The Europe Armored Vehicle market was valued at $7,640.9 Million in 2025, and is projected to reach $9,103.0 Million by 2032 growing at a CAGR of 2.57% from 2026 to 2032. MBT segment is expected to be the highest contributor to this market, with $2,308.4 Million in 2025, and is anticipated to reach $2,775.6 by 2032, registering a CAGR of 2.71%. APC segment is anticipated to reach $1,242.0 Million by 2032 with the highest CAGR of 2.95%. MBT and IFV segments collectively expected to account for about 54.7% share of the Europe Armored Vehicle market in 2025, with the former constituting around 30.2% share. APC and MBT segments are expected to witness significant growth rates at a CAGR of 2.95% and 2.71% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 43.5% in the overall Europe Armored Vehicle market in 2025, and is anticipated to reach 44.1% by 2032.
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