armored Vehicle Market by Drive Type, 2020-2030, $ mn 83
Table 18. Mexico Armored Vehicle Market by Vehicle Type, 2020-2030, $ mn 83
Table 19. Mexico Armored Vehicle Market by Application, 2020-2030, $ mn 83
Table 20. BAE Systems: Company Snapshot 88
Table 21. BAE Systems: Business Segmentation 88
Table 22. BAE Systems: Product Portfolio 89
Table 23. BAE Systems: Revenue, 2017-2019, $ mn 89
Table 24. Risk Evaluation for Investing in North America Market, 2020-2030 102
Table 25. Critical Success Factors and Key Takeaways 105

Figure 1. Research Method Flow Chart 10
Figure 2. Breakdown of Primary Research 12
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 4. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2030 16
Figure 5. North America Armored Vehicle Market, 2020-2030, $ mn 19
Figure 6. Impact of COVID-19 on Business 23
Figure 7. Primary Drivers and Impact Factors of North America Armored Vehicle Market 25
Figure 8. World Military Expenditure by Region, 1988-2019 28
Figure 9. Primary Restraints and Impact Factors of North America Armored Vehicle Market 32
Figure 10. Investment Opportunity Analysis 36
Figure 11. Porter’s Fiver Forces Analysis of North America Armored Vehicle Market 39
Figure 12. Breakdown of North America Armored Vehicle Market by Armor, 2020-2030, % of Revenue 44
Figure 13. North America Addressable Market Cap in 2021-2030 by Armor, Value ($ mn) and Share (%) 44
Figure 14. North America Armored Vehicle Market: Passive-armor Vehicles, 2020-2030, $ mn 45
Figure 15. North America Armored Vehicle Market: Active-armor Vehicles, 2020-2030, $ mn 46
Figure 16. Breakdown of North America Armored Vehicle Market by Drive Type, 2020-2030, % of Sales Revenue 49
Figure 17. North America Addressable Market Cap in 2021-2030 by Drive Type, Value ($ mn) and Share (%) 49
Figure 18. North America Armored Vehicle Market: Wheeled Armored Vehicles, 2020-2030, $ mn 50
Figure 19. North America Armored Vehicle Market: 4X4 Wheeled Armored Vehicles, 2020-2030, $ mn 51
Figure 20. North America Armored Vehicle Market: 6X6 Wheeled Armored Vehicles, 2020-2030, $ mn 52
Figure 21. North America Armored Vehicle Market: 8X8 Wheeled Armored Vehicles, 2020-2030, $ mn 53
Figure 22. North America Armored Vehicle Market: Tracked Armored Vehicles, 2020-2030, $ mn 54
Figure 23. Breakdown of North America Armored Vehicle Market by Category, 2020-2030, % of Sales Revenue 56
Figure 24. North America Addressable Market Cap in 2021-2030 by Category, Value ($ mn) and Share (%) 56
Figure 25. North America Armored Vehicle Market: Conventional Armored Vehicles, 2020-2030, $ mn 57
Figure 26. North America Armored Vehicle Market: Electric Armored Vehicles, 2020-2030, $ mn 58
Figure 27. Breakdown of North America Armored Vehicle Market by Vehicle Type, 2020-2030, % of Revenue 60
Figure 28. North America Addressable Market Cap in 2021-2030 by Vehicle Type, Value ($ mn) and Share (%) 60
Figure 29. North America Armored Vehicle Market: Armored Personnel Carrier (APC), 2020-2030, $ mn 61
Figure 30. North America Armored Vehicle Market: Infantry Fighting Vehicle (IFV), 2020-2030, $ mn 62
Figure 31. North America Armored Vehicle Market: Main Battle Tank (MBT), 2020-2030, $ mn 63
Figure 32. North America Armored Vehicle Market: Light Multi-role Vehicle (LMV), 2020-2030, $ mn 64
Figure 33. North America Armored Vehicle Market: Mine Resistant Ambush Protected (MRAP), 2020-2030, $ mn 65
Figure 34. North America Armored Vehicle Market: Armored Support Vehicle, 2020-2030, $ mn 66
Figure 35. North America Armored Vehicle Market: Tactical Truck, 2020-2030, $ mn 67
Figure 36. North America Armored Vehicle Market: Other Armored Vehicles, 2020-2030, $ mn 68
Figure 37. Breakdown of North America Armored Vehicle Market by Application, 2020-2030, % of Revenue 70
Figure 38. North America Addressable Market Cap in 2021-2030 by Application, Value ($ mn) and Share (%) 70
Figure 39. North America Armored Vehicle Market: Defense, 2020-2030, $ mn 71
Figure 40. North America Armored Vehicle Market: Commercial Use, 2020-2030, $ mn 72
Figure 41. Breakdown of North America Armored Vehicle Market by Country, 2020 and 2030, % of Revenue 74
Figure 42. Contribution to North America 2021-2030 Cumulative Revenue by Country, Value ($ mn) and Share (%) 75
Figure 43. U.S. Armored Vehicle Market, 2020-2030, $ mn 77
Figure 44. Canada Armored Vehicle Market, 2020-2030, $ mn 80
Figure 45. Armored Vehicle Market in Mexico, 2015-2030, $ mn 82
Figure 46. Growth Stage of North America Armored Vehicle Industry over the Forecast Period 84

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North America Armored Vehicle Market 2020-2030

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