Global Armoured Vehicles Market Research Report 2025(Status and Outlook)

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,680	166 Pages	Bosson Research	August, 2025	BOSS20300583

Best Price Guarantee
Price	from $2,680
Length	166 Pages
Publisher	Bosson Research
Published Date	August, 2025
SKU	BOSS20300583

Table of Contents
Description

Report Overview

The global armoured vehicles market is a critical segment of the defense industry, encompassing a wide range of military and civilian vehicles designed to provide protection against ballistic threats, explosives, and other hostile actions. These vehicles include main battle tanks, infantry fighting vehicles, armoured personnel carriers, mine-resistant ambush-protected (MRAP) vehicles, and light armoured vehicles, among others. The market is driven by increasing geopolitical tensions, rising terrorism, and the modernization of military fleets by defense forces worldwide. Technological advancements, such as improved armor materials, hybrid propulsion systems, and integration of AI and unmanned capabilities, are reshaping the industry. Key players include defense contractors like BAE Systems, General Dynamics, Rheinmetall, and Oshkosh Defense, with demand particularly strong in regions like North America, Europe, and the Middle East due to high defense spending and ongoing conflicts. Additionally, the growing need for homeland security and border protection is fueling demand for armoured vehicles in law enforcement and paramilitary applications. However, high procurement and maintenance costs, along with stringent regulatory standards, pose challenges to market growth. Emerging markets in Asia-Pacific and Latin America are expected to offer significant opportunities due to increasing defense budgets and regional security concerns.

The global Armoured Vehicles market size was estimated at USD 14176.58 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.13% during the forecast period.

This report provides a deep insight into the global Armoured Vehicles market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Armoured Vehicles Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Armoured Vehicles market in any manner.

Global Armoured Vehicles Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

AM General

BAE Systems

Doosan DST

FNSS

General Dynamics

Iveco

KMW

Kurganmashzavod

Lockheed Martin

Navistar Defense

Nexter Systems

Norinco

Oshkosh

Panhard

Patria

Renault Trucks Defense

Rheinmetall Defence

Textron Inc

Thales Australia

Uralvagonzavod

Market Segmentation (by Type)

Caterpillar Armoured Vehicles

Wheel Armoured Vehicles

Market Segmentation (by Application)

Transport

Investigation

Rescue

Communication

Other

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Armoured Vehicles Market

Overview of the regional outlook of the Armoured Vehicles Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Armoured Vehicles Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Armoured Vehicles, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

1 Research Methodology And Statistical Scope: 1.1 Market Definition And Statistical Scope Of Armoured Vehicles; 1.2 Key Market Segments; 1.2.1 Armoured Vehicles Segment By Type; 1.2.2 Armoured Vehicles Segment By Application; 1.3 Methodology & Sources Of Information; 1.3.1 Research Methodology; 1.3.2 Research Process; 1.3.3 Market Breakdown And Data Triangulation; 1.3.4 Base Year; 1.3.5 Report Assumptions & Caveats
2 Armoured Vehicles Market Overview: 2.1 Global Market Overview; 2.1.1 Global Armoured Vehicles Market Size (M Usd) Estimates And Forecasts (2020-2033); 2.1.2 Global Armoured Vehicles Sales Estimates And Forecasts (2020-2033); 2.2 Market Segment Executive Summary; 2.3 Global Market Size By Region
3 Armoured Vehicles Market Competitive Landscape: 3.1 Company Assessment Quadrant; 3.2 Global Armoured Vehicles Product Life Cycle; 3.3 Global Armoured Vehicles Sales By Manufacturers (2020-2025); 3.4 Global Armoured Vehicles Revenue Market Share By Manufacturers (2020-2025); 3.5 Armoured Vehicles Market Share By Company Type (Tier 1, Tier 2, And Tier 3); 3.6 Global Armoured Vehicles Average Price By Manufacturers (2020-2025); 3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types; 3.8 Armoured Vehicles Market Competitive Situation And Trends; 3.8.1 Armoured Vehicles Market Concentration Rate; 3.8.2 Global 5 And 10 Largest Armoured Vehicles Players Market Share By Revenue; 3.8.3 Mergers & Acquisitions, Expansion
4 Armoured Vehicles Industry Chain Analysis: 4.1 Armoured Vehicles Industry Chain Analysis; 4.2 Market Overview Of Key Raw Materials; 4.3 Midstream Market Analysis; 4.4 Downstream Customer Analysis
5 The Development And Dynamics Of Armoured Vehicles Market: 5.1 Key Development Trends; 5.2 Driving Factors; 5.3 Market Challenges; 5.4 Industry News; 5.4.1 New Product Developments; 5.4.2 Mergers & Acquisitions; 5.4.3 Expansions; 5.4.4 Collaboration/Supply Contracts; 5.5 Pest Analysis; 5.5.1 Industry Policies Analysis; 5.5.2 Economic Environment Analysis; 5.5.3 Social Environment Analysis; 5.5.4 Technological Environment Analysis; 5.6 Global Armoured Vehicles Market Porter's Five Forces Analysis; 5.6.1 Global Trade Frictions; 5.6.2 U.S. Tariff Policy – April 2025; 5.6.3 Global Trade Frictions And Their Impacts To Armoured Vehicles Market; 5.7 Esg Ratings Of Leading Companies
6 Armoured Vehicles Market Segmentation By Type: 6.1 Evaluation Matrix Of Segment Market Development Potential (Type); 6.2 Global Armoured Vehicles Sales Market Share By Type (2020-2025); 6.3 Global Armoured Vehicles Market Size Market Share By Type (2020-2025); 6.4 Global Armoured Vehicles Price By Type (2020-2025)
7 Armoured Vehicles Market Segmentation By Application: 7.1 Evaluation Matrix Of Segment Market Development Potential (Application); 7.2 Global Armoured Vehicles Market Sales By Application (2020-2025); 7.3 Global Armoured Vehicles Market Size (M Usd) By Application (2020-2025); 7.4 Global Armoured Vehicles Sales Growth Rate By Application (2020-2025)
8 Armoured Vehicles Market Sales By Region: 8.1 Global Armoured Vehicles Sales By Region; 8.1.1 Global Armoured Vehicles Sales By Region; 8.1.2 Global Armoured Vehicles Sales Market Share By Region; 8.2 Global Armoured Vehicles Market Size By Region; 8.2.1 Global Armoured Vehicles Market Size By Region; 8.2.2 Global Armoured Vehicles Market Size Market Share By Region; 8.3 North America; 8.3.1 North America Armoured Vehicles Sales By Country; 8.3.2 North America Armoured Vehicles Market Size By Country; 8.3.3 U.S. Market Overview; 8.3.4 Canada Market Overview; 8.3.5 Mexico Market Overview; 8.4 Europe; 8.4.1 Europe Armoured Vehicles Sales By Country; 8.4.2 Europe Armoured Vehicles Market Size By Country; 8.4.3 Germany Market Overview; 8.4.4 France Market Overview; 8.4.5 U.K. Market Overview; 8.4.6 Italy Market Overview; 8.4.7 Spain Market Overview; 8.5 Asia Pacific; 8.5.1 Asia Pacific Armoured Vehicles Sales By Region; 8.5.2 Asia Pacific Armoured Vehicles Market Size By Region; 8.5.3 China Market Overview; 8.5.4 Japan Market Overview; 8.5.5 South Korea Market Overview; 8.5.6 India Market Overview; 8.5.7 Southeast Asia Market Overview; 8.6 South America; 8.6.1 South America Armoured Vehicles Sales By Country; 8.6.2 South America Armoured Vehicles Market Size By Country; 8.6.3 Brazil Market Overview; 8.6.4 Argentina Market Overview; 8.6.5 Columbia Market Overview; 8.7 Middle East And Africa; 8.7.1 Middle East And Africa Armoured Vehicles Sales By Region; 8.7.2 Middle East And Africa Armoured Vehicles Market Size By Region; 8.7.3 Saudi Arabia Market Overview; 8.7.4 Uae Market Overview; 8.7.5 Egypt Market Overview; 8.7.6 Nigeria Market Overview; 8.7.7 South Africa Market Overview
9 Armoured Vehicles Market Production By Region: 9.1 Global Production Of Armoured Vehicles By Region(2020-2025); 9.2 Global Armoured Vehicles Revenue Market Share By Region (2020-2025); 9.3 Global Armoured Vehicles Production, Revenue, Price And Gross Margin (2020-2025); 9.4 North America Armoured Vehicles Production; 9.4.1 North America Armoured Vehicles Production Growth Rate (2020-2025); 9.4.2 North America Armoured Vehicles Production, Revenue, Price And Gross Margin (2020-2025); 9.5 Europe Armoured Vehicles Production; 9.5.1 Europe Armoured Vehicles Production Growth Rate (2020-2025); 9.5.2 Europe Armoured Vehicles Production, Revenue, Price And Gross Margin (2020-2025); 9.6 Japan Armoured Vehicles Production (2020-2025); 9.6.1 Japan Armoured Vehicles Production Growth Rate (2020-2025); 9.6.2 Japan Armoured Vehicles Production, Revenue, Price And Gross Margin (2020-2025); 9.7 China Armoured Vehicles Production (2020-2025); 9.7.1 China Armoured Vehicles Production Growth Rate (2020-2025); 9.7.2 China Armoured Vehicles Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile: 10.1 Am General; 10.1.1 Am General Basic Information; 10.1.2 Am General Armoured Vehicles Product Overview; 10.1.3 Am General Armoured Vehicles Product Market Performance; 10.1.4 Am General Business Overview; 10.1.5 Am General Swot Analysis; 10.1.6 Am General Recent Developments; 10.2 Bae Systems; 10.2.1 Bae Systems Basic Information; 10.2.2 Bae Systems Armoured Vehicles Product Overview; 10.2.3 Bae Systems Armoured Vehicles Product Market Performance; 10.2.4 Bae Systems Business Overview; 10.2.5 Bae Systems Swot Analysis; 10.2.6 Bae Systems Recent Developments; 10.3 Doosan Dst; 10.3.1 Doosan Dst Basic Information; 10.3.2 Doosan Dst Armoured Vehicles Product Overview; 10.3.3 Doosan Dst Armoured Vehicles Product Market Performance; 10.3.4 Doosan Dst Business Overview; 10.3.5 Doosan Dst Swot Analysis; 10.3.6 Doosan Dst Recent Developments; 10.4 Fnss; 10.4.1 Fnss Basic Information; 10.4.2 Fnss Armoured Vehicles Product Overview; 10.4.3 Fnss Armoured Vehicles Product Market Performance; 10.4.4 Fnss Business Overview; 10.4.5 Fnss Recent Developments; 10.5 General Dynamics; 10.5.1 General Dynamics Basic Information; 10.5.2 General Dynamics Armoured Vehicles Product Overview; 10.5.3 General Dynamics Armoured Vehicles Product Market Performance; 10.5.4 General Dynamics Business Overview; 10.5.5 General Dynamics Recent Developments; 10.6 Iveco; 10.6.1 Iveco Basic Information; 10.6.2 Iveco Armoured Vehicles Product Overview; 10.6.3 Iveco Armoured Vehicles Product Market Performance; 10.6.4 Iveco Business Overview; 10.6.5 Iveco Recent Developments; 10.7 Kmw; 10.7.1 Kmw Basic Information; 10.7.2 Kmw Armoured Vehicles Product Overview; 10.7.3 Kmw Armoured Vehicles Product Market Performance; 10.7.4 Kmw Business Overview; 10.7.5 Kmw Recent Developments; 10.8 Kurganmashzavod; 10.8.1 Kurganmashzavod Basic Information; 10.8.2 Kurganmashzavod Armoured Vehicles Product Overview; 10.8.3 Kurganmashzavod Armoured Vehicles Product Market Performance; 10.8.4 Kurganmashzavod Business Overview; 10.8.5 Kurganmashzavod Recent Developments; 10.9 Lockheed Martin; 10.9.1 Lockheed Martin Basic Information; 10.9.2 Lockheed Martin Armoured Vehicles Product Overview; 10.9.3 Lockheed Martin Armoured Vehicles Product Market Performance; 10.9.4 Lockheed Martin Business Overview; 10.9.5 Lockheed Martin Recent Developments; 10.10 Navistar Defense; 10.10.1 Navistar Defense Basic Information; 10.10.2 Navistar Defense Armoured Vehicles Product Overview; 10.10.3 Navistar Defense Armoured Vehicles Product Market Performance; 10.10.4 Navistar Defense Business Overview; 10.10.5 Navistar Defense Recent Developments; 10.11 Nexter Systems; 10.11.1 Nexter Systems Basic Information; 10.11.2 Nexter Systems Armoured Vehicles Product Overview; 10.11.3 Nexter Systems Armoured Vehicles Product Market Performance; 10.11.4 Nexter Systems Business Overview; 10.11.5 Nexter Systems Recent Developments; 10.12 Norinco; 10.12.1 Norinco Basic Information; 10.12.2 Norinco Armoured Vehicles Product Overview; 10.12.3 Norinco Armoured Vehicles Product Market Performance; 10.12.4 Norinco Business Overview; 10.12.5 Norinco Recent Developments; 10.13 Oshkosh; 10.13.1 Oshkosh Basic Information; 10.13.2 Oshkosh Armoured Vehicles Product Overview; 10.13.3 Oshkosh Armoured Vehicles Product Market Performance; 10.13.4 Oshkosh Business Overview; 10.13.5 Oshkosh Recent Developments; 10.14 Panhard; 10.14.1 Panhard Basic Information; 10.14.2 Panhard Armoured Vehicles Product Overview; 10.14.3 Panhard Armoured Vehicles Product Market Performance; 10.14.4 Panhard Business Overview; 10.14.5 Panhard Recent Developments; 10.15 Patria; 10.15.1 Patria Basic Information; 10.15.2 Patria Armoured Vehicles Product Overview; 10.15.3 Patria Armoured Vehicles Product Market Performance; 10.15.4 Patria Business Overview; 10.15.5 Patria Recent Developments; 10.16 Renault Trucks Defense; 10.16.1 Renault Trucks Defense Basic Information; 10.16.2 Renault Trucks Defense Armoured Vehicles Product Overview; 10.16.3 Renault Trucks Defense Armoured Vehicles Product Market Performance; 10.16.4 Renault Trucks Defense Business Overview; 10.16.5 Renault Trucks Defense Recent Developments; 10.17 Rheinmetall Defence; 10.17.1 Rheinmetall Defence Basic Information; 10.17.2 Rheinmetall Defence Armoured Vehicles Product Overview; 10.17.3 Rheinmetall Defence Armoured Vehicles Product Market Performance; 10.17.4 Rheinmetall Defence Business Overview; 10.17.5 Rheinmetall Defence Recent Developments; 10.18 Textron Inc; 10.18.1 Textron Inc Basic Information; 10.18.2 Textron Inc Armoured Vehicles Product Overview; 10.18.3 Textron Inc Armoured Vehicles Product Market Performance; 10.18.4 Textron Inc Business Overview; 10.18.5 Textron Inc Recent Developments; 10.19 Thales Australia; 10.19.1 Thales Australia Basic Information; 10.19.2 Thales Australia Armoured Vehicles Product Overview; 10.19.3 Thales Australia Armoured Vehicles Product Market Performance; 10.19.4 Thales Australia Business Overview; 10.19.5 Thales Australia Recent Developments; 10.20 Uralvagonzavod; 10.20.1 Uralvagonzavod Basic Information; 10.20.2 Uralvagonzavod Armoured Vehicles Product Overview; 10.20.3 Uralvagonzavod Armoured Vehicles Product Market Performance; 10.20.4 Uralvagonzavod Business Overview; 10.20.5 Uralvagonzavod Recent Developments
11 Armoured Vehicles Market Forecast By Region: 11.1 Global Armoured Vehicles Market Size Forecast; 11.2 Global Armoured Vehicles Market Forecast By Region; 11.2.1 North America Market Size Forecast By Country; 11.2.2 Europe Armoured Vehicles Market Size Forecast By Country; 11.2.3 Asia Pacific Armoured Vehicles Market Size Forecast By Region; 11.2.4 South America Armoured Vehicles Market Size Forecast By Country; 11.2.5 Middle East And Africa Forecasted Sales Of Armoured Vehicles By Country
12 Forecast Market By Type And By Application (2026-2033): 12.1 Global Armoured Vehicles Market Forecast By Type (2026-2033); 12.1.1 Global Forecasted Sales Of Armoured Vehicles By Type (2026-2033); 12.1.2 Global Armoured Vehicles Market Size Forecast By Type (2026-2033); 12.1.3 Global Forecasted Price Of Armoured Vehicles By Type (2026-2033); 12.2 Global Armoured Vehicles Market Forecast By Application (2026-2033); 12.2.1 Global Armoured Vehicles Sales (K Units) Forecast By Application; 12.2.2 Global Armoured Vehicles Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings