Military Trucks

Global Military Trucks Market to Reach 23.6 Thousand Units by 2030

The global market for Military Trucks estimated at 18.9 Thousand Units in the year 2024, is expected to reach 23.6 Thousand Units by 2030, growing at a CAGR of 3.8% over the analysis period 2024-2030. Heavy, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach 9.9 Thousand Units by the end of the analysis period. Growth in the Light segment is estimated at 3.7% CAGR over the analysis period.

The U.S. Market is Estimated at 5.0 Thousand Units While China is Forecast to Grow at 5.9% CAGR

The Military Trucks market in the U.S. is estimated at 5.0 Thousand Units in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of 4.9 Thousand Units by the year 2030 trailing a CAGR of 5.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Global Military Trucks Market - Key Trends and Drivers Summarized

How Are Military Trucks Supporting Ground Operations?

Military trucks are a critical component of ground operations, providing the transportation and logistical support needed to move personnel, equipment, and supplies across challenging terrain. These trucks are designed to operate in extreme conditions, including rough terrains, harsh climates, and combat zones, ensuring that military forces can maintain mobility and operational readiness in any environment. Military trucks come in various configurations, including light, medium, and heavy-duty vehicles, each designed for specific tasks, such as troop transport, cargo delivery, and equipment recovery. The demand for military trucks is growing as defense organizations seek to modernize their fleets and enhance mobility in combat and support missions. Advanced military trucks are equipped with modern technologies, such as GPS navigation systems, communication equipment, and autonomous driving capabilities, to improve operational efficiency and reduce the risk to personnel. Additionally, military trucks are being developed with increased payload capacity, improved fuel efficiency, and enhanced protection against threats such as mines and improvised explosive devices (IEDs).

What Technological Advancements Are Shaping the Military Trucks Market?

Several key advancements are shaping the military trucks market, including the development of hybrid and electric vehicles, autonomous driving systems, and advanced armor technologies. The shift towards hybrid and electric military trucks is being driven by the need for more fuel-efficient and environmentally sustainable vehicles. These trucks offer extended range and reduced fuel consumption, making them ideal for long-range missions in remote areas where fuel resupply is limited. Electric military trucks are also quieter than traditional diesel-powered vehicles, providing a tactical advantage in stealth operations. Autonomous driving technologies are another significant trend in the military trucks market. Unmanned military trucks can be used for supply convoys, reducing the risk to personnel in dangerous environments. Additionally, advancements in armor technologies are enhancing the survivability of military trucks by providing better protection against ballistic threats, mines, and IEDs. Modern military trucks are also equipped with active protection systems that can detect and neutralize incoming threats, improving the safety of troops and cargo.

How Do Market Segments Define the Growth of Military Trucks?

Types of military trucks include light, medium, and heavy-duty trucks, with heavy-duty trucks accounting for the largest market share due to their use in transporting heavy equipment and supplies. Light-duty trucks, used primarily for troop transport and reconnaissance missions, are also experiencing significant growth as military forces focus on mobility and rapid response capabilities. In terms of payload capacity, military trucks are categorized by their ability to carry specific weight loads, ranging from light trucks with payloads under 2.5 tons to heavy trucks that can carry over 10 tons. The heavy-duty segment is expected to see the highest growth due to the increasing need for transporting large equipment and supplies in combat and logistics operations. Applications of military trucks include troop transport, cargo delivery, and equipment recovery, with cargo delivery representing the largest market segment.

What Factors Are Driving the Growth in the Military Trucks Market?

The growth in the military trucks market is driven by several factors, including the modernization of military fleets, the increasing demand for fuel-efficient and autonomous vehicles, and the need for enhanced mobility in ground operations. As defense organizations focus on improving the mobility and logistics capabilities of their forces, the demand for advanced military trucks is rising. The development of hybrid and electric military trucks is also contributing to market growth, as these vehicles offer greater range and fuel efficiency. Additionally, the increasing adoption of autonomous driving technologies and advanced armor systems is enhancing the operational capabilities and survivability of military trucks, creating new opportunities for growth in the market.

SCOPE OF STUDY:

The report analyzes the Military Trucks market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Truck Type (Heavy, Light, Medium); Transmission Type (Automatic, Semi-Automatic, Manual); Application (Cargo / Logistics, Troop, Utility)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Arquus
• General Dynamics
• Iveco S.p.A.
• Krauss-Maffei Wegmann
• Mercedes-Benz AG
• Mitsubishi Heavy Industries
• Oshkosh Corporation, Inc.
• Rheinmetall AG
• Tata Motors
• Tatra Trucks A.S.
• Textron Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

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