The China Armored Vehicle market was valued at $4,556.1 Million in 2025, and is projected to reach $6,489.7 Million by 2032 growing at a CAGR of 5.22% from 2026 to 2032. MBT segment is expected to be the highest contributor to this market, with $1,381.1 Million in 2025, and is anticipated to reach $1,980.0 Million by 2032, registering a CAGR of 5.32%. APC segment is anticipated to reach $885.8 Million by 2032 with the highest CAGR of 5.63%. MBT and IFV segments collectively expected to account for about 54.9% share of the China Armored Vehicle market in 2025, with the former constituting around 30.3% share. APC and MBT segments are expected to witness significant growth rates at a CAGR of 5.63% and 5.32% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 43.6% in the overall China Armored Vehicle market in 2025, and is anticipated to reach 44.2% by 2032.
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