Global Armored Personnel Carrier Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Armored Personnel Carrier market size was valued at US$ 23630 million in 2024 and is forecast to a readjusted size of USD 36880 million by 2031 with a CAGR of 6.6% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
An armored personnel carrier (APC), also known as an armored combat vehicle, armored car, or infantry mobility vehicle, is an armored vehicle designed to carry troops and equipment into the battlefield. APCs weigh less than the infantry fighting vehicles and main battle tanks and hence are more mobile. Unlike the infantry fighting vehicles (IFV), APCs do not participate in the direct-fire battle and are primarily designed for transport. However, they are lightly armed for self-defense and are armored for protection against shrapnel, small arms, and artillery fire. Furthermore, certain types of APCs are used by non-military organizations as well.
According to the 2022 global military expenditure statistics report released by the SIPRI, global military spending in 2022 maintained growth for the eighth consecutive year, an increase of 3.7% compared with 2021, reaching $2.24 trillion. The United States had the largest military expenditure in the world, with a size of $877 billion, accounting for 39% of the worlds total military expenditure. China and Russia were second and third, respectively. Ukraines defense spending increased by 640% in 2022, making it the 11th largest defense spender in the world. The UK had the highest defence spending in Central and Western Europe at $68.5 billion. France, South Korea and Japan also rank among the worlds top 10 defense spenders.
This report is a detailed and comprehensive analysis for global Armored Personnel Carrier market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Armored Personnel Carrier market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Armored Personnel Carrier market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Armored Personnel Carrier market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Armored Personnel Carrier market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Armored Personnel Carrier
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Armored Personnel Carrier market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BAE Systems, DRB-HICOM Defense Technologies, FNSS Savunma Sistemleri, General Dynamics Corporation, Hanwha Defense Systems, Nurol Makina ve Sanayi, Terradyne Armored Vehicles, Iveco Oto Melara Consortium, Katmerciler, MorozovKMDB, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Armored Personnel Carrier market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Wheeled APC
Tracked APC
Market segment by Application
Military
Law Enforcement
Others
Major players covered
BAE Systems
DRB-HICOM Defense Technologies
FNSS Savunma Sistemleri
General Dynamics Corporation
Hanwha Defense Systems
Nurol Makina ve Sanayi
Terradyne Armored Vehicles
Iveco Oto Melara Consortium
Katmerciler
MorozovKMDB
Krauss-Maffei Wegmann
Rheinmetall
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Armored Personnel Carrier product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Armored Personnel Carrier, with price, sales quantity, revenue, and global market share of Armored Personnel Carrier from 2020 to 2025.
Chapter 3, the Armored Personnel Carrier competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Armored Personnel Carrier breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Armored Personnel Carrier market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Armored Personnel Carrier.
Chapter 14 and 15, to describe Armored Personnel Carrier sales channel, distributors, customers, research findings and conclusion.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
An armored personnel carrier (APC), also known as an armored combat vehicle, armored car, or infantry mobility vehicle, is an armored vehicle designed to carry troops and equipment into the battlefield. APCs weigh less than the infantry fighting vehicles and main battle tanks and hence are more mobile. Unlike the infantry fighting vehicles (IFV), APCs do not participate in the direct-fire battle and are primarily designed for transport. However, they are lightly armed for self-defense and are armored for protection against shrapnel, small arms, and artillery fire. Furthermore, certain types of APCs are used by non-military organizations as well.
According to the 2022 global military expenditure statistics report released by the SIPRI, global military spending in 2022 maintained growth for the eighth consecutive year, an increase of 3.7% compared with 2021, reaching $2.24 trillion. The United States had the largest military expenditure in the world, with a size of $877 billion, accounting for 39% of the worlds total military expenditure. China and Russia were second and third, respectively. Ukraines defense spending increased by 640% in 2022, making it the 11th largest defense spender in the world. The UK had the highest defence spending in Central and Western Europe at $68.5 billion. France, South Korea and Japan also rank among the worlds top 10 defense spenders.
This report is a detailed and comprehensive analysis for global Armored Personnel Carrier market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Armored Personnel Carrier market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Armored Personnel Carrier market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Armored Personnel Carrier market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2020-2031
Global Armored Personnel Carrier market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Armored Personnel Carrier
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Armored Personnel Carrier market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BAE Systems, DRB-HICOM Defense Technologies, FNSS Savunma Sistemleri, General Dynamics Corporation, Hanwha Defense Systems, Nurol Makina ve Sanayi, Terradyne Armored Vehicles, Iveco Oto Melara Consortium, Katmerciler, MorozovKMDB, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Armored Personnel Carrier market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Wheeled APC
Tracked APC
Market segment by Application
Military
Law Enforcement
Others
Major players covered
BAE Systems
DRB-HICOM Defense Technologies
FNSS Savunma Sistemleri
General Dynamics Corporation
Hanwha Defense Systems
Nurol Makina ve Sanayi
Terradyne Armored Vehicles
Iveco Oto Melara Consortium
Katmerciler
MorozovKMDB
Krauss-Maffei Wegmann
Rheinmetall
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Armored Personnel Carrier product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Armored Personnel Carrier, with price, sales quantity, revenue, and global market share of Armored Personnel Carrier from 2020 to 2025.
Chapter 3, the Armored Personnel Carrier competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Armored Personnel Carrier breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Armored Personnel Carrier market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Armored Personnel Carrier.
Chapter 14 and 15, to describe Armored Personnel Carrier sales channel, distributors, customers, research findings and conclusion.
Table of Contents
122 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Armored Personnel Carrier by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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