[Research Report] The Military Truck market is projected to grow from US$ 19,052.77 million in 2023 to US$ 22,537.79 million by 2028; it is estimated to register a CAGR of 3.4% from 2023 to 2028.
Governments of various countries continuously focus on strengthening their military capabilities by spending more on the modernization of their operations. According to Global Firepower, the US, China, Russia, India, and Germany are the top 5 nations with the largest defense budget in 2023. In March 2023, the US Department of Defense (DoD) proposed a request to provide US$ 842 billion to the DoD in the defense budget for the fiscal year 2024, which is higher by US$ 26 billion from FY 2023 and US$ 100 billion from FY 2022. Out of this, the US government has allotted US$ 13.9 billion for the modernization of combat equipment used by the US Army and Marine Corps, which include armored multipurpose vehicles, amphibious combat vehicles, and optionally manned fighting vehicles. In addition, US$ 271 million is allotted for the US Army to modernize next-generation combat vehicles with silent watch and mobility features, increased operational duration, and more onboard electrical power.
In February 2023, the Government of India announced the allocation of a total budget of US$ 72.64 billion (INR 593,537.64 crore) to the Ministry of Defense, with an increase of 13.0% compared to the amount allocated in 2022. Out of this, capital allocations of US$ 19.9 billion (Rs 162,600 crore) are for the modernization and infrastructure development of defense services, which indicates a rise of 6.7% compared to 2022. Out of this total budget allotted to MoD, ~57% will be for the Indian Army. Furthermore, in 2023, the Indian Army received 23% of the total modernization funds among the defense services. Moreover, in March 2023, the government of China announced its official defense budget of ~US$ 224.8 billion for FY 2023, marking a 7.2% increase compared to 2022. According to the defense ministry of the country, the increased defense expenditure helps provide Chinese forces with better training and more advanced equipment. Thus, the growing defense expenditure by governments of different countries would create significant opportunities for the growth of the military truck market during the forecast period.
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Military Truck Market: Strategic Insights
Market Size Value in US$ 19,052.77 million in 2023 Market Size Value by US$ 22,537.79 million by 2028 Growth rate CAGR of 3.4% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2023
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Military Truck Market: Strategic Insights
| Market Size Value in | US$ 19,052.77 million in 2023 |
| Market Size Value by | US$ 22,537.79 million by 2028 |
| Growth rate | CAGR of 3.4% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2023 |
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Impact of COVID-19 Pandemic on Europe Military Truck Market Growth
Germany, Italy, the UK, Russia, France, and Spain were the most-affected countries by the onset of the COVID-19 pandemic. Governments of various countries in Europe imposed various regulations to curb the spread of SARS-CoV-2. Several countries in the region witnessed an economic hit and a decline in industrial activities in Q2 of 2020. Many European countries particularly closed their borders and implemented drastic measures on the transport of goods. All the above restrictions by governments of European countries have drastically affected the military truck market growth in the region. However, in Q1 of 2021, after the government restrictions were lifted, the market players restarted their manufacturing activities, and governments of the abovementioned European countries purchased military vehicles. For instance, in August 2022, Tatra Trucks announced that they had received an order to deliver 209 trucks of the T-815-7 6x6 model to the Czech army. For this order, the government of the Czech Republic claimed to invest ~US$ 125.70 million. Thus, the increasing investments by the government to purchase advanced military vehicles to strengthen their armed forces are expected to fuel the market growth during the forecast period.
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Market Insights – Military Truck Market
Electrification of Military Vehicles to Drive Military Truck Market Growth in Coming Years
Using the fueled military vehicle can be expensive for the armed forces. The US military has been one of the largest consumers of petroleum, using ~4.2 billion gallons of fuel each year. The Defense Logistics Agencies had to spend over US$ 9 billion on fuel in 2019. Thus, to lessen the spending on fuel, the US Army is investing in pilot programs for electric and hybrid vehicles
Truck Type-Based Military Truck Market Insights
Based on truck type, the military truck market is segmented into light truck, medium truck, and heavy truck. The heavy truck segment accounted for the largest share of the market in 2022. The increasing investment in military expenditure by the countries for cargo and troop transportation activity in remote locations is augmenting the segment growth. Furthermore, the enhanced efficiency and comfort in heavy truck driving experience accelerate the segment growth.
Players operating in the military truck market mainly adopt inorganic growth strategies to stay competitive in the market ecosystem.
- In June 2022, General Dynamics European Land Systems (GDELS) announced the launch of its first all-electric all-terrain vehicle, the DURO-e 4x4. Developed in cooperation with MAGNA-Engineering Center Steyr and Phi-Power, the DURO-e is based on the DURO, a highly mobile all-terrain tactical vehicle used by the Swiss Army. The new electric vehicle includes advanced technologies such as hybridization, electrification, onboard power generation, and drive technologies needed for manned-unmanned teaming (MUM-T) capabilities with automated/autonomous operation features.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, Truck Type, Propulsion Type, and Transmission Type
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The military truck market is expected to register an incremental growth value of US$ 4,028.27 million during the forecast period.
Troop carrier segment is expected to hold a major market share of military truck market in 2023.
The global market size of military truck market by 2028 will be around US$ 22,537.79 million
France, India, and Russia are expected to register high growth rate during the forecast period.
The US is expected to hold a major market share of military truck market in 2023.
Asia Pacific is expected to register highest CAGR in the military truck market during the forecast period (2023-2028)
Volvo Defense AB; Tata Motors Ltd; Rheinmetall AG; Oshkosh Corporation; General Dynamics European Land Systems SLU are the key market players expected to hold a major market share of military truck market in 2023.
Electrification of Military Vehicles
1. Initiatives by Governments to Expand Their Military Troops
2. Efforts by Companies to Provide High-Mobility and Multipurpose Solutions for Transportation
The estimated global market size for the military truck market in 2023 is expected to be around US$ 19,052.77 million
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Military Truck Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia-Pacific
4.2.4 Middle East and Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Military Truck Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Initiatives by Governments to Expand Their Military Troops
5.1.2 Efforts by Companies to Provide High-Mobility and Multipurpose Solutions for Transportation
5.2 Key Market Restraints
5.2.1 Growing Use of Robots in Military Operations
5.3 Key Market Opportunities
5.3.1 Upsurge in Defense Budget
5.4 Future Trends
5.4.1 Electrification of Military Vehicles
5.5 Impact Analysis of Drivers And Restraints
6. Military Truck – Global Market Analysis
6.1 Global Military Truck Market Overview
6.2 Global Military Truck Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. Military trucks Market – By Application
7.1 Overview
7.2 Military trucks Market, by Application (2022 and 2028)
7.3 Cargo/Logistics Carrier
7.3.1 Overview
7.3.2 Cargo/Logistics Carrier: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
7.4 More Than 200 Miles
7.4.1 Overview
7.4.2 More Than 200 Miles: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
8. Military trucks Market Analysis – By Propulsion Type
8.1 Overview
8.2 Military trucks Market, by Propulsion Type (2022 and 2028)
8.3 BEV
8.3.1 Overview
8.3.2 BEV: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
8.4 PHEV
8.4.1 Overview
8.4.2 PHEV: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
8.5 FCEV
8.5.1 Overview
8.5.2 FCEV: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
9. Military trucks Market – By Vehicle Type
9.1 Overview
9.2 Military trucks Market, by Vehicle Type (2022 and 2028)
9.3 Light-Duty Trucks
9.3.1 Overview
9.3.2 Light-Duty Trucks: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Medium Trucks
9.4.1 Overview
9.4.2 Medium Trucks: Military Trucks Market– Revenue and Forecast to 2028 (US$ Million)
9.5 Heavy Trucks
9.5.1 Overview
9.5.2 Heavy Trucks: Military Trucks Market– Revenue and Forecast to 2028 (US$ Million)
10. Military trucks Market – By Transmission Type
10.1 Overview
10.2 Military trucks Market, by Level of Automation (2022 and 2028)
10.3 Manual Transmission
10.3.1 Overview
10.3.2 Manual Transmission: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
10.4 Automatic Transmission
10.4.1 Overview
10.4.2 Fully-Autonomous: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
11. Military Truck Market – Geographic Analysis
11.1 Overview
11.2 North America: Military Truck Market
11.2.1 North America: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 North America: Military Truck Market, By Truck type
11.2.3 North America: Military Truck Market, By Propulsion type
11.2.4 North America: Military Truck Market, By Transmission type
11.2.5 North America: Military Truck Market, By Application
11.2.6 North America: Military Truck Market, By Key Country
11.2.6.1 US: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 US: Military Truck Market, By Truck type
11.2.6.1.2 US: Military Truck Market, By Propulsion type
11.2.6.1.3 US: Military Truck Market, By Transmission type
11.2.6.1.4 US: Military Truck Market, By Application
11.2.6.2 Canada: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 Canada: Military Truck Market, By Truck type
11.2.6.2.2 Canada: Military Truck Market, By Propulsion type
11.2.6.2.3 Canada: Military Truck Market, By Transmission type
11.2.6.2.4 Canada: Military Truck Market, By Application
11.2.6.3 Mexico: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Mexico: Military Truck Market, By Truck type
11.2.6.3.2 Mexico: Military Truck Market, By Propulsion type
11.2.6.3.3 Mexico: Military Truck Market, By Transmission type
11.2.6.3.4 Mexico: Military Truck Market, By Application
11.3 Europe: Military Truck Market
11.3.1 Europe: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 Europe: Military Truck Market, By Truck type
11.3.3 Europe: Military Truck Market, By Propulsion type
11.3.4 Europe: Military Truck Market, By Transmission type
11.3.5 Europe: Military Truck Market, By Application
11.3.6 Europe: Military Truck Market, By Key Country
11.3.6.1 Germany: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 Germany: Military Truck Market, By Truck type
11.3.6.1.2 Germany: Military Truck Market, By Propulsion type
11.3.6.1.3 Germany: Military Truck Market, By Transmission type
11.3.6.1.4 Germany: Military Truck Market, By Application
11.3.6.2 France: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 France: Military Truck Market, By Truck type
11.3.6.2.2 France: Military Truck Market, By Propulsion type
11.3.6.2.3 France: Military Truck Market, By Transmission type
11.3.6.2.4 France: Military Truck Market, By Application
11.3.6.3 Italy: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 Italy: Military Truck Market, By Truck type
11.3.6.3.2 Italy: Military Truck Market, By Propulsion type
11.3.6.3.3 Italy: Military Truck Market, By Transmission type
11.3.6.3.4 Italy: Military Truck Market, By Application
11.3.6.4 UK: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 UK: Military Truck Market, By Truck type
11.3.6.4.2 UK: Military Truck Market, By Propulsion type
11.3.6.4.3 UK: Military Truck Market, By Transmission type
11.3.6.4.4 UK: Military Truck Market, By Application
11.3.6.5 Russia: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 Russia: Military Truck Market, By Truck type
11.3.6.5.2 Russia: Military Truck Market, By Propulsion type
11.3.6.5.3 Russia: Military Truck Market, By Transmission type
11.3.6.5.4 Russia: Military Truck Market, By Application
11.3.6.6 Rest of Europe: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Rest of Europe: Military Truck Market, By Truck type
11.3.6.6.2 Rest of Europe: Military Truck Market, By Propulsion type
11.3.6.6.3 Rest of Europe: Military Truck Market, By Transmission type
11.3.6.6.4 Rest of Europe: Military Truck Market, By Application
11.4 APAC: Military Truck Market
11.4.1 APAC: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 APAC: Military Truck Market, By Truck type
11.4.3 APAC: Military Truck Market, By Propulsion type
11.4.4 APAC: Military Truck Market, By Transmission type
11.4.5 APAC: Military Truck Market, By Application
11.4.6 APAC: Military Truck Market, By Key Country
11.4.6.1 Australia: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 Australia: Military Truck Market, By Truck type
11.4.6.1.2 Australia: Military Truck Market, By Propulsion type
11.4.6.1.3 Australia: Military Truck Market, By Transmission type
11.4.6.1.4 Australia: Military Truck Market, By Application
11.4.6.2 China: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 China: Military Truck Market, By Truck type
11.4.6.2.2 China: Military Truck Market, By Propulsion type
11.4.6.2.3 China: Military Truck Market, By Transmission type
11.4.6.2.4 China: Military Truck Market, By Application
11.4.6.3 India: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 India: Military Truck Market, By Truck type
11.4.6.3.2 India: Military Truck Market, By Propulsion type
11.4.6.3.3 India: Military Truck Market, By Transmission type
11.4.6.3.4 India: Military Truck Market, By Application
11.4.6.4 Japan: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Japan: Military Truck Market, By Truck type
11.4.6.4.2 Japan: Military Truck Market, By Propulsion type
11.4.6.4.3 Japan: Military Truck Market, By Transmission type
11.4.6.4.4 Japan: Military Truck Market, By Application
11.4.6.5 South Korea: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.5.1 South Korea: Military Truck Market, By Truck type
11.4.6.5.2 South Korea: Military Truck Market, By Propulsion type
11.4.6.5.3 South Korea: Military Truck Market, By Transmission type
11.4.6.5.4 South Korea: Military Truck Market, By Application
11.4.6.6 Rest of APAC: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.6.1 Rest of APAC: Military Truck Market, By Truck type
11.4.6.6.2 Rest of APAC: Military Truck Market, By Propulsion type
11.4.6.6.3 Rest of APAC: Military Truck Market, By Transmission type
11.4.6.6.4 Rest of APAC: Military Truck Market, By Application
11.5 MEA: Military Truck Market
11.5.1 MEA: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.5.2 MEA: Military Truck Market, By Truck type
11.5.3 MEA: Military Truck Market, By Propulsion type
11.5.4 MEA: Military Truck Market, By Transmission type
11.5.5 MEA: Military Truck Market, By Application
11.5.6 MEA: Military Truck Market, By Key Country
11.5.6.1 South Africa: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.1.1 South Africa: Military Truck Market, By Truck type
11.5.6.1.2 South Africa: Military Truck Market, By Propulsion type
11.5.6.1.3 South Africa: Military Truck Market, By Application
11.5.6.2 Saudi Arabia: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.2.1 Saudi Arabia: Military Truck Market, By Truck type
11.5.6.2.2 Saudi Arabia: Military Truck Market, By Propulsion type
11.5.6.2.3 Saudi Arabia: Military Truck Market, By Transmission type
11.5.6.2.4 Saudi Arabia: Military Truck Market, By Application
11.5.6.3 UAE: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.3.1 UAE: Military Truck Market, By Truck type
11.5.6.3.2 UAE: Military Truck Market, By Propulsion type
11.5.6.3.3 UAE: Military Truck Market, By Transmission type
11.5.6.3.4 UAE: Military Truck Market, By Application
11.5.6.4 Rest of MEA: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.5.6.4.1 Rest of MEA: Military Truck Market, By Truck type
11.5.6.4.2 Rest of MEA: Military Truck Market, By Propulsion type
11.5.6.4.3 Rest of MEA: Military Truck Market, By Transmission type
11.5.6.4.4 Rest of MEA: Military Truck Market, By Application
11.6 SAM: Military Truck Market
11.6.1 SAM: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.6.2 SAM: Military Truck Market, By Truck type
11.6.3 SAM: Military Truck Market, By Propulsion type
11.6.4 SAM: Military Truck Market, By Transmission type
11.6.5 SAM: Military Truck Market, By Application
11.6.6 SAM: Military Truck Market, By Key Country
11.6.6.1 Brazil: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.1.1 Brazil: Military Truck Market, By Truck type
11.6.6.1.2 Brazil: Military Truck Market, By Propulsion type
11.6.6.1.3 Brazil: Military Truck Market, By Transmission type
11.6.6.1.4 Brazil: Military Truck Market, By Application
11.6.6.2 Argentina: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.2.1 Argentina: Military Truck Market, By Truck type
11.6.6.2.2 Argentina: Military Truck Market, By Propulsion type
11.6.6.2.3 Argentina: Military Truck Market, By Transmission type
11.6.6.2.4 Argentina: Military Truck Market, By Application
11.6.6.3 Rest of SAM: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
11.6.6.3.1 Rest of SAM: Military Truck Market, By Truck type
11.6.6.3.2 Rest of SAM: Military Truck Market, By Propulsion type
11.6.6.3.3 Rest of SAM: Military Truck Market, By Transmission type
11.6.6.3.4 Rest of SAM: Military Truck Market, By Application
12. Military Truck Market - Covid-19 Impact Analysis
12.1 Overview
13. Industry Landscape
13.1 Overview
14. Company Profiles
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Global Military Truck Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Military Truck Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Mexico: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Europe: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Europe: Military Truck Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 24. Germany: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Germany: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 26. Germany: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Germany: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. France: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 29. France: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 30. France: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 31. France: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 32. Italy: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Italy: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Italy: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Italy: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 36. UK: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 37. UK: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 38. UK: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 39. UK: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Russia: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 43. Russia: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 48. APAC: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 49. APAC: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 50. APAC: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 51. APAC: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 52. APAC: Military Truck Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 53. Australia: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Australia: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Australia: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Australia: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 57. China: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 58. China: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 59. China: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 60. China: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 61. India: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 62. India: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 63. India: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 64. India: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 65. Japan: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 66. Japan: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 67. Japan: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 68. Japan: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 69. South Korea: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 70. South Korea: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Korea: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Korea: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 73. Rest of APAC: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 74. Rest of APAC: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 75. Rest of APAC: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 76. Rest of APAC: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 77. MEA: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 78. MEA: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 79. MEA: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 80. MEA: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 81. MEA: Military Truck Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 82. South Africa: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 83. South Africa: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 84. South Africa: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 85. South Africa: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 86. Saudi Arabia: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 87. Saudi Arabia: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 88. Saudi Arabia: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 89. Saudi Arabia: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 90. UAE: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 91. UAE: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 92. UAE: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 93. UAE: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 94. Rest of MEA: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 95. Rest of MEA: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 96. Rest of MEA: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 97. Rest of MEA: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 98. SAM: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 99. SAM: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 100. SAM: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 101. SAM: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 102. SAM: Military Truck Market, By Country – Revenue and Forecast to 2028 (US$ Million)
Table 103. Brazil: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 104. Brazil: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 105. Brazil: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 106. Brazil: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 107. Argentina: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 108. Argentina: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 109. Argentina: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 110. Argentina: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 111. Rest of SAM: Military Truck Market, By Truck type – Revenue and Forecast to 2028 (US$ Million)
Table 112. Rest of SAM: Military Truck Market, By Propulsion type – Revenue and Forecast to 2028 (US$ Million)
Table 113. Rest of SAM: Military Truck Market, By Transmission type – Revenue and Forecast to 2028 (US$ Million)
Table 114. Rest of SAM: Military Truck Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 115. List of Abbreviation
LIST OF FIGURES
Figure 1. Military Truck Market Segmentation
Figure 2. Military Truck Market Segmentation – By Geography
Figure 3. Global Military Truck Market Overview
Figure 4. Military Truck Market, By Truck type
Figure 5. Military Truck Market, By Propulsion type
Figure 6. Military Truck Market, By Transmission type
Figure 7. Military Truck Market, By Application
Figure 8. Military Truck Market, By Geography
Figure 9. North America – PEST Analysis
Figure 10. Europe – PEST Analysis
Figure 11. Asia-Pacific – PEST Analysis
Figure 12. Middle East and Africa – PEST Analysis
Figure 13. South America – PEST Analysis
Figure 14. Military Truck Market- Ecosystem Analysis
Figure 15. Military Truck Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Military Truck Market
Figure 17. Global Military Truck Market Revenue Forecast and Analysis (US$ Million)
Figure 18. Military trucks Market Revenue Share, by Application (2022 and 2028)
Figure 19. Cargo/Logistics Carrier: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 20. More Than 200 Miles: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Military trucks Market Revenue Share, by Propulsion Type (2022 and 2028)
Figure 22. BEV: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. PHEV: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 24. FCEV: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. Military trucks Market Revenue Share, by Vehicle Type (2022 and 2028)
Figure 26. Light-Duty Trucks: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. Medium Trucks: Military Trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 28. Heavy Trucks: Military Trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 29. Military trucks Market Revenue Share, by Level of Automation (2022 and 2028)
Figure 30. Manual Transmission: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 31. Fully-Autonomous: Military trucks Market– Revenue and Forecast to 2028 (US$ Million)
Figure 32. Global Military Truck Market Revenue Share, By Region (2021 & 2028)
Figure 33. North America: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America: Military Truck Market Revenue Share, by Truck type (2021 & 2028)
Figure 35. North America: Military Truck Market Revenue Share, by Propulsion type (2021 & 2028)
Figure 36. North America: Military Truck Market Revenue Share, by Transmission type (2021 & 2028)
Figure 37. North America: Military Truck Market Revenue Share, by Application (2021 & 2028)
Figure 38. North America: Military Truck Market Revenue Share, by Key Country (2021 & 2028)
Figure 39. US: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Military Truck Market Revenue Share, by Truck type (2021 & 2028)
Figure 44. Europe: Military Truck Market Revenue Share, by Propulsion type (2021 & 2028)
Figure 45. Europe: Military Truck Market Revenue Share, by Transmission type (2021 & 2028)
Figure 46. Europe: Military Truck Market Revenue Share, by Application (2021 & 2028)
Figure 47. Europe: Military Truck Market Revenue Share, by Key Country (2021 & 2028)
Figure 48. Germany: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. France: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Italy: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. UK: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Russia: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of Europe: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. APAC: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. APAC: Military Truck Market Revenue Share, by Truck type (2021 & 2028)
Figure 56. APAC: Military Truck Market Revenue Share, by Propulsion type (2021 & 2028)
Figure 57. APAC: Military Truck Market Revenue Share, by Transmission type (2021 & 2028)
Figure 58. APAC: Military Truck Market Revenue Share, by Application (2021 & 2028)
Figure 59. APAC: Military Truck Market Revenue Share, by Key Country (2021 & 2028)
Figure 60. Australia: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. China: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. India: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Japan: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. South Korea: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. Rest of APAC: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 66. MEA: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. MEA: Military Truck Market Revenue Share, by Truck type (2021 & 2028)
Figure 68. MEA: Military Truck Market Revenue Share, by Propulsion type (2021 & 2028)
Figure 69. MEA: Military Truck Market Revenue Share, by Transmission type (2021 & 2028)
Figure 70. MEA: Military Truck Market Revenue Share, by Application (2021 & 2028)
Figure 71. MEA: Military Truck Market Revenue Share, by Key Country (2021 & 2028)
Figure 72. South Africa: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Saudi Arabia: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. UAE: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Rest of MEA: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. SAM: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. SAM: Military Truck Market Revenue Share, by Truck type (2021 & 2028)
Figure 78. SAM: Military Truck Market Revenue Share, by Propulsion type (2021 & 2028)
Figure 79. SAM: Military Truck Market Revenue Share, by Transmission type (2021 & 2028)
Figure 80. SAM: Military Truck Market Revenue Share, by Application (2021 & 2028)
Figure 81. SAM: Military Truck Market Revenue Share, by Key Country (2021 & 2028)
Figure 82. Brazil: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 83. Argentina: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
Figure 84. Rest of SAM: Military Truck Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Military Truck Market
- Arquus SAS
- Oshkosh Corp
- Rheinmetall AG
- TATRA TRUCKS AS
- General Dynamics European Land Systems SLU
- Hyundai Rotem Co
- AB Volvo
- Tata Motors Ltd
- Iveco Group NV
- Navistar Defense LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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