The Mexico Armored Vehicle market was valued at $237.1 Million in 2025, and is projected to reach $321.8 Million by 2032 growing at a CAGR of 4.50% from 2026 to 2032. MBT segment is expected to be the highest contributor to this market, with $71.1 Million in 2025, and is anticipated to reach $97.5 Million by 2032, registering a CAGR of 4.65%. APC segment is anticipated to reach $43.7 Million by 2032 with the highest CAGR of 4.89%. MBT and IFV segments collectively expected to account for about 54.0% share of the Mexico Armored Vehicle market in 2025, with the former constituting around 30.0% share. APC and MBT segments are expected to witness significant growth rates at a CAGR of 4.89% and 4.65% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 43.2% in the overall Mexico Armored Vehicle market in 2025, and is anticipated to reach 43.9% by 2032.
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