MARKET INTRODUCTION
An armored personnel carrier (APC) is a broad type of armored military vehicle designed to transport personnel and equipment in combat zones. a tracked military vehicle with steel or aluminum is used to transport troops in combat and is usually fitted with light armament. The rising adoption of crewless combat ground vehicles by defense sectors in different countries is expected to bolster the demand for armored vehicles in the future. The market is also divided into type, a number of occupants, and range.
MARKET SCOPE
The "Armoured Personnel Carrier Market Analysis from 2021 to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the armoured personnel carrier market with detailed market segmentation by type, number of occupants, range, and geography. The report provides key statistics on the market status of the leading armoured personnel carrier market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
On the basis of type, the market is segmented into tracked and wheeled.
On the basis of the Number of occupants, it is segmented into Less than 10, 10 to 15, and More than 15.
On the basis of range, it is segmented into 200 -400 Km, 400-600Km and Above 600Km.
MARKET DYNAMICS
Drivers - The increase in defense budgets is propelling the armored personnel carrier market.
Restraints- High vibrations and sounds associated with tracked APCs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The armoured personnel carrier market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive porter's five forces analysis evaluating the factors affecting the armoured personnel carrier market in these regions.
Impact of COVID-19 on Armored Personnel Carrier Market
The COVID-19 pandemic has caused a multi-level impact on economies globally. The global manufacturing of automotive parts, components, and assembly lines has been severely impacted. Although the production of armored personnel Carrier is of prime importance, disruptions in the supply chain have affected their manufacturing for the time being. Resuming the manufacturing and deliveries of armored personnel carrier depends on the level of COVID-19 exposure a country is facing, the level at which manufacturing operations are running, and import-export regulations, among others. Although companies may still be taking in orders, delivery schedules might not be on time.
MARKET PLAYERS
The report covers key developments in the armored personnel carriers (APCs) as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from armored personnel carriers market are anticipated to have lucrative growth opportunities in the future with the rising demand for armored personnel carriers Market in the global market. Below mentioned is the list of few companies engaged in the armored personnel carriers market .
The report also includes the profiles of key players in armored personnel carriers market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ARTEC GmbH
- Patria
- General Dynamics European Land Systems
- Mahindra Emirates Vehicle Armouring Fz
- Military Industrial Company LLC
- Otokar Otomotiv ve Savunma Sanayi A.
- NIMR Automotive
- Tata Motors
- Hanwa Corporation
- Textron Systems
Armored Personnel Carrier Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ XX million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2025 - 2031) | XX% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
- Aircraft MRO Market
- Helicopter Hoists Winches and Hooks Market
- Fixed-Base Operator Market
- Aerospace Fasteners Market
- Aerospace Stainless Steel And Superalloy Fasteners Market
- Aircraft Floor Panel Market
- Military Optronics Surveillance and Sighting Systems Market
- Smoke Grenade Market
- Airport Runway FOD Detection Systems Market
- Artillery Systems Market
Testimonials

I wish to appreciate your support and the professionalism you displayed in the course of attending to my request for information regarding to infectious disease IVD market in Nigeria. I appreciate your patience, your guidance, and the fact that you were willing to offer a discount, which eventually made it possible for us to close a deal. I look forward to engaging The Insight Partners in the future, all thanks to the impression you have created in me as a result of this first encounter.
DR CHIJIOKE ONYIA, MANAGING DIRECTOR, PineCrest Healthcare Ltd.
The Insight Partners delivered insightful, well-structured market research with strong domain expertise. Their team was professional and responsive throughout. The user-friendly website made accessing industry reports seamless. We highly recommend them for reliable, high-quality research services
Yukihiko Adachi CEO, Deep Blue, LLC.Reason to Buy
- Informed Decision-Making
- Understanding Market Dynamics
- Competitive Analysis
- Customer Insights
- Market Forecasts
- Risk Mitigation
- Strategic Planning
- Investment Justification
- Identifying Emerging Markets
- Enhancing Marketing Strategies
- Boosting Operational Efficiency
- Tracking Industry Innovations
- Aligning with Regulatory Trends
Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.
Absolutely — analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.
Once your order is successfully placed, you will receive a confirmation email along with your invoice.
• For published reports: You’ll receive access to the report within 4–6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.
We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we’ll be happy to provide a customized proposal or scope.
The report is available in either PDF format or as an Excel dataset, depending on the license you choose.
The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.
Our payment process is fully secure and PCI-DSS compliant.
We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.
Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we’re happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you’re considering, and we’ll share a personalized quote.
Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report’s scope, methodology, customization options, or which license suits you best, we’re here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.
Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we’ll be happy to assist.
Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we’ll ensure the issue is resolved quickly so you can access your report without interruption.















1.ARTEC GmbH
2.Patria
3.General Dynamics European Land Systems
4.Mahindra Emirates Vehicle Armouring Fz
5.Military Industrial Company LLC
6.Otokar Otomotiv ve Savunma Sanayi A.
7.NIMR Automotive
8.Tata Motors
9.Hanwa Corporation
10.Textron Systems


