Armored Vehicle Manufacturing
The Armored Vehicle Manufacturing industry experienced significant declines over the five years to 2017. Prior to the five-year period, US combat operations in the Middle East and a climbing defense budget created a boom in demand for armored vehicles. However, just before the current five-year period, this trend reversed. The United States began to wind down combat operations in the Middle East, the defense budget was cut and the sequestration eventually kicked in. Over the five years to 2022, the defense budget is anticipated to eventually stabilize, and development and production programs like the Armored Multi-Purpose Vehicle and the Joint Light Tactical Vehicle should increase demand for industry products. Moreover, increasing geopolitical tensions are anticipated to help operators maintain relatively high exports orders as more nations demand armored vehicles in order to stay ahead of rivals. Lastly, operators will also benefit from continued modification programs for the existing armored vehicle fleet.
This industry includes establishments engaged in manufacturing, modifying, repairing and servicing military armored vehicles. These vehicles are used in combat to transport infantry and munitions or to provide combat support. Tanks are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook