Military Truck Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Light Duty, Medium Duty, Heavy Duty), By Propulsion (ICE, Electric), By Transmission Type (Automatic, Semi-Automatic, Manual), By Axle (4×4, 6×6, 8×8, Others), and By Region

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Summary

Report Description

The global military truck market size is anticipated to witness steady growth in the forecast period, 2023-2027. Massive demand for military trucks for transportation purposes, technological advancements, and the launch of customized trucks are the primary drivers for the global military truck market. Also, the growing defense expenditure from the developing countries and the rise in the recruitment of the army personnel by leading authorities to enhance the border security are expected to propel the global military truck market growth over the next five years.

Rise in the Defense Expenditure Boosts the Market Growth

In 2021, the world military expenditure reached $2,113 billion claimed to a report by Stockholm International Peace Research Institute (SIPRI) which conducted research on conflicts, armaments, disarmament, and arms control. The defense spending increased by 0.7 percent in 2021 in real terms, and the major focus of countries was on research and development activities. The five largest spending countries in 2021 were the United States, China, India, the United Kingdom, and Russia. Countries are focusing on enhancing border security and preventing people engulfed in illegal activities from entering the country’s border. Also, the rise in cross-border issues and domestic conflicts between the countries have increased the demand for advanced weapons, equipment, and technology to be used by defense personnel. Tensions at the India-China border, India-Pakistan border, Ukraine, Russia, and other countries are increasing at a rapid rate which is making the leading authorities take measures to provide security to its citizens. Military trucks play a crucial role during combat situations. They transport cargo, military personnel, and other important weapons and equipment to the desired locations due to their high weight carrying capacity. Massive applications and growing defense spending is expected to fuel the demand for the global military truck market over the next five years.

Military Modernization Programs Supports the High Market Demand in the Forecast Period

Countries have increased their defense expenditure and are rapidly adopting advanced technologies and solutions to increase the defense capabilities of their countries. The changing warfare technologies and development of next-generation technologies have enhanced the performance of weapons, equipment, and systems. Market players are focusing on the research and development activities to upgrade the existing structure of the military trucks and improve their fuel efficiency and load-carrying capacity. They are introducing electric-hybrid electric vehicles to lower carbon emissions and increase the military personnel's flexibility. Recently, Oshkosh Defense launched an electric-hybrid version of its military truck and named it eJLTV, which stands for electric Joint Light Tactical Vehicle. The new version is expected to perform similarly to its previous version, along with additional features like silent-drive mode, improved fuel economy, and increased exportable power capability. Therefore, advancements in technology and the growing focus of government to replace the existing versions of the military trucks are expected to propel the global military truck market demand over the forecast period.


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Market Segmentation

The global military truck market is segmented into type, propulsion, transmission type, axle, regional distribution, and competitive landscape. Based on type, the market is divided into light duty, medium duty, and heavy duty. Based on propulsion, the market is bifurcated into ICE and electric. Based on transmission type, the market is divided into automatic, semi-automatic, and manual. Based on axle, the market is divided into 4×4, 6×6, 8×8, and others. To analyze the market based on the region, the global military truck market is studied in major regions namely North America, Asia-pacific, Europe & CIS, South America, Middle East and Africa. In terms of country, the United States is anticipated to hold a significant market share in the forecast period due to the presence of major market players and the adoption of advanced technologies in the manufacturing process.

Market Players

IVECO S.p.A., Rheinmetall AG, Textron Inc., TATRA TRUCKS A.S., Mitsubishi Heavy Industries, Mercedes-Benz AG, Krauss-Maffei Wegmann, Oshkosh Corporation Inc., General Dynamics, Tata Motors, are the major market players operating in the global military truck market.

Attribute

Details

Base Year

2021

Historic Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Type

·         Propulsion

·         Transmission Type

·         Axle

Regional scope

North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China, India, Japan, Thailand, Indonesia, Australia, South Korea; Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland; Brazil, Argentina; Saudi Arabia, Iran, Israel, UAE, Turkey

Key companies profiled

IVECO S.p.A., Rheinmetall AG, Textron Inc., TATRA TRUCKS A.S., Mitsubishi Heavy Industries, Mercedes-Benz AG, Krauss-Maffei Wegmann, Oshkosh Corporation Inc., General Dynamics, Tata Motors

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global military truck market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Military Truck Market, By Type:
    • Light Duty
    • Medium Duty
    • Heavy Duty
  • Military Truck Market, By Propulsion:
    • ICE
    • Electric
  • Military Truck Market, By Transmission Type:
    • Automatic
    • Semi-Automatic
    • Manual
  • Military Truck Market, By Axle:
    • 4×4
    • 6×6
    • 8×8
    • Others
  • Military Truck Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Asia-Pacific
      • China
      • India
      • Japan
      • Thailand
      • Indonesia
      • Australia
      • South Korea
    • Europe & CIS
      • Germany
      • France
      • United Kingdom
      • Spain
      • Italy
      • Netherlands
      • Russia
      • Poland
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • Iran
      • Israel
      • UAE
      • Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global military truck market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global military truck market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected] 

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Global Military Truck Market

5.    Global Military Truck Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value & Volume

5.2.  Market Share & Forecast

5.2.1.     By Type (Light Duty, Medium Duty, Heavy Duty)

5.2.2.     By Propulsion (ICE, Electric)

5.2.3.     By Transmission Type (Automatic, Semi-Automatic, Manual)

5.2.4.     By Axle (4×4, 6×6, 8×8, Others)

5.2.5.     By Region (North America; Europe & CIS; Asia Pacific; South America and Middle East & Africa)

5.2.6.     By Company (2021)

5.3.  Product Market Map (By Type, By Region)

6.    North America Military Truck Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type

6.2.2.     By Propulsion

6.2.3.     By Transmission Type

6.2.4.     By Axle

6.2.5.     By Country (United States; Canada; Mexico)

6.3.  Product Market Map (By Type, By Country)

6.4.  North America: Country Analysis

6.4.1.     United States Military Truck Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Value & Volume

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Type

6.4.1.2.2.             By Propulsion

6.4.1.2.3.             By Transmission Type

6.4.1.2.4.             By Axle

6.4.2.     Canada Military Truck Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Value & Volume

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Type

6.4.2.2.2.             By Propulsion

6.4.2.2.3.             By Transmission Type

6.4.2.2.4.             By Axle

6.4.3.     Mexico Military Truck Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Value & Volume

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Type

6.4.3.2.2.             By Propulsion

6.4.3.2.3.             By Transmission Type

6.4.3.2.4.             By Axle

7.    Asia Pacific Military Truck Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Type

7.2.2.     By Propulsion

7.2.3.     By Transmission Type

7.2.4.     By Axle

7.2.5.     By Country (China, India, Japan, Thailand, Indonesia, Australia, South Korea)

7.2.6.     Product Market Map (By Type, By Country)

7.3.  Asia Pacific: Country Analysis

7.3.1.     China Military Truck Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Type

7.3.1.2.2.             By Propulsion

7.3.1.2.3.             By Transmission Type

7.3.1.2.4.             By Axle

7.3.2.     India Military Truck Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Type

7.3.2.2.2.             By Propulsion

7.3.2.2.3.             By Transmission Type

7.3.2.2.4.             By Axle

7.3.3.     Japan Military Truck Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Type

7.3.3.2.2.             By Propulsion

7.3.3.2.3.             By Transmission Type

7.3.3.2.4.             By Axle

7.3.4.     Thailand Military Truck Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Type

7.3.4.2.2.             By Propulsion

7.3.4.2.3.             By Transmission Type

7.3.4.2.4.             By Axle

7.3.5.     Indonesia Military Truck Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Type

7.3.5.2.2.             By Propulsion

7.3.5.2.3.             By Transmission Type

7.3.5.2.4.             By Axle

7.3.6.     Australia Military Truck Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Value & Volume

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Type

7.3.6.2.2.             By Propulsion

7.3.6.2.3.             By Transmission Type

7.3.6.2.4.             By Axle

7.3.7.     South Korea Military Truck Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Value & Volume

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Type

7.3.7.2.2.             By Propulsion

7.3.7.2.3.             By Transmission Type

7.3.7.2.4.             By Axle

8.    Europe & CIS Military Truck Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Type

8.2.2.     By Propulsion

8.2.3.     By Transmission Type

8.2.4.     By Axle

8.2.5.     By Country (Germany, France, United Kingdom, Spain, Italy, Netherlands, Russia, Poland)

8.3.  Product Market Map (By Type, By Country)

8.4.  Europe & CIS: Country Analysis

8.4.1.     Germany Military Truck Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Type

8.4.1.2.2.             By Propulsion

8.4.1.2.3.             By Transmission Type

8.4.1.2.4.             By Axle

8.4.2.     France Military Truck Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Type

8.4.2.2.2.             By Propulsion

8.4.2.2.3.             By Transmission Type

8.4.2.2.4.             By Axle

8.4.3.     United Kingdom Military Truck Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Type

8.4.3.2.2.             By Propulsion

8.4.3.2.3.             By Transmission Type

8.4.3.2.4.             By Axle

8.4.4.     Spain Military Truck Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Type

8.4.4.2.2.             By Propulsion

8.4.4.2.3.             By Transmission Type

8.4.4.2.4.             By Axle

8.4.5.     Italy Military Truck Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Type

8.4.5.2.2.             By Propulsion

8.4.5.2.3.             By Transmission Type

8.4.5.2.4.             By Axle

8.4.6.     Netherlands Military Truck Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Type

8.4.6.2.2.             By Propulsion

8.4.6.2.3.             By Transmission Type

8.4.6.2.4.             By Axle

8.4.7.     Russia Military Truck Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value & Volume

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Type

8.4.7.2.2.             By Propulsion

8.4.7.2.3.             By Transmission Type

8.4.7.2.4.             By Axle

8.4.8.     Poland Military Truck Market Outlook

8.4.8.1.         Market Size & Forecast

8.4.8.1.1.             By Value & Volume

8.4.8.2.         Market Share & Forecast

8.4.8.2.1.             By Type

8.4.8.2.2.             By Propulsion

8.4.8.2.3.             By Transmission Type

8.4.8.2.4.             By Axle

9.    South America Military Truck Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Type

9.2.2.     By Propulsion

9.2.3.     By Transmission Type

9.2.4.     By Axle

9.2.5.     By Country (Brazil, Argentina)

9.3.  Product Market Map (By Type, By Country)

9.4.  South America: Country Analysis

9.4.1.     Brazil Military Truck Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Type

9.4.1.2.2.             By Propulsion

9.4.1.2.3.             By Transmission Type

9.4.1.2.4.             By Axle

9.4.2.     Argentina Military Truck Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Type

9.4.2.2.2.             By Propulsion

9.4.2.2.3.             By Transmission Type

9.4.2.2.4.             By Axle

10.  Middle East and Africa Military Truck Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Type

10.2.2.  By Propulsion

10.2.3.  By Transmission Type

10.2.4.  By Axle

10.2.5.  By Country (Saudi Arabia, Iran, Israel, UAE, Turkey)

10.3.              Product Market Map (By Type, By Country)

10.4.              Middle East and Africa: Country Analysis

10.4.1.  Iran Military Truck Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Type

10.4.1.2.2.           By Propulsion

10.4.1.2.3.           By Transmission Type

10.4.1.2.4.           By Axle

10.4.2.  Saudi Arabia Military Truck Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Type

10.4.2.2.2.           By Propulsion

10.4.2.2.3.           By Transmission Type

10.4.2.2.4.           By Axle

10.4.3.  UAE Military Truck Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Type

10.4.3.2.2.           By Propulsion

10.4.3.2.3.           By Transmission Type

10.4.3.2.4.           By Axle

10.4.4.  Israel Military Truck Market Outlook

10.4.4.1.      Market Size & Forecast

10.4.4.1.1.           By Value & Volume

10.4.4.2.      Market Share & Forecast

10.4.4.2.1.           By Type

10.4.4.2.2.           By Propulsion

10.4.4.2.3.           By Transmission Type

10.4.4.2.4.           By Axle

10.4.5.  Turkey Military Truck Market Outlook

10.4.5.1.      Market Size & Forecast

10.4.5.1.1.           By Value & Volume

10.4.5.2.      Market Share & Forecast

10.4.5.2.1.           By Type

10.4.5.2.2.           By Propulsion

10.4.5.2.3.           By Transmission Type

10.4.5.2.4.           By Axle

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends and Developments

13.  Competitive Landscape

13.1.              Company Profiles (Partial List of Leading Companies)

13.1.1.          IVECO S.p.A.

13.1.2.          Rheinmetall AG

13.1.3.          Textron Inc.

13.1.4.          TATRA TRUCKS A.S.

13.1.5.          Mitsubishi Heavy Industries

13.1.6.          Mercedes-Benz AG

13.1.7.          Krauss-Maffei Wegmann

13.1.8.          Oshkosh Corporation Inc.

13.1.9.          General Dynamics

13.1.10.        Tata Motors

14. Strategic Recommendations

Figures and Tables

Frequently asked questions

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IVECO S.p.A., Rheinmetall AG, Textron Inc., TATRA TRUCKS A.S., Mitsubishi Heavy Industries, Mercedes-Benz AG, Krauss-Maffei Wegmann, Oshkosh Corporation Inc., General Dynamics, Tata Motors are the key players operating in the global military truck market.

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Massive demand for military trucks for transportation purposes, technological advancements, and the launch of customized trucks are expected to drive the demand for the global military truck market.

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The high charges of designing customized military vehicles and the chances of technical errors may hinder the market growth in the forecast period.

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Based on type, the market is divided into light-duty, medium-duty, and heavy-duty. Heavy-duty trucks are expected to capture the highest market share in the forecast period.

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Srishti Verma

Business Consultant
Press Release

Military Truck Market to be dominated by Heavy Duty Military Trucks through 2027

Sep, 2022

Increased defense spending from developing countries and growing pollical and border issues are expected to drive the demand for the global military truck market in the forecast period, 2023-2027.

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