Military Trucks Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Cargo/Logistics Carrier, Troop Carrier, Utility); Truck Type (Light Truck, Medium Truck, Heavy Truck); Propulsion Type (Electric/Hybrid, Gasoline, Diesel); Transmission Type (Automatic Transmission, Semi-Automatic Transmission, Manual Transmission) and Geography
Report Code: TIPRE00025009
| No. of Pages: 150
| Category: Aerospace and Defense
| Status: Upcoming
Military trucks are specially developed operational vehicles used by armed forces. The military trucks build to withstand and function in the harsh environment. These trucks are used to transport essential supplies as well as troops, fuel, and arms & ammunitions. Military trucks are comparatively heavier than commercial trucks as these trucks majorly have armor plates and also have more powers. These trucks have robust off-road capabilities. The military trucks majorly diesel powered, however with advancement in battery technology, electric powered military trucks are expected to witness traction over the year.
The military trucks market is experiencing significant growth owing to the growing board and security patrol activities by armed forces across the globe. However, increase in practice of airdrop by aircraft for supplying supplies can hamper the growth of military trucks market. Meanwhile, the increasing defense budgets of governments across the globe for procuring advance vehicle is expected to flourish the military trucks market.
The "Military Trucks Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense with a special focus on the global market trend analysis. The report aims to provide an overview of military trucks market with detailed market segmentation by application, truck type, propulsion type, transmission type, and geography. The global military trucks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading military trucks market players and offers key trends and opportunities in the military trucks market.
The global military trucks market is segmented on the basis of application, truck type, propulsion type, and transmission type. Based on application, the market is segmented into cargo/logistics carrier, troop carrier, and utility. On the basis of truck type, the market is segmented as light truck, medium truck, and heavy truck. On the basis of propulsion type, the market is segmented as electric/hybrid, gasoline, and diesel. On the basis of transmission type, the market is segmented as automatic transmission, semi-automatic transmission, and manual transmission.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global military trucks market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The military trucks market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting military trucks market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters Five Forces analysis highlighting the factors affecting the military trucks market in these regions.
IMPACT OF COVID-19 ON MILITARY TRUCKS MARKET
The outbreak of the COVID-19 has severely impacted the defense and other related industries. The disruption has had leave an impact on the defense industry. However, the pandemic has proved that careful coordination is required between all border agencies to ensure effective security measures. Moreover, demand for defense related products such as military trucks will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic and the projects are extremely critical to national defense.
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The reports cover key developments in the military trucks market 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 activities 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 military trucks market are anticipated to lucrative growth opportunities in the future with the rising demand for military trucks market. Below mentioned is the list of few companies engaged in the military trucks market.
The report also includes the profiles of key military trucks market companies 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.
Oshkosh Defense, LLC
General Dynamics Land Systems
IVECO DEFENCE VEHICLES
MITSUBISHI HEAVY INDUSTRIES, LTD.
Hyundai Motor Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Oshkosh Defense, LLC
2. General Dynamics Land Systems
3. Rheinmetall AG
4. Tata Motors
5. Krauss-Maffei Wegmann
7. IVECO DEFENCE VEHICLES
8. MITSUBISHI HEAVY INDUSTRIES, LTD.
9. Hyundai Motor Company