Rest of Europe Armored Vehicle Market Databank

The Rest of Europe Armored Vehicle market was valued at $1,811.2 Million in 2025, and is projected to reach $2,064.6 Million by 2032 growing at a CAGR of 1.92% from 2026 to 2032. MBT segment is expected to be the highest contributor to this market, with $551.7 Million in 2025, and is anticipated to reach $634.3 Million by 2032, registering a CAGR of 2.05%. APC segment is anticipated to reach $283.7 Million by 2032 with the highest CAGR of 2.37%. MBT and IFV segments collectively expected to account for about 54.9% share of the Rest of Europe Armored Vehicle market in 2025, with the former constituting around 30.5% share. APC and MBT segments are expected to witness significant growth rates at a CAGR of 2.37% and 2.05% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 43.8% in the overall Rest of Europe Armored Vehicle market in 2025, and is anticipated to reach 44.5% by 2032.