Tank & Armored Vehicle Manufacturing in the US
Over the five years to 2019, the Tank and Armored Vehicle Manufacturing industry benefited from a strong recovery after taking a direct hit from plummeting demand. Before the current five-year period, demand for industry products skyrocketed due to the United States' involvement in two wars, which increased demand for industry products. However, as the United States began to scale down combat operations in the Middle East toward the beginning of the five-year period, the defense budget was reduced, sequestration kicked in and spending on industry products plunged. The defense budget is expected to gradually increase, with programs such as the Armored Multi-Purpose Vehicle and the Joint Light Tactical Vehicle, in particular, expected to drive demand for industry products. In addition, increasing geopolitical tensions are anticipated to maintain a high demand for industry exports as more nations boost their defense spending.
This US industry manufactures complete military armored vehicles, combat tanks and specialized components for combat tanks, including self-propelled weapons.
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.